Promise To Pay Agreement For Vehicle: Fill & Download for Free

He doesn't want you to buy a car in your name because you have “better” credit - he wants you to do it because he has bad credit. That means he has demonstrated to banks that he doesn't pay his bills on time.Stay with me on this for a minute, because it's important to understand what I'm about to say:People, especially young people, make mistakes when it comes to personal finance. It happens. And most of the time, they learn from those mistakes and move forward making better choices.But he isn't there yet, and this is not one of those times.A person who had made mistakes, earned a bad credit score, and was ready to turn it around wouldn't be asking someone else to take out a loan for them, because that wouldn't help them repair their own credit. A person who had improved their financial decision making would say “Well, I’m going to have to take the hit here and get a less expensive vehicle with a terrible interest rate for a little while, and after I make that payment on time every month for a year, my credit score will have improved and I can trade up.”That's what a responsible person, who knows they are able to make good on the promise to pay, would do.But that's not what your guy is doing. Your guy is trying to make another bad choice. He isn't at all interested in repairing his credit score, he wants to circumvent it by leveraging yours, so he can get what he wants without the risk.If you care about him, and yourself, don't let him make that mistake.If he doesn't actively work to repair his damaged credit, you will always be risking yours. If he's unable to pay, or you break up, or he simply gets tired of paying for it, you will be the one responsible for making good on the loan. And all it takes is one missed payment for your borrowing power to be diminished, just like his is now.The bank won't care about your agreement with him. Your signature will be the one on their records, and you will be the one they come after if this goes south. Even if he signed a promissory note to you, it doesn't matter - the bank will not magically honor that and choose to go after him instead. Legally, they can only go after you. Your signature, you’re responsible, period.Think about where that leaves you, as a couple or as an individual, when you both can't get a decent loan.Encourage him to work this problem out on his own, by saving some money and choosing a less expensive car that he can pay CASH for, or by helping him find a lender that works with higher risk borrowers. The latter is the only way he can start repairing his credit score, and start proving to banks that he is no longer a risk and is now a trustworthy borrower. If he's hesitant to do this, that should tell you something…Finally, there's this other piece of the puzzle I haven't even mentioned yet - it's called the debt to income ratio. It's a factor in your credit score. If you take on another loan, but your income hasn't sufficiently increased to justify it, your debt to income ratio is higher. This will lower your credit score, because banks see a lot of debt that isn't justified by your income. That means even if he did pay on time every month, your credit score will go down, because the banks think you have too much debt for the money you make.Do not get a loan for him. Do not co-sign a loan for him. Do not risk your financial future on his promise to pay. None of these things help him fix his own credit, and all will hurt yours.

It was 1977.2 weeks had passed since the release of the Tamil film ‘16 Vayathinile’.The movie opened to good reviews and this success brought many movie-offers to the antagonist of the movie, Rajinikanth.That’s when a renowned producer approached Rajinikanth for a movie. They were discussing remuneration and finally settled for ₹6,000, of which ₹1,000 would be the advance. The producer didn’t have any money on him then. The producer promised him that he’d pay the advance the next day along with the formal agreement for the movie which would be brought by the production manager.When the production manager arrived, he had no clue that he was to pay Rajinikanth. When Rajini contacted the producer on phone, the producer assured him that he would receive his advance before he applied his make-up at the shoot location the next day.The next day at shoot, in AVM Studios, Rajini was still not paid the advance which led to an argument between the production team of the movie and Rajini. That’s when a white-coloured Ambassador car made its way into the location.He shouted at Rajini:What is this? Have you become such a big hero? You are only four films old. Now itself you are saying you would not act without first getting money. There is no role or money for you. Get out of the film set!!That is when Rajini asked to be dropped at the location he was picked from or at least give the taxi fare for his way back. The producer yelled:Who would give the taxi fare? There is no car for you! Now get lost.And he was thrown out of the studios.Four years later, after a few more successful films, Rajini had bought a used Fiat car from the owner of the AVM Studios. He hired an Anglo-Indian driver for the car and gave him a uniform, cap and a belt.Take me to AVM!!Rajini ordered the driver.He then ordered the car to be parked at the same place where the producer stopped his Ambassador. The driver opened the car for Rajini.He got out and smoked a 555 cigarette while leaning on to the vehicle for some time. He didn’t speak a word while staring at the producer.You can mess with anyone, but not with Rajinikanth.

I have a hyundai car and I had taken insurance online from ICICI lombard.In 2015, a drunk truck driver rammed into my car and destroyed all facade of the front and damaged both front doors.(My car in service center after being towed)I called roadside assistance and they sent a tow truck in 1 hour. I took a lot of pictures of the damaged parts of the car and then shot a video right there. Then the truck towed the car to my dealer’s service center (Deep hyundai, peeragarhi, new delhi) at 10:30 PM. I took pictures of the car from all sides again and went home.Next day, I went to the service center and sat with their executive. He took my insurance details and asked me to email him all images and sign some forms. I had not filed an FIR because no one was hurt and owner of the truck agreed to pay 10,000 rupees on the spot to foot the bill and promised to pay any other amount required for repair. This agreement was done in front of local police inspector on the spot.I was told that it will take upto 2 weeks.I received a few sms from ICICI that they have assigned someone to oversee my case and I could contact him if required but after 10 days my car was ready for delivery. I had to pay some 8,000 rupees out of total bill which was 1,32,000 rupees. I never contacted ICICI at any point of time. They took care of bill automatically.So, you can buy online insurance policy with full confidence.You need to do following things whenever you are in an accident to get proper claim:Keep yourself composed. You will be in shock but if you and anyone else is not hurt then thank your stars.Do NOT move vehicle yourself.Take pictures of your vehicle from ever possible angle. Every damage must be photographed.Take video of the scene. Film your car, the other vehicle involved in accident and surrounding.Call the police. Movies have tought us that they come last and don’t help but you need them. I was offered water, food and all sorts of help from PCR van.Go to authorised service center and present everything calmly. Do not blame the car manufacturer unless it was really the cause of the accident.I hope it helps you in making decision.