If you are leasing your auto or continuing to pay on a financed loan from the dealership they are still part owner of the automobile. Thus to protect the lienholder's (which might be the dealership's finance department in your case) interest in the vehicle, many insurance companies will cut the settlement check in both your name and an additional payee which would be the lienholder.

In order to cash the check contact your lienholder's customer service department to arrange a way in which for them to endorse the check. Once this is done you can depsit the check into your account.

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