I leased a 2018 Hyundai Elantra in early August and was informed today it has been totaled. I was informed by Progressive that the cars value is $15,415 they spoke to Hyundai and determined that GAP insurance did not need to come into play. This leaves me with some questions as i am new to this whole experience.
Some info
Bare bones 2018 Hyundai Elantra Lease term was 36 months Payment was $185.00 Residual Value $8,792.90 Progressive values the car at $15,415 Was rear-ended by an uninsured driver GAP coverage in included in my payment.
My questions are as follows:
Does this mean i negotiated a good or bad deal given gap insurance does not come into play? I ask this because i am now face with acquiring a new vehicle and am trying to determine how to best go about it.
If this was a good deal should i contact Hyundai to see if they can give me the same deal? (Not wanting to have to pay for Tax, title etc etc up front again) If not... what should i do?
Should I/ Can I sue for the deductible and or the cost of acquiring another car? Unfortunately I like most people do not have the means to come up with funds for another less than a month after starting a lease.
Thanks for any suggestions, help, or input.
Submitted September 10, 2018 at 10:40AM by Burt_Bacharachs_Rack https://ift.tt/2oVE384
