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If you cancel full coverage on a financed vehicle and transfer it as a gift will the new owner be required to get full coverage on the car?In: Auto Insurance |
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Answer
You cannot transfer the title while the lender has a lien on it and they will NOT release the lien until the loan is paid off. They will also NOT allow any names on the title that are not on the loan papers.
First answer by Tur Yadmaa. Last edit by Rfor. Question popularity: 36 [recommend question]
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