Jun
28
how does lender know if you don’t have adequate auto insurance?
Filed Under Insurance & Registration | 5 Comments
Mark G asked:
When you finance/lease a car, the lender requires comprehensive & collision insurance with a $500 deductible. How do they know if you have adequate coverage? Suppose you only have 300/100 liability. Secondly, if they find out what would they do?
Gabriel
When you finance/lease a car, the lender requires comprehensive & collision insurance with a $500 deductible. How do they know if you have adequate coverage? Suppose you only have 300/100 liability. Secondly, if they find out what would they do?
Gabriel
Jun
3
How do I remove an invalid lien holder from auto title?
Filed Under Insurance & Registration | 2 Comments
supergreen4life asked:
My son purchased a car and was led to believe he was financing the balance of the ‘purchase’ price. He was not given a copy of papers signed for supposed financing and was told they would arrive in the mail. The title never was issued and we went to the DMV to request a title which we received in a few days. On the title, a lien holder was listed. When I called them, they said they had not financed the car. This has the smell of a fishy deal.
Judith
My son purchased a car and was led to believe he was financing the balance of the ‘purchase’ price. He was not given a copy of papers signed for supposed financing and was told they would arrive in the mail. The title never was issued and we went to the DMV to request a title which we received in a few days. On the title, a lien holder was listed. When I called them, they said they had not financed the car. This has the smell of a fishy deal.
Judith