Re: Auto Insurance Question
Is this someone you know that is financing this car?
I personally would be leary of taking over payments, and as the owner I would definitely not let someone take over payments...as that my risk my credit score.
Do you have anyway to get financing? Does this mean you are buying more car than you can afford?
As far as the insurance, I would just call an insurance company and ask. I really don't know the answer to your question. I would think that you would need to have liability, but the owner of the vehicle may need to keep their collision insurance. Seems complicated and costly to me. Just my opinion.
Anyone else have thoughts or advice?
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