Who Wants to take over my Lease????? Naples FL??
Question: Brand New Mazda CX-7, Just got it but need to buy a house
monthly payment of 350 and 20 payments remaing, no down payments just monthly of 350 for a 2007 CX-7
Answers: I just answered a similar question for someone who allowed someone else to take over payments. This person was concerned about being sued over repossessing the car after the person had not held up to their end of the deal. What they and you do not realize is that you are still responsible for the car, the payments, insurance, parking tickets or vehicular homicide that the person commits.
If the car loan is preventing you from getting the house you want, you may consider trying to sell it or trade it for less car so it does not affect your debt to income quite like this one. Also, letting someone take over payments will not help your situation for your debt ratio. You will need to get that car out of your name completely for it to make a difference.
monthly payment of 350 and 20 payments remaing, no down payments just monthly of 350 for a 2007 CX-7
Answers: I just answered a similar question for someone who allowed someone else to take over payments. This person was concerned about being sued over repossessing the car after the person had not held up to their end of the deal. What they and you do not realize is that you are still responsible for the car, the payments, insurance, parking tickets or vehicular homicide that the person commits.
If the car loan is preventing you from getting the house you want, you may consider trying to sell it or trade it for less car so it does not affect your debt to income quite like this one. Also, letting someone take over payments will not help your situation for your debt ratio. You will need to get that car out of your name completely for it to make a difference.
More questions & answers:
- Who is getting a new car tomorrow?
- Who has the most for my money?
- Who do i file a complaint about a car i bought payed half cash and no car still?
- Who has compared the Honda CRV VS Toyota RAV4?
- Who can lend me $550 to pay my car loan? If I didn't pay tomorrow, they will take way my car.?
- Who has purchased a Honda Element?
- Who wants to buy a classic old car?
- Who should have the final say...? Mom/Dad, MomMom/PapPap, Teenager?
- WHo knows what happens to 2005 Nissan models if they did not sell so far, and how can one assess it's value?
- Who can I talk to about a possible car selling scam, a lady says shes affiliated with yahoo finance?