My dad paid for my car, I paid the down payment maintience, regastration, and the insurance. I totaled the car

Question

Had the car for 6 years, insurance company will give 6,ooo for the car my name is on teh title , he does not feel like I should gat any of themoney becuse he paid for the car. I think I should get half. what do you think?

I am 23. I already giot a new car.

Answer 1

if you had it for 6 years and took care of it the whole time it was your car. did he buy it for you as an investment or did he buy it because you are his daughter? sounds like he is hearing 6k and seeing dollar signs. if you totaled it 6 months later that would be another thing.
how about you figure out how much more full coverage insurance cost you as opposed to plain liability for the past 6 years. and tell him that if he goes halves with you on that cost that you will give him 3k.
i think all that money is yours to use to replace your car. that is why the insurance company is giving you the money, to replace your transportation.


i'm adding to my answer....
i don't understand why you are getting so much flack about 'acting like an adult and give your dad the money.' i think it's contemptable that your dad is even asking you for the money. when i give someone a gift that is what it is. sometimes i don't like what they do with the gift but it's none of my business, it's out of my hands. gifts should not come with strings attatched.
now if you and your dad had an agreement that you would pay him back for part or all of the car that is a different situation. but if it was a gift not only is it none of his business, he has no right to ask you for the money. he should be proud that he raised a daughter that was able to maintain a car from the age of 17 to 23. most kids go out and ruin their first car.

Answer 2

This is why I am glad I'm not a judge. If your dad bought the car and gave it to you, then it is yours and you should get all the money, not just half. If the car was not a gift to you, then your dad should get all the money.

But the question is, was it a gift to you or not? You have the title, the registration, and the insurance, so it seems to be a gift. But your dad clearly does not think of the car as belonging to you - he seems to think that he bought the car so you could have something to drive around in, acquiescing in having it titled and registered to you.

He should have kept title and had it registered to himself, and had you pay the extra insurance. You should then get back anything you paid on the car: "down payment," you mention, but not on outlays for maintenance.

So for keeping the peace, I would remind your dad about the money you put down on the purchase of the actual car, and ask him for that back, and give him the rest.

Answer 3

My dad paid for my car, I paid the down payment maintience, regastration, and the insurance. I totaled the car

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Answer 4

I think that you will need a new car, so that money will go towards a new car, would it not? If the car wasnt totaled then you dad wouldnt get any money back, right? BUT if he wants you to purchase your own vehicle this time, then the money is his. Also, if it was considered a gift, then the money is yours!

Answer 5

The money was for the price of the car. The registration etc was not given back to you from the insurance company. The only money they give back is for what the car books for....your Dad is right.

Answer 6

Give your Dad the money or put it toward your new car. Why be so selfish? If you ever want your father to respect you, act like a mature adult and take responsibility for what happened. Give the old man the money; he might just turn around and give it right back to you. Godloveya.

Answer 7

its a legal thing, you should ask a lawyer. how could be recieve any of the money if your name is on the title? the money should come to you first. but if theres a loophole or someething, im sure you have some legal ground if you can show proof you paid all that all those years. It sounds like your dad gave it to you as a GIFT, so he can't take it back now.

Answer 8

So six years ago your father spent around
$15,000 for a car for you. Just because you spent money on it for maintenance and insurance doesn't make it yours.
Now you obviously got a job and quickly replace the car. You should think about giving him the insuance money on it.
The compromise would be to split it.

Answer 9

He should get the money; it's HIS money that paid for the car. Had he NOT paid for the car, you wouldn't have had a need to pay for registration, maintenance, insurance, etc.....things you should pay for if you're going to drive a car anyway.

Answer 10

I think your father sees dollar signs in his eyes when it comes to that $6,000
He's putting more emphasis on money than he is his child. Add up what you put into that car for the last 6 years and pay him what is left over if anything is left over. If he says anything, tell him... well dad, you taught me well.