You missed the point somewhere along the line. Point is where I hold FCA responsible. Insurance did pay it off as stated above. And whether or not I took out a 4 or 6 year loan is irrelevant to the situation. Let say the fire didn't happen and I was driving down the street and I wreck my vehicle, whether it was my fault or not, that is not FCA. If a tree falls on it, not FCA. It gets stolen, not FCA. Then there is a recall for an engine part that can cause an engine fire AND there are no parts available for 7 to 9 months, no loaners or other solutions for a situation that can be deadly....that is on FCA. I did my part on maintained my truck. I took it in when recall was issued....TWICE. So yes, there is a liability on FCA because if the parts were available and fixed and no engine fire ever happened, I would still be happy. If the truck burned down after the fix, oh well, my crappy luck.Sorry but I have to make a statement that applies to everyone who buys any vehicle, to start sorry you have the issue that totaled your truck, that is why we have insurance. But the way your post reads it also sounds like you still have two years worth of loan to pay off. I am not understanding you saying you got back $2,000 dollars then you say you still have 2 years to pay on the loan, all monies should have went to the lien holder and if the insurance payoff was not enough to satisfy the loan amount then you are liable for the remaining balance of the loan.
Here is the statement that applies to everyone, do not take out these 72 month, 84 month and yes even 96 month loans on a vehicle. You are upside down for almost the entire term of the loan, the poster I am replying to from what I can determine from his post got $2,000 dollars back on a 4 year old truck with 87,000 miles on it and again from what I can determine from his post still had another two years left on the loan so I don't really understand how he got $2,000 dollars back when there is a lien holder on the truck for the loan that he says still has two years to go before it is paid off. But let's assume that the loan was paid off by insurance and there was a remaining balance of $2,000 dollars that went to the poster.
These trucks prices have become outrageous with 1500 series trucks pricing out over $74,000 dollars for them. It is a vehicle meant to move you from point A to point B. The only way most people can afford these trucks these days is to take out loans for 6, 7, 8 and even 9 years, that is just not a smart decision financially for a vehicle.
I just bought a left over 2019 Ram 1500 Classic Laramie ecodiesel and it had an MSRP of $50,265 dollars, but I would not have paid that for it, I would have moved on to another truck. In this case being it was a left over 2019 that they had on their lot for 10 months they were eager to move it to get it off their floor plan, so out the door after tax, tag, title and extended warranty I paid just over $29,000 dollars for it. I only took out a loan for 48 months to pay it off within a reasonable amount of time as I am not in a position to just pay cash for a vehicle right now.
The point is people need to start being smarter about the vehicles they buy and the loans they take out on them. Don't get wooed by the fancy options that drive the price up into the $70,000 plus dollar range and then have to take out Long loans tying you up for the next 6 to 8 years paying on a vehicle. If you average 15,000 miles a year and have a 7 year loan you will have 105,000 miles on that vehicle before you pay it off. Stretch it out to 8 years and you will have 120,000 miles on it before it is paid off.
Compare that with only a 48 month loan and you will have 60,000 miles on the vehicle but it is now paid off. Never treat a vehicle as an investment because they are a depreciating asset that will one day not be worth anything if you keep it long enough.
I will only go to 48 months on a loan for a vehicle, if I can't make that happen then the vehicle is just to expansive for me and it is time to look for another vehicle that I can fit into a 48 month loan.
The vehicles are an investment and diesels simply last longer than gas engines. There is more maintenance but you take care of the vehicle and it lasts forever. Yes, transmission, brakes and other parts wear out just like any vehicle, but the heart and life blood of the vehicle stays strong. This is why I purchased the vehicle and the great mileage that we get from these small blocks.
Back to the point, due to the negligent actions of FCA, they are liable for producing a faulty part that can cause total loss of a vehicle and other deadlier situations. And yes, it has affected me negatively. FCA is liable. The fact that you are giving advice about 4 year loans vs 6 year loans and affordability is irrelevant. Your statement also underlines that I couldn't afford that vehicle in a loan of 48 months or that I'm an idiot for not doing it in 48 months. I could have but that is not the route I chose to take. And I state again, no matter the financial option that anyone chooses, it is irrelevant to a vehicle fire that it all could have been prevented if the parts were available. Have a great day, im off to work.