If after you get your car repo'd the finance company finds out that you let your insurance lapse. Will they still let you get your car back?
2007-09-27 07:04:11 · 7 answers · asked by stella 2 in Cars & Transportation ➔ Insurance & Registration
First off you are going to have to pay back everything you owe on the car and probably more because they are going to tack on fees because they had to repo it...then they are going to make you provide proof of insurance and when you dont have it they are not going to give you the car back....look at your contract I promise that somewhere in there it says that you agree to keep insurance on the car at all time, more than likely since you are in breach of the contract (multiple times) you are going to see them again in court.
2007-09-27 07:17:22 · answer #1 · answered by Angela F 5 · 0⤊ 0⤋
I don't personally know, but I'd say that not having insurance on your has nothing to do with the finance company so long as they are getting paid. However, if they are the lien holder then they may and more than likely can require that you carry auto insurance and show proof before returning the car for the simple fact they want to make sure it will still be in good condition if they take it back and keep it. If you have insurance and wreck it, it is more likely to be fixed than if you have no insurance at all.
2007-09-28 02:02:25 · answer #2 · answered by mvngs 4 · 0⤊ 0⤋
You will have to pay all monies owed plus other fees that have been added. Failure to do this will result in the car being sold at auction. You are also still resposible for the money owed if the car didn't bring enough at the auction.
If you pay all of the money owed, then you can get the car back, they will not care any longer, since you will not owe them anything and they have no further interest in the car.
Don't wait too long however, they won't keep the car that long before it goes on the block.
good luck.
2007-09-27 07:36:17 · answer #3 · answered by Fordman 7 · 0⤊ 0⤋
when my daughter had her car repossessed she had let the insurance lapse. she payed up all she owed, including late fees, towing charges, storage fees and whatever else they tacked on-an expensive lesson. that was almost two years ago and she has since paid the loan off and she does have insurance. the answer to your question is yes if they did not sell the car at auction. if they did and they did not get enough to pay off the loan you are still obligated to pay the balance due. do not wait too long-call and find out. one more thing she only had to make the payments to make the loan current not the full balance owed + all the other fees. she made the rest of her payments ahead of time to pay off the loan.
2007-09-27 07:19:14 · answer #4 · answered by nj2pa2nc 7 · 0⤊ 0⤋
Um, your car was repo'd dude, I don't think you're not getting it back, insured or not...
2007-09-27 07:13:51 · answer #5 · answered by LitlBit 3 · 0⤊ 0⤋
They send Jack Bauer out to kill you.
2007-09-27 07:17:48 · answer #6 · answered by eateverywhale 2 · 1⤊ 0⤋
Only if you obtain coverage again. And they will be checking closely.
2007-09-27 07:07:33 · answer #7 · answered by soaplakegirl 6 · 0⤊ 0⤋