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Taking over car payments?

828 Views 3 Replies 4 Participants Last post by  Sentra Styling
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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2001 SE Auto PP Radium
Someboday Slap Me Pleaseee - For not getting a Manual Transmission
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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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Plain Jane Cappuccino SE
with Auto
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).]
2
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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