On 4/26/2021 9:08 AM, Boron Elgar wrote:
> On Sun, 25 Apr 2021 19:35:14 -0400, jmcquown >
> wrote:
>
>> On 4/25/2021 4:20 PM, Boron Elgar wrote:
>>> On Sun, 25 Apr 2021 14:22:50 -0400, Ed Pawlowski > wrote:
>>>
>>>> On 4/25/2021 1:20 PM, dsi1 wrote:
>>>>
>>>>>
>>>>> My late dentist use to have a 2003 Infinity G35 coupe. Hoo boy, what a looker that car is! He told me he was going to give it to his son when he got his driver's licence. That made me sad. Giving a kid that car is just asking for trouble. In fact, that car is too good for any kid. He must have made good on that because I'd see him driving some ratty sedan. That's just depressing! It's probably what killed him.
>>>>>
>>>>> https://www.youtube.com/watch?v=92FJLlCjBec
>>>>>
>>>>
>>>> Giving a kid a car is foolish no matter what it is. They appreciate
>>>> having it and will care for it more if they paid for it.
>>>
>>> I hope all recipients take this to heart if a fiance buys an
>>> engagement ring...
>>>
>>>
>> What?! An engagement ring is "a gift given in contemplation of
>> marriage". In most states, if the marriage doesn't take place it isn't
>> considered a gift and the ring should be returned. Not so with a parent
>> gifting their child a car. Especially not if they co-sign a loan for
>> said car... the parents will be stuck if the child defaults on the loan.
>>
>> Jill
>
> There are fewer legal constraints on an engagement ring than on a car
> purchase
>
Of course there are. But if someone buys a stupidly expensive
engagement ring and the couple breaks up, it's not the same as an adult
child defaulting on a co-signed car loan.

Jill