Car Loan Question

[Joel Owens]

So I have a childhood friend with a heart of gold but he always seems to get behind the 8 ball financially.

He went to one of these bad credit places and he owes 250 a month for a car worth 1,800 and payoff is about 4,000. He is fixing to finish music recording school as an sound tech in about 3 months and then should be able to land a job.

My brother owns a car dealership and I can get the same car much cheaper or his current car this car place made a buyout offer. Is there a way once they pay off on a loan to put the car in a trust where the title cannot be pawned again for money? I am trying to get my friend to stop making excuses for his life and start learning budgeting skills. Current buyout offer is 2,500 but too high. My friends credit is trashed.

I was thinking a low interest loan and if he doesn't pay me as promised then repo person comes out. I would already have it in the documents that if one payment is late the order is already signed to execute.

Thoughts??