Taking Over Someone Else's Car Payments

What is the name of your state (only U.S. law) Tx

Hi -

I was wondering if anyone could guide me as far as covering myself if I am in the process of taking over someone's car payments?

They are asking for $3k down and take over $520 monthly payments.
I want to make sure that if I do accept that Ive covered myself so at the end I dont get jipped.

Thanks!

You need to get the lender involved in on this; they may not go for this scheme.

It would be better for you to just buy the thing outright.

jose01121980 said:

I want to make sure that if I do accept that Ive covered myself so at the end I dont get jipped.

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If you don't want to get jipped, buy a car with a clear title. If you need to finance have only one leinholder.

Bottom line, do not buy this car.

xylene said:

If you don't want to get jipped, buy a car with a clear title. If you need to finance have only one leinholder.

Bottom line, do not buy this car.

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Isn't "jipped" politically incorrect now (since it is offensive to Gypsies)?

Aren't we supposed to say "transiently-challenged"?

seniorjudge said:

Isn't "jipped" politically incorrect now (since it is offensive to Gypsies)?

Aren't we supposed to say "transiently-challenged"?

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Haha! That's hilarious.