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Car Stolen: Dealing with Insurance, Negative Equity, and a 7-Month Wait for a New Car—What Happens to My Loan?”
Car Stolen: Dealing with Insurance, Negative Equity, and a 7-Month Wait for a New Car—What Happens to My Loan?" Last week, my car was stolen, but thankfully I had comprehensive insurance. My insurance company is offering me $35,000 for the vehicle. However, my loan balance is $47,000, leaving me with $12,000 in negative equity. I also had the Vehicle Loss Privilege Program (VLPP) from my dealer (VW), which mentions that if I have negative equity on my loa...
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