kkyntmoon

What's up all

I have a question regarding honda finance and insurance...

IF I take the plates off the s2k and hand them in to the DMV, Do I stll need to insure it, If I'm using Honda Financing? Does Honda want the car insured no matter what even if you prove its off the road?

Thanks thumbsup.gif

04SuzukaS2k

They will want the car insured no matter what. Tornado, fire, vandalism, etc...

Otherwise, you will be in default on your loan agreement.

Eric

SoDakS2K

I have garaged my last two cars (the last four years) during the winter and I have had them both financed through Honda Finance. DO NOT call them and ask them if you can. Just call your insurance company and let them know you would like "storage" insurance put on the vehicle. All you should need is liability insurance. I think my storage insurance was $15 a month with a $250 deductible. I only saved a dollar or two by raising it to $1000 deductible. It might be different in your case, but it may not be worth it if something were to happen.

GpLhenS2000

Yes you need insurance bottom line,Honda Finance will advise you the same thing,any loss or damaged in your vehicle will come out of your own pocket w/o insurance.I drove my RSX for 8 mo w/o insurance..and it wasnt the best feeling in the world...also why would you drop off the plates @ DMV if you're still planning to insure it?

kkyntmoon

That is not what I was talking about, I wanted to take the plates OFF so the car wouldn't have to be insured. (I have my own reason for that) to prove to them that the car is not driving.

But anyway, I figured out something else I'm going to do.

Thanks for the replys all

SoDakS2K

[QUOTE=kkyntmoon,Sep 24 2004, 10:37 PM] That is not what I was talking about,

RedY2KS2k

I think you meant collision/comprehensive. Liability takes care of the damage to others if you are at fault in an accident. Comprehensive coverage would make the finance company whole if the garage the car is stored in burned down, taking the car with it.

If the car is leased, you probably have to maintain liability as well. It's probably one of the terms of the lease contract.

Now, if you own it free and clear, that's a different story.

SoDakS2K

Swally, simpson, slappy, swenson...samsonite! I was way off! Yes, I meant comprehensive. My S2000 is leased and I store it in the winter and carry just comp during that time. Honda hasn't complained...yet.