I want to buy this womens car that i work with? but i need help..?

Question

she just bought a new car because she needed more room and she is selling me her old 2002 saturn that is in absolutely wonderful condition.. well taken care of and she just wants to break even. like i take it and just finish the payments on it there is about 4000 left on it and i have no prob with the monthly payments... heres the problem... im only 17 so in order to make car payments do i need someone to co-sign? does that put them out at all?? and what will this women have to do in order to let the car be mine? any info would be highly appreciated thank you!!

Answer 1

Whenever you "take over" payment it is a bad idea.

You are paying somebody else's loan, and the car is still in her name.  If you were late in payment (and ruined her credit) what if she decide NOT to release the title (or just takes her time to s***w you).

what if she dies (how old is she) and the title is still in her name?

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Another person (your parents) will have to co-sign to approve of the deal because you are a minor and cannot enter into a contract.

Good Luck...

Answer 2

tell  you  will  get  a  job  and    pay  off   the  bills

Answer 3

I dont know about the payments thing , but if you check with the company that has financed the vehicle, they will let you know what the rules are.

good luck 2 u my wife drives a 2002 sc1 saturn and it is awesome, still gets over 40 mpg

I drive a 1992 saturn sl1, and it has over 240,000 on it and still gets very high mileage, and neither of them have failed us mechanically yet

good luck

Del

Answer 4

You cannot legally enter into a contract under the age of 18. You cannot just take over the payments even if you had a co-signer. If your parents want to they could either pay off the remainder with her at the bank to secure the title in their name or get a loan and finance the vehicle for you.

Answer 5

I agree with lover not a fighter. And really you don't know what condition it is in. All you have is her word. If your parents end up taking over like in co-signing it will actually be in there name with you as a secondary owner, it would be good for you. It would boost your credit. But before you actually work out payments or transfers of loans or however they do that. Take the car to at least two different mechanics and have them look at it. Tell them you would like them to check it. Get a carfax on it where it tells you the vehicle history. Whenever you buy a car from someone and it seems like a great deal there is probably something wrong. Being that this lady works with you it would probably ruin that relationship too if she sold you a broken car. It tricky when you are dealing with friends and people you know. People are shady just keep that in mind.

Answer 6

don't do it.

it's just more hassle than it's worth.

what if the car falls apart?

will you want to work with her?

save your money