Does every bank/dealership require you get collision on your insurance when you take out a loan? Can it ever be optional? I am looking at a 2001 C class and I don't feel the extra 1k a year is worth it for a $2500 deductible on collision.
Former Vendor of MBWorld
As far as I know any loan/lease requires it to protect the asset you are borrowing against.
Because THEY own the car and THEY choose to have it insured.
You've only promised to buy the car from them--unless you actually buy insurance and prove it to them you haven't promised to fix any damage.
You've only promised to buy the car from them--unless you actually buy insurance and prove it to them you haven't promised to fix any damage.
Super Member
In almost all cases, the party that actually owns the car will require that you carry Collision. The only thing that you can do to offset the price as much as you can is to carry a high deductible. It looks like you've pretty much done that with a $2,500 deductible.
