Hi,
a few months ago I was looking on buying a second car, when I was looking at cars my boyfriend did not like the car I was planning on buying (on my own) So He took Me to an exotic Car dealer, He knew my dream car was a db9 and right there it was! when they told us that the car was $150.000 I got up to walk out. The next day He put $50.000 down and I was the co-owner on this car. He knew that I did not want A $2000 car payment. He told Me not to worry about it that this was a gift and that by december the car was going to be paid-off. Now we are not together I have this car and I don't know what to do..
I love my car but this was not what I can afford. My question is(by law) if this car was gift WASN'T A GIFT? or is He entitled to his down payment back? or should I let him refinance the car under his name and let him keep it, Or should I get a lawyer??. Please let Me know. Thanks
2007-09-07 13:49:26 · 7 answers · asked by marinrey1 1 in Politics & Government ➔ Law & Ethics
It sounds like it is your car, but you should definitely get a very good lawyer. If you don't he will and then you will have more problems.
2007-09-07 13:58:07 · answer #1 · answered by Tater1966 3 · 0⤊ 0⤋
Well, he did tell you it was a gift, therefore a "no-payment" plan is automatically implied. He is not eligible to get his down payment back, as this is part of the contract, but he should refinance it in his name only, and then give it to you as a gift, with full understanding of that term.
2007-09-07 20:55:44 · answer #2 · answered by Son of David 6 · 0⤊ 0⤋
Since there is a $100, thousand note due on it can you afford it,Co-owner as your name is on the loan than your responsible for the money owed if he doesn't pay for it>Best to get advise>As a gift is something that free and that 's not free, hope you have the agreement in righting
2007-09-07 21:45:18 · answer #3 · answered by 45 auto 7 · 0⤊ 0⤋
If he told you the car was a gift then its yours, in so much as he has paid for it. If he is title holder then you should see a shark. You might try trading it in for something in the $50K range (which is still pretty pricey for a car).
2007-09-07 21:01:51 · answer #4 · answered by Lavrenti Beria 6 · 0⤊ 0⤋
$50,000 is a pretty extravagant gift to keep
after a relationship breaks up.
Maybe it was a gift, but keeping it is questionable.
If you can't afford the payments anyway, the
decision is made for you.
2007-09-07 22:30:02 · answer #5 · answered by Irv S 7 · 0⤊ 0⤋
Give him back the car. Take your name off. It is not worth the mental anguish.
2007-09-07 20:55:07 · answer #6 · answered by PATRICIA MS 6 · 2⤊ 0⤋
See an attorney.
2007-09-07 20:53:58 · answer #7 · answered by Baby Poots 6 · 1⤊ 0⤋