I'm buying a Toyota Yaris from a guy who can't afford his payments. How do I

  • Thread starter Thread starter insomniafun4me
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I

insomniafun4me

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take them over? Before I go and buy this from this guy, I want to know what is going to be happening and how to handle things. Currently, the payments are $418, with 24 months left. I can afford these without any problem. The question is though, is how do I pay them and still own the car? With the loan be switched in my name? Will I own the car and the loan still in his name? So even if I pay on time, he will get the good credit rating for it? And what if I pay on time but he does something else with the money, and the car gets repossessed? How does this work exactly??
 
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