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Can you legally loan your car to a friend if it's insured to you?
Wiki User
∙ 15y ago
You can legally loan your car to a friend, if you own it, but be prepared to pay for any damages done to or by your friend, because your insurance won't and they might cancel your policy. You must inform your insurance carrier if other persons will be driving your car.
Wiki User
∙ 15y ago
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If you file for bankruptcy and your car is repossessed can a friend take a loan out for you to purchase a car?
Of course, it won't legally be your car however.
Can you loan your car to your sibling in another state if it is registered financed and insured in your name?
Depends on your insurance company.
Do you still have to pay the difference in the Loan?
Yes, you are legally bound to pay the difference is what the lender sells the car for and the balance on the loan.
Can you get auto insurance under your dad if hes not on the car loan?
Yes. The leinholder (the person who has to pay the loan) and the lender (the person who receives the loan payments) is not related to the person insured to drive the vehicle.
You have a car loan can another person take over the payments?
If the loan company approves. If the loan company does not approve and transfer the loan you would still be legally responsible for the debt.
Can you legally drive a friend's car if you are under your parent's insurance and said car is insured by your friends family?
You would be covered by the insurance on your friend's car if you are driving it with their permission. To be safe, get the parents' permission, not just your friend's. It may be that your friend can't give a legally binding permission.
If you file for bankruptcy and your car is repossessed can a friend take a loan out for you to purchase a car?
Of course, it won't legally be your car however.
Do you have to pay off the car loan if you total the car?
Yes. Hopefully the car is insured, and the insurance money recieved will cover the loan of the car.
Does my teenage son who does not drive my car have to be insured on my car?
If he ever drives it he legally has to be insured. If he never sets foot behind the wheel, he does not.
Are you legally responsible for a car that you have cosigned?
You are legally responsible for the loan. You would want to make certain the car is sufficiently insured and has gap insurance. If you are also on the title then you are legally responsible by way of liability for the car.Parking tickets are applied to the plate number and an excess of unpaid parking tickets can result in impoundment.
What happens to balance on car title loan when car is stolen?
Every car obtained on loan definitely is an insured one.One gives loan on insurance basis only.
You co-signed a car for your friend but the dealership listed as a joint owner how can you get your name out of this?
If you co-signed a car loan for your friend your name SHOULD appear as joint owner in case your friend defaults on the car loan. If there is a default you will need to take over the car and payments in order to protect your own credit record. You cannot take possession of the car unless you are a joint owner. You should make certain your friend has full insurance coverage on the car in case it is wrecked before the loan is paid off. You entered a situation in which you made yourself legally responsible for paying for your friend's car. You may also be held legally responsible for any damages caused by the negligent operation of that car. The only way you can "get yourself out of it" is to pay off the loan and transfer the title to your friend.
Can a licensed teenage driver legally drive his parent's insured car in New York without being insured himself?
no
Can you be insured if you are legally blind but still own the car?
Yes, I know of just such a case.
Is the car insured or is the driver insured My sister has a license and is driving my insured car but her name is not on my policy. Can she legally drive my car if I give her permission?
no she has to be on your policy , or if you are full comperhensive and she hold an insureance policy . then you can give her permisson to drive your car under 3rd party only
Can you get a title loan on a financed car?
Legally, NO !!! can you, sure!! LOL
Does a car that's not registered have to have insurance in Virginia?
No. It cannot be driven on a public road. However, IF there is a loan on the car, the LENDER can require that it be insured until the loan is paid off.
