straw purchase car reddit
A dealership just informed me of this today and I had no idea it was a thing. She would also make the payments not me.
Ethical Car Sales Understanding Straw Purchases In Auto Buying
She does not have a drivers license.
. A car straw purchase is when someone who qualifies for an auto loan finances a vehicle for someone else who wouldnt qualify. - September 19 2018. Or these organizations wouldnt need straw buyers.
To perform a straw purchase two people must. If it was that easy a lot more people would do it. 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.
Straw purchasing is the practice of falsifying loan documents to get a low credit buyer into a new car. Why are these schemes called a straw purchase. I would be the only one driving the car.
Someone with good credit or a straw purchaser fills out loan documents. Is this considered a straw purchase. The car would always be in her name never mine.
The word straw is used when describing these purchases because it refers to a scarecrow which is made of straw. Straw buying is a pretty fast way to get a one way ticket to financially fuckedville.
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