Ok here's the deal, im 18 yrs old and i currently financed a vehicle with the assistance of my mom. I agreed to pay for the car and most of the insurance. I financed the car with the plan of paying only general liability car insurance. After signing the car from the used car dealer, it came to my knowledge that i will have to get FULL coverage auto insurance. The reason behind this is because i need to protect the auto loan that i got to finance the vechicle. It is impossible for me to pay for full coverage of this vehicle as i called for a qoute and learned that i would have to pay an insane 300-400 a month. I dont know what to do, im going back to the dealer to explain the situation and hope he will be willing to get the car back. If the dealer wont agree to get it back, what are my options? Can i sell the car privately and pay off the loan with the money i get from selling it? My goal is to just buy a really cheap car straight up and only pay for general liability insurance. Help!
2007-02-17 17:23:45 · 8 answers · asked by Milosenpotion 4 in Cars & Transportation ➔ Buying & Selling
If you sell the vehicle privately then you will probably get much less money than you invested in it. As far as the insurance goes, you may want to try getting a quote online. I am paying less than ½ of what I was before.
Go to: http://www.insureme.com/landing.aspx?Refby=615451&Type=auto
Take care,
Casey
2007-02-19 07:04:40 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I recommend that you try this web page where you can get quotes from different companies: http://INSUREQUOTE.INFO/index.html?src=1YAepmkhCL20
RE :I need help with car insurance please!?
Ok here's the deal, im 18 yrs old and i currently financed a vehicle with the assistance of my mom. I agreed to pay for the car and most of the insurance. I financed the car with the plan of paying only general liability car insurance. After signing the car from the used car dealer, it came to my knowledge that i will have to get FULL coverage auto insurance. The reason behind this is because i need to protect the auto loan that i got to finance the vechicle. It is impossible for me to pay for full coverage of this vehicle as i called for a qoute and learned that i would have to pay an insane 300-400 a month. I dont know what to do, im going back to the dealer to explain the situation and hope he will be willing to get the car back. If the dealer wont agree to get it back, what are my options? Can i sell the car privately and pay off the loan with the money i get from selling it? My goal is to just buy a really cheap car straight up and only pay for general liability insurance. Help!
Follow 10 answers
2016-08-11 05:36:13 · answer #2 · answered by Brande 5 · 0⤊ 0⤋
I recommend you this site to get quotes - INSURANCEGRADES.INFO-
RE I need help with car insurance please!?
Ok here's the deal, im 18 yrs old and i currently financed a vehicle with the assistance of my mom. I agreed to pay for the car and most of the insurance. I financed the car with the plan of paying only general liability car insurance. After signing the car from the used car dealer, it came to my knowledge that i will have to get FULL coverage auto insurance. The reason behind this is because i need to protect the auto loan that i got to finance the vechicle. It is impossible for me to pay for full coverage of this vehicle as i called for a qoute and learned that i would have to pay an insane 300-400 a month. I dont know what to do, im going back to the dealer to explain the situation and hope he will be willing to get the car back. If the dealer wont agree to get it back, what are my options? Can i sell the car privately and pay off the loan with the money i get from selling it? My goal is to just buy a really cheap car straight up and only pay for general liability insurance. Help!
2014-08-23 06:48:03 · answer #3 · answered by Anonymous · 0⤊ 0⤋
There is no way to get out of it from the dealer or the bank. Usually its all about making a dollar and from a business standpoint, it would be stupid for the dealer to take it back. Unless.......you worked out some sort of deal and they were getting something out of it. The bank will require the full coverage always in this situation because it covers them in case of a wreck. You may be able to find cheaper insurance though. Try this website - www.automotive.com/Auto-Insurance - and you can find tips, quotes, and coverage types.
2007-02-21 10:24:31 · answer #4 · answered by i_am_bocephus 3 · 0⤊ 0⤋
i financed a car through a dealer... and we got full coverage insurance at the very beginning... and then we changed to to liability... the dealer wont know... now if you had financed through a bank that would be a different story... you have to have full coverage... thats the situation with my boyfriend... but i just got to where i couldnt even pay for insurance... and nothing ever happened.... other than getting a ticket for no insurance... but the dealer i dont think is really worried about it.. as long as they get your money for the car....
2007-02-17 17:47:14 · answer #5 · answered by twobabyboys21 2 · 0⤊ 0⤋
I found this http://wiz.sc/ilTleW article on car insurance which offers information as well as advice and tips etc, hope it helps.
2007-02-20 15:05:56 · answer #6 · answered by gooner1212 3 · 0⤊ 0⤋
Try AAA. They gave me a pretty good deal,and coverage is for a full year.
2007-02-17 17:30:34 · answer #7 · answered by jtm12567 1 · 1⤊ 0⤋
initally get full coverage then after its registered change the coverage to liability
2007-02-17 17:27:39 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Find the best offers for you at: COVERAGEQUOTES.NET
2014-06-26 21:19:27 · answer #9 · answered by Anonymous · 8⤊ 0⤋