RIP 2012 ZL1 #1635 - Page 42 - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

RavenZL1 · 01-09-2014, 02:27 PM

Quote:

Originally Posted by PQ

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.

Evil-Bee-NH · 01-09-2014, 02:41 PM

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.

PQ · 01-09-2014, 02:45 PM

Quote:

Originally Posted by RavenZL1

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.

BigBoyBlue · 01-09-2014, 03:53 PM

Quote:

Originally Posted by RavenZL1

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.

thespymaster · 01-09-2014, 04:22 PM

Quote:

Originally Posted by Genob4c

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!

Mcarltonjr · 01-09-2014, 04:32 PM

Quote:

Originally Posted by BHW7

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?

LuSe4 · 01-09-2014, 04:42 PM

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.

redleader · 01-09-2014, 04:46 PM

Quote:

Originally Posted by BrunSS

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

Childs Play · 01-09-2014, 06:15 PM

Heh. Got blocked from their Facebook page in record time. Gotta love their damage control team. At least they can afford that still.

Childs Play · 01-09-2014, 06:17 PM

I'm wondering why we haven't just started spamming their dealership with Phone calls on the subject to disrupt their business.

BHW7 · 01-09-2014, 06:48 PM

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.

Jalberdi99 · 01-09-2014, 06:56 PM

Quote:

Originally Posted by Childs Play

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

Bad@ssCamaro · 01-09-2014, 07:07 PM

I just left my own opinion on the matter in their Facebook page.

Jalberdi99 · 01-09-2014, 07:13 PM

Quote:

Originally Posted by Childs Play

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

01-09-2014, 02:41 PM	#576
Evil-Bee-NH 603 Camaros Drives: 2017 NGM I4 1LT Coupe Join Date: May 2012 Location: Manchester, NH Posts: 6,779 View My Garage	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. __________________ MY 2017 I4 CAMARO BUILD JOURNAL \| YOUTUBE \| INSTAGRAM \| 316RWHP - 385 RWTQ HPTUNERS DYNO TUNE \| 12.693s @ 105MPH 1/4 Mile

01-09-2014, 04:42 PM	#581
LuSe4 Drives: 2013 Camaro 2SS RS LS3 Join Date: Feb 2011 Location: Grand Rapids, MI Posts: 1,058	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.

01-09-2014, 06:15 PM	#583
Childs Play Pizza & Wings Only $12.99 Drives: 2017 Camaro SS Join Date: Jan 2012 Location: Houston, TX. Posts: 628	Heh. Got blocked from their Facebook page in record time. Gotta love their damage control team. At least they can afford that still. __________________ H-Town Camaro Club Past Rides: 2012 Camaro 2SS/RS M6 2012 Camaro ZL1 A6 2017 Camaro 2SS M6

01-09-2014, 06:17 PM	#584
Childs Play Pizza & Wings Only $12.99 Drives: 2017 Camaro SS Join Date: Jan 2012 Location: Houston, TX. Posts: 628	I'm wondering why we haven't just started spamming their dealership with Phone calls on the subject to disrupt their business. __________________ H-Town Camaro Club Past Rides: 2012 Camaro 2SS/RS M6 2012 Camaro ZL1 A6 2017 Camaro 2SS M6

01-09-2014, 07:07 PM	#587
Bad@ssCamaro BeckyD Rocks :-) Drives: 2015 1SS/1LE Join Date: Sep 2009 Location: CT Posts: 5,778 View My Garage	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. Stage 3 BMR cam, ARH 1 7/8 headers, CAI, BMR 1.25 drop springs, JPSS Billet Bushings, Peddars Cradle Bushings...460 whp...so far....SOLD, but not forgotten!

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.