Leasing a vehicle as a gift?

energiesource · November 27th, 2007, 10:50 PM

So is there a way that you can buy someone a vehicle, put the lease in your name and the BOS in theirs, without them knowing, if you have all their information?
I wanna buy my dad a new f350 but its not really a gift if they know about it.

03 R Code · November 27th, 2007, 10:57 PM

You talking about buying in cash or financing?

If in cash just buy it and sign the title over later, if financed, I don't think the name on the loan can be changed, unless the payments are expected to start coming from someone else, and that person will obviously have to pass a credit application...

edit: I didn't read that very well the first time... I'm not sure if you can lease a vehicle and have a bill of sale in any other name. Insurance co.'s and financing institutes will most likely have a problem with that.

energiesource · November 27th, 2007, 10:59 PM

yeah but since im paying it,the loan and all that, wouldnt the credit application go to me?

03 R Code · November 27th, 2007, 11:01 PM

Sure the credit would go to you, but I don't think it's legal to put a vehicle financed by you in another persons name.

Say something happened to you, and you were no longer able to pay, how could the bank take the truck back then if it's bill of sale is in your fathers name, who has no financial responsibility to the truck, but you still owe money on it?

energiesource · November 27th, 2007, 11:02 PM

true, well damn, i cant fork out 60 grand all at once haha

03 R Code · November 27th, 2007, 11:04 PM

If you can afford the payments, then just keep it all in your name until it's paid off. Let them know, or tell you're dad it's none of his business where the title is and he should just drive the truck and be happy.

energiesource · November 27th, 2007, 11:07 PM

yeah but the bill of sale would be in my name which means he cant insure it.

mattstang · November 27th, 2007, 11:09 PM

you can put him on the ins and the title if you want.

just know you will be a responsible party. as in if the truck gets involved in a wreck you can be sued.

MSO · November 27th, 2007, 11:12 PM

wtf is a bill of sale?

and he can still insure it can't he? as his son's car?

energiesource · November 27th, 2007, 11:33 PM

itswhen you buy the vehicle, thats what the dealership gives you for proof that you bought it
dont know if they call it something different in the states, pink slip i guess?

Regency 2007 · November 27th, 2007, 11:35 PM

Buy your dad a new F350???

WoW!

My dad went and looked at some loaded FX4 250's with diesels and the dealer said he could sell one for $42,000 to my dad which is alot better than when they first came out around $52,000

mattstang · November 27th, 2007, 11:37 PM

new trucks are too high dollar imo.

could never shell out 50000 for a work truck.

06RedfireGT · November 27th, 2007, 11:38 PM

The new 6.4 PSD is badass.

MSO · November 27th, 2007, 11:39 PM

ohh so a bill of sale is the title?

mattstang · November 27th, 2007, 11:40 PM

Originally Posted by 06RedfireGT

The new 6.4 PSD is badass.

this is gonna start a flame war

i dont like them. theyre not as good as the 6.0 or the 7.3. imo

06RedfireGT · November 27th, 2007, 11:46 PM

The 6.0 sucked for mods. They blew head gaskets left and right. My buddy was telling me about this guy he knew that has a new Super Duty all chipped out and everything with propane injection and he is running 12s with it.

energiesource · November 27th, 2007, 11:48 PM

yeah its a title
and i like the new trucks, they seem to be making the diesels smaller, and they hope the turbos make up for it, but the new ones seemto be doing good, plus it was either that or a nissan truck, and i dont like nissans

November 27th, 2007, 10:50 PM	#1
energiesource MM Fanatic Join Date: Oct 2006 Location: Up der in canada eh Posts: 3,527 iTrader: 1 reviews	Leasing a vehicle as a gift? So is there a way that you can buy someone a vehicle, put the lease in your name and the BOS in theirs, without them knowing, if you have all their information? I wanna buy my dad a new f350 but its not really a gift if they know about it. __________________ 2000 Mustang GT, 417hp/421tq, P1SC @ 6 psi(?), Custom grind cams, Steeda Triax shifter, SLP LM2, MAC L/T and O/R H-pipe. 18x9/10 Flat Black FR500's, Mach C-pillars, bullitt side scoops/skirts.

