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Posted: Sun Mar 02, 2008 11:30 am
by bigbirdpurple
i have written off my car and need more advise on what to do? i am going to get some money for the car but whats the best thing to do?
make out i've paid my debts to family and friends and then put it towards a car and my parents will then pay the rest. its then their car but i'm on the insurance only.
can someone please advise me as i'm still unsure?
thank you x

Posted: Sun Mar 02, 2008 12:01 pm
by MelanieGiles
Hi bigbirdpurple and welcome to the forum

Sorry to hear about your car. But I am not sure I understand your query. What exactly are your proposing to do? If the car belongs to your parents, then surely this is an issue for them to deal with?

Posted: Sun Mar 02, 2008 4:40 pm
by Adam Davies
Hi
I'm a bit confused by your post.
Are you saying that you have written your car off and you are due to receive a payout from your insurance company.If so then you are free to use this money to purchase another car and if your parents want to add more to this money as a gift then that is fine
Regards

Posted: Sun Mar 02, 2008 10:24 pm
by bigbirdpurple
the car was mine and i wrote it off. mum and dad have suggested they get a car for me and make me a name driver.

Posted: Sun Mar 02, 2008 10:53 pm
by MelanieGiles
There is nothing wrong with your parents buying a car and then allowing you to use it, but I suggest that they retain ownership until you are free of your financial difficulties.