Will a dealership take a car that you own but don't have insurance on? There is a Bonneville I can buy that is in decent shape, and I can buy it for next to nothing. I want to a buy a 2008 1 Ton truck, this fall. And think I could knock some of the price down with a vechile to put towards trade in. I wouldn't be driving this Bonneville anywhere besides the dealership and back. I'm wondering if they could take that car even though there is no insurance on it. And any other advice as far as buying a 2008 this fall.
2007-03-29 14:23:41 · 10 answers · asked by phily911diesel 2 in Cars & Transportation ➔ Buying & Selling
A dealer has no interest in your insurance on a car. You should be interested in knowing that you have liability.
If you test drive one of their cars, they should have coverage, but if you were to hit someone, it would be your responsibility for the other driver.
You should check with a dealer to find out if you can trade the Bonneville without it being registered in your name, or if the present owner's signature, turning ownership over to you will suffice. I doubt this will fly.
If it has to be registered in your name to do so, then you have to have first, liability insurance, safety inspection if required, licensed, registered, and titled in your name.
Good luck.
2007-03-29 14:46:41 · answer #1 · answered by ed 7 · 0⤊ 0⤋
Yes, in Ohio and West Virginia at least. Alot of what dealerships do depends on the laws in their sate and how willing they are to bend them.
For the most part, insurance laws in states are only concerned with if the car is driven. You don't have to have insurance on it to sell it, therefore when you sell it a dealer you don't need insurance on it either.
Also if the Bonneville you are looking at buying has alot of miles on it. i.e. over 120,000. The dealership will also give you next to nothing for it even if the care is a late model. So, just be sure to know how much it is worth to them. (best way to find out is to get a hold of a dealer black book, this has up to date informatin on wholesale prices of used vehicles.) Kelly and NADA will always be higher than what a dealer is willing to pay. Remeber that they want to make money and will do what they can to keep it.
2007-03-29 22:39:31 · answer #2 · answered by rasone77 3 · 0⤊ 0⤋
A better idea may be to buy the car and sell it yourself. You're bound to get more selling it than trading it in.
That way you have more money to put against the truck and lower your payments.
As others have said, the dealer could care less about you having insurance on your trade. They will demand insurance on the new one if you finance it. In fact, they will want to see the paperwork and proof of insurance before you drive it off the lot. Good luck.
2007-03-29 15:36:33 · answer #3 · answered by Fordman 7 · 0⤊ 0⤋
A dealer couldn't care less if you have insurance on the car you trade-in. It will have as soon as they take possession, it will be covered by their insurance. But they probably will require you to have insurance on the car you buy from them.
2007-03-29 14:34:57 · answer #4 · answered by Zeke 3 · 0⤊ 0⤋
As an owner of a dealership I can tell you that, yes a dealer can take an uninsured trade. Hope this helps.
2007-03-29 14:37:54 · answer #5 · answered by T D 1 · 0⤊ 0⤋
As long as you have the pink slip the dealership could care less about insurance
2007-03-29 14:31:39 · answer #6 · answered by Al Bunn 3 · 0⤊ 0⤋
1
2017-02-10 17:43:30 · answer #7 · answered by ? 4 · 0⤊ 0⤋
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2016-12-08 14:08:50 · answer #8 · answered by Anonymous · 0⤊ 0⤋
YES THEY DONT CARE IF YOU HAVE INSURANCE OR NOT. ALL THEY REALLY NEED IS THE PINK SLIP.
2007-03-29 14:43:50 · answer #9 · answered by truehye 2 · 0⤊ 0⤋
yes
2007-03-29 14:26:26 · answer #10 · answered by mlblinebacker 1 · 0⤊ 0⤋