In other words say that the vehicle suffers major mechanical problems to the point where it can not operate much less start is there anyway at all to buy insurance to pay off the remaining financied amount?
2007-03-13 17:25:49 · 2 answers · asked by christain gurl 2 in Cars & Transportation ➔ Buying & Selling
Insurance? Not unless it is part of the dealer sale, a fitness warranty of some type. Insurance companies are not interested in insuring the mechanicals of the car. That would make insurance polices more expensive and harder to understand. As far as the actual repairs go, there are maintenance contracts and warranties that can be purchased.
2007-03-13 17:53:50 · answer #1 · answered by Fred C 7 · 0⤊ 0⤋
No, but there is insurance for vehicular repairs that the dealer will help you get, for in my case an older vehicle under 100,000 miles, but dont get suckered into an expensive one. I was told I had to buy the $2,000 insurance in order to be qualified by the banks loan. when in fact i didnt. If something catastrophic had failed like the tranny or the engine, they would have paid the majority of the cost. but nothing ever happened and I was out 2 grand.
2007-03-14 00:41:00 · answer #2 · answered by 4acee@sbcglobal.net 3 · 0⤊ 0⤋