B
burtonopoly
Guest
I already gave them the money for the car, however it is still in their names. I am really short on funds right now and was thinking about taking out a small loan, about $4000.00, to "buy" the car from them. If this doesn't make sense, what I'd be doing is taking a loan, the bank cuts my parents a check, they cash it & just give me the money to cover my debts.
When I go to the bank to get the loan am I going to have to get it smogged or pay any tax on the vehicle. Does anyone know how this works. In CA by the way.
I refuse to barrow money from my parents so that is why I would do it this way if you have that suggestion
When I go to the bank to get the loan am I going to have to get it smogged or pay any tax on the vehicle. Does anyone know how this works. In CA by the way.
I refuse to barrow money from my parents so that is why I would do it this way if you have that suggestion