If my lexus 2015 IS350 F sport is totaled in the repair shop /dealer and their insurance pays the cost.
Do they pay the remainder of money owed, or due they pay the KELLY BLUE book value of the car along with plates, sticker, etc


TIA

 

Unless you had GAP insurance, I'm fairly certain you're getting whatever they deem the market value of the car to be.

 

Typically they won't rip you off, they gave me more than what I would have got on my 2010 IS250 if I sold it pre-write off.
They also compensate you for sales tax.

 

Everyone who has a sizable car loan should have Gap insurance..

 

Yeah the answer to your question is dependent on YOUR gap insurance. They will pay out market value with disregard to what you owe.

 

thanks group!! I'm glad i belong and glad you are here!

 

Hope it all works out! Sorry for the loss.

 

thanks for all the help

 

When you got your insurance they would have asked you if it was financed (own) or leased, they ask these questions in order to evaluate your very concern.