The Dealership Totaled My Car And Are Taking Weeks To Pay Me

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Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 2 May 2025

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	Brought to you by the Every Dollar app.
0:04.3	Start budgeting for free today.
0:06.7	So I'm in a bit of an interesting situation.
0:09.5	My car was recently totaled by a dealership.
0:13.3	They're 100% at fault.
0:15.4	And I just need some guidance on what to do if I need to do lawsuit or insurance, and mainly just buying a new car as well.
0:25.6	Okay. Good Lord. What happened?
0:28.6	So it took it in for some routine maintenance, oil change, and unfortunately the lift failed and the car fell.
0:36.4	No one was injured, thank God, but the car is done for.
0:40.5	Wow.
0:41.4	And what year model is the car?
0:44.2	So it was a 2016 GMC terrain fully paid off with about 70,000 miles on it.
0:50.8	Oh, all right, cool.
0:52.4	So what do you think the car is worth?
0:55.6	KBB has it at about 8 to 9K.
0:59.0	And another concern is that just buying back into the car market with tariffs and everything
1:05.0	tariffs don't affect your cars.
1:09.0	Indirectly, could they, though?
1:10.4	No, no, no, no, no.
1:13.3	Okay.
1:14.0	Not a 2016 pickup truck.
1:16.0	It's not going to affect at all.
	...

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