Follow
Share

Thing grandson bought a car and we found out its in my father's name they have similar names and he just moved in with us a couple a years ago.

This question has been closed for answers. Ask a New Question.
Find Care & Housing
I'm with JoAnn.   There are 8 answers to your previous thread, no responses to clarify our questions.   

Take some time and reread your first thread, then address the issues we raised as well as the ones being raised in this thread.  

These are interactive threads- you'll get more targeted responses if we understand what your real issues are, and that requires response from you.

Help us out, okay??
Helpful Answer (0)
Report

When my DD was 25,  she had a relatively good driving record, but insurance would be much more expensive if car in her name.  Not certain why anyone would put in Grandpas name
Helpful Answer (0)
Report

Did your father co-sign for it? Is ur fathers signature on the paperwork? I

This is how it works in my part of NJ now. There is no more "co-signer" its "co-owner". The person with the good credit becomes the owner #1 of the car but owner #2 makes payments and gets credit for making those payments. This helps the owner #2s credit. The title is in owner #1s name though. So, once paid off, owner #1 should transfer the title over to owner #2. If owner #2 defaults the payments fall on owner #1 and will effect his credit.

Read the dealer contract to see if I am correct. If its still confusing, go back to the dealership and have them explain. I have a feeling that the Grandson had no credit or a low credit score and the only way he could get the car was Granddad being the #1 owner.

You posted earlier and have not responded to questions asked:

https://www.agingcare.com/questions/my-father-93-has-a-will-his-grandson-thinks-hes-getting-the-house-when-my-father-dies-can-he-contest-456983.htm
Helpful Answer (0)
Report

Hi Garyck, can you please restate your post as a question? I'm not sure what it is you wish to know. Thanks
Helpful Answer (1)
Report

This question has been closed for answers. Ask a New Question.
Ask a Question
Subscribe to
Our Newsletter