Quote:
Originally Posted by talwell
I dont mean for him to take the loan - but to actually completely purchase the car and allow him to pay the loan off to him rather than the bank. This would be a family thing - I would not encourage this for anyone outside of family and your name should also be on the paperwork and title of the vehicle.
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I've done that.. But then it can get tricky.. Pretty much the Father would be the lein holder and have to pay the car cash, and on the contract the father would actually have to be down as a lien holder. Very complicated.