Trappe, Maryland; Town: Motto(s): 19th Century Charm - 21st Century Progress Location of Trappe, Maryland: Coordinates: Coordinates: Country United States: State Maryland: County: Talbot
When buying new cars, if you ignore our advice and you trade in a used car which you still owe money on, insist that the dealer put in writing that they will pay off your car loan in 10 days or no deal. Then the dealer is liable because you took steps to protect your rights up front.
Some states require insurance companies to give new car owners even more time. But instead of gambling on the 14 to 30 days, contact your insurance agent and find out if you have adequate coverage before driving off with the new car, says Tully Lehman, a spokesman for the Insurance Information Network of California. Doing so can help you uncover possible coverage gaps.