A buyer is the primary person responsible for purchasing a car and is legally obligated to make payments. A co-buyer is someone who shares the responsibility for the car loan and is equally liable for payments if the buyer fails to pay.
Well, it depends how the title was written. if it says buyer "or" cobuyer you dont need the other persons signature for anything .... if its written with "and" between your two names, u will have to have both people present to complete any removals or transfers. That or you can have the cobuyer sell u the car. They will still need to be present though.
A co-buyer is jointly responsible for the loan and owns the vehicle, while a co-signer is only responsible for the loan if the primary borrower fails to make payments.
If the buyer does not pay the loan, then the lender comes after the co-signer. Late payments affect both credit reports. Most recommendations are not to co-sign a loan.
A purchaser is a consumer buy a product for his/her personal use. A buyer is a trader (mostly) who purchases a product for trading.
You don't. If the cobuyer has possession of the vehicle and is no longer making payments, you as the buyer may take possession and either take up and make current the payments, or voluntarily surrender the vehicle. Failure to do so will result in repossession, and will adversely affect your credit.
no
What's the different between a buyer and a senoir buyer
Yes
A purchasing agent doesn't work for the company. A buyer works as an employee for the company. Buyers and agents can work together.
Well, it depends how the title was written. if it says buyer "or" cobuyer you dont need the other persons signature for anything .... if its written with "and" between your two names, u will have to have both people present to complete any removals or transfers. That or you can have the cobuyer sell u the car. They will still need to be present though.
The difference between Buyer I and Buyer II typically lies in their level of experience, responsibilities, and decision-making authority within procurement or purchasing roles. Buyer I is often an entry-level position focusing on routine purchasing tasks and assisting senior buyers, while Buyer II usually entails more complex purchasing responsibilities, including strategic sourcing, vendor negotiations, and managing larger budgets. Buyer II may also require a higher level of expertise and experience in procurement processes.
No, but there is no need for recourse. Under the law, the difference between the buyer and cobuyer, the signer and cosigner, the maker and comaker, the debtor and codebtor is negligible. They are simply different terms use to identify two separate parties who are eaually repsonsible for a debt.
Buy cobuyer I wonder if you mean cosigner on a loan. If this is the case then the answer is no. As a cosigner you are simply agreeing to pay the loan if the person who took it out does not. It is in his or her name and you are responsible for it if they do not pay it.
IF your name is on the TITLE as buyer or cobuyer, you have the right to POSSESSION. Do you know where the car is? Do you have a key?
Prime Vending Purchasing is a formal or informal agreement between a buyer or a vendor for a single vendor to supply the majority of products needed by the buyer.
Daughter and husband are getting divorce and she is the co-buyer can she take it out of state
hola, my name is nabilla hana.queen of nabilland.to all my nabians! what is the difference between institutional buyer and government buyer. regards, your queen. HAIL HYDRA!!