The bank added a couple thousand dollars to my car loans because I don't have insurance. The bank has told me before that if I provide proof of insurance, they will deduct the money they added on. My problem is I can't afford both the payments AND the insurance. I'm trying to sell my car, but with all the money the bank added on, no bank will approve a loan for that high amount. My question is if I have someone ready to buy my car, if it's LEGAL for them to get insurance in THEIR name for MY car? The way I'm thinking, not sure if it'll work, is they get the insurance, the bank takes off the money they added, then the bank approving the loan for the amount of the car. If anyone is confused, please feel free to IM me.
2007-02-16
15:03:36
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6 answers
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asked by
Wondering
2