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The same as they were before the accident. You owe the balance of the note loaned you. If you had full coverage auto insurance then you will likely have no need for concern.

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16y ago

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Is an auto insurance company responsible for the failure of safety feature malfunction in an accident of an auto they insure?

No. The maintenance of the vehicle is the responsibility of the owner. And, no, the bank is not responsible either because the bank only owns the loan, not the vehicle.


If you co sign for an auto loan and the person you co signed for is in an accident can you as the co signer be liable for injuries or damages?

No, you can only be liable for the loan. If the car was totaled and did not have insurance then you can be held responsible for the balance on the loan. Any accident or damages that occurred would be the responsibility of the driver/owner of the vehicle. All your signature did was say that you will pay the loan if the borrower fails to do so.


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Yes. It depends on their credit history and willingness to co-sign and take responsibility for your loan.


Can you get an auto accident lawsuit loan?

Yes.A plaintiff most certainly can obtain an auto accident loan for their case if of course the lawsuit is already filed. Lawsuit funding companies provide financing for auto accidents and nearly all personal injury cases. You can simply apply or call them to learn more on obtaining a non-recourse cash advance for your auto accident lawsuit loan.If you have been involved in an accident, you should seek an attorney immediately.


What is Ally Auto Financial lien holder address?

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What are the requirements for obtaining an auto loan with a cosigner?

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If you get an auto loan from the bank do you need full coverage?

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Are four wheelers under auto loan or personal loan?

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