Ask a Lawyer and Get Answers to Your Legal Questions
Hi and welcome to JA. Ray here to help you today.Please bear with me a few moments while I review your question and respond.
If you have title to the truck here you can keep title here until it is paid for.He can have insurance on it with it still in your name.Keeping title here is really in your best interests.You can do a lease agreement but keep legal title so you have right to repo until it is paid for.I think that protects you the best in such an arrangement.
Having a lease agreement with payments listed but you keep legal title allows you to repo if they default.
You are welcome, possible lease agreement
If you can positive rate it is much appreciated.