I have recently moved to USA. The first thing I did, was buying a used car. Since I still didn't have me Driver's license, SSN etc, I figured it was easier to get the title under my friend's name. She has 2 other cars on her insurance. I am the only one to use the car and I asked to change the title to my name (I have now my driver's license and SSN). She said is no need to change and that the insurance will be higher on me.
What is the risk of having the title on her name? she is a close friend, and I trust her, but am not sure this is the best to be done!
On top, I need to build up the credit since I am new in the USA, and I anyway pay her for the insurance. Please advice, thanks a lot!
What is the risk of having the title on her name? she is a close friend, and I trust her, but am not sure this is the best to be done!
On top, I need to build up the credit since I am new in the USA, and I anyway pay her for the insurance. Please advice, thanks a lot!
