Taking over payments is a losing proposition

Courtesy of Richard PerryRichard Perry, The Hemet Car Guy. Greetings from the Hemet Car Guy, A repeat customer/friend of mine bought a pre-owned Toyota Prius, with the plan to drive for Uber and have his roommate take over payments on his other car. I’m hearing that more and more car owners are letting someone else take over car payments on their behalf while the loan is still in their name. People have asked me whether this is a good idea. There are consequences to letting someone take over car payments on your vehicle loan. The first one is obvious – the person you ask to make the payments has no right

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