Submitted 276 days ago...
Turck
I went to get a new truck and traded my old one for $2500.00. the dealer told me that due to my credit not being so good that my monthly payments would be quite high. he told me to find a friend who had a little bit credit score than me. i did and my payments were lowered some what. now the registration is in their name and so is the insurance. i can not even get insurance at a better rate because they have the registration. they told me that they own the truck and if they want they can take it back? is this possible?
Answer 1 / 3
Submitted 276 days ago...
Answer 2 / 3
Submitted 275 days ago...
Answer 3 / 3
Submitted 275 days ago...
Yes, the truck is in his name. and legally, they own the truck. and if they took you to court of it, they would win. at this point you could try and buy the truck from him or something.
liveaboard is right, you should have had them co-sign the loan with you as the title owner, instead of what they did, by putting the title in your friends name.
or. just not had a friend co-sign and pay the higher interest rate.
but at this point, the other things i said no longer apply.
Answer This Question Now
If your Answer is chosen as the “accepted” answer, you will earn ongoing royalties on
this thread.
Simply type your Answer in the box below and post your answer.
How do i replace the heat and air inside my truck and put the duckwall back together on a 1997 chevy 1500 w/t 2wheel drive vortec v6.
I just bought a car from a dealer, signed the paperwork, got the monthly payments on paper, signed and got the keys. ive had the car for a few days now and the dealer called me today saying i need a co-signer now....
My fiancee has a fine to pay. his judge gave him an extra year of probation to pay it off she took his word that he'll pay it off mid january when he receives his income tax and she told him to pay what he...
This Question has not been awarded yet.
