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  #1  
Old 06-25-2014, 02:27 PM
iwrock's Avatar
roflmonster
 
Join Date: Nov 2003
Location: Hella NorCal
Posts: 3,313
Family/financial advice...

Have a tough nut I haven't been able to crack... It involves family/money, so it's REALLY tough.

About a year ago, I bought a car off my sister - gave her exactly what she owed on it, so that she could pay it off and get the title. About 6 months ago, I asked her about the title, which she said "oh, I need to call on it, I think there was some residual still owed". Fine by me, car isn't taking up much space, and it was nice having something to small to beat around in. Fast forward to a month ago, and my problems with the F250. Wanted to sell the car to pay for part of my repair bills. Try to get ahold of my sister, and wasn't able to get ahold of her for a month....

When I was finally able to get in touch with her, she blew off the subject, telling me to get in touch with the bank on my own. Try the bank - no dice, I'm not the account holder.

Finally I decide to reach out to my brother in law (her husband). Chat with him for a few minutes, and he thought it was off that I never got the title. He does some digging and reveals to me that she never paid the car off, and that she still owes just under what I gave her, leaving me stuck with the car. I can't sell it, and now actually need the space back. (plus the money would be nice!)

What should I do? I can't think of any scenario, other than just giving her the car back, where I come out not looking like an *******. Do I just cut my losses to keep the peace in the family?

I thought about paying it off, then private selling it, but it's only worth like $700 more that what's owed on it, which doesn't really make financial sense.

*sigh*

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91 560 SEC AMG - other dogs dd
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  #2  
Old 06-25-2014, 02:34 PM
Registered User
 
Join Date: May 2011
Location: NYC
Posts: 6,030
Your sister sounds like a real piece of work, sorry to say. Guess you can't pick your family. In the future, treat any money given to her as a gift and expect nothing in return other than love if she's capable of it.
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  #3  
Old 06-25-2014, 02:38 PM
A Talent for Obfuscation
 
Join Date: Feb 2013
Location: In the Deep State
Posts: 18,557
Quote:
Originally Posted by iwrock View Post
Have a tough nut I haven't been able to crack... It involves family/money, so it's REALLY tough.

About a year ago, I bought a car off my sister - gave her exactly what she owed on it, so that she could pay it off and get the title. About 6 months ago, I asked her about the title, which she said "oh, I need to call on it, I think there was some residual still owed". Fine by me, car isn't taking up much space, and it was nice having something to small to beat around in. Fast forward to a month ago, and my problems with the F250. Wanted to sell the car to pay for part of my repair bills. Try to get ahold of my sister, and wasn't able to get ahold of her for a month....

When I was finally able to get in touch with her, she blew off the subject, telling me to get in touch with the bank on my own. Try the bank - no dice, I'm not the account holder.

Finally I decide to reach out to my brother in law (her husband). Chat with him for a few minutes, and he thought it was off that I never got the title. He does some digging and reveals to me that she never paid the car off, and that she still owes just under what I gave her, leaving me stuck with the car. I can't sell it, and now actually need the space back. (plus the money would be nice!)

What should I do? I can't think of any scenario, other than just giving her the car back, where I come out not looking like an *******. Do I just cut my losses to keep the peace in the family?

I thought about paying it off, then private selling it, but it's only worth like $700 more that what's owed on it, which doesn't really make financial sense.

*sigh*
Is the car still registered in her name? If so, start parking in areas well-monitored by meter maids and keep forgetting to feed the meter...

Find a mask that superficially resembles her, and start trying for a new land speed record while driving past speed enforcement cams.

BTW, I hope that you were making the liability insurance payments...
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  #4  
Old 06-25-2014, 02:41 PM
INSIDIOUS's Avatar
Not suffering fools today
 
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So you never registered it? Insurance with no title?

And she must be behind on payments now, perhaps they will repo it?
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  #5  
Old 06-25-2014, 02:55 PM
A Talent for Obfuscation
 
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Quote:
Originally Posted by INSIDIOUS View Post
So you never registered it? Insurance with no title?

