Taking over car payments?

828 Views 3 Replies 4 Participants Last post by Sentra Styling, Feb 12, 2001

SentraMan

Discussion Starter · Feb 12, 2001

Hey,

Has anyone here ever taken over payments (car loan) from someone and had some take over from you?

What's it all about Alfie?

My brother has a Honda that's slowly dying on him and is short on cash and credit. I WANT either the SE-R or the V car (and this time it'll be a manual).

I'm thinking maybe I can have him take over the payments and get that R or V, hoping his car will last long enough.

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adc100

· #2 · Feb 12, 2001

I don't know man, but whatever you do, it right and legal. In the worst case he could have your car and you his payments. Good luck.

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2000SE

· #3 · Feb 12, 2001

exactly what adc said. brother or not, it's your ***. also, if the loan is in your name, you may not be able to get another loan for the spec-v. just something to keep in mind.

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[This message has been edited by 2000SE (edited February 12, 2001).]

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Sentra Styling

· #4 · Feb 12, 2001

also something to keep in mind,,,you actually have to apply for credit which means if your credit is worse than your bro's(not saying it is

) but you might end up getting a different interest rate meaning you might pay more....

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