Lets hope she does not have to learn the hard way on this one. I know when I got my first car loan I had to get full comprehensive and was advised to get loan insurance, which I thankfully did take up as I was made redundant about 6 months later.
That's what gets me - I would have thought the bank would have made her get fully comp!
And it just gets worse. I said to her then it might be worth paying the fully comp ins all at once with the rest of the 10k, and she hasn't paid the transfer fee yet (about $300), I noticed the rego expires in APRIL.....
I'm going to send her a budget and hope she sticks to it.
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