straw purchase car reddit
A car straw purchase is when someone who qualifies for an auto loan finances a vehicle for someone else who wouldnt qualify. I would be the only one driving the car.
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In general straw purchases are legal except in cases where the ultimate receiver of goods or.
. Someone with good credit or a straw purchaser fills out loan documents. Straw purchasing is the practice of falsifying loan documents to get a low credit buyer into a new car. She would also make the payments not me.
She does not have a drivers license. The car would always be in her name never mine. A straw purchase is a recipe for getting a good rate on a loan that you arent qualified for but the secret ingredient is crime.
To perform a straw purchase two people must. For instance if a father were to buy his son a firearm and didnt plan on being the. - September 19 2018.
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