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I couldn’t handle the payments and the car was repossessed last week. It will be sold at an auction. I am sure it will be sold for a price way under what I still owe on the loan. I have GAP insurance on the vehicle. Will GAP cover the difference I owe?

I am in the middle of purchasing a used car from an auto auction house. i have kept all of my documentation. I have a recent charge off on my credit from a recent car accident and know my score is not the best. I reviewed docs that were sent to me from the finance company which do not match the forms i signed. I put a down pmt of 00 on my visa and later sent 0 over the phone 9days later. Less than two days after I drove off the lot (not yet financed) the car made horrible noises and with the sellers permission i took the car to the nearest manufacturer’s dealer, the repair was minor. The seller "took care" of the repairs, rental and diagnostic charges. On the agreement i signed the sales price is ,300 plus GAP, warranty and standard fees. The pink I just received in the mail from the finance company shows an inflated sales price of around ,150 with no GAP or warranty, it shows my total down payment of 00 on the original purch date & forged signatures. I need a car, this one works great, and want to start trying to fix my credit should i just play along?

I’m planning on visiting Virginia in my gap year for about 2 weeks. I’ll probably need to rent a car but it looks expensive. Is renting a used car a good idea and how much would it be? I’ll have a UK licence but am willing to get a VA one. Biggest problem is I’ll be 18. Thanks!

I was involved in an accident in which the insurance company deemed my car a total loss. I still owed captial one auto finance about 6,000 on it and I didn’t have gap insurance. I elected to buy the car back from the insurance company for 0, but now I’m worried about Capital one trying to repossess the car, even though it’s wrecked now. Will captial one reposess a vehicle which has been deemed a total loss? Will I get a salvage title from the insurance company automatically, or who do I need to contact to get that?

My son had GAP insurance on his new vehicle. Now he can’t continue the payment and may have his vehicle repossessed.
There will be a big difference between what he still owe on his loan and the resale price of the vehicle. Will GAP pay for this difference?