Quote:
Originally Posted by pornguy
Funny thing is, here you can and will get help from a bank for insurance. They will give you 1 year for free and 2 more at HALF of what you would normally pay. Its honestly in their best interest.
Now Lets say he decides to keep the car, 3 or more months down the line it gets totaled. He has NO insurance.. He still owes the bank and they can not collect, and they dont have a car worth a damn..
They should have helped him.
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Not realistic. Look at it through the banks eyes...
They would rather just collect the car back and move forward cutting their losses. They just wont EVER loan to this guy again and do their best power to let others know not too aswell.
If they paid for his insurance they would have to pay for everyones, banks are in business to pay peoples insurance, they are in business to make loans. If he goes without insurance and the car gets totalled, yes they then WILL come after his money in every way. I think if he just gives the car back nothing else will happen. Here in the U.S. anyway.
