Is Straw Buying Cars Illegal Info

Straw buying a car is because it often involves committing fraud on a loan application . In the context of vehicle sales, a straw purchase occurs when someone with good credit finances a car for another person who cannot qualify, with no intention of being the primary driver or making the payments themselves. Why It Is Considered Illegal

: Hefty fines, repossession of the vehicle, or revocation of professional licenses for dealers. is straw buying cars illegal

The penalties for an illegal straw purchase can be severe for both the buyer and the driver: Straw buying a car is because it often