Don't say 'I do' to car loan for fiance

Dear Terry,
My fiance has bad credit, but I have excellent credit. He wants to buy a truck, but it will take months to fix his credit report and receive a low interest rate. Should I take an auto loan in my name, and assign him the title of the truck? Is this even possible to do?
-- Heather

Dear Heather,
Do not, under any circumstances, take out a loan to buy your fiance a vehicle. Until you're married and have some legal ties that bind you together, he could back out of the marriage, disappear with the truck and leave you holding a large loan.

Maybe he's not such a cad and wouldn't do that, but too many people in your situation have had bad experiences. Once you are husband and wife, buy him a truck as a wedding present if you want.

Here are this week's reader questions:

• Trading in gas guzzler may cost you • Should I take out a loan for my fiance? • Can a lender pursue payment after a repo? • Will a "voluntary repo" trash my credit?

If you have a question for Terry, e-mail him at Driving for Dollars. Save money on your car -- sign up for Bankrate's new weekend Car & Money newsletter.