- Sep 19, 2002
- 1,879
- 0
- 0
The issue is that my aunt and uncle are buying a car for me, with me making the payments to Ford Motor Credit.
The problem is they can't be considered owners, although they will be the people that owe the loan.
Can they give ownership entirely to me, and still hold the loan? What will Ford Motor Credit say?
If they are owners and I drive the car and get in a wreck, they can be sued by the other party. They're doctors so they worry about that.
Can they "gift" the car to me, before it is paid off?
The problem is they can't be considered owners, although they will be the people that owe the loan.
Can they give ownership entirely to me, and still hold the loan? What will Ford Motor Credit say?
If they are owners and I drive the car and get in a wreck, they can be sued by the other party. They're doctors so they worry about that.
Can they "gift" the car to me, before it is paid off?