I am financing my VW Passat and dont have money to pay for the auto insurance. Will they take away my car? somebody told me that the bank will use their insurance company (which is very expensive) and send me the bill..i didnt pay all my credit card bills for 2 months and i am receiving calls from collection agencies. I still make car payments..just want to know what will happen with insurance and for how long will I be able to drive my car if I will make payments for the car? Thank you very much!!!!!!!

关注：auto, Dont, Financing, Have, Insurance, Money, Passat, Take, They, Will

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4 Responses to “I Am Financing My Vw Passat And Dont Have Money To Pay For The Auto Insurance. Will They Take Away My Car?”

1. Kids Easel Says:
   七月 31st, 2009 at 11:10 上午

   If you can’t pay the insurance, then you can’t afford and shouldn’t be financing the car. Simple as that.
   Any financing company is going to require that you have auto insurance. You’ll pay for it one way or the other, and you’ll certainly get a better deal if you buy it on your own.
   Why in the world would someone who hasn’t paid credit card bills in 2 months decide to finance a car that they can’t afford insurance on? You sound like an incredibly irresponsible person. Having financial problems in this economy doesn’t make you a bad person. However, digging yourself into a deeper hole and making poor choices makes you a stupid and irresponsible person.

2. car253 Says:
   七月 31st, 2009 at 11:46 上午

   Shop around. Just take liability, comprehensive and collision. That is all the law and the bank require.
   Take a $1,000 or $2,000 deductibles on the comprehensive and collision. That will give you lower premiums for the auto insurance. Something is always better than nothing. And, at least the bank will not force insurance on you.

3. Howard L Says:
   七月 31st, 2009 at 1:18 下午

   You have it correct. The bank will buy expensive insurance for you and add the insurance payment to your existing loan payment. As long as you remain current on the payments they won’t take your car. Bank policies on time to repossess vary but if you fall behind you have at most three months.

4. Mike P Says:
   七月 31st, 2009 at 5:38 下午

   carquotes.fateback.com – try this one. I personally have their car insurance, cause it is the cheapest for me in our area.

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