If they signed the promissory note, then it is legal, and binding.
Yes, you can take out a loan for a vehicle for someone else and make the payments on it, but the only way you can put the vehicle in their name is if you have their permission.
Yes
Only if it can be proven that your vehicle hit their vehicle.
Let someone else take over the payments.
No. You are not entitled to a refund if you made payments toward the purchase of a vehicle. In truth, if you signed a contract to purchase the vehicle, that vehicle is now secondary to the contract, you could still be held responsible for the balance of the loan, whether or not you still have the vehicle.
IF you transfer the title and loan out of your name you are not responsible. IF NOT, and they don't make the payments, or have insurance on it, YOU are responsible for all aspects of the vehicle as you still OWN it. the name on the title & loan is the responsible party.
Not enough information is given. Promissory note for WHAT? To pay the towing bill? To prove ownership of the car? Is the towing company asking YOU to sign a promissory note? Re-word and re-submit the question.
You must talk to the lender who has a lien on the vehicle. It is up to them if you will be allowed to take over the payments.
Yes, a car dealership can sell a vehicle even if you have placed a deposit on it, unless there is a specific agreement or contract stating otherwise. Placing a deposit does not always guarantee that the vehicle will be held exclusively for you. It is important to clarify the terms of the deposit with the dealership before making any payments.
Contact the lender. They wil have to agree to this. After all they hold the lien to the vehicle, and legally it is their vehicle until you pay fo it.
They might be able to garnish your payments for the money that you owe them , but nothing more since vehicle has been repossessed.
it doesn't matter if the pope takes over your vehicle payments. if he stops making them, your credit is damaged and the vehicle is repossessed.