straw purchase car reddit
Straw purchasing is the practice of falsifying loan documents to get a low credit buyer into a new car. If it was that easy a lot more people would do it.
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In general straw purchases are legal except in cases where the ultimate receiver of goods or.
. Jan 31 2020. A straw purchase or nominee purchase is any purchase wherein an agent agrees to acquire a good or service for someone who is often unable or unwilling to purchase the good or service. For instance if a father were to buy his son a firearm and didnt plan on being the.
A car straw purchase deal is when someone who qualifies for an auto loan purchases a new or used vehicle for someone else. To perform a straw purchase two people must. Or these organizations wouldnt need straw buyers.
Straw buying is a pretty fast way to get a one way ticket to financially fuckedville. A straw purchase is a recipe for getting a good rate on a loan that you arent qualified for but the secret ingredient is crime. Someone with good credit or a straw purchaser fills out loan documents.
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