Hey guys, how’s everyone. Ok, so here’s my problem. Last January I bought a brand new car. Cost me €20k. 3 weeks ago I was rear ended by some guy in a jeep and I ended up being pushed into the guy in front and now the car has been written off. The pre-accident value of the car is €17k. After much deliberation my insurance company have come back and told me that because I got finance on the car that I have to pay them back first and I get the remainder (which is nothing as I still owe €16,950 on the loan)!
My solicitor tells me that seeing as I’ve been cleared and it was in no way my fault, legally, I am entitled to be put back into the same position I was in before the accident. I just don’t understand how I can be put back into that position seeing as I wont have any money to buy a new car. I do know, however, that I will be able to re-apply for finance seeing as I’ve cleared that loan off, but those new cars cost more than €17K so if I was to go down that road I’d have to fork out more money! As I was the person who originally bought the car new, I’m not settling for a second hand model!
What’s your take on my situation? What do you think I should do?
Sorry if this doesn’t make sense I guess the real question I’m trying to ask is, how come I’m still the one who ends up in the sh*t when it wasn’t even my fault!