If i let a car go to the bank with me cosigning an my dad as loan borrower, what will hapn!!help fast!!?

Answers:2   |   LastUpdateAt:2012-09-10 01:26:03  

Question
Chycaria
Asked at 2012-08-09 06:20:02
I found a car , cheaper ! i care for a sick parent one wrk hours have been reduced. If I let my car go back what shud i expect from the bank? I can get a cheaper car , but want to put it in my dads name . Help I need answers in the morning b4! Because I can get the cheapest car !
Answer1qtpieAnswered at 2012-08-11 09:43:03
If the lien is taken by the bank, and if the value of the car is less than what is owed , you owe the bank the difference in the car repossessed.
Answer2kozyAnswered at 2012-09-10 01:26:03
this would ruin your loan dads and he could be held libel. and if it was not likely to get another ' works .
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