Want this question answered?
Well yes.... The car in question is already collateral for the first loan.
you cannot use it as collateral because you need to hold title of the vehicle however in this case the finance company has the ownership of the vehicle not you.............
No, there is no extra charges on an insurance policy for a financed vehicle. Only difference will arise in the paper works, and it will mention that the vehicle is hypothecated.
Legally? Yes.
Any lender requires insurance if the vehicle is financed.
put sugar in the gas tank
What is a Delaer?
yes it is illegal to shoot from a moving vehicle.
It isn't illegal to have two policies on the same vehicle, however it is illegal to try to claim twice for the same vehicle and the same incident.
NO, a lease is simply a contract like a loan. DEFAULT of either calls for repossession.
No
Insure?? yes, register? NOT unless your name is on the TITLE.