PhiliusM
Senior Member
A friend of mine is about to by another car for his partner to use. He was going to get it registered in her name as they have traded her car as part of the deal. Her car contributes about 25% of the transaction.
In conversation it came to light that she has some large arrears on a bank loan that she and her ex husband took out.
I advised him to get the car registered in his name as he was paying 75% of the cost.
Apparently there aren't any problems getting the car insured in her name as a major company is happy with the arrangement.
Can anyone think of any pitfalls that might ensue?
In conversation it came to light that she has some large arrears on a bank loan that she and her ex husband took out.
I advised him to get the car registered in his name as he was paying 75% of the cost.
Apparently there aren't any problems getting the car insured in her name as a major company is happy with the arrangement.
Can anyone think of any pitfalls that might ensue?