Buying a Car with Brother

I have a question about a car deal that did not go as planned, please help!

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Bill's Answer: Bills.com Resident Expert

You would have to consult with an attorney to know for certain if you had any legal way to hold your brother responsible. That said, he most likely is not legally responsible for anything, given that he didn't sign any contact. Courts tend not to enforce verbal agreements like this, especially when it essentially boils down to two brothers engaged in a he-said-he-said argument. Unfortunately for you, you did sign a contract with the dealer, so the dealer may keep you on the hook for this car.

So if you are interested in finding the specific legalities involved in this transaction, such as who can be held responsible for what, I suggest you consult with an attorney in your area. The American Bar Association (ABA) has a terrific website that can connect you to a free attorney-referral service in your area, including those that specialize in helping people with limited financial resources. Visit abanet.org

and simply select the state in which you live to find the legal service providers in your home state. The ABA's website also has additional self-help information and contact information that may help you with this situation.

Best of luck, I hope that the information I have provided helps you Find. Learn. Save.

Best,

Bill

www.bills.com/

Comments (2)


Pat W.
Ruskin, FL  |  January 20, 2012
two weeks ago i purchaced a truck with my car as trade my boyfriend co signed i have a settlement coming in within the next day or so the 1st payment is not due i live in fl and i am going to payoff the truck before the 1st payment is made .How do i get his name off the title?
Bills.com
January 20, 2012
First, get a clear title from the creditor. I suggest you pay off the loan using the form included in the statement the lender sends you. By doing so, you will be assured the payment is credited to the correct account and is sent to the correct address. Second, after the creditor sends you a clear title where its name is removed, then you and the other co-signer should go to the local DMV office and complete the necessary paperwork to change the title to your name alone.
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