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08-18-2010, 08:32 PM | #1 |
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Help Needed Asap
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! |
08-23-2010, 10:53 PM | #2 |
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Drives: 991/RR Sport AB
Join Date: Aug 2008
Location: 904 FL
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if you're having issues with creditors maybe you shouldn't be buying a BMW... just saying
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09-09-2010, 12:36 AM | #4 | |
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Here is a brigh idea...
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:
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