November 27th, 2007, 10:57 PM	#2
03 R Code MM Fanatic unstoppable @ speed of light Join Date: Jul 2006 Location: Knees deep in dat ass Posts: 3,104 iTrader: 0 reviews	You talking about buying in cash or financing? If in cash just buy it and sign the title over later, if financed, I don't think the name on the loan can be changed, unless the payments are expected to start coming from someone else, and that person will obviously have to pass a credit application... edit: I didn't read that very well the first time... I'm not sure if you can lease a vehicle and have a bill of sale in any other name. Insurance co.'s and financing institutes will most likely have a problem with that. __________________ Political correctness is a doctrine fostered by a delusional, illogical, liberal minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.

November 27th, 2007, 10:59 PM	#3
energiesource MM Fanatic Join Date: Oct 2006 Location: Up der in canada eh Posts: 3,527 iTrader: 1 reviews	yeah but since im paying it,the loan and all that, wouldnt the credit application go to me? __________________ 2000 Mustang GT, 417hp/421tq, P1SC @ 6 psi(?), Custom grind cams, Steeda Triax shifter, SLP LM2, MAC L/T and O/R H-pipe. 18x9/10 Flat Black FR500's, Mach C-pillars, bullitt side scoops/skirts.

November 27th, 2007, 11:01 PM	#4
03 R Code MM Fanatic unstoppable @ speed of light Join Date: Jul 2006 Location: Knees deep in dat ass Posts: 3,104 iTrader: 0 reviews	Sure the credit would go to you, but I don't think it's legal to put a vehicle financed by you in another persons name. Say something happened to you, and you were no longer able to pay, how could the bank take the truck back then if it's bill of sale is in your fathers name, who has no financial responsibility to the truck, but you still owe money on it? __________________ Political correctness is a doctrine fostered by a delusional, illogical, liberal minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.

November 27th, 2007, 11:02 PM	#5
energiesource MM Fanatic Join Date: Oct 2006 Location: Up der in canada eh Posts: 3,527 iTrader: 1 reviews	true, well damn, i cant fork out 60 grand all at once haha __________________ 2000 Mustang GT, 417hp/421tq, P1SC @ 6 psi(?), Custom grind cams, Steeda Triax shifter, SLP LM2, MAC L/T and O/R H-pipe. 18x9/10 Flat Black FR500's, Mach C-pillars, bullitt side scoops/skirts.

November 27th, 2007, 11:04 PM	#6
03 R Code MM Fanatic unstoppable @ speed of light Join Date: Jul 2006 Location: Knees deep in dat ass Posts: 3,104 iTrader: 0 reviews	If you can afford the payments, then just keep it all in your name until it's paid off. Let them know, or tell you're dad it's none of his business where the title is and he should just drive the truck and be happy. __________________ Political correctness is a doctrine fostered by a delusional, illogical, liberal minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.

November 27th, 2007, 11:07 PM	#7
energiesource MM Fanatic Join Date: Oct 2006 Location: Up der in canada eh Posts: 3,527 iTrader: 1 reviews	yeah but the bill of sale would be in my name which means he cant insure it. __________________ 2000 Mustang GT, 417hp/421tq, P1SC @ 6 psi(?), Custom grind cams, Steeda Triax shifter, SLP LM2, MAC L/T and O/R H-pipe. 18x9/10 Flat Black FR500's, Mach C-pillars, bullitt side scoops/skirts.

