If your car got stolen and you needed another one, would you feel comfortable asking your parents for a loan?

[notfred]

I'm not sure if I should ask them or not.

 

[AgaBoogaBoo]

How much money are we talking here?

Why not from a bank?

 

[Mr N8]

I might. I would probably just ask my dad to cosign, though, as my credit is horrible, thanks to Best Buy changing CC companies, stopping my billing, and reporting me as delinquent for 8 months.

 

Most definitely. It's not like you'll be keeping the money. As long as you pay them back (with a reasonable amt. of interest too) I think it's perfectly fine.

 

[bunker]

If I knew they could afford to be w/out the money until I paid them back, then yes, I'd ask them.

 

[notfred]

It'd be maybe $3,000 to 5,000. Banks charge interest and make it a pain in the ass to do things like sell the car before it's paid off if you need to for some reason.

 

[waggy]

Yes i would. Now that dont mean they will give it to me. but odds are they would.
But i would have to pay them back.

 

[atom]

Y

 

[Heisenberg]

What happened to the insurance money?

 

[eakers]

ofcourse.
they know i would pay them back.

 

[notfred]

Originally posted by: Heisenberg