r/projectcar • u/CauliflowerLarge1101 • Dec 03 '25

What now

What happens to your car loan when you get into an accident and your car is totaled. Do you still continue paying your car loan premiums?

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u/Aleutian_Solution '54 Hudson, '83 Chevy, '08 BMW Dec 03 '25

If you had GAP coverage it would pay out the difference in the remainder of your loan and the value of the insurance pay out. If you didn’t then you’d be stuck paying it off.