Quote:
Originally Posted by FrozenJag
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.  |
Thats the thing. They have the option of doing Self Insured work.
In the long run it would be better for them to do this. the banks here do and do DAMN well with it. Because when they get you on the free one for the car, they also get you on a discounted home and personal injury etc etc etc.