so my friend in california says that any time you buy a car in california they can not require you to have full coverage insurance unless its a new year model. I dont think this is true, but since i dont live there i cant say for sure.
anyone want to set me straight here? as far as i know any group that finances an auto requires full coverage insurance since the auto is still under the ownership of the dealership or bank. |
coooome on.. :( someones gotta know!
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I'm thinking that if the money is borrowed from a bank then they require for you to have Insurance, that way they get there money back if you ride off the car. Well at least that's what happens here.
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if you finance a car then you have to have full coverage. the bank doesnt want to loose their $$. if you buy the car cash, they dont care if you have insurance or not
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yes if the car is being financed, u must have full coverage on the car at all times. if you pay the car in full, then u need at least liabilty to drive it off the lot
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and this is true in california, correct. I know in washington its that way.
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Same here.
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