Jenifer
portland,#2Consumer Comment
Mon, March 14, 2011
MOST vehicle finance operations REQUIRE you to carry full coverage insurance on the vehicle to protect their interests if something happens to the car. Seriously, if you had an accident and totaled the car and had no insurance on it, would you continue to pay the car note on a vehicle you weren't driving? Doubtful, and I know I wouldn't. If you check your contract, they are probaby very much within their legal rights to take the car back as you are not protecting their investment as you promised when you signed the paperwork. Its a breach of contract on your end---not theirs. I'm not saying it's good business practice to just come and take the car without trying to work with you, but it is their right as the lien holder on the vehicle.