Take over payments - Chicagoland Sportbikes
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post #1 of 6 (permalink) Old 11-20-2007, 11:49 PM Thread Starter
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Take over payments

Just surfing at CL and saw some ads that say take over their monthly payments? How does that thing works? If you pay for their monthly still its their bike right? Im just curious how it works
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post #2 of 6 (permalink) Old 11-20-2007, 11:50 PM
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Bank transfers the loan to you based on your credit and you owe the balance and make the payments.

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post #3 of 6 (permalink) Old 11-20-2007, 11:58 PM Thread Starter
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So technically you still need to get approve for the a loan. Right?
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post #4 of 6 (permalink) Old 11-21-2007, 01:01 AM
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Quote:
Originally Posted by rvt2002 View Post
So technically you still need to get approve for the a loan. Right?
Technically - yes.

Dean

What do the internet and Channel 11 have in common? They are both a window to the world; put it out there and do not be surprised who will see it.
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post #5 of 6 (permalink) Old 11-21-2007, 01:42 AM
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There is no such thing as taking over payments... if you want a legit transaction, you either pay cash for the remainder of what he owes or borrow against what he owes. Unless of course you pull a Mao and lowball him and he pays the rest of what he owes.

teets
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post #6 of 6 (permalink) Old 11-21-2007, 10:55 AM
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Maoisn doesn't even bother unless they have clean title in hand. Taking over payments is too much work for so little reward.

"The man who makes me your enemy, it is he who be the guilty one....Here I abandoned peace and desecrated law; fortune it is you I follow. Farewell to treaties. From now on war is our judge!"
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