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  1. #1
    Banned user23960508710788's Avatar
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    Putting your car in someone else's name?

    Buying a new car, my mom is trying to talk me into putting the title in her name b/c she wants even more assets in her name (she already owns a few million in properties, i dont know why she even needs more). I don't really care, but could it affect me in a bad way if my car is in her title? (She said she'd pay for my insurance if I let her do it, which is a good deal)
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  2. #2
    College Athlete TheMisker's Avatar
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    ****, Let her do it...
    I rape back...

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  3. #3
    Registered User manofmany's Avatar
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    Why does she need more assets?

    If she ever goes bankrupt or decide to sell your car, your **** out of luck man. She owns it.
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  4. #4
    Facing the wind Thomas.of.Hunter's Avatar
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    have your name put on it too
    Nothing posted by this account should be taken seriously. It's all for the lulz.
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  5. #5
    Registered User 1995GM's Avatar
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    hell yea...free insurance? Sounds like a great deal.
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  6. #6
    Misc Programmer Member#1 DeathByLight's Avatar
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    ur mom ceoing?
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  7. #7
    Registered User Sk8tboar's Avatar
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    co sign it.
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  8. #8
    College Athlete TheMisker's Avatar
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    Originally Posted by manofmany View Post
    Why does she need more assets?

    If she ever goes bankrupt or decide to sell your car, your **** out of luck man. She owns it.
    He just said she owns like millions of dollars worth of ****, I don't see her going bankrupt...

    But if she does and she decides to sell it, he is kinda **** outta luck (provided his mom is a douchebag who'd do that to him)...
    I rape back...

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  9. #9
    Registered User manofmany's Avatar
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    Originally Posted by TheMisker View Post
    He just said she owns like millions of dollars worth of ****, I don't see her going bankrupt...

    But if she does and she decides to sell it, he is kinda **** outta luck (provided his mom is a douchebag who'd do that to him)...
    Millionaries declaring bankruptcy is pretty common actually
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  10. #10
    Negger of $hitty threads seoulseek80's Avatar
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    Originally Posted by TheMisker View Post
    He just said she owns like millions of dollars worth of ****, I don't see her going bankrupt...

    But if she does and she decides to sell it, he is kinda **** outta luck (provided his mom is a douchebag who'd do that to him)...
    because a million dollar in assets isn't that much really these days. She could lose everything in a flash. OP if she's going to pay insurance then go for it. You can always transfer titles later
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  11. #11
    Is it time to eat? theoryTim's Avatar
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    I wouldn't. Trade in or sell your old car for cash in your pocket or to put down more money on newer/new vehicle. Simple as that.
    "Too often we enjoy the comfort of opinion... without the discomfort of thought." - John F. Kennedy
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  12. #12
    Watch Me Shine Worldwide's Avatar
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    If you put it in her name, she'll legally own it. That means she can take it away from you, sell it, give it to charity, etc, etc. Also, as someone else stated, if she has her assets seized for any reason (and there are many), you'll be out of luck, and probably won't see any money you've paid towards it.

    But hey, if you trust her, she's ok financially, not prone to psychosis, and not likely to be sued, you'll probably be fine.
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  13. #13
    Shitin' and Miscin' teriyakisaki's Avatar
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    the biggest disadvantage you have is that legally speaking, you have no say in what is done with that vehicle. if she wants to sell it, she can. she's the sole person responsible for registration and what not, so if she wants to, she can fcuk you over. also, she doesn't have to file for bankruptcy in order to lose the car. although highly unlikely, she can get sued, and the vehicle can be seized as an asset/for its value. the disadvantage for her is that if you get into an accident and harm somebody or get sued, she can be held responsible if her name is on the title, even if she is on the other side of the country.

    your best bet is to put both of your names on the title. she can't do anything without your signature, but still allows her to claim it as an asset.
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