Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums - Camaro5.com
 
TireRack
Go Back   Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums - Camaro5.com > General Camaro Forums > Camaro ZL1 Forum - ZL1 Specific Topics


Closed Thread
 
Thread Tools
Old 01-09-2014, 02:27 PM   #575
RavenZL1
 
Drives: ZL1
Join Date: Jun 2013
Location: Stafford, VA
Posts: 156
Quote:
Originally Posted by PQ View Post
And this is what GAP insurance is for.

Also why I said the dealer should have made it right in the beginning with a new identical car and had the customer agree that any compensation is the dealers. From either insurance company.

GAP insurance covers the difference between what the insurance is paying out on the car and what you still owe on your car loan. So if he owed 50K on his car loan and the insurance was going to give him 40, the GAP insurance would cover that extra 10K to pay off the loan. If he only owed 30K on the car, GAP insurance wouldn't kick in.

GAP insurance is generally for those that put little or nothing down on a car to help cover the immediate depreciation hit in case the car is totalled.
__________________
RavenZL1 is offline  
Old 01-09-2014, 02:41 PM   #576
Evil-Bee-NH
WEEEEE!!!!!!!!
 
Evil-Bee-NH's Avatar
 
Drives: Black 2011 Camaro 2LS
Join Date: May 2012
Location: Concord, NH
Posts: 2,799
Can't believe this keeps getting more messed up and though GM may have no obligation this is a clear example of when they could be a great mediator and recieve some great PR for assisting a resolution in this matter. Best part is this is this can be classified two ways you have the criminal case because it was theft being the dealership was closed. The car owner should get a new car just from that then the civil case which he could actually come out on top with again. The owner needs to take some intelligent advice sit down with mr. hooper in front of a computer for 20 mins and let him put together his new ZL1 at what he payed for and transfer his loan recouping any discrepancy with the two so that it sits where he is now on payments. Now transfering the loan from a bank is a mess but the financial people at dealerships are jackals when it comes to this stuff s it's not some far out idea.
__________________
Roto-Fab CAI | Ark N-II Exhaust | Elite Oil Catch Can | Setina Push Bumper | Vmax Ported TB | Vitesse Throttle Controller | VMax Ice-olator | EmblemPro's Custom Badges | Painted Underhood Accessories | Custom Full Car Plasti-Dip | Vitesse Paddle Shifters | DT Shorty Headers | OPT7 LED Pods & Light Bar | OPT7 Interior Full Spectrum Lighting
Evil-Bee-NH is offline  
Old 01-09-2014, 02:45 PM   #577
PQ
Booooosted.
 
PQ's Avatar
 
Drives: 2010 Supercharged SS
Join Date: Apr 2008
Location: Mobile, AL
Posts: 36,712
Send a message via Yahoo to PQ
Quote:
Originally Posted by RavenZL1 View Post
GAP insurance covers the difference between what the insurance is paying out on the car and what you still owe on your car loan. So if he owed 50K on his car loan and the insurance was going to give him 40, the GAP insurance would cover that extra 10K to pay off the loan. If he only owed 30K on the car, GAP insurance wouldn't kick in.

GAP insurance is generally for those that put little or nothing down on a car to help cover the immediate depreciation hit in case the car is totalled.
Yes, I know that and so if the OP owed more than his insurance would cover then he'd be whole. We have not been told what the numbers are.



EDIT:

Going back and reading the OP it sounds like he paid for it cash? Trading his 5th Gen and selling a classic Camaro.

