Quote:
Originally Posted by mcrews
you cant repose a car because of no insurance.
as the 'lender' you can take out third party ins.
your wrong. good luck
you wanted concise!
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Any lending service in business more than a month or with more than one branch will include in the terms, that they (consumer) forfeit the vehicle if insurance is ever dropped. A dear friend collects on auto loans, and is immediately notified when the vehicle is no longer covered.
For this situation? Ehh, I just wanted a show to go with my popcorn. Seriously, I was just eating popcorn.