Kelvin
Moultrie,#2Author of original report
Sun, March 04, 2007
If I didn't drive the car til I got insurance wich were less than 2 weeks, then it should not have been taken away. Why did the company collected another payment from me before taken the car. I wish Scott would have took the vehical first and let me kept my money. I would a least have a way out the rain with my 2 year old and wife.
Mike
Radford,#3Consumer Suggestion
Thu, March 01, 2007
It's part of the contract on nearly all car loans. Having insurance protects the loan from losing money if the car gets wrecked or stolen. Most people will not be able to keep making payments on the car they lost and a replacement car at the same time, so it is almost certain that they will default on the loan in that case. If you don't keep the car covered with collision/comp, you are violating the loan contract. Even if your payments are current, they have the right to repo the car. They probably aren't allowed to require you to have 6 months of coverage, only have the car covered now. When insurance companies find out that you were driving without insurance, it will be very hard for you to buy insurance.
Mike
Radford,#4Consumer Suggestion
Thu, March 01, 2007
It's part of the contract on nearly all car loans. Having insurance protects the loan from losing money if the car gets wrecked or stolen. Most people will not be able to keep making payments on the car they lost and a replacement car at the same time, so it is almost certain that they will default on the loan in that case. If you don't keep the car covered with collision/comp, you are violating the loan contract. Even if your payments are current, they have the right to repo the car. They probably aren't allowed to require you to have 6 months of coverage, only have the car covered now. When insurance companies find out that you were driving without insurance, it will be very hard for you to buy insurance.
Mike
Radford,#5Consumer Suggestion
Thu, March 01, 2007
It's part of the contract on nearly all car loans. Having insurance protects the loan from losing money if the car gets wrecked or stolen. Most people will not be able to keep making payments on the car they lost and a replacement car at the same time, so it is almost certain that they will default on the loan in that case. If you don't keep the car covered with collision/comp, you are violating the loan contract. Even if your payments are current, they have the right to repo the car. They probably aren't allowed to require you to have 6 months of coverage, only have the car covered now. When insurance companies find out that you were driving without insurance, it will be very hard for you to buy insurance.
Thomas
Anderson,#6Consumer Suggestion
Thu, March 01, 2007
Many people DO drive in SC without car insurance but the penalties for being caught are high. The car dealers here want to see proof of car insurance before they give you a tempory tag or transfer your license plates to your new car. I suspect they would loose their business license if they knowingly let someone drive off in a new car without insurance. No business license = no income. GA may be very similar to SC, and GA may be even more strict than SC. Why don't you make sure you have ALL requirements satisfied BEFORE you proceed? If you know auto insurance is REQUIRED in GA why don't you arrange to have it before you go to buy a car?