Financial Practicalities
I've got a practical question:
3 years ago, as a present, I got us a car, because my credit was good. The deal was that I would take $200 out of the rent I paid him and put it toward 'his' portion of the car payment. I was responsible for the rest of the car payment and the insurance. (I didn't take him off the insurance for the DUI, since he went through the county program and it wasn't registered as an offense with the DMV).
Now, I've moved out. I don't use the car very much, about once a week; he uses it for work. It's mildly inconvenient.
I was using my rent $ to pay for the car payment. Now I pay almost 2.5x the rent, plus the full car payment. I don't think this is fair, and yet, I got the car for him to use for work.... I'm not sure what would be fair. Ideas?
I think I'll offer him several deals:
1. he can take over the car payments and get his own insurance.
2. he can give up the car completely and get his own car and insurance.
3. I can give him some cash to get his own car, since this was originally a type of present.
4. I can give him the car and continue to make payments ...NOT! :rotfxko
5. ?????
I'm open to your ideas! Thanks!
- Sylvie