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SladesMommy · 10-19-2007, 08:02 AM

I don't think parents should buy their kids cars.... help maybe, but just givee it to them, no.

My mom made me pay for my car. My sister (who is 20 yrs older than me), cosigned for it so I could get a better interest rate since mom's credit wasn't the best from owing a bunch of bills when she had cancer.

I worked everyday after school and on the wknds to make payments on my 1997 Jeep cherokee. Mom would help a tiny bit the interest. When I was 20 it hydroplaned and hit a tree and almost killed me. I only had a yr left to pay on it, but by the time the insurance took out deductables and paid GMAC what I owned on the car I was left with $800. Not enough to replace it so I had to buy another car and start making payments on it. It is CRAP and has been broken down for 8 mnths, so it looks like I'm going to have to began making car payments on another car soon.

BUT... I appreciate my vehicle alot more than most whos parents handed it to them.

10-19-2007, 08:02 AM	#9
SladesMommy Donating YT 4000 Club Member Join Date: Mar 2007 Location: ATX Posts: 4,513	I don't think parents should buy their kids cars.... help maybe, but just givee it to them, no. My mom made me pay for my car. My sister (who is 20 yrs older than me), cosigned for it so I could get a better interest rate since mom's credit wasn't the best from owing a bunch of bills when she had cancer. I worked everyday after school and on the wknds to make payments on my 1997 Jeep cherokee. Mom would help a tiny bit the interest. When I was 20 it hydroplaned and hit a tree and almost killed me. I only had a yr left to pay on it, but by the time the insurance took out deductables and paid GMAC what I owned on the car I was left with $800. Not enough to replace it so I had to buy another car and start making payments on it. It is CRAP and has been broken down for 8 mnths, so it looks like I'm going to have to began making car payments on another car soon. BUT... I appreciate my vehicle alot more than most whos parents handed it to them. __________________ GIGANTIC DOG CLOTHES SALE!!! <--- CLlCK!