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Stockvx
09-02-2007, 04:21 AM
if someone were to take over payments for me as in, i sell the car to them, for them taking over payments for me, how could the car be insured under their name? Any info would be awesome. Thanks.

Owens
09-02-2007, 04:33 AM
This kind of question can best be answered by your insurance company. I know Allstate now has that "Car is insured, no matter who drives it" policy, as where USAA does not. Infact, thats kind of a problem I am having. Someone else was driving my car and was hit head on at about 15 miles per hour, and now I'm stuck with a fucked up civic because some old lady hit the front of my car while my friend was driving it.

Generally, just letting someone take over payments for your car, and you simply giving it to them while the title and registration is still in your name is an over all bad idea, even for family members.

Golden He@rt
09-02-2007, 04:58 AM
why is this a bad idea? and who is it a bad idea for? the person taking over payments or the person that is selling the car?

1 point 6
09-02-2007, 10:11 AM
plus if the person defaults on the loan, they just fucked your credit.

boostedrex
09-02-2007, 03:55 PM
x2^^^