Jan 11 2017, 11:07 PM
QUOTE(luvjiajia @ Jan 11 2017, 10:31 PM)
hi all sifu here.. i need some advise from you all pls. A year ago i decided to help my relative to take up a car loan under my name due to his name already blacklisted in banks. The reason i agreed to take up the loan under my name because i hope that he can get a car for his new job so that he can go to work more convenient. Another reason is he said that his name is blacklisted in bank therefore bank will not accept loan to him forever.
Lets say i go for first option.. the loan is 130k, and still owe bank 110k, usually how much will the car dealer offer to buy?
Lets say i go for first option.. the loan is 130k, and still owe bank 110k, usually how much will the car dealer offer to buy?
why 130k car for a new job?1) Depends on how much the car can be sold as, you might have to settle the outstanding.
Never ever take a loan for someone even a relative or best friend, being blacklisted by bank is a good reason to not help him/her unless you are very rich...
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