And she must be behind on payments now, perhaps they will repo it?
They can't find it to repo it; it's not at her place...
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  #6  
Old 06-25-2014, 03:26 PM
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Quote:
Originally Posted by P.C. View Post
They can't find it to repo it; it's not at her place...
Can they report it stolen? Being in possession of a car on the stolen list would be bad juju.
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  #7  
Old 06-25-2014, 03:45 PM
iwrock's Avatar
roflmonster
 
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Quote:
Originally Posted by INSIDIOUS View Post
So you never registered it? Insurance with no title?

And she must be behind on payments now, perhaps they will repo it?
She added me as a driver to their insurance back when I bought it in anticipating of having to wait for the title.

Loan is still current, and is paid on time.
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91 560 SEC AMG - other dogs dd
01 Honda S2000 - dogs dd
07 MB ML320 CDI - dd
16 Lexus IS250 - wifes dd

it's automatic.
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  #8  
Old 06-25-2014, 03:50 PM
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roflmonster
 
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Edit - looks like she owed ~$600 more than I gave her for the car when I bought it, but now after a year, she owes what I gave her.
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-Justin

91 560 SEC AMG - other dogs dd
01 Honda S2000 - dogs dd
07 MB ML320 CDI - dd
16 Lexus IS250 - wifes dd

it's automatic.
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  #9  
Old 06-25-2014, 03:55 PM
hill's Avatar
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Quote:
Originally Posted by iwrock View Post
Edit - looks like she owed ~$600 more than I gave her for the car when I bought it, but now after a year, she owes what I gave her.
You can pick your nose and your freinds but you can't pick your family
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  #10  
Old 06-25-2014, 03:57 PM
is thinning the herd
 
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Call her parents!
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  #11  
Old 06-25-2014, 03:57 PM
t walgamuth's Avatar
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Join Date: Apr 2005
Location: Lafayette Indiana
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I'd tell her that I was taking her to court if she didn't pay it off and get you the title. What she has done is fraud. If she is of any good character at all she will thank you later for making her do the right thing. If the bil is on the title too sue them both.

Its not you that is not keeping peace in the family its her.

Personally I would never have given her the money without receiving the title at the same time.

She is a Twit!
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  #12  
Old 06-25-2014, 03:58 PM
iwrock's Avatar
roflmonster
 
Join Date: Nov 2003
Location: Hella NorCal
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Quote:
Originally Posted by t walgamuth View Post
I'd tell her that I was taking her to court if she didn't pay it off and get you the title. What she has done is fraud. If she is of any good character at all she will thank you later for making her do the right thing. If the bil is on the title too sue them both.

Its not you that is not keeping peace in the family its her.

Personally I would never have given her the money without receiving the title at the same time.

She is a Twit!
Taking it to court it taking it too far, at least in my opinion.

What's a "twit"?
__________________
-Justin

91 560 SEC AMG - other dogs dd
01 Honda S2000 - dogs dd
07 MB ML320 CDI - dd
16 Lexus IS250 - wifes dd

it's automatic.
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  #13  
Old 06-25-2014, 04:00 PM
iwrock's Avatar
roflmonster
 
Join Date: Nov 2003
Location: Hella NorCal
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Quote:
Originally Posted by DieselPaul View Post
Call her parents!
I did, and the old geriatric ******* (my father) just laughed at me...

Seems he had to bail her out financially more than once!
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-Justin

91 560 SEC AMG - other dogs dd
01 Honda S2000 - dogs dd
07 MB ML320 CDI - dd
16 Lexus IS250 - wifes dd

it's automatic.
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  #14  
Old 06-25-2014, 04:00 PM
elchivito's Avatar
ĦAy Jodido!
 
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Park it in her driveway and walk away. Chalk up the loss as a cheap lesson. Don't lend to siblings.
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  #15  
Old 06-25-2014, 04:01 PM
A Talent for Obfuscation
 
Join Date: Feb 2013
Location: In the Deep State
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Quote:
Originally Posted by iwrock View Post
Taking it to court it taking it too far, at least in my opinion.

What's a "twit"?
Monty Python Upperclass Twit of the Year - YouTube

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