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

Question

My name is on the title I had the car for 6 years, I am 23, the car was a gift from my dad. WHen the car was first totaled he said I can have the money so I can get another car,, He had no problem with the money coming to me.. I was going to give him half regardles becsue he's my dad, he feels I should get none of the money... what do u think?

Answer 1

I think you should sit down with him and talk about it,not get someones advice that you do not know. Do you work? can you afford another car? is your relationship good with your dad? is it gonna get worse if you don't give him the money? You need to answer all these questions honestly before you make a decision, GOOD LUCK

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

You are entitled to the percentage of the insurance money that is equal to the percentage of the down payment you made when the car was purchased.

As you are now 23, show some self reliance and don't depend on others for your financial welfare.