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re: DMV sent me title to new truck. My bank should be lienholder

Posted on 1/1/15 at 9:51 am to
Posted by Meauxjeaux
98836 posts including my alters
Member since Jun 2005
40491 posts
Posted on 1/1/15 at 9:51 am to
Don't call anyone.

Cut your insurance down to liability only. Invest the savings. Pay the loan. Enjoy the windfall.
Posted by lsufan1971
Zachary
Member since Nov 2003
18528 posts
Posted on 1/1/15 at 12:45 pm to
quote:

Cut your insurance down to liability only. Invest the savings. Pay the loan. Enjoy the windfall.


And when the bank gets the notice that his insurance has dropped they will pick up a policy to cover their financed asset. They will charge the cost back on the loan. The policy will also be twice as high as what you could buy yourself.
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