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07-30-2004, 04:41 PM
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#1 |
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Confirmed User
Join Date: Nov 2002
Posts: 7,761
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How do I give someone a car, keep the pink & have no liability?
Probably going to buy my daughters mom a car today, but don't want to give her the pink because she often winds up messing up or making bad decisions when it comes to her transportation.
Is there an easy way (in California) that I can just buy the car and delay giving her the pink, but eliminate liability from myself as the owner for awhile? |
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07-30-2004, 05:38 PM
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#2 |
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Confirmed User
Join Date: Jul 2004
Posts: 1,070
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You baby mama is lucky yo.
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07-30-2004, 05:47 PM
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#3 | |
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Confirmed User
Join Date: Dec 2003
Posts: 2,181
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Quote:
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07-30-2004, 06:28 PM
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#4 |
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Confirmed User
Join Date: Nov 2003
Location: Penguin vs Devil
Posts: 745
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Easy, you buy the car then have her put on as owner and yourself on as lien holder. She signs a note to you for the car with whatever terms you want (pay me $1 a year or whatever). The kicker is in the note put a lien holder buyback provision for something like $1 that you can exercise at anytime without notice.
She can never sell the vehicle without your release.
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"Only the dead have seen the end of war." - Plato "In the abscence of orders, go find something and kill it." - Erwin Rommel "A man's worth is no greater then the worth of his ambitions." - Marcus Aurelius |
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