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The Water Cooler
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Car dealer rip off
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<blockquote data-quote="David2012" data-source="post: 1841461" data-attributes="member: 24428"><p>What ever you do, don't ever co-sign for any loan you that are not prepared to assume yourself. Go into it from the get-go believing you will have to assume the payments. <u>Was this a bank loan, dealer 'in-house' financing, or other? </u> <u>How long has she had possession of the vehicle?</u></p><p></p><p>If it was dealer 'in-house' financing... where the dealer carries the loan... you might just take it back and negotiate letting her return the car and walk away loosing all she has already paid on it. Some of these dealerships with in-house financing like for peope to default on the loan so they can get the car back & then resell it to another victim.</p><p></p><p>It might be benificial for you to take the loan papers to a attorney and let him / her read them.. you might have a escape you don't know about. Some Atty's don't charge a lot for a initial consultation.</p></blockquote><p></p>
[QUOTE="David2012, post: 1841461, member: 24428"] What ever you do, don't ever co-sign for any loan you that are not prepared to assume yourself. Go into it from the get-go believing you will have to assume the payments. [U]Was this a bank loan, dealer 'in-house' financing, or other? [/U] [U]How long has she had possession of the vehicle?[/U] If it was dealer 'in-house' financing... where the dealer carries the loan... you might just take it back and negotiate letting her return the car and walk away loosing all she has already paid on it. Some of these dealerships with in-house financing like for peope to default on the loan so they can get the car back & then resell it to another victim. It might be benificial for you to take the loan papers to a attorney and let him / her read them.. you might have a escape you don't know about. Some Atty's don't charge a lot for a initial consultation. [/QUOTE]
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