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Girlfriend car
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<blockquote data-quote="GO-N DEF" data-source="post: 1531858" data-attributes="member: 564681"><p>This is a bad idea! You may as well order her some rims from Ladd Murdock while you're at it!!!</p><p></p><p>BUT........</p><p></p><p>If you are hell bent on doing this, here is how you can protect yourself in the long run:</p><p></p><p>Get the loan in her name or her parents name since she is a minor. This way, you can still make the payments (score points with her) and if there is a bitter break-up some time in the future, and she keeps the car, it up to her to make payments. It keeps you and your parents credit report in the clear.</p><p></p><p>Trust me, I did something similar (only reversed roles) when I was 18 or 19. My girlfriend at the time co-signed on a loan. We broke up, I was late on a bunch of payments, and her credit history was ruined. I made it up to her several years later, when I had a decent paying job. I payed her a bunch of money I owed her, with interest, and sent her some flowers...</p><p></p><p>Anyway, you gotta protect yourself. Why do you think the have pre-nuptuals these days???</p></blockquote><p></p>
[QUOTE="GO-N DEF, post: 1531858, member: 564681"] This is a bad idea! You may as well order her some rims from Ladd Murdock while you're at it!!! BUT........ If you are hell bent on doing this, here is how you can protect yourself in the long run: Get the loan in her name or her parents name since she is a minor. This way, you can still make the payments (score points with her) and if there is a bitter break-up some time in the future, and she keeps the car, it up to her to make payments. It keeps you and your parents credit report in the clear. Trust me, I did something similar (only reversed roles) when I was 18 or 19. My girlfriend at the time co-signed on a loan. We broke up, I was late on a bunch of payments, and her credit history was ruined. I made it up to her several years later, when I had a decent paying job. I payed her a bunch of money I owed her, with interest, and sent her some flowers... Anyway, you gotta protect yourself. Why do you think the have pre-nuptuals these days??? [/QUOTE]
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