Update on my total loss

Hey people, I figured i make a new thread for the update.

I didn't realized my OG thread was locked.

My insurance paid me 58k for the truck. Pretty much covers the finance loan on the truck.

I have predator steps, oval steps, all weather mats, tri fold hard cover and bed matt for sale for the short bed.

I found a used off road for 42k 2019. However, my dealer hooked me up with the same deal as my last truck. So, i have another off road. Only difference it is now a long bed.

I learned my lessonand thank you for the concern and hope to see you at the trails.

 

That's $58k Canadian right?

 

I think yen cause Toyota is Japanese right?

 

No. Purchase the truck for 47k and they gave me 58k for it. Crazy huh.

 

Hmmm Could be made in Mexico... Peso?

 

Is this the situation where the truck was stolen?

 

No. Just wrecked.

 

It pays to have good insurance.

 

This was the truck, right?

 

That's even worse then. If you paid $47k but the $58k they gave you only "pretty much covers the finance on the loan" you're making terrible decisions. Though wrecking the truck apparently worked out to get you out of an negative equity loan.

 

I don't think so, but thank you for the concern. I dont believe I had negative equity if they paid 11k over the msrp.

 

Yes that's her

 

Your first post says that the $58k payment pretty much covered the finance loan. That sounds like you financed a lot over the $47k. If that’s not the case then it’s just poor grammar which is more forgivable than terrible financial decisions.

 

Yea, with taxes and the dmvs fees it came out about that much.

 

So you were in the hole $11k then, thus the negative equity I mentioned. You owed $58k for a $47k truck. Luckily you wrecked it and got out from under that.

 

I see what you are saying now.

 

You have the new truck now?

Glad it worked out. Lesson learned.

Thanks for being there to take care of us that have a tendency to hurt ourselves!

 

What color is the new one?
Still working graveyard shifts?

 

Until the dealer gave him the same deal on another one...

 

Yeso?