Results 1 to 2 of 2
  1. #1
    Join Date
    Jun 2016

    Question Straw Buyer of Vehicles is Keeping a Car While Seeking Better Compensation

    My question involves a consumer law issue in the State of: Illinios

    I have a dear friend who works for a company that exports cars. They use him as a straw buyer to purchase new cars and then "sell" them back. I was just informed that they do not give him a W2 or 1099. Upon doing my own research I have read that this is very questionable legally and there has been cases ongoing the buyers and exporters. After telling my firend, he decided to keep the last car purchased until the export company pays him a better wage to pay for any future tax penalties. Since he was the "technical" buyer of the car, are there any legal issues he is facing for not "selling" the car back?

  2. #2
    Join Date
    Sep 2010

    Default Re: Straw Buying, Compensation for Car

    It's definitely of questionable legality. Did he receive money to purchase the last vehicle?

    1. Sponsored Links

Similar Threads

  1. Loan Agreements: Can a Lender Cancel a Car Loan if They Think You're a Straw Buyer
    By rcm535 in forum Cars and Dealerships
    Replies: 2
    Last Post: 03-13-2014, 11:40 AM
  2. Traffic Accidents: Auto Accident, My Fault, Seeking Monetary Compensation from My Own Insurance Company
    By batman123 in forum Accidents and Injuries
    Replies: 1
    Last Post: 01-12-2013, 04:31 PM
  3. Sales Agreements: Straw Purchase Gone Bad
    By Theotis in forum Cars and Dealerships
    Replies: 6
    Last Post: 01-27-2012, 09:25 AM
  4. Auto Insurance: After Accident, Other Party's Insurance Seeking Compensation
    By sob in forum Insurance Law
    Replies: 2
    Last Post: 06-07-2009, 05:47 PM
  5. Keeping the deposit as liquidated damages after a buyer cancels
    By jklow888 in forum Buying, Selling and Conveying Real Estate
    Replies: 3
    Last Post: 06-08-2006, 04:09 AM
Sponsored Links

Legal Help, Information and Resources