November 27th, 2007, 11:09 PM	#8
mattstang Hardcore Enthusiast Join Date: May 2007 Posts: 1,761 iTrader: 1 reviews	you can put him on the ins and the title if you want. just know you will be a responsible party. as in if the truck gets involved in a wreck you can be sued. __________________ FX4 Crew Crew member #3

November 27th, 2007, 11:12 PM	#9
MSO Banned Join Date: Jul 2006 Location: アメリカ Posts: 5,933 iTrader: 0 reviews	wtf is a bill of sale? and he can still insure it can't he? as his son's car? __________________ [SIGPIC][/SIGPIC] [SIZE="5"][FONT="Arial Black"]OBEY THE FACE![/FONT][/SIZE] Edited By Moderator. Next time will be a ban.

November 27th, 2007, 11:33 PM	#10
energiesource MM Fanatic Join Date: Oct 2006 Location: Up der in canada eh Posts: 3,527 iTrader: 1 reviews	itswhen you buy the vehicle, thats what the dealership gives you for proof that you bought it dont know if they call it something different in the states, pink slip i guess? __________________ 2000 Mustang GT, 417hp/421tq, P1SC @ 6 psi(?), Custom grind cams, Steeda Triax shifter, SLP LM2, MAC L/T and O/R H-pipe. 18x9/10 Flat Black FR500's, Mach C-pillars, bullitt side scoops/skirts.

November 27th, 2007, 11:35 PM	#11
Regency 2007 Hardcore Enthusiast F-150 FX4 Join Date: May 2007 Location: Memphrica Posts: 1,144 iTrader: 0 reviews	Buy your dad a new F350??? WoW! My dad went and looked at some loaded FX4 250's with diesels and the dealer said he could sell one for $42,000 to my dad which is alot better than when they first came out around $52,000

November 27th, 2007, 11:37 PM	#12
mattstang Hardcore Enthusiast Join Date: May 2007 Posts: 1,761 iTrader: 1 reviews	new trucks are too high dollar imo. could never shell out 50000 for a work truck. __________________ FX4 Crew Crew member #3

November 27th, 2007, 11:38 PM	#13
06RedfireGT One Man Wolf Pack 2006 Mustang GT 13ish....maybe Join Date: Aug 2006 Location: Regulatin On Some OGs Posts: 22,492 iTrader: 2 reviews	The new 6.4 PSD is badass. __________________ ΜΟΛΩΝ ΛΑΒΕ

November 27th, 2007, 11:39 PM	#14
MSO Banned Join Date: Jul 2006 Location: アメリカ Posts: 5,933 iTrader: 0 reviews	ohh so a bill of sale is the title? __________________ [SIGPIC][/SIGPIC] [SIZE="5"][FONT="Arial Black"]OBEY THE FACE![/FONT][/SIZE] Edited By Moderator. Next time will be a ban.

November 27th, 2007, 11:46 PM	#16
06RedfireGT One Man Wolf Pack 2006 Mustang GT 13ish....maybe Join Date: Aug 2006 Location: Regulatin On Some OGs Posts: 22,492 iTrader: 2 reviews	The 6.0 sucked for mods. They blew head gaskets left and right. My buddy was telling me about this guy he knew that has a new Super Duty all chipped out and everything with propane injection and he is running 12s with it. __________________ ΜΟΛΩΝ ΛΑΒΕ

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November 27th, 2007, 11:48 PM	#17
energiesource MM Fanatic Join Date: Oct 2006 Location: Up der in canada eh Posts: 3,527 iTrader: 1 reviews	yeah its a title and i like the new trucks, they seem to be making the diesels smaller, and they hope the turbos make up for it, but the new ones seemto be doing good, plus it was either that or a nissan truck, and i dont like nissans __________________ 2000 Mustang GT, 417hp/421tq, P1SC @ 6 psi(?), Custom grind cams, Steeda Triax shifter, SLP LM2, MAC L/T and O/R H-pipe. 18x9/10 Flat Black FR500's, Mach C-pillars, bullitt side scoops/skirts.

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