Buying A Car For Someone Else To Drive «100% SIMPLE»

Taking out a loan in your name for a car someone else primarily uses is often flagged as an "accommodation deal," which many lenders prohibit.

If you want them to fully own the car (common for gifts), it is best to put the title and registration in their name immediately. This makes them legally responsible for the vehicle. buying a car for someone else to drive

Speak with your lender about whether they allow the primary driver to be different from the borrower. Taking out a loan in your name for