# Anyone here a loan officer?
**URL:** https://forums.speedlife.net/t/anyone-here-a-loan-officer/8069
**Category:** NYSpeed Off Topic
**Created:** [February 12, 2006, 11:23am UTC](https://forums.speedlife.net/t/anyone-here-a-loan-officer/8069 "2006-02-12T11:23:31Z")
**Posts on this page:** 13
**Page:** 1
### Author:  [@SilencingMachine](https://forums.speedlife.net/u/SilencingMachine)
#### Post date: [February 12, 2006, 11:23am UTC](https://forums.speedlife.net/t/anyone-here-a-loan-officer/8069/1 "2006-02-12T11:23:31Z")
I have a question concerning “gifting” a car when I’m taking a loan on it… It might sound like a stupid question, but this would be my first loan (I’ve bought my other cars with cash) so I know nothing about loans…
The previous owner (a cop, lol) offered to gift the car to me to save on sales tax…
I would assume (using common sense here) that the purchase price on the title would have to be at least the loan amount, but wtf do I know…
**Please don’t speculate.** Opinions aren’t going to help me here, I need facts.
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### Author:  [@Dr.Stevil](https://forums.speedlife.net/u/Dr.Stevil)
#### Post date: [February 12, 2006, 1:02pm UTC](https://forums.speedlife.net/t/anyone-here-a-loan-officer/8069/2 "2006-02-12T13:02:40Z")
not true… I’ve got loans for many cars that were written down as being sold for very cheep
gifting I dont know about though… I’m pretty sure that really only applies to family members, but not positive on that
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### Author:  [@nitroinsane](https://forums.speedlife.net/u/nitroinsane)
#### Post date: [February 12, 2006, 1:14pm UTC](https://forums.speedlife.net/t/anyone-here-a-loan-officer/8069/3 "2006-02-12T13:14:15Z")
do it for a dollar
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### Author:  [@SilencingMachine](https://forums.speedlife.net/u/SilencingMachine)
#### Post date: [February 12, 2006, 1:21pm UTC](https://forums.speedlife.net/t/anyone-here-a-loan-officer/8069/4 "2006-02-12T13:21:11Z")
can i ‘buy’ it for a dollar, and take out a loan on it for $10,000? (i’m coming up with the balance on my own).
at this point i’m thinking that i’ll just write it up for $10,000. that will save me ~$400. it’s _something_ i guess… something \> nothing.
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### Author:  [@Dr.Stevil](https://forums.speedlife.net/u/Dr.Stevil)
#### Post date: [February 12, 2006, 3:09pm UTC](https://forums.speedlife.net/t/anyone-here-a-loan-officer/8069/5 "2006-02-12T15:09:50Z")
well, it all depends on the year and milage too… if you get a recipt written for 5.00 on a 2005 car with only 5,000 miles I’d think that it would raise a red flag
maybe the bluebook value and drop a grand or two
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### Author:  [@vq30de](https://forums.speedlife.net/u/vq30de)
#### Post date: [February 12, 2006, 3:13pm UTC](https://forums.speedlife.net/t/anyone-here-a-loan-officer/8069/6 "2006-02-12T15:13:10Z")
Yeah mike I wouldnt risk any problems, in my experience, youll be ok if you use your common sense
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### Author:  [@SilencingMachine](https://forums.speedlife.net/u/SilencingMachine)
#### Post date: [February 12, 2006, 3:13pm UTC](https://forums.speedlife.net/t/anyone-here-a-loan-officer/8069/7 "2006-02-12T15:13:57Z")
😉
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### Author:  [@vq30de](https://forums.speedlife.net/u/vq30de)
#### Post date: [February 12, 2006, 3:14pm UTC](https://forums.speedlife.net/t/anyone-here-a-loan-officer/8069/8 "2006-02-12T15:14:30Z")
are you buying a pink beetle to match your personality?
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### Author:  [@SilencingMachine](https://forums.speedlife.net/u/SilencingMachine)
#### Post date: [February 12, 2006, 3:26pm UTC](https://forums.speedlife.net/t/anyone-here-a-loan-officer/8069/9 "2006-02-12T15:26:46Z")
> [@vq30de](#):
>
> are you buying a pink beetle to match your personality?
you guessed it… i was trying to be snky. 🙂
nah it’s an 03 titanium edition 6 speed maxima. 😃
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### Author:  [@vq30de](https://forums.speedlife.net/u/vq30de)
#### Post date: [February 12, 2006, 3:28pm UTC](https://forums.speedlife.net/t/anyone-here-a-loan-officer/8069/10 "2006-02-12T15:28:57Z")
bah another slow family sedan i lol at you! oh wait, i drive one too ☹
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### Author:  [@SilencingMachine](https://forums.speedlife.net/u/SilencingMachine)
#### Post date: [February 13, 2006, 9:13am UTC](https://forums.speedlife.net/t/anyone-here-a-loan-officer/8069/11 "2006-02-13T09:13:36Z")
bigity bump :bump:
isn’t Nikuk a loan officer?.. i think i have his # somewhere…
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### Author:  [@MaximaSE98](https://forums.speedlife.net/u/MaximaSE98)
#### Post date: [February 13, 2006, 9:23am UTC](https://forums.speedlife.net/t/anyone-here-a-loan-officer/8069/12 "2006-02-13T09:23:08Z")
> [@SilencingMachine](#):
>
> you guessed it… i was trying to be snky. 🙂
>
> nah it’s an 03 titanium edition 6 speed maxima. 😃
can we say hotness…pics ASAP
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### Author:  [@SilencingMachine](https://forums.speedlife.net/u/SilencingMachine)
#### Post date: [February 13, 2006, 10:28am UTC](https://forums.speedlife.net/t/anyone-here-a-loan-officer/8069/13 "2006-02-13T10:28:30Z")
Nikuk answered my question. Thanks again man. 😃
Yeah pics as soon as I get some…