Can a legal document created online be used in court? If so, where should the document be filed?

[nadiaclovelace]

What is the name of your state? Indiana
I financed a car under my name (only). I intend to allow a friend purchase from me. He will be paying the car note for the car. I financed it under my name only because I have better credit which lowered the APR.
I created an online lease to own contract that mirrors the contract I signed with the bank. Where should it be submitted? Should it be notarized? Can this be used in court? Do you have any additional legal advice?
Thank you for your assistance.

 

[Zigner]

What is the name of your state? Indiana
I financed a car under my name (only). I intend to allow a friend purchase from me. He will be paying the car note for the car. I financed it under my name only because I have better credit which lowered the APR.
I created an online lease to own contract that mirrors the contract I signed with the bank. Where should it be submitted? Should it be notarized? Can this be used in court? Do you have any additional legal advice?
Thank you for your assistance.

You are not allowed to do this under the terms of your contract.

 

[Ohiogal]

This is what is considered fraud.

 

[Taxing Matters]

What is the name of your state? Indiana
I financed a car under my name (only). I intend to allow a friend purchase from me. He will be paying the car note for the car. I financed it under my name only because I have better credit which lowered the APR.
I created an online lease to own contract that mirrors the contract I signed with the bank. Where should it be submitted? Should it be notarized? Can this be used in court? Do you have any additional legal advice?
Thank you for your assistance.

Contracts do not have to be notarized to be enforceable. Nor do they have to be filed anywhere. But the chances are good that what you plan to do will in fact breach the contract you have with the bank regarding the purchase or lease (it is not really clear which since your post refers to both) of the car if you do not first get the consent of the bank to do it.

You are also taking a significant risk here. Your friend evidently has bad credit and that implies he has trouble paying his bills. If he doesn't pay for the car, guess who ends up getting stuck paying for it? Yeah, you, that's who.

 

[FlyingRon]

And it gets even worse. The insurance you have will almost certainly not cover your (or the bank's) interest in the case your "friend" wrecks the car. You can be stuck holding the bag for an IMMEDIATE payment of the balance of the loan.

 

[adjusterjack]

Do you have any additional legal advice?

Here's the best advice anybody can give you. Don't do it. Hardly a week goes by that we don't see these deals blow up on this and other legal websites.

That your friend couldn't get an auto loan to buy a car SHOULD SPEAK VOLUMES to you. If he's a poor credit risk to a bank, he's an even worse credit risk to a "friend."

Be sure to come back here and let us know when he defaults and/or the car gets wrecked and you ask what your rights are because he stopped taking your calls. The answer will be "none."