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If your friend takes over your payments while the car remains in your name can he get full coverage insurance and list the lien holder you make payments to?

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Your name must be on the Title or Loan in order to get car insurance under your name. Otherwise this is considered Insurance Fraud. It is punishable by the law.
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If the bank sent you a title without a lien holder on it can you stop making payments on the loan and keep the car?

Your obligation to repay the loan is based on the promissory note you signed, and has nothing to do with a lien on the vehicle. Without a lien on the vehicle, the lender will

Can you have a total stranger take over your car and make your payments for you?

It is best to have the person buy the vehicle off you straight out. Then in turn, with the money you receive from him/her you pay the remainder of the loan. It gets too compli

If a friend says they will let you take over payments on a car how does this work Do you have to get approved on their loan?

  Answer   Never done this one, but it's common. Make sure yall trade info. Know their finance company and make sure your finance company knows theirs. Call, talk to

When is payment required to have insurance coverage?

Cannot be answered here - that information should appear in the contract language of the policy. Generally, however, the insurance agent will take a deposit premium for the an

What is a car take over payment?

  This is usually a situation where someone owes money on their car, but cannot make the payments or they want to get a different car. They will offer the car up to you in