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Of course it is your responsibility because the damage occurred while it was in your possession.
Keep in mind that they can hold off the registration of your new car until this is resolved. Not sure how much damage it has in term monetary term. If it is in the thousands, the dealer will sue you for sure. Quote:
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I would be very surprised if the OP's insurance company will cover the car now since it's now in the physical and probably legal possession of the dealership, and the OP likely already informed the ins co that he no longer owned it when he obtained coverage for his new car. This would have been much less of a headache if the OP had come clean at the time of the trade. |
I would have done the right thing and told them about the damage that occurred and if they wanted me to file a claim do it. You can still do the right thing and file the claim, it's a comprehensive claim so your insurance won't go up. If the insurance says you can't because it was already in their possession then so be it, at least you tried. Why have this hanging over your head...
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as far as coverage goes, it is based on the date/time of the damages. this occurred when the OP still has the coverage for the car. it doesn't really matter who own the car afterward. furthermore, I am quite sure that the actually ownership transfer of both cars won't be done til this is resolved.
I agree with you guys that the OP should have been honest about the damage upfront. Quote:
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