4.6 • 682 Ratings
🗓️ 13 July 2024
⏱️ 8 minutes
🧾️ Download transcript
Click on a timestamp to play from that location
0:00.0 | Brought to you by the Every Dollar app. Start budgeting for free today. |
0:06.5 | So I was wondering what your thoughts were on, signing over a vehicle title to an ex-business partner. |
0:17.6 | Tell us more. I think there's some history here. |
0:21.5 | Is there a good relationship with this ex-business partner? |
0:24.7 | I mean, they didn't leave on really great terms, but they're still working through issues. |
0:31.2 | And this is one of them. |
0:32.6 | It's a somewhat newish mountaineer, and you know those can get kind of or no wagoneer |
0:39.1 | oh those are expensive pricey yeah so um the partner the ex-partner used like 60,000 to |
0:46.6 | put a down payment on it and then the rest 35,000 I think is left but the original loan was for |
0:52.9 | 40,000 um and it, is left, but the original loan was for 40,000. |
0:56.0 | And it's in the business's name. |
0:58.8 | And the partner has since left. |
1:01.3 | And he's asking for the title to be signed over for 35,000, which I think is the remainder |
1:08.8 | of the loan. |
1:15.6 | And I just don't see, yeah, what do you think? |
1:19.6 | Well, let me just make sure I understand. So you guys own the business. This was a person that was a partner with you. He said, I need a new vehicle for work. So I'm going to do this through |
1:24.8 | the business money. Spent $40,000 on a Wagoner. |
1:28.9 | Now he's no longer part of the company. And he's like, I want to keep the Wagoner, basically. |
1:33.6 | So can you guys just turn the title over to me and I'll just keep the car and pay the payments? |
1:39.5 | Yeah, that's what he's saying. Yeah, he used 60,000 of the company money, just out of the company money. |
1:45.8 | Oh, company money, not their income. Oh, I see. Yeah, it was just company money that was in the company bank |
1:53.2 | account that he used to put a down payment on the vehicle. And then they find, and he financed 40,000. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Ramsey Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Ramsey Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.