wrecked 2013 pro
- Thread starter lbakki
- Start date
i would start tearing it down find out what it all needs and fix it with your buddy, he pays parts,grab some pops to drink during the process u both stay close buds and share some good wrenching fun and can now go sledn and his wife cant even get mad about the new sled
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dcooper
Well-known member
hmmm,.. so his wife wrecked it, and he bought you a brand new sled? or, YOUR buddy(who didnt wreck the sled) financed you a new one? If that's how it works, sounds like your even. You still have a new sled and are making payments on a new(though not the same) sled
a really unfortunate situation either way without insurance.
I mean you could just stop making the payments and let them reposses the wrecked sled, if you dont care about things like... credit
its tough that things like this can ruin friendships so let whoever try to make it right and chalk the rest up to a lesson to get insurance next time? (not trying to be a dick)
a really unfortunate situation either way without insurance.
I mean you could just stop making the payments and let them reposses the wrecked sled, if you dont care about things like... credit
its tough that things like this can ruin friendships so let whoever try to make it right and chalk the rest up to a lesson to get insurance next time? (not trying to be a dick)
If you decide to sell some parts plz let me know!
Just PM me
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Double L
Member
So you have a loan on your sled that was totaled? All the banks I've ever dealt with when i've had loan against them require you to have insurance. Seems weird.
The first thing you do is get insurance on the new sled. If the new sled is owned outright, then just refinance it and pay your previous loan off. Don't be one of those guys that ends up defaulting on a loan because you are paying on something that no longer exists. If you refinance at least you are paying down something that you could always sell and pay the loan off.
And that's why insurance is so expensive.
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knzee
Well-known member
How long have you owned the sled? If you just bought it and have full coverage on another vehicle you should have a 30 day time period that your insurance will cover any new vehicle you purchase. My insurance guy said that since we carry full coverage on our vehicles any new purchase is assumed that you will have full coverage and is on the insurance as soon as you sign the title.
And you don't have to thank me for high insurance rates, I carry insurance on every vehicle I own weather I own it out right or have a loan on it.
And you don't have to thank me for high insurance rates, I carry insurance on every vehicle I own weather I own it out right or have a loan on it.
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Danbot
Well-known member
The snowmobile is top on my list of items that need full insurance coverage, they can go from $14,000 to $1000 value in the blink on an eye. This is also why I do not borrow, rent, or loan snowmobiles, period.
In your situation lbakki, I would feel much more comfortable if the new replacement sled was tied to the financing in my name.... and the wrecked sled was tied to the other guy's financing. I would also help him repair the wrecked sled so he doesn't suffer a total loss. Parting out the wrecked sled could also yield a fair bit of the money back, another option.
Also..... kneez, I find your thoughts on this disgusting. Your post should be punishable by conspiracy to commit insurance fraud!
In your situation lbakki, I would feel much more comfortable if the new replacement sled was tied to the financing in my name.... and the wrecked sled was tied to the other guy's financing. I would also help him repair the wrecked sled so he doesn't suffer a total loss. Parting out the wrecked sled could also yield a fair bit of the money back, another option.
Also..... kneez, I find your thoughts on this disgusting. Your post should be punishable by conspiracy to commit insurance fraud!
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knzee
Well-known member
Wow, guess I should have put an LOL at the end of that to not disgust you.
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awful knawful
ACCOUNT CLOSED
I would also get the financing changed. you should own/ pay for the new one and he should own/pay for the wrecked one. what happens if he defaults on the payments? you're screwed!
If you make enough money and have good enough credit the banks won't make you have insurance on a sled that you've financed.
Wow this it the second post in as many weeks about someone barrowing a brand new Pro with low miles from someone and then either crashing it or totally it and coming on here asking for advice on how to handle it. Could someone be fishing for some information. Just saying!! I know it happens but all of last year i never read one post about this and now in two weeks we have two different posts asking for advice on very similar situations. especially with only having 3 posts
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The guy who wrecked it should give you a fair price for what it was worth prior to crashing it, and he should get to keep the wreckage. only fair way I see it.
What is the old saying? If you wreck it you buy it. Makes sense now. I would say he gets a loan to pay off yours and he keeps it. Then you go buy another new sled.
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