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For the purposes of insurance, Yes.
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∙ 15y ago
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Can you get a title loan on a leased car?
No, because it isn't your car.
If you have a new leased car is there any way to get a loan to pay off your lease and possibly lower payments?
A leased car could not be used as collateral. If the loan amount were larger than that which the lending institution considered a "personal loan" the borrower would need to present property that would secure the debt.
What happens if a relative cosigns for a business loan and he dies?
my mother cosigned for a leased car for my sister. my mom has died. what do we do with the car? will my sister now be responsilbe?
If you leased a car out to a family member and the loan is not paid off an they are trying to skip town what do you d0?
If the loan is in writing as a legal document you can take them to court for breach of contract.
How does the primary borrowers credit get affected if the co-signer pays the entire the loan on a leased car?
It should have a good effect if its on time.
Where can one get low interest financing for a leased car?
One can get low interest financing for leasing a car either from the car dealer or the bank. The bank is likely to have lower interest rates and will accept the car as collateral for the loan.
What are the consequences of not paying off a leased vehicle?
heres an FAQ on that. http://www.automotive.com/auto-loans/36/loan-tips/car-leasing-faqs.html
Is a car loan considered a secured loan?
Yes, the vehicle itself is considered collateral and the lender remains on the title until the loan agreement is fulfilled.
Can a cosigner who is on the title of a leased car be sued for not paying any payments on the car when the primary leasee is paying off the loan?
First of all it would not be possible to be on the title of a leased vehicle, as the leasor retains ownership rights. A cosigner is only responsible for the debt if the primary borrower defaults on the lending agreement.
What rate is considered a cheap car loan in the UK?
A rate that is considered cheap depends on the nation and overall average rates of the competition. In regards to the UK, a cheap car loan would be around 2%.
Do you pay insurance on a leased car?
yes
When your car is leased when can it get repossessed?
When the lease expires
