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What happens if you pay your car loan so it doesnt get repossessed but you dont have insurance?
Wiki User
∙ 18y ago
Your car finance company will add their own insurance that covers their vehicle, but not your liability. ANd it will significantly increase your payments. It would be so much cheaper and better protection for you to find your own insurance. Park it until you get insurance.
Wiki User
∙ 18y ago
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What happens when you pay off an auto loan?
the bank cant come and steal it. but the insurance company can if you dont pay that
You want your house repossessed?
no i dont think any body would like their house repossessed because that will mean your a tramp, then u will be put in a dangerous place .. :'(
What do you do if you owe money on your car and want to have it repossessed but the loan company will not?
Maybe it doesnt meet the loan cos. repo specs?? (not running,wrecked,ect) Do you know where their office is? Is it lcal? If so, take it to them and leave it in their parking lot. If they dont have a local office, call atowing co. to come get it,they can handle getting it repoed. OR leave it at the city PD parking lot.
How many payments must be missed before they repossess?
Actually one, I have repossessed cars for BMW where there customer was three days late. it all depends on the states laws I have a website that may help you avoid having your car repossessed. www.stoptheREPOman DONT LET TTHE BANK TAKE YOUR CAR BACK!
What happens if you don't make a profit?
you dont make a profit
Can a car be repossessed for not having tags?
No, only when you are required to have full coverage insurance and you dont, and the obvious that you do not make a payment.
If you repossess your car do you have to continue insurance coverage on that vehicle?
I take it you mean, if your car IS repossessed. In that case, IF you dont plan to redeem it, NO. NO car, NO insurance. Once the lender repos the car, they are responsible for the insurance coverage.
If you dont pay The Exorcist are you repossessed?
NO!
How can you get your car repossessed?
dont pay the payments ever
If you tell a guy you basically want to be with him His response is if it happens it happens What does this mean?
This means if yall are meant to be yall will be but if he doesnt say it to then dont waste your time on him.
What happens when you get hit by a person without license but the car has insurance?
If you have car insurance ,police will never stop you even if you dont have driving license.
When a car is repossessed in Illinois do the police have to be notified?
no the police dont have to be notified
What happens if your car is repossessed and you are out of the country?
The same thing happens as if you lived across the street from the lender. They notify you by mail what is going to happen(court,auction,ect) and if you dont respond they proceed. No biggie. Not to my knowledge. Search in your browser for "vise + revoke".
What happens when you pay off an auto loan?
the bank cant come and steal it. but the insurance company can if you dont pay that
What happens if you cancel car insurance and dont return tag?
Most of the time, your car may be de-registered.
What happens if your car gets keyed on your friends property and you dont know who did it what happens?
Report the vandalism to Police Make an insurance claim Your friend has no financial responsibility
What do you do if your girlfriend had gone out with one of your friends?
that happens a lot. if your friend doesnt still like her and she doesnt still like him, its probably okay. if there's no hard feelings, then i dont see why you cant go out!!! -erin:)
