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Before that, you have to know what is outstanding finance. It does not belong to you. It belongs to the owner of the vehicle. So, buying or selling a car having outstanding finance is unlawful anywhere.
You can certainly get in serious trouble for having your vehicle uninsured.
A passenger vehicle designed for operation on ordinary roads and typically having four wheels and a gasoline or diesel internal-combustion engine.
A finance broker can help a client who has a lot of consumer debt or a poor credit score. They can also help a client who is having trouble obtaining a loan for a car or mortgage.
Having to do with an automobile
Of course. If you don't meet the obligations of your finance contract they have the right to reposess the vehicle. Your main obligations are to pay the payments as agreed and keep insurance on the vehicle as agreed. Read your finance agreement. I have seen many occasions when companies have to repo a vehicle because the customer won't keep the insurance on it.
You should contact the finance company. Perhaps, you can make smaller payments and stretch out the loan or perhaps you can turn the car in and avoid them the trouble of repossessing the car in exchange for not having your credit ruined.
Any police officer can give you a ticket for failing to produce proof of valid, current automobile insurance if pulled over while driving/riding said automobile.
A person under the age of 18 is not a legal adult. For this reason you should not own an automobile. If you do not own the vehicle then you cannot insure it. You can only insure a vehicle that you own. An insurance application and policy together form a legal and binding contract. Most insurance companies will not recognize a legal contract unless it is signed by a legal adult. This is the reason you are having trouble getting a quote.
Impotance of having good relationships between the finance department and logistics department
Laws vary by state, but typically, yes. If the finance company feels the vehicle is at risk of having a lien put on it by a local or state government entity, they'll take possession of the vehicle, as the right of the government agency to recoup storage and towing costs has priority over the finance company.
Instead of having it forcibly repossessed, you call your finance company and tell them you're voluntarily having it repossessed. They may send a tow service to collect it, or they may ask you to take it to the repossessor. It'll be repossessed, auctioned off, and the amount they get from the auction will be deducted from the amount you owe. The finance company may offer a settlement at that point for an amount less than what you owe on that vehicle - that's up to the finance company.