• MrJameGumb@lemmy.world
    59·
    2 months ago

    So he wants his friend to get a car loan for a brand new car, then sell the car they now owe a monthly payment on to him for $1000? Why would anyone ever do something so stupid? Is this just a description of how he plans to screw his friend out of a car and a ton of money?

    • nucleative@lemmy.worldEnglish
      10·
      2 months ago

      Maybe he hopes the friend would then default on the loan, and tell the bank they can’t repo the car because someone else owns it now?

      IDK, all stupid because this is why the bank holds the title and has a personal guarantee on the original borrower. His credit will get hosed, the bank will file a lawsuit, and the car will still be repo’ed.

      Then this sovcit is welcome to go try to tell a judge why he should get the car back.

    • Lung@lemmy.world
      39·
      2 months ago

      It’s actually a very sophisticated game of D&D where they are larping as lawyers in a world where they are not beholden to the spirit of the law

    • Flying Squid@lemmy.world
      191·
      2 months ago

      I always think of it like they’re trying to do real-world video game cheat codes. That’s why they’re always so weird about language. If they use the exact right code words, the unlock the cheat.

  • some_guy@lemmy.sdf.org
    41·
    2 months ago

    Is it their intent that the friend is on the hook for a loan with no car to show for it? I can’t tell if they think they’re also canceling the loan.

      • meco03211@lemmy.world
        3·
        2 months ago

        I think it’s more accurate to say they think their offering to pay in full. The cancelation comes if the loan holder doesn’t accept their “special deposit” (which now that I typed it out with quotes I can’t shake the association with ejaculation).

        I think the “special deposit” shudder is part of the whole “the gubmint has an account with millions of dollars tied to your name” shenanigans they try to play.

    • Chip_Rat@lemmy.world
      14·
      2 months ago

      Oh I’ll try!

      I think he thinks by buying the car for $1000 it’s his, contract fulfilled he paid for it noone can take it away.

      Ignoring how titles work and how you wouldn’t be able to get ownership transfered to you with the debt on the original vehicle purchase, he seems to think because he is in the clear (because he bought it legally for $1000) his friend won’t still be on the hook for the full price of the contract.

      So in his Iala land he would still be screwing his gullible friend over.

      I think that’s what he is saying…

    • Kanda@reddthat.com
      11·
      2 months ago
      1. Buy a car with a huge car loan
      2. Your friend buys the car from you
      3. ???
      4. Since you’re not the owner of the car, the loan magically disappears
    • Stalinwolf@lemmy.ca
      8·
      2 months ago

      Neither did I. My first thought was, “Maybe I’m not as adult as I thought.”, but I think this guy is just speaking out of his ass.

  • TheBest@midwest.socialEnglish
    13·
    2 months ago

    By their own logic, whats the point of paying even $1000? Why not just $1? Wouldnt that ALSO complete the contract or whatever?

    Motherfuckers just want ez fraud and no repercussions.

  • Fontasia@feddit.nl
    4·
    2 months ago

    This guy is somehow going to become even worse when he finds out about trusts and whatever he thinks those are from his cursory glance at Wikipedia