2007-08-23 15:44:00 · 6 answers · asked by ? 2 in Cars & Transportation ➔ Insurance & Registration
Yes b/c it's a violation of the lease/loan contract and any violations can and will prompt a reposession. It's the finance companies car until the the lease/loan is paid in full.
2007-08-23 17:28:03 · answer #1 · answered by bundysmom 6 · 2⤊ 0⤋
Basically, you are in violation of a signed contract. They could say they repossessed it to protect their interest. You don't really own the car yet.
2007-08-23 17:19:32 · answer #2 · answered by sensible_man 7 · 0⤊ 0⤋
Yes, failure to provide required insurance coverage would be a default in your contract.
2007-08-23 18:23:46 · answer #3 · answered by Scott H 7 · 0⤊ 0⤋
They don't do that. If you don't prove it's insured, they will insure it FOR you, at a MUCH higher cost, and then add it to your loan.
Then you will also be paying INTEREST on that overpriced ins.
Better take care of the ins yourself.
2007-08-23 15:52:46 · answer #4 · answered by Trump 2020 7 · 2⤊ 0⤋
yes
2007-08-23 15:50:37 · answer #5 · answered by October 7 · 0⤊ 0⤋
Yes, they can.
2007-08-23 16:27:33 · answer #6 · answered by Anonymous · 0⤊ 0⤋