Without auto insurance, you would be responsible for paying off your car loan in full.
If your car is stolen and you do not have auto insurance, you would still have to pay off your car loan in full. Without insurance, the financial responsibility for the vehicle would fall entirely on you.
In the absence of insurance coverage, the lender or car dealership would not replace your car or cancel your loan obligations. It's crucial to have auto insurance to protect yourself financially in such situations.
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