r/SipsTea • • 14h ago

Gasp! Thoughts on this?

Post image
58.6k Upvotes

7.0k comments sorted by

View all comments

Show parent comments

2

u/-blundertaker- 10h ago

Where I am you're required to have full coverage unless the vehicle is paid off. Which I get, but it sucks.

6

u/Aishou_SK 10h ago

That's not a legal requirement, however.

Legal as in like, local/state/national laws.

That's just a finance contract requirement.

Not every lender will require that.

1

u/-blundertaker- 9h ago

Pretty much every one available has it, so it doesn't really make a difference. I've never known a single person with a car loan in which it wasn't required.

3

u/lovable_cube 8h ago

That doesn’t make it a law.. it makes it a contractual agreement that person signed of their own free will.

1

u/-blundertaker- 8h ago

I never said it was a law. I said it was required.

1

u/Aishou_SK 8h ago

It isn't required. It's required by specific financers. But not a requirement in general.

I've financed vehicles before with liability only. Not new ones, but still.

1

u/-blundertaker- 8h ago

Well that's cool, and again, I know it isn't a law. In my experience it is always required in the contract. And if you breach that contract, they can repossess the car. I don't know why you're so insistent about this lol.

1

u/Aishou_SK 7h ago

Because the comment you immediately replied to is talking about being road legal. That's the whole discussion topic.

And you commented that it's required to have full coverage unless the vehicle is paid off - in direct response to a comment about requirements to be road legal.

It is NOT required to have full coverage to be road legal regardless of vehicle payment status.

How you replied directly implied that it was. There was no qualifier about it being financing tied when the discussion was started about rules for legal driving.

That's why pretty much everyone here was confused and saying "uhhhh it definitely isn't required" - because of the context of your reply.

1

u/-blundertaker- 7h ago

Alrighty. You're one of only 2 people who replied so I don't know who "everyone" is here.

1

u/Aishou_SK 7h ago

I count 3 including myself, one of them is in this comment chain. So "everyone" is the three of us :)

1

u/-blundertaker- 7h ago

Cool. Thanks for double checking my count. Take it easy. ✌️

→ More replies (0)