How do I allow someone to make payments on a car? - hints on tilling bath room
I sell a car in 4000 to someone I know (not much, but enough) and want in the amount of 400 euros per month to the pay-off feature car and want to use the car and said it was ok for me in order to take the title. How do I solve this problem so that it can ensure the unity, and without liability to me? I intend to develop a market and be certified by the bank for the sale and agreement.
Any help, advice, suggestions greatly appreciated.
8 comments:
Easy-to a contract just like you who is the holder of the flax. If you have just joined the lein holder has no obligation at all. When you become a lein holder the status of a print title with a lein on it and depending on the state in which 90% of the electronic state in the title for the lady owner. It could even post a contract. Simply
You do not have quite sure. General Motors had no insurance on something that they financed. However, the buyer is obliged to have a full insurance coverage. Most states require the buyer to have full insurance when her a lein on the vehicle.
I still do not. You can not pay a penny to try and then you have to repo the car. It is not worth the headache.
Insurance is the responsibility of the respective registered owners. Since you are that person, you must keep safe. You could add costs to the monthly payment.
But if it comes in an accident, you go on your driving record. This means that your insurance will likely increase.
Not. If you hold the title, it will remain in your name, you are responsible for insuring their buyers and the insurance expires, the license will be suspended.
Send it to your bank, credit union, finance companies, regardless of pay for a loan of $ 4000, and then prints the title of the finance companies that sign as the legal owner, he and the registered owner and is completely out of the equation.
If your credit is so poor that they carried out wherever needed, may not want to lend money anyway.
no title, his name, as you can on this insurance. keep until the car has flourished.
no title, his name, as you can on this insurance. keep until the car has flourished.
Your friend can not get insurance on the car until the title is his name.
It must be for the insurance and take the title, are paid to the car. Take a friend to pay for the insurance and lending. Sign the contract that if the car is in an accident while driving, she said responsibility for the car. If you are from a sinking wreck of the motor.
The best way to avoid this problem is to save money and pay in full if you have all the money in cash. You are in a position to act as your bank.
If you have the title with his name, is selling the car. The only possibility would be to implement the work in the bank to cover the payments. You can not notarized, the bank will not have to, do so because they are responsible for paying for the car. The only way is to ask the bank for a loan transaction. The only thing she would have to be considered first.
No disrespect but not because of what you have written is just JERSEY everywhere.
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