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Do you have to have full coverage on a vehicle in Virginia if you're making payments from a dealership?
Wiki User
∙ 12y ago
The lienholder usually requires it to protect their interest until it's paid off.
Wiki User
∙ 12y ago
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Will auto insurance cover a disabled person for motorhome payments?
No. Auto Insurance provides coverage for accidental losses wheel operating your vehicle. To cover the finance note of a vehicle you would have to have purchased credit or finance note insurance offered to you by the dealership at the time of purchase.
My payments is behind but I want to trade it in. what dealership would take it?
I dont see why not. The dealership gets their money from the company that financed the car. You arent paying tge dealership, you pay the financial institution. Problem is, if you're behind on payments, that will not help you to get another vehicle.
Can a car dealership repo your car if you already have a lender for the vehicle?
The DEALERSHIP won't repossess the car, but the lender might if you don't make the monthly payments as scheduled.
If you are current on your payments can the car dealership who sold you the car repo it or is the bank that is financing the vehicle the only one who can do that?
The bank/finance company. The dealer has already been paid for the vehicle
Can I trade in my car if I am behind on payments?
You absolutely can trade in your vehicle even if you are behind on your payments. When you trade a vehicle in the dealership you are purchasing from pays off your previous loan in full, so being behind on your payments will not affect anything other than the total amount due on your car. Of course when the new dealership runs your credit report it will probably reflect that you are currently behind and will also show how many months you are behind.
What happens to remaining payments if you trade car in?
The remaining payments are usually rolled into your new car loan. The dealership cannot transfer the title into their name without the vehicle loan being paid off.
Which term describes an alternative to car buying where monthly payments are paid for a specific period of time after which the vehicle is returned to the dealership or bought?
Car leasing
What happens if car dealership files bankruptcy how do you pay for vehicle?
If a car dealership files for bankruptcy, someone will purchase the accounts receivable as part of the bankruptcy settlement. That person or company should contact you and tell you where to make payments.
Who pays for your stolen vehicle?
If you have comprehensive coverage on your vehicle, that is the coverage that will pay for your stolen vehicle.
Would I be covered on a business fleet insurance policy if I am not listed as a driver?
In terms of Auto Liability...this depends.... 1. Does the policy excluded unscheduled drivers? If so, no coverage for you. 2. Did you have permission to use the vehicle? If not, no coverage for you. If the policy does not exclude unscheduled drivers, and you have permission to use the vehicle, the policy should afford coverage for incidents where you are the driver. In terms of Medical Payments or other benefit to YOU as the driver.... 1. Same questions as above, and more importantly... 2. Is Medical Payments and/or "PIP" coverage is provided on the policy? If no, no coverage for you. If no Medical Payments and/or "PIP" coverage is provided on the policy, you would need to seek coverage under the Workers Compensation policy. If you are an Excluded Owner under that WC policy, there would be no coverage for you here either. Remember, these answers are "general" in nature, and may not reflect the exact response from your insurer. I highly recommend contacting your agent for clarification of coverage.
What states do not have the car insurance law?
The states of Virginia, New Hampshire, and Mississippi do not require the vehicle owner to carry insurance coverage. In Virginia a fee may be paid to the state for a uninsured vehicle. In New Hampshire, and Mississippi vehicle owners may post cash bonds.
Can the loan company for your vehicle charge you for insurance?
Yes. If you are making payments to a car lender, you are generally REQUIRED to insure the vehicle. If at any point they discover that you are NOT insuring the vehicle, they have every right to force coverage as they have a financial interest in that car.
