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Originally Posted by ACZakka325i
I would assume if you total and its your fault you would have to go buy a new one out of your own pocket.
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Nah, that definitely can't be right, unless you don't have full coverage on the car. If your car belongs to the bank, then you have to have full coverage. My sister totalled her Eclipse and she pulled out into traffic and the insurance company gave her around $15,000...not bad, it was a 1999 Eclipse with like 40,000 miles (this was in 2003).
My great aunt just totalled her 2003 Cavalier a few months ago and she too pulled out into traffic and got $8,000 from the insurance. I think if you have full coverage, you won't have a problem. There is that "gap" insurance thingie, though, which I'm not too familiar with.