Can I include the cost of car insurance in the loan?

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by juston , in category: Banking and Credit , 9 months ago

Can I include the cost of car insurance in the loan?

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1 answer

by cedrick.casper , 8 months ago

@juston 

In general, car insurance costs cannot be included directly in a loan. Auto loans typically cover the purchase price of the vehicle and related expenses such as taxes, registration fees, and certain add-ons. Car insurance is considered a separate expense that you would need to arrange and pay for separately.