Summary: A mother bought a new car for her daughter, who took off and left her with the car. The car can be sold to Car Max or by owner to get the most value from it. If the daughter’s name is on the title of the car, it will be difficult to sell.
Q: My neighbor, who is an elderly widow, bought a new car for her 50-year old daughter who was trying to reorganize her life.
Now the daughter has split and left my neighbor with a new car with 1,000 miles on it. My neighbor was initially too embarrassed to ask for help but now is desperate to get rid of the car. Do you have any suggestions for her?
A: Your neighbor should take the car to Car Max. They'll give her just about as good a price for the car as she's likely to get -- except if she tried to sell it by owner.
I sure hope her name is on the title, and not in her daughter's name, otherwise selling will be extremely difficult.
That takes care of the car issue. But I know you realize that your widow neighbor has bigger problems than this car. She is trying to make things right with her daughter--but buying her things like a car or even a house, or giving her cold hard cash isn't going to do that.
She didn't ask me what to do, but if she did, I'd tell her to sell the car, pocket the cash, and revise her will to exclude this daughter and give her share of the estate to a worthy charity.
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Comments
linda says
the same thing happend to my relative. she took it back to the lender, told them the details and they took it back...it had 3000 miles on it and they had had it several months and it had damage...