You bet!...
or you cant demand your money back
(any way, you can sue people for just about anything these days. the question is, is it a smart idea?)
Could you be give us a little more info?? Whose car is it??who is making the payments???
Are you interested in buying a car through a financing plan where you make payments over time?
The best place to go for advice about someone taking over car payments is the local bank. They will be able to offer advice about what to do if someone is no longer able to pay their car payments.
Yes, all the bank cares about is that someone is making the payments.
You can have someone take over the payments if they meet the credit requirements of the bank you have the financing with. You might also be able to get someone that wants your car to get their own financing to pay off your car.
When you fail to make payments, they go after the co-signer. It can affect his credit. If he makes the payments he can take the car. You wouldn't want to make payments for someone else's car.
Yes, there are legal considerations to keep in mind when selling a car to a friend and allowing them to make payments. It is important to have a written agreement outlining the terms of the sale, including the payment schedule, interest rate (if any), and consequences for missed payments. Additionally, you should transfer the title of the car only after the final payment has been made to protect yourself from any potential disputes or liabilities.
You have to sell the car. If you give it back, it will still look as a repossesion...a voluntary repossesion. You do not want someone to take over the payments,as there is no guarantee that the payments will be made on time. Sell the car or try to refinance the balance, it is the only way. Good Luck..
In some states she can transfer her car to you with no tax payments. Contact your local DMV about this.
To write a contract for selling a car with payments, include details such as the buyer and seller's names, car description, payment terms, interest rate (if applicable), payment schedule, consequences of default, and signatures of both parties. It's important to be clear and specific to avoid misunderstandings.
If you had a written agreement that they would pay you "X" amount of $$ per specified (time period) then they are still liable to make the payments. You should not give them a refund of the money ... they defaulted on a written promise to pay ... they are out the $$ ... you get to keep the car and the money.
Yes, someone can cosign a car lease for you. This means they are agreeing to be responsible for the lease payments if you are unable to pay.