Is this legal/doable?

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Is this legal/doable?

Postby miand123 » Wed Apr 25, 2012 7:09 pm

My friend qualifies for an auto loan though his bank at a rate of 3.4%, but only for a NEW car or one from a PRIVATE PARTY.

He's got his heart set on one from a used lot, but the rate is 5.75%.

I'd like to purchase the vehicle for him, in escrow, and have him buy it from me, in escrow as a PRIVATE PARTY, and if possible, NOT pay taxes twice on the title transfer.

Is this possible?

Could I be an escrow agent/company and accomplish this myself? (sky's the limit, right? :)

Could I obtain a car dealer's license to accomplish this?

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