Joining the winter club - Toyota GR86, 86, FR-S and Subaru BRZ Forum & Owners Community

Bu-Tang · 11-09-2012, 04:38 PM

Sooo turns out I can't put parking insurance on the car while it's being financed, funny cause kinda figured that when I bought the car, but with that being said my prelude decided this morning it wanted too be high maintenance. My Uncles shop is so busy I can't get in there to fix it so I ordered winters this afternoon, im just waiting for my buddy to come give me a lift with my rims to my uncles place to swap the rubbers

Funny how now that its not optional I'm excited too drive the FRS all winter

Sent from my SGH-I727R using Tapatalk 2

thorlius · 11-09-2012, 07:44 PM

Who has the issue with that? The financer or the insurer? My trade-in car for the FR-S was also financed, and when I told my insurer (TD) I was garaging it last winter and wanted to take off liability, they asked me to make sure with the financer (BMO). When I called BMO they seemed baffled they were being asked the question, as if they had no idea why they should even care.

TL;DR - I had no issues with "parking insurance", why are you having them?

Apoc · 11-09-2012, 09:57 PM

Honestly I am loving my FR-S in the snow. I put on some suby steel rims with continental winter extremes and am making Calgary winter my biotch.

DR 86 · 11-10-2012, 01:14 AM

Lol, meanwhile here in Toronto, I still have my summers on (winters on standby on 16" Subie steelies) and hope to keep them on for another 2-3 weeks.

jsooke · 11-10-2012, 12:17 PM

Generally the finance company does not know what type of insurance you carry after you have bought the car and paid for the first insurance coverage. At least here in BC we do not get informed of any changes in insurance coverages (I am in the finance industry).
That being said, if you do not carry correct insurance to cover the loss of the vehicle you would not be keeping up with your terms of financing and I guess they could call the loan; not likely to happen though.
You will want to make sure that if there is any type of loss of the car (theft or fire) that you (and the finance company) are covered.

Jay

_F-R-S_ · 11-10-2012, 12:21 PM

Keeping my summer tires on all winter and when it snows i get to call outta work

Bu-Tang · 11-12-2012, 02:51 PM

Quote:

Originally Posted by thorlius

Who has the issue with that? The financer or the insurer? My trade-in car for the FR-S was also financed, and when I told my insurer (TD) I was garaging it last winter and wanted to take off liability, they asked me to make sure with the financer (BMO). When I called BMO they seemed baffled they were being asked the question, as if they had no idea why they should even care.

TL;DR - I had no issues with "parking insurance", why are you having them?

RBC, I called them 3 times and got 3 different answers to far, Im going into a branch tmr so talk to someone in person, 2 of the 3 times I called there were also baffled as to why I called to ask if I could change my coverage, so I guess its a bit of a grey area for me for the moment.

But Apoc I agree, driving in winter is fun as hell, minus the god dam rocks!

11-09-2012, 04:38 PM	#1
Bu-Tang Senior Member Join Date: May 2012 Drives: 2013 Scion FR-S, Nissan Pathfinder Location: Calgary AB, Canada Posts: 404 Thanks: 189 Thanked 212 Times in 96 Posts Mentioned: 12 Post(s) Tagged: 0 Thread(s)	Joining the winter club Sooo turns out I can't put parking insurance on the car while it's being financed, funny cause kinda figured that when I bought the car, but with that being said my prelude decided this morning it wanted too be high maintenance. My Uncles shop is so busy I can't get in there to fix it so I ordered winters this afternoon, im just waiting for my buddy to come give me a lift with my rims to my uncles place to swap the rubbers Funny how now that its not optional I'm excited too drive the FRS all winter Sent from my SGH-I727R using Tapatalk 2

11-09-2012, 09:57 PM	#3
Apoc Senior Member Join Date: Jul 2012 Drives: Raven FR-S 6M Location: Calgary, Canada Posts: 638 Thanks: 348 Thanked 375 Times in 232 Posts Mentioned: 3 Post(s) Tagged: 1 Thread(s)	Honestly I am loving my FR-S in the snow. I put on some suby steel rims with continental winter extremes and am making Calgary winter my biotch. Last edited by Apoc; 11-10-2012 at 10:41 AM.

11-10-2012, 12:17 PM	#5
jsooke Member Join Date: Oct 2012 Drives: 2013 BRZ Sport-tech Yellow Location: Vancouver Island, BC Posts: 82 Thanks: 6 Thanked 87 Times in 16 Posts Mentioned: 1 Post(s) Tagged: 1 Thread(s)	Generally the finance company does not know what type of insurance you carry after you have bought the car and paid for the first insurance coverage. At least here in BC we do not get informed of any changes in insurance coverages (I am in the finance industry). That being said, if you do not carry correct insurance to cover the loss of the vehicle you would not be keeping up with your terms of financing and I guess they could call the loan; not likely to happen though. You will want to make sure that if there is any type of loss of the car (theft or fire) that you (and the finance company) are covered. Jay __________________ 2010 Subaru Forester XT (TSD Rally and RallyX) "There is no dishonour in losing the race. There is only dishonour in not racing because you are afraid of losing" Garth Stein, The Art of Racing in the Rain

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11-10-2012, 01:14 AM	#4
DR 86 Senior Member Join Date: Oct 2012 Drives: 2013 FR-S Location: Toronto Posts: 292 Thanks: 17 Thanked 76 Times in 60 Posts Mentioned: 2 Post(s) Tagged: 0 Thread(s)	Lol, meanwhile here in Toronto, I still have my summers on (winters on standby on 16" Subie steelies) and hope to keep them on for another 2-3 weeks.

11-10-2012, 12:21 PM	#6
_F-R-S_ Banned Join Date: Aug 2012 Drives: 13 whiteout scion frs Location: Baltimore Posts: 1,261 Thanks: 621 Thanked 202 Times in 155 Posts Mentioned: 6 Post(s) Tagged: 3 Thread(s)	Keeping my summer tires on all winter and when it snows i get to call outta work

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