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If you cancel full coverage on a financed vehicle and transfer it as a gift will the new owner be required to get full coverage on the car?

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Wiki User
2015-07-16 19:24:35
2015-07-16 19:24:35

You cannot transfer the title while the lender has a lien on it and they will NOT release the lien until the loan is paid off. They will also NOT allow any names on the title that are not on the loan papers.

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