if i was included onto someone elses account as a salvage car buyer can this person buy cars under my name? how will i be responsible? how does he benefit from adding me as a buyer? the pros and cons? please let me know how i will be affected as part buyer?
3 Responses
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robertjboatwright Says:
The name on the dealer license is the person responsible for everything.
What is he charging per.auto? It is all going to be a money thing,ask constantly what are you going to be charge and for what.
He can sign his own name why would he sign yours? Its his name on the license/bond/insurance.
Aside from the money thing,he is doing you a favor. -
Theneelster Says:
It’s a trap! This means you’re a co-signer on everything he buys…joint liability. Horrible horrible horrible. Run for the hills. Why do “friends” do this?
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N Says:
Why would HE want to add you to his license ?
Did you ask ?
When I was a dealer, I sure wouldn’t just add anyone as a buyer on my account because he could bid up some piece of junk, not pay for it and they would come after ME for the money.
Sounds like you are leaving something out. Like maybe you asked ?
