Reply to Would you give your child this car?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here and I’m completely embarrassed and humbled. I must have scrolled to the wrong number on KBB because I was way off. But you’ve all given me something to ponder and now I’m really second guessing my thought of charging her. You all made some really valid points. I’m going to really consider reconsidering. I guess I’m completely out of touch. You all are harsh, but make good points![/quote]

I disagree with the other posters saying you should just give her the car. We sold our old car to our daughter. We did give her a very fair price - about $2K under blue book. We're not a family that just gives our kids everything they want. We believe in teaching them financial responsibilities and paying for a car that they will use exclusively is part of that. She also pays for insurance, gas, and any repairs. Our daughter was in college at the time and she was taking the car with her so no one else would be using it. [b]Just giving your kids cats is how you end up with 30 YO still financially dependent on their parents.[/b] [/quote]

No it's not.

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