Can I transfer my car payments and car to a 17year old from a buy here pay here place?
I have a good question… I got a 98 jeep grand Cherokee limited from ridenowautosales.com I'm still currently making payments. A family friend told me he d sell me his 98 Ford v8 supercharged mustang for 500$ because he needs it gone. Back to the question, my friend is 17 and desperately needs a car would I be able to transfer the jeep and payments into his name? I love the jeep and all but not the 10mpg any help would be awesome!
At 17 they can't sign a financial contract.
So you will need to come up with a co-signer or cash to make this work.
You, your friend, and co-signer back to the buy here dealer to re-sign paper work. After all you really don't own the car till its paid off. The dealer does
A 17 year old can't be in a legal contract such as this one. In addition, a co-signer does not have merit in this practice either.
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