3800 Taking Over Payments

framos242

Drink the shot, pussy....
Sep 9, 2008
4,229
8
I would say that there will be a credit check to calculate the APR. Taxes will be involved. Think if you pay the total, then you wouldn't have to pay taxes. Not sure. The rest, I don't know but I'll in a few weeks myself. I'm gonna change some things as well.
 

horist

Geek
Nov 10, 2008
2,031
0
Lake Zurich
There will probably be a credit check, and you will probably have to pay taxes. (I think taking over payments is just a way of saying, you pay me what I owe on the car)

Be sure that you just don't start sending in money for the loan that'sin his name... or else he can turn around and keep the title...

Also since you're buying a used car but taking over payments... make sure you're not upside down (the car's worth less than the loan amount) if you can help it (this is imposible to do on a new car, but I believe easier on a used car since depreciation already set in)
 
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