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Sure you can, but you're still responsible for paying off the loan to the finance company. If the check will cover the pay-off, give it to the finance company. If it doesn't, give it to them, anyway. It'll reduce your debt by that much.

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โˆ™ 2015-07-15 18:41:53
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Q: Can you cash a check written to you by your insurance company for a car that was totaled but still has remaining payments on it to a finance company?
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What happens when a vehicle is totaled and you owe a finance company more than what the insurance company offers?

Auto dealers would normally offer you a Guaranteed Asset Protection plan attached to your amount of the auto. This GAP is technically insurance of your asset, the car for payment of the remaining amount owed the finance company after the regular insurance pays their amount.


How can you take over payments?

Contact finance company


Can you purchase auto insurance 1 month at a time?

You are going to have to put down a down payment and then you can finance the rest and pay in 9 or 10 monthly payments. It reall depends on the insurance company.


What happens if the car gets stolen and its still on finance?

You will still owe the finance company the balance of your finance note. Hopefully you have full coverage insurance. If you do have full coverage, the Comprehensive portion of your policy will generally pay off the finance company up to the insured limits (usually the remaining market value) of your insured auto.


Can a finance company repossess your car when you lose your job?

Only if you stopped making payments and are behind on your on your payments.


Can you take over car payments?

Yes, with the agreement of the finance company.


What does the finance company do when a car is totaled and there is no collision insurance?

If the driver was uninsured or only had liability insurance, they would be liable to still pay the finance company back or face a lawsuit.


Who get the money if the car is totaled and the car is on chapter13?

The insurance company will pay the finance company not you.


What happens if you pay your car loan so it doesnt get repossessed but you dont have insurance?

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.


When your car gets towed and you have it finance but have no insurance or DL. can the finance company pick up the car for you?

ABSOLUTELY.


I am thinking of buying a car from a seller who still has loan payments. How can i be sure i will get the title from him after i pay the finance company?

Go to the bank or finance company and tell them what you are doing. Don't give the seller any money untill you have worked it out with the finance company.


What should you do if a finance company returns your payments?

Perhaps your loan has been paid in full. Otherwise, call them and ask why they returned your payments.


Car stolen and recovered 6months later but inoperable and the car is repo and finance company settles with insurance company and then charge me the remaining fee is that legal?

It can depend on that state's laws but most times, yes, because you signed a finance agreement for a certain amount. Just like if you total your vehicle and you owe more than it totals out for, you will most likely still owe the remaining amount.


What kind of company is Instant Finance?

Instant Finance is a New Zealand finance company specializing in personal loans and insurance. One can either apply for loans and insurance online or can visit any of the 22 branches based all over New Zealand.


What is it called when you pay a monthly car insurance fee?

This would be financing your premium. Some companies have payments plans and sometimes you go through a premium finance company. Premium finance companies are generally used for larger premiums like commercial accounts.


Does life insurance corporation housing finance a government company?

yes


If a car on finance is stolen and insurance pays out but then the car is recoverd what happens to the car?

It belongs to the insurance company


If i stop making payments on a camper my dad had in his name only and he died what can the finance company do to me?

Repossess it


How long till they repossess once you are late.?

As soon as 10 days after due date of payment. The laws vary from one State to another, and a finance company will not usually reposses on day 11, but they legally can. More often it's 30 days, or until you owe two payments. You may get your car back if you pay all late payments, late charges, and the remaining balance owed. If the finance company sells the car and gets more than what is owed, they must reimburse you the difference. They can also reposses if you let your insurance lapse. Protecting their interest.


What services does tesco finance offer?

Tesco finance offers all different kinds of insurance like car insurance, home insurance, and travel insurance are a few to list. To find out more one could look at the company's website.


What does forced place insurance cover?

It covers the finance company. nobody else.


Can your car get repo for no car insurance?

Yes, Almost every Auto finance note contains language that requires you to maintain "Full Coverage" Auto Insurance for the term of your finance note. It just part of the contract you agree and sign when you financed the car. This is to protect the finance company from a loss of the vehicle. Remember the finance company still owns the vehicle until you pay it off. Failure to comply with the insurance requirements of the finance note you signed constitutes a default on your loan subjecting the borrower and the vehicle to whatever remedies are at the finance companies disposal, including repossession. If you act quickly, Are not behind on your car payments, Get your full coverage insurance in place and pay the towing fees, Call the company and be nice with them and assure them that you understand your obligations with apologies for any oversight, Most finance companies will let you take the vehicle back and continue paying your note.


Had an accident and the van is a total loss Insurance gave you a check with your your husband's and the finance company's name will the bank cash this with just my and my husband's signatures?

They shouldn't. The finance company has a lien on the insurance money to pay off the loan. The Finance Company will cash the check, pay off the balance and if there is any balance left, send the money to you.


A Finance company to finance sales for your Company?

My company doe's home improvements.Need a finance company to finance


Due to lack of insurance can the place where you finance your car change your payment?

Yes they can add coverage to protect the finance company. It is usually more expensive than having insurance from an agent.