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Is Straw Buying Cars Illegal File

: Most auto loan contracts explicitly require the borrower to be the primary driver of the vehicle. Failing to disclose that the vehicle is actually for someone else is a form of misrepresentation or deception against the lender .

: If the intended driver defaults on payments, the straw buyer is solely responsible for the debt, which can ruin their credit score. What Is Legal is straw buying cars illegal

Not every purchase for someone else is illegal. These situations are generally permitted: What is a Straw Purchase for Cars - Is It Legal? - Autolist : Most auto loan contracts explicitly require the

The penalties for an illegal straw purchase can be severe for both the buyer and the driver: What Is Legal Not every purchase for someone

: Hefty fines, repossession of the vehicle, or revocation of professional licenses for dealers.