Can my father-in-law assume my order?

[tykazowsky]

I'm obsessed with the maverick and I really want to keep it but my current car is paid off and still chugging.

I was thinking about selling it but my father-in-law is trying to shop for a new vehicle and he is interested.

Can he finance and assume my order or would I have to buy it and then sell it to him.

I'm scheduled for production in August.

Thanks so much for your help.

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[Chicolini]

In my experience, no.

Unless he moves in with you, maybe...

 

[palmtreefrb]

Would it be possible to register the title in both your names while filing out the purchase contract?

 

[a***h]

I assume you can read? If you read the same rules I read, the answer is no. So you can buy the vehicle and sell it to him.

 

[atomguy245]

The Maverick takes so long to build we are talking about inheriting the orders

 

[jsus]

I'm obsessed with the maverick and I really want to keep it but my current car is paid off and still chugging.

I was thinking about selling it but my father-in-law is trying to shop for a new vehicle and he is interested.

Can he finance and assume my order or would I have to buy it and then sell it to him.

I'm scheduled for production in August.

Thanks so much for your help.

Any price protection and rollover/transition offers require that the vehicle be sold to you (or someone who can prove they reside at your address).

If you do not buy the vehicle, it's legally the dealer's to do with as they see fit. If they typically charge over MSRP for other Mavericks, then they'll probably want the same markup for yours. You may or may not get them to agree to sell it to your FIL at the MSRP on the window sticker (which may be higher than when you first ordered).

The only semi workaround would be if both of your names were on the title. Typically, that requires that any financing is in both names, meaning it would either have to be your loan with him as a co-signer or vice versa. Don't recommend you get into a shared ownership situation unless you understand the risks and it fits your mutual goals.

You'll need to talk to your dealer to see if they're willing to let you forfeit the order and then sell it to him.

 

[Ozarkbeard]

You may be able to have him co-sign on the loan. Then, when paid off, you may (depending on state laws) be able to have it re-titled in just his name. Or sell it to him for a dollar. Where I live, any vehicle sold for under $4K is not charged any sales tax when sold/transferred to a new owner.

 

[MakinDoForNow]

The Maverick takes so long to build we are talking about inheriting the orders

Likely not unless the order was accepted as some variation of Buyer as "Joe Last Name His heirs and/or Assigns" then that would have to be listed the same on the DORA also to keep Ford happy with Dealer most likely. In Texas if you purchased and then "gifted" the truck to him, he would also owe sales tax even if BUYER paid it a week ago. MAYBE MAYBE MAYBE if dealer will put both names on the bill of sale and he personally takes paperwork to county clerk and registers In his name only. That is a LAWYER QUESTION. CAN GET REAL TRICKY VERY QUICKLY!

 

[JBryant]

I honestly think it depends on the dealer. If you refuse, the dealer can sell to whomever they want and at what price they want. If they are willing, why can't he buy it from them if they are willing to sell at MSRP? No difference than if they sell it to John P. Customer.

 

[MavHarbin]

Likely not unless the order was accepted as some variation of Buyer as "Joe Last Name His heirs and/or Assigns" then that would have to be listed the same on the DORA also to keep Ford happy with Dealer most likely. In Texas if you purchased and then "gifted" the truck to him, he would also owe sales tax even if BUYER paid it a week ago. MAYBE MAYBE MAYBE if dealer will put both names on the bill of sale and he personally takes paperwork to county clerk and registers In his name only. That is a LAWYER QUESTION. CAN GET REAL TRICKY VERY QUICKLY!

I moved to another state from Texas earlier this year. I am thinking to let my wife (still texas resident) taking the ordrer of my23 XL which will be built end of August. From your information here, it is no a no go?

 

[Ponchsox]

Depends on the dealer. An honest one might let your FIL buy at the same price as you would have paid.

 

[lsudelts]

I'm obsessed with the maverick and I really want to keep it but my current car is paid off and still chugging.

I was thinking about selling it but my father-in-law is trying to shop for a new vehicle and he is interested.

Can he finance and assume my order or would I have to buy it and then sell it to him.

I'm scheduled for production in August.

Thanks so much for your help.

Joint buy and change the registration after it’s purchased. He can refinance.

 

[a***h]

The Maverick takes so long to build we are talking about inheriting the orders

I have to agree, I was considering just adding it to my trust. Since I will probably not live long enough to to actually drive what I ordered.

 

[MakinDoForNow]

I moved to another state from Texas earlier this year. I am thinking to let my wife (still texas resident) taking the ordrer of my23 XL which will be built end of August. From your information here, it is no a no go?

Easiest is for dealer to sell it too him and title it in his name and he registers it in his state of residence. As I understand it the dealer will be penalized (maybe by reduced allocations) if buyer at time of sale is not buyer at time of COVP. So depending on how many different sales to persons who did not actually order it the dealer has done already can affect his decision. Hopefully your wife's current address on Tex DL is still the same as yours was at time of COVP so they can match it to yours as presented at COVP. if it is the same the dealer can use her DL xerox copy to claim they sold it to your spouse because you were not available. If Ford in verifying dealers sales pulls a soft credit check to verify her address and if it's different than COVP Ford may penalize dealer for pulling wool over eyes. Applies also to other validations. Did you update your address with dealer when you moved? If you did then, I believe, she would have to have a matching address on DL and credit with you. So if dealer will just sell it to him that would be really great. Also if he elects to pay sales tax again be aware that Texas will calculate his sales tax not on what ever you claim he pays you ($10, $100, $?) but at whatever Current Market Value is even if that is twice what you paid for it a few hours or days before. I hate to be so negative. I gave a 2018 pickup to my out of state residing son two years ago and had to sign affidavits assuring that it would not be paid for and was in fact a gift. In Texas it is referred to as a sales AND use tax so technically if you purchase it for resale you will not have to pay sales tax if you never used it. But that's another can of worms. Maybe if he offers to purchase a maintenance plan and/or extended warranty dealer will sell it directly to him? Is your dealer an MSRP DEALER?

 

[jpdurr]

First ask the Dealer, they may say yes, ok.

2nd, you could create a DBA (usually about $30 at the County Office) and then this could take Ownership and registration (you are the beneficiary as the sole proprietor of the DBA Business). Then you could sell the DBA to your Father in Law for the nominal sum of $1.

It's paperwork but it could work.

Else, it's all in your name but it's all his money paying for it (depends on your relationship with him) Put both of you as registered drivers on the insurance policy and have that policy reflect that it is garaged at his address.

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