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Straw Purchase |
Also found in: Wikipedia | 0.01 sec. |
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Straw Purchase In auto sales, the purchase of a vehicle for another person. In a straw purchase, the official owner assumes all liability and pays all expenses, but does not ordinarily use the car. A straw purchase may occur if the driver has little money or insufficient credit history to buy the car on his/her own. For example, a mother may buy a car in her name with the intention of letting her 16-year-old son drive it. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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