We have sold a used car to a family member, and every time something went wrong with it we would get a call asking if it did that when we had it...a thinly disguised attempt at making you feel responsible for it. But I have sold other things like dressers, and other furniture that turned out fine. I think it depends on the item. I bought a used computer from my brother once that turned out fine. I knew it was used, but I also knew he has a degree in computer technology, so I could get the most mileage from it possible.....what's that old adage?...You get what you pay for?...I believe that is mostly true.
We once bought a car from my MIL to give to our older daughter. It literally started falling apart on the trip home. When we finally got rid of it, we had to have it towed to the car dealership.
I never sell anything. I always give it away to close family members. My mom did sell things and it worked out just fine.
Last year, my mother and I both lost EVERYTHING in an Ice Storm in the woods. Nearly our lives as well. Pine trees destroyed our home and my vehicle. Early this year I bought an old clunker, pickup truck from my son in law. I left his name on the title because as I told him, eventually I wanted to get an economy car that could hold more than two people. I was going to give it back to him because he is always needing it for errands and hauling things for his family as well.
So a few weeks ago, I decided to put the insurance in my name when he dropped his insurance company for the truck and his car which I had been making payments on. He said that he wanted a different company that would lower their rates. But he dropped it before switching.
I don't want to drive around no insurance and when I went to apply for my own insurance on it they told me that the vehicle had to be put in my name.
So I am out even further expense. Which in turn also hurt his feelings. Now he thinks that I never meant for him to have the truck back.
Firstly, I paid a thousand dollars for this vehicle. Its not the nicest one I've ever had. I don't care to drive around uninsured. I didn't cancel the insurance, nor did I invent the law that says it has to be in the drivers name that is insured.
With all that said, last night he calls me up and tells me that he wants me to give him the truck as promised. He never offered to replace it with another vehicle, doesn't care that I would be on foot, nor did he offer to pay me back the money I gave him for it.
Sooo...I would say, that dealing with family, financially buying and selling, is a highly charged, emotionaly situation and frankly, as appreciative as I am of the vehicle all this time, the only reason I bought it in the first place was to help him and my daughter our financially and because they offered it to me when I began looking for wheels to get to and from a new job in a new location. It has a great motor in it.
It has been a bain of contention between us ever since, for one reason or another. He wanted it when I needed it or the insurance was late or whatever...
Frankly, if I had the money to just buy a new car and give him the darned thing I would...but at this point, I feel like selling it for the money I already invested and telling him to kiss my lilly white heart shaped....
:D
Singingheart
Could you get the insurance by putting it in both your names...Also when you wanted to give it back just sign over but be sure to make copies of the title after sign off in case he doesn't take your name off so you're not liable for anything...
doggonehappy, I have been driving for 35 years, never even had a parking ticket...So my insurance rates are generally very low...When I bought the truck they already had it insured and as I said I left it in his name so he could have it back someday when I got something better...
I have been giving them the $37.00 a month extra that they pay to keep on their insurance. Altogether they have been paying $110.00 a month for two vehicles, mine was liability only, the other a car they are buying is fully insured.
I ended up, putting both vehicles under a family plan in my name where we could all THREE drive them and they did in my name with my rates. It cost me $68.00 down and now my payments will be $46.00 a month.
They were dumbfounded by the new cost and humbled, so he hasn't said another word about it, he still gets to drive it and we are all saving money.
Eventually I'll forgive him for being a jerk about it...but for now...I have made it clear, that this is MY truck and I changed the title over to myself and my daughter so if something happens to me that they can still have it. But now he's off the title. I will not be bullied by family or anyone else...and that exactly how I felt...bullied...
Thanks for your advice, I appreciate the input... :)
Singingheart