under someone else? We are taking over payments on a truck from my parents since they are no longer able to pay. The truck is paid off in January 2011. However, we wanted to register the truck under our name but the loan will remain in my dad's name. Are we legally able to put it under our name? Also, he has numerous trucks under his name and all the accounts are in good standing except for 1, which they are thinking of doing voluntary repossession on since they can no longer afford the payments. Could this jeapordize all the other accounts, one of the accounts is the truck that we are taking over payments on (all with the same finance company) that are in good standing or will the finance company not take it kindly that about 4 accounts wiht them are current but 1 of them is delinquent.
Any input at all is appreciated!!
Any input at all is appreciated!!