Sounds like a great way to lose a buddy.

It is very tough to make it work,,,, run,,,

If you cant run ,,, then ,,, go to your bank and ask them to recieve the payment ,,, take your friend to the bank ,, and go thru the process,,, leave him with the impression that he is making the payment with the bank and it will affect his credit ,,, then if the deal goes south ,, just have the boat repoed and you are not in the middle as bad as if you were the bank !!!!

RHC

As everyone else has said, don't do it! You will risk not only your money, but your friendships. :(

I did this once on a boat and I would NEVER do it again. I ended up having to repo my own boat back (after pushing his car out in the street to gain acces to my boat). It was a nightmare. The boat came back destroyed. Never again. If they can't get bank finacing, they don't need the boat. Dave

BINGO !

I wouldn't. If they could afford it, they would be able to get a loan.

Bad Idea For Sure!
WILL TURN THIS :cool-smiley-026: INTO THIS :angry-smiley-038:

BAD idea - friends and money don't workout

No way!

you haven't said if they couldn't get a loan or whether you were just trying to facilitate a deal. enlighten us.