What's the best way to buy a car for my step daughter?
Discussion
aka_kerrly said:
Given her apparently poor financial history I'd chuck £1k on a Aygo/C1 , honda jazz or something of that nature and not expect any money back.
Something like this
http://www.autotrader.co.uk/car-details/2023091218...
If she doesn't like it/appears ungrateful then tough sodding luck. It's a functional car and if she wants a nicer car she can get shot of the horse(s)/ get a cheaper hobby until she can afford it.
Sorry if that sounds harsh but if you've previously given thousands with no real attempt to repay she will never learn her lesson.
I concur with this approach. She can then buy an £8k car when her credit rating or saving are in a better position. Our 2nd car is a 13 year old 1 series BMW with 70k on the clock, probably worth about £1500. As much as we'd like 2 £30k cars on the driveway, it does everything we need and is comfy enough for long runs down the country - cheap to run too. I think an £8k car, given the history and circumstances is very generous and a tad unnecessary. Something like this
http://www.autotrader.co.uk/car-details/2023091218...
If she doesn't like it/appears ungrateful then tough sodding luck. It's a functional car and if she wants a nicer car she can get shot of the horse(s)/ get a cheaper hobby until she can afford it.
Sorry if that sounds harsh but if you've previously given thousands with no real attempt to repay she will never learn her lesson.
Cold said:
Financially, you can cope but what about all the emotional fallout from her failure to pay you back. Just buy a cheapo car (definitely not £8k's worth!) and give it to her as a present. Feelgood factor all round and her transport problems solved.
Absolutely this. She's taking the piss. If you don't want to remind her she didn't pay you back last time then make up an excuse as to why you can't afford more than £1k.
Back to one of my earlier questions....
If I buy it and own it (as confirmed by a simple contract of sale with the seller), but complete the registration documents in her name so she is the registered keeper and responsible for MOT, tax and insurance etc, does the fact that she is the registered keeper but NOT the owner make it tougher for her to insure?
If I buy it and own it (as confirmed by a simple contract of sale with the seller), but complete the registration documents in her name so she is the registered keeper and responsible for MOT, tax and insurance etc, does the fact that she is the registered keeper but NOT the owner make it tougher for her to insure?
Here you go OP:
https://www.autotrader.co.uk/van-details/202208028...
£10k on a horsebox.
You keep it, she can use it whenever she wants, you can rent it out\drive it for other horsey people and be quids in, or even better, she can and pay you back for the horseybox.
Then once it's paid for, you gift her it, thus helping her out, she uses whatever she makes moving horses around and get's her own car.
What's not to love?
My commission is 10%
https://www.autotrader.co.uk/van-details/202208028...
£10k on a horsebox.
You keep it, she can use it whenever she wants, you can rent it out\drive it for other horsey people and be quids in, or even better, she can and pay you back for the horseybox.
Then once it's paid for, you gift her it, thus helping her out, she uses whatever she makes moving horses around and get's her own car.
What's not to love?
My commission is 10%
Enut said:
Back to one of my earlier questions....
If I buy it and own it (as confirmed by a simple contract of sale with the seller), but complete the registration documents in her name so she is the registered keeper and responsible for MOT, tax and insurance etc, does the fact that she is the registered keeper but NOT the owner make it tougher for her to insure?
or If I buy it and own it (as confirmed by a simple contract of sale with the seller), but complete the registration documents in her name so she is the registered keeper and responsible for MOT, tax and insurance etc, does the fact that she is the registered keeper but NOT the owner make it tougher for her to insure?
Just give her the sodding money and stop messing around, why do you have to be involved at all?
Enut said:
To all those suggesting a cheaper, smaller car, it needs to be able to tow a horse box, get up and down farm tracks and be reliable as she works with horses.
The more the car you buy her costs, the more cash she'll have when she sells it to buy the 4th horse.She can't need the car that much or she wouldn't have sold it to buy a horse.
mcdjl said:
The more the car you buy her costs, the more cash she'll have when she sells it to buy the 4th horse.
She can't need the car that much or she wouldn't have sold it to buy a horse.
To be fair, once she's got 4 horses, she's got the solid basis for a business breeding horses to sell to other people that have sold their car. Could pay for a much better car and a bigger horse box in the long run.She can't need the car that much or she wouldn't have sold it to buy a horse.
Enut said:
To all those suggesting a cheaper, smaller car, it needs to be able to tow a horse box, get up and down farm tracks and be reliable as she works with horses.
£2000 for a Kia Sorento. May not meet her fashion requirements but bloody good as a budget tow vehicle, reliable, 4wd and good ground clearance and if she is carrying horsey stuff in the car it will end up a mess so don't splash on a flashy car.Does she have a licence to cover towing a horse box above 3.5t?
Enut said:
Back to one of my earlier questions....
If I buy it and own it (as confirmed by a simple contract of sale with the seller), but complete the registration documents in her name so she is the registered keeper and responsible for MOT, tax and insurance etc, does the fact that she is the registered keeper but NOT the owner make it tougher for her to insure?
Just give her the money and make her promise to give it back to you.If I buy it and own it (as confirmed by a simple contract of sale with the seller), but complete the registration documents in her name so she is the registered keeper and responsible for MOT, tax and insurance etc, does the fact that she is the registered keeper but NOT the owner make it tougher for her to insure?
What is the point in messing around with ownership details and stuff?
If she defaults on paying you back are you really going to repossess her car? She's your step-daughter - even if you think that you will or that you want to, the reality is that you won't......
Give her as little money as she needs to get a cheap, reliable car for towing her horses. Expect not to get the money back.
Enut said:
Another project said:
If you're that concerned about not being paid back don't lend the money, let her go and buy one on finance. That much money being loaned to family can cause unnecessary family issues
She can't get finance, previous money problems (hence her owing me money due to bailing her out) have seen to that.£4k will get her a really nice clean decent motor. Of course if she wants a Q7 to go with the horses....
Enut said:
However I am going to do this and I'm a big boy (although not a powerfully build company director)....
..and yet seem unsure of how to buy a car for your stepkid...
IMHO, ironically, you are not helping her! My daughter will be having a £3k A3 in a few months, perfectly decent, clean motor.
Enut said:
Back to one of my earlier questions....
If I buy it and own it (as confirmed by a simple contract of sale with the seller), but complete the registration documents in her name so she is the registered keeper and responsible for MOT, tax and insurance etc, does the fact that she is the registered keeper but NOT the owner make it tougher for her to insure?
Re-insurance Just asking what she does as you mentioned she needs vehicle to tow horses & works with horses, is this a business vehicle to insure ? other folks animals potentially in transit?If I buy it and own it (as confirmed by a simple contract of sale with the seller), but complete the registration documents in her name so she is the registered keeper and responsible for MOT, tax and insurance etc, does the fact that she is the registered keeper but NOT the owner make it tougher for her to insure?
I’d just buy her the car & put everything in her name with an agreed monthly payment & let her sort everything out herself if you comfortable losing it all.
Physically pay for the car though otherwise £8k will be either £7k car plus £1k horsey stuff or worse £2k deposit & a horse with monthly car payment that’s “more important” than your payment.
Sadly seen this behaviour so many times with horsey girls, so much so that organisations I worked for instructed salesman no credit if there was a horse in someone’s yard!!
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