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Purchasing Question...

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Old Nov 5, 2006 | 10:16 AM
  #1  
Draconius's Avatar
Draconius
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Default Purchasing Question...

So lets say you are going to buy a vehicle and the person still owns payments. How do you go about taking over the payments? Or if you can't just simply take payments, whose credit would be affected?

If anyone has any info on this please enlighten me.
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Old Nov 5, 2006 | 11:34 AM
  #2  
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my guess woud be that you would get a loan that would completely pay off the other guys payments plus whatever he had already paid on the car. then you would pay for the loan you just took out. i'm probably wrong though.
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Old Nov 5, 2006 | 01:23 PM
  #3  
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so you're getting a motorcycle, eh?
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Old Nov 5, 2006 | 01:40 PM
  #4  
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is the vehicles title on him or the bank? if its on him... just get a loan for the purchase amount and pay him. :dunno:
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Old Nov 5, 2006 | 02:23 PM
  #5  
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is it a lease?
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Old Nov 5, 2006 | 03:37 PM
  #6  
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it would be easier to have Dom call whoever he has the loan through, and they'll give him the info needed.
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Old Nov 5, 2006 | 03:39 PM
  #7  
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Draconius
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Hahah...I love how you guys presumed it to be about Dom's bike.:rick:
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