My husband has applied to a company ( without my knowledge), that Leases Trucks ( he is a OTR Truck Driver). The lease runs from 3-5 yrs. Payments run from 2K -up. I want to know if I would also be responsible. How would I protect myself.Would I also be held responsible for the payments on a Truck that my husband is going to Lease?
If your name is on the lease contract as a co-lessor, yes, you would be responsible.
If your name is not on the lease, you have no liability.Would I also be held responsible for the payments on a Truck that my husband is going to Lease?
Depende if he had to list assets or provide collateral (maybe joint?) to qualify for the lease. Make sure u r not listed in the lease and there is no lien on any jointly owned assets(like a house)
Financed cars is more expensive to insurance cause it requires full coverage. You can compare how much you would pay for full coverage of this car using this tool - carinsurance.deep-ice.com
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