This isn't a legal advice forum.
How about you contact your accountant, attorney, and maybe even your financial advisor.
Here is my bit of free advice:
If you don't have an accountant or attorney and can not afford one, try to find someone who does a bit of pro bono work. I'm sure that they will be glad to help a poor soul like yourself figure out how to purchase a BMW 7 series and send your son along with a bunch of his buddies on a vacation to Europe all the while structuring the transaction in such a way that you can still screw your creditors.
Good luck!
Quote:
Originally Posted by 750lxi
hi everyone. i am new and have a question.
i will order a 7 series tomorrow, but do not want it to be considered an asset of mine should creditors ever come calling. therefore, the car will be purchased in my son's name and i will co-sign the financing.
the problem i have is that the proposed order contract lists me as a co-buyer. i have expressed my concern to the salesperson, but he is adamant that if i co-sign for financing, bmw requires me to also be a co-buyer, but that the car will still be registered and titled in my son’s name only.
does anyone know anything about this? why do i have to be listed as a co-buyer, if i am only guaranteeing the financing?
thanks!
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