Heatherdd
New Member
- Jurisdiction
- North Carolina
Okay. I just got a new car in June. I had made a post on here not too long ago seeking advice on how I could possibly get out of being responsible for the car since I'm unable to afford the payments , especially since I am getting laid off. Well I posted an ad on Craigslist seeking someone to take over the payments. It took a while before anyone contacted me about it but I have been talking to a potential "buyer" since yesterday about a rather risky opportunity.
He offered to take over the payments, and the car stay in my name until he is able to get a loan to get It to transferred to him. He says his credit is so bad that he is not able to get a loan because of a 30, 000 loan he got for a car with his ex wife. After getting a divorce he was no longer able to make payments and it got taken away.
He has offered to write up a contract, with whatever terms I'm comfortable with and with anything I wish to include and then getting it notarized. He has shown me proof of employment with his check stubs, showed me his drivers license, birth certificate, business card, and letters of recommendation from previous employers ( he sent a packet that he sends to employers when he was looking for a job). All the information in these documents match everything he has told me, his name matches, etc. He wants to pay me until his credit is good enough for him to get a loan to get it transfered. One thing I'm concerned about is how much money he makes. He makes 60, 000 a year and his check stubs DO reflect that. If someone has that much money, even with bad credit, couldn't they still get a loan? And also, if he has that much money, shouldn't he be able to buy a car off of Craigslist and not have to go through all the trouble with me and have no need for a loan? When I asked him this he said that when you have bad credit you have to make a large down payment. He said that his money goes to a lot of bills, which is understandable, but... 65, 000 a year? My credit score was 0 when I got the loan for my car. He also said he will pay the insurance.
What are your thoughts? I have attached a rough draft of the contract he sent me(I have marked out our names). If he is willing to get this contract notarized, show me his check stubs, license, birth certificate, business card, and letters of Recommendation, how could this be a trap? He even showed me proof of his ex marriage. I honestly don't think he is trying to defraud me, he even said I would be able to take him to court if something happened and that even our emails can be considered as a form of a contract. His name matches everything he has shown me. Would any of you do this or consider it if you were no longer able to make your car payment? If so, would you add anything to the contract?
He offered to take over the payments, and the car stay in my name until he is able to get a loan to get It to transferred to him. He says his credit is so bad that he is not able to get a loan because of a 30, 000 loan he got for a car with his ex wife. After getting a divorce he was no longer able to make payments and it got taken away.
He has offered to write up a contract, with whatever terms I'm comfortable with and with anything I wish to include and then getting it notarized. He has shown me proof of employment with his check stubs, showed me his drivers license, birth certificate, business card, and letters of recommendation from previous employers ( he sent a packet that he sends to employers when he was looking for a job). All the information in these documents match everything he has told me, his name matches, etc. He wants to pay me until his credit is good enough for him to get a loan to get it transfered. One thing I'm concerned about is how much money he makes. He makes 60, 000 a year and his check stubs DO reflect that. If someone has that much money, even with bad credit, couldn't they still get a loan? And also, if he has that much money, shouldn't he be able to buy a car off of Craigslist and not have to go through all the trouble with me and have no need for a loan? When I asked him this he said that when you have bad credit you have to make a large down payment. He said that his money goes to a lot of bills, which is understandable, but... 65, 000 a year? My credit score was 0 when I got the loan for my car. He also said he will pay the insurance.
What are your thoughts? I have attached a rough draft of the contract he sent me(I have marked out our names). If he is willing to get this contract notarized, show me his check stubs, license, birth certificate, business card, and letters of Recommendation, how could this be a trap? He even showed me proof of his ex marriage. I honestly don't think he is trying to defraud me, he even said I would be able to take him to court if something happened and that even our emails can be considered as a form of a contract. His name matches everything he has shown me. Would any of you do this or consider it if you were no longer able to make your car payment? If so, would you add anything to the contract?