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Save Assurance Agreement in DOC

Save Assurance Agreement in DOC

Aug 6th, 2022

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How to Save Assurance Agreement in DOC

4.6 out of 5

41 votes

When you buy a car with a loan, the bank holds the title while you are considered the owner. For example, if you have a car loan, the bank technically owns the title until you pay off the loan. You, as the borrower, maintain ownership rights: your insurance covers you as the driver, not the bank. You have the ability to sell or refinance the vehicle while the loan is active. Once you fully pay off the loan, the bank transfers the title to you, officially making you the sole owner of the car. This arrangement is common in car financing.

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