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Give the car or not give the car - 8/28/2008 11:47:52 AM
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needwisdom
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Joined: 10/4/2005
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My wife and I disagree on giving our oldest son (19) one of our vehicles while he is away at college. The car would be his to use, we are not 'giving' it to him. We have two in college and we decided, that we would not pay for college for any of our 5 children but we would help as much as we can.
The car would be a benefit only for opening up employment opportunites. I have written a 'rental' agreement based on a standard rental car agreement which I believe will protect us if necessary (may be I'm wrong). If I thought he was incapable of handling this responsibility, I wouldn't consider it; my wife thinks its a bad idea.
Opinions?
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RE: Give the car or not give the car - 8/28/2008 11:55:57 AM
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Memaw.
Posts: 2459
Joined: 1/29/2007
From: Sunflower State
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What concerns does your wife have?
Does your son understand the agreement and would you be willing to "repossess" the vehicle if he fails in his agreement to you?
Is there a mileage limit for his use?
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RE: Give the car or not give the car - 8/28/2008 12:33:47 PM
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needwisdom
Posts: 3
Joined: 10/4/2005
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Concerns:
That he will do something irresponsible and it will affect the family.
I had to give him a kick in the pants to get a job this summer so she doesn't believe he's responsible enough to have the car.
Responses to those concerns:
I believe the rental agreement will protect us if the vehicle were used in any illegal activity (mind you, we have NO reason to believe that would happen). If he gets a speeding ticket that's on his license. If he gets a parking ticket, it comes to our house but he's responsible for the ticket.
After the kick in the pants, he not only got one job but worked three for a brief period, stepped up and paid his mother for his share of the expenses, and saved enough money to cover a portion of his tuition.
The agreement clearly states the conditions for him to keep the vehicle and he knows I have no problem driving the 6 hours to come pick it up.
I never thought about a mileage limit, I'll add that in.
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RE: Give the car or not give the car - 8/28/2008 7:55:28 PM
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MC4JC
Posts: 201
Joined: 7/6/2008
From: Minnesota
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IMO I would not lease him the car, but I'd just sell the car to him - for a low price - but insurance, maintenance, etc. would be his responsibility. That way you don't own the car, you don't own the responsibility that goes with it.
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RE: Give the car or not give the car - 8/28/2008 11:11:53 PM
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sisrev
Posts: 886
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From: The South, ya'll
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quote:
ORIGINAL: needwisdom
... I have written a 'rental' agreement based on a standard rental car agreement which I believe will protect us if necessary (may be I'm wrong).
Are you talking about liability in the case of an accident? You should check with your insurance company on this--if the car is still in your name, you are probably still responsible if your son has the car with your consent. Is your son a covered driver on this vehicle?
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RE: Give the car or not give the car - 8/30/2008 4:53:12 AM
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29redballoons
Posts: 707
Joined: 4/11/2005
From: Georgia
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Okay, have you had other problems with this child? Is this a step child? I guess this just sounds different to me. We "gave" ours a car at 16 for her b-day. We have raised her to the best of our ability and continue to do so. We trust her to behave accordingly until at which time she gives us reason not to do so.
Give the kid the car...he is 6 hours away...what if he needs to go somewhere and there is no other way to travel. Not all college kids are waiting to get a car so they can "live it up".
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RE: Give the car or not give the car - 8/30/2008 7:48:52 AM
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MC4JC
Posts: 201
Joined: 7/6/2008
From: Minnesota
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Why should a parent just "give" their child a car? DH's rule was "you want a car, you EARN a car". Seen too many problems with kids being handed a car and keys and no responsibility with it.
All our boys had to be working to earn the car and the insurance. I see no reason the poster cannot sell the son the car (cheap) and let the son take over the responsbility of the car and insurance.
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RE: Give the car or not give the car - 8/31/2008 1:11:05 PM
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Shatzie
Posts: 23
Joined: 10/5/2006
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quote:
IMO I would not lease him the car, but I'd just sell the car to him - for a low price - but insurance, maintenance, etc. would be his responsibility. That way you don't own the car, you don't own the responsibility that goes with it.
This is what we did when our daughter turned 18. When the car was purchased (at 16) she paid half, we paid half but the car was in my name. She then assumed all responsibility for it.
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RE: Give the car or not give the car - 8/31/2008 2:44:05 PM
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zoebob
Posts: 8775
Joined: 4/13/2005
From: land of limbo
Status: online
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quote:
ORIGINAL: MC4JC
Why should a parent just "give" their child a car? DH's rule was "you want a car, you EARN a car". Seen too many problems with kids being handed a car and keys and no responsibility with it.
All our boys had to be working to earn the car and the insurance. I see no reason the poster cannot sell the son the car (cheap) and let the son take over the responsbility of the car and insurance.
That's true. My college was 6.5 hrs away and except when I was student teaching I didn't have a car on campus. I lived in the dorm and ate in the cafeteria. The bookstore had things we NEEDED. You could cash checks on campus and there was a MAC machine. You weren't allowed to work off campus unless you were a non-traditional student.
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RE: Give the car or not give the car - 8/31/2008 6:59:44 PM
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29redballoons
Posts: 707
Joined: 4/11/2005
From: Georgia
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quote:
The car would be his to use, we are not 'giving' it to him. We have two in college and we decided, that we would not pay for college for any of our 5 children but we would help as much as we can
Okay, from the OP...they have the car...it is not "giving" it permanently...I really am not purposely being argumentative...this seems like a no brainer to me. Why would you not let your child use a vehicle that you own but do not need at the present? Maybe I am confused...but this is a concept I cannot comprehend. He is having to work to pay for school. He needs a car...I really do not think I could have paid for school and a vehicle at a college age.
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