I co-signed a car loan for a friend of mine, he went to get the registration and all that but he couldnt register it unless I am on the insurance, and the registration. The dealer is threatening to take the car back from him if he doesnt come to the dealer proving that I am on all the necessary documents. Registration, and insurance. I am not driving this car at all and we also live in two seperate cities, and only did this to help him establish some sort of credit rating again, but this has ended up being a huge pain in the ***. One Idea I had was to write a bill of sale up saying that I have sold him the car and he is now the owner of the car, not me. I live in Calgary Alberta, in case insurance rules differ from province to province.
2007-01-26
18:04:16
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9 answers
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asked by
boardbetty
3