Question about payments
07-21-2006, 02:54 PM
#1
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Question about payments
I'm selling my car and the person that wants to buy it can only make payments to me for it. How is the best legal way to sell this person the car while assuring legally that they make the payments to me as agreed.
07-21-2006, 03:07 PM
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Re: Question about payments
Originally Posted by BlessTheMartyr
they have no credit to get one.
07-21-2006, 03:10 PM
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Re: Question about payments
not a good idea. tell them to get a cosigner for a bank loan, trust me you dont want to deal with tracking down a payment every month from anyone much less a younger kid.
07-21-2006, 03:24 PM
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Re: Question about payments
You can write it up yourself, just spell out the terms plain and simple. Both of you sign it along with a witness and you should be good to go. Just a simple agreement that you both agree on.