Buying a new car HELP!!!?

J

Jonathan

New member
So I'm getting a new car tomorrow 2011 Mazda3 S Sport 4-door. And I'm gonna be sharing the car with my mom. But the problem I am having is, since I have no credit or anything can I be the main owner of the car or co-owner since I'm gonna be doing the monthly payments anyways.
 
when you go in to see the finace person they will let you know if you both can be on title. usually it's husband and wife only,if this is the case let your mother have her name on title and you make the payments and when it's paid for she can get title transferred in to your name. have her say it's gift to you so you don't pay and taxes on the transfer.
 
It's your parents credit that is going to get the car, that means the car is in their name and they own it. Your name can be on the loan to help build credit and once the loan is paid off your name can be on the title but since it's their credit it'll be in their name first and your name second.

If your parents want to give you the car they can sign the title over to you once the car is paid off.
 
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