So, yes, GAP would not make sense in this case. I was thrown off when he said he's making payments on a Camaro that is wrecked. Probably had to finance a small amount after selling the other two cars.
__________________
PQ is offline  
Old 01-09-2014, 03:53 PM   #578
BigBoyBlue
Go NY Giants & NY Rangers
 
BigBoyBlue's Avatar
 
Drives: 2013 ZL1 M6
Join Date: Nov 2013
Location: Maryland
Posts: 783
Quote:
Originally Posted by RavenZL1 View Post
GAP insurance covers the difference between what the insurance is paying out on the car and what you still owe on your car loan. So if he owed 50K on his car loan and the insurance was going to give him 40, the GAP insurance would cover that extra 10K to pay off the loan. If he only owed 30K on the car, GAP insurance wouldn't kick in.

GAP insurance is generally for those that put little or nothing down on a car to help cover the immediate depreciation hit in case the car is totalled.
Exactly. GAP will not compensate Mr. Hooper for any equity he has in the car.
__________________
Molon Labe!
BigBoyBlue is offline  
Old 01-09-2014, 04:22 PM   #579
thespymaster


 
thespymaster's Avatar
 
Drives: C7 / ZL1 / SS / trucsk
Join Date: Nov 2009
Location: G4 CLASSIFIED
Posts: 4,544
Quote:
Originally Posted by Genob4c View Post
I'm not sure why somebody hasn't suggested this yet, but I think it's time for our Fbodfather to head that way with some black SUVs and get this taken care of. This is bad pub, not just for the dealer, but for Chevrolet and GM as a whole.

Geno
It's funny you write that, as I got the "FBODFATHER" aka Scott Settlemire involved in my C7 dispute with a dealer here.

As soon as he got involved, GM bought back the C7 !!! enough said!
__________________
2014 C7 Stingray 3LT/Z51
2013 Camaro SS
2012 Camaro ZL1 - 850 HP
2015 GMC Denali 3500HD 4x4
2012 GMC Sierra 3500HD 4x4
thespymaster is offline  
Old 01-09-2014, 04:32 PM   #580
Mcarltonjr
 
Mcarltonjr's Avatar
 
Drives: 2013 F150 STX
Join Date: Nov 2013
Location: Phoenix AZ
Posts: 140
Quote:
Originally Posted by BHW7 View Post
Justin, one big difference here vs. all the other examples you have listed is one giant one. The dealership was closed in this one unlike the others you posted. In those situations techs etc. drove vehicles during business hours. This one is absolutely different. In this case it is more a case of theft, no more no less.
This is actually a really good point. At that point though would the dealership be liable in this case? I mean from a perspective of if they where closed that is in fact stealing and the dealership would not be liable since it was their employee off hours commiting a felony. Thus making the empoylee liable? Granted the employee probably doesnt make near enough to afford a ZL1. That makes sense to me. I am by NO means a lawyer but logically speaking while I think about it that does make a little sense. Am I correct or incorrect in this thought?
Mcarltonjr is offline  
Old 01-09-2014, 04:42 PM   #581
LuSe4

 
LuSe4's Avatar
 
Drives: 2013 Camaro 2SS RS LS3
Join Date: Feb 2011
Location: Grand Rapids, MI
Posts: 1,060
I have been following this since it was first posted.
What keeps popping up in my mind is that the op shouldn't go after the dealership (even though they have the means to replace the car), but rather the crook (service writer) that stole the car. Because that is what happened, he stole that car with the intention of joy riding in it and never getting caught. Can't you go after him for damages? Shouldn't he be charged with auto theft?
He knew full well what he was doing.
__________________
-2013 Summit White over Inferno Orange 2SS RS-
-2014 White Diamond Silverado Z71 Crew Cab Short Box-

Last edited by LuSe4; 01-09-2014 at 04:59 PM.
LuSe4 is offline  
Old 01-09-2014, 04:46 PM   #582
redleader
redleader
 
redleader's Avatar
 
Drives: 2010 V6 3.6L Auto 1LT
Join Date: Mar 2012
Location: UK
Posts: 2,070
Send a message via MSN to redleader
Quote:
Originally Posted by BrunSS View Post
I would pull the dealership through the mud !! Let all TV Programms ,newspapers and all the People know how they do their Business !!!

