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Not enough information is given. The insurance is going to have to in the same name as the name of the owner on the loan papers. Who it is that actually MAKES the payments is immaterial to the insuror or the lender, just so long as the insurance policy is current.
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∙ 14y ago
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Is it illegal to sell a car when your still making payments on finance?
No its perfectly legal and if you are still making payments on it, that increases values.
If you own your car or house and are no longer making payments should you still have insurance on them?
If you own your car or house and are no longer making payments, should you still have insurance on them? Explain why or why not.
Can parents still insure your car when recently married?
You parents can be insured on your car and they can make payments regardless of your marital status.
Is it illegal to take a car out of state when you are still making payments on it?
Not as long as you continue to make payments on it.
Am you considered a homeowner if you are still making mortgage payments?
Yes
If your car is in the shop but you are still making payments can they repo the car?
Not as long as the payments are current and have remained so.
A temporary postponement of payments or making smaller payments while interest is still accruing is called?
deferment
Can you put insurance on a motorcycle and drive it if it's not in your name yet?
No. It's the same as with an automobile. You cannot insure a vehicle that you do not have an insurable interest in which generally means that you own the vehicle. If you own the vehicle or motorcycle but are still making payments you are considered the owner.
What can you do if your car blows up while you are still making payments and you can't afford to make those payments and buy another car?
Depends on what you mean by
If a car is repossessed and you agree to make some kind of payments ever month will they still list it on your credit as a repo?
Yes but it will also list that you are making payments!
How do you know if you car is going to be repossesed?
The best indicator is that you still owe on the car, and you have stopped making payments.
Can you sublease a car that you are making payments on?
You can do what you want in that regards. You will still be liable for the payments and the bill will still come in your name. Check with a third party loan company. They may have high interest risk policys they can offer.
