My family found out that I financed a bike for a friend and wants me to get rid of it to him because they said if he messes up with payments or gets into trouble, I'm responsible which I know, but took the risk. I need to change the title to his name but the bank holds the title. He recently came to the states and he has no credit whatsoever so him getting a loan is out of the question. Is there another way to put my family at ease via a contract saying I'll transfer the bike to him and if he defaults on payments, he is obligated to pay me and I don't hold responsibilty for the bike? Or is there a way to transfer the title to his name but at the same time, I continue to finance the bike? I trust the guy that's why I took the risk and he's on time with his payments but my family doesn't care. Need help and solutions asap! Thanks!
2007-09-16
16:52:45
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9 answers
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asked by
Shawn M
2
in
Buying & Selling