Absolutely


Sent from my iPhone using Tapatalk
__________________
redleader is offline  
Old 01-09-2014, 06:15 PM   #583
Childs Play
TL;DR
 
Childs Play's Avatar
 
Drives: 2014 Versa POS
Join Date: Jan 2012
Location: Katy, TX.
Posts: 279
Heh. Got blocked from their Facebook page in record time. Gotta love their damage control team. At least they can afford that still.
__________________
Knowledge is knowing that a tomato is a fruit, but Wisdom is knowing not to put it in a fruit salad.

H-Town Camaro Club FTW!

Past Rides:
2012 Camaro 2SS/RS M6 w/Corsa Cat Back Exhaust, CAI intake and Kooks Headers.
2012 Camaro ZL1 A6 Bone Stock.

Future Rides:
2016/17 Camaro SS.
Childs Play is offline  
Old 01-09-2014, 06:17 PM   #584
Childs Play
TL;DR
 
Childs Play's Avatar
 
Drives: 2014 Versa POS
Join Date: Jan 2012
Location: Katy, TX.
Posts: 279
I'm wondering why we haven't just started spamming their dealership with Phone calls on the subject to disrupt their business.
__________________
Knowledge is knowing that a tomato is a fruit, but Wisdom is knowing not to put it in a fruit salad.

H-Town Camaro Club FTW!

Past Rides:
2012 Camaro 2SS/RS M6 w/Corsa Cat Back Exhaust, CAI intake and Kooks Headers.
2012 Camaro ZL1 A6 Bone Stock.

Future Rides:
2016/17 Camaro SS.
Childs Play is offline  
Old 01-09-2014, 06:48 PM   #585
BHW7
 
Drives: 2010 2SS
Join Date: Dec 2013
Location: Maryland
Posts: 12
That is likely spot-on. It says several times it was stolen on a Sunday when the store was closed. Because of how this went down the real person the OP can go after is obviously the thief. The dealer seems to be in the middle of a mess not of their own doing by any stretch but the act of one rogue individual who acted on his own when the car was stolen.
BHW7 is offline  
Old 01-09-2014, 06:56 PM   #586
Jalberdi99

 
Jalberdi99's Avatar
 
Drives: 2014 Summit White 2SS/RS M6
Join Date: Aug 2012
Location: @ ur moms house in VA
Posts: 1,385
Quote:
Originally Posted by Childs Play View Post
Heh. Got blocked from their Facebook page in record time. Gotta love their damage control team. At least they can afford that still.
Yeap, got in there just in time to post the last comment
__________________
Jalberdi99 is offline  
Old 01-09-2014, 07:07 PM   #587
Bad@ssCamaro
Rogers' Rocks :-)
 
Bad@ssCamaro's Avatar
 
Drives: 2015 1SS/1LE
Join Date: Sep 2009
Location: Western MA
Posts: 5,656
I just left my own opinion on the matter in their Facebook page.
__________________
2015 CRT 1SS/1LE RS/Recaro's/NPP/Nav/Rear vision pkg./BA speaker upgrade.

Bad@ssCamaro is offline  
Old 01-09-2014, 07:13 PM   #588
Jalberdi99

 
Jalberdi99's Avatar
 
Drives: 2014 Summit White 2SS/RS M6
Join Date: Aug 2012
Location: @ ur moms house in VA
Posts: 1,385
Quote:
Originally Posted by Childs Play View Post
Heh. Got blocked from their Facebook page in record time. Gotta love their damage control team. At least they can afford that still.
Yeap, got in there just in time to post the last comment
__________________
Jalberdi99 is offline  
 
Closed Thread

Tags
1st state chevrolet, stealership, stolen, totaled, wrecked, zl1

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 02:29 PM.


Powered by vBulletin® Version 3.8.9 Beta 4
Copyright ©2000 - 2016, vBulletin Solutions, Inc.