very important any info will be good?

Question

Can this happen??? my friend took a loan out for a fourwheeler and he stopped paying the payments the?
fourwheeler was about 8k and he still has about 6k to pay it off and i want to take over the payments on it he hasnt payed a cent on it for atleast a year and a half then he moves to a new state....i think i know the bank he took the loan out from and i just got off the phone with them and the loan lady was not in but she will call me when she gets in ..... what should i ask her? im ony 17 but i work i make about $300 a week... can this be done me taking the payments over the owner of the fourwheeler says its ok but he is not making any effort to call anyone..also when he moved he left the fourwheeler at his house it probably hasnt been ridin in a year its just sitting at his old house...=( so pretty much what i need to know is what should i say to the loan lady when she calls me and if this is possible since im 17 and alll.....any info will help! thanks.

Answer 1

You will need a co-signer because you're still a minor

Why not look for something more practical that will get you back and forth to work and hopefully college.

Talk to your parents before making any decisions.

If you do purchase the 4-wheeler get evaluated by a mechanic before hand.

Answer 2

A couple of things . . .

> Why would a " friend " leave their auto behind at your place ?
> " Friend " left the state leaving behind an auto at your place with payments still to be made on that auto.
> " Friend " is not returning your calls.
> A person who was a true friend would not do this to another.
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* * * Don't make their (your " friend ") thing...your thing.
* * * Call (contact) your friend and tell them the auto is going to be towed by a certain date.
* * * Call tow company or your local police and report an abandoned auto is at your place.
* * * You would not do this to another person . . . why let another do this to you ?
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I'm not even going to address the age issue of your being 17 . . . I'm sure you're getting many replies regarding that.
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I wish you well on this one and . . . also, maybe think of changing your avatar name. That name speaks of a person of a ' less than appealing ' lifestyle '.
.

Answer 3

I would think by this time that the loan company would want to repo it back. If he hasn't paid in over a year, they have been trying to locate him to get the money or the four wheeler back. You just can't take over payments when they are in default of the loan. They would have to take the bike back and you would need to discuss your own loan to get it. Tell her what you want to do and she will offer you choices.

Answer 4

Wazz up pimpin,I would imagine they have forclosed on the property already since it has been so long between payments or efforts to pay.Even if it is possible,which I doubt very seriously that it is,I just don't think it would be a very wise descision at all.

Answer 5

Your to young you need a person over 18 to co-sign

Answer 6

2 things for you to think about:
1. save money for college
2. don't pay for the 4 wheeler unless the person is a friend and/or asked you to continue to pay. with 6 g's to pay off, it's not worth it. if you go off to college, how often are you gonna use it?

Answer 7

Why do you want to take over the payments for something stupid your friend did? Think about it, do you want to be responsible for his actions. What happens if something back fires and it comes back to get you. THINK!

Answer 8

easy answer yes you could probably take over the payments -- more in depth why would you want to??? why not try to get one that would have less problems mechanically and bodily??? and may even cost less??

Answer 9

Talk to your parents. They will probably have to co-sign the new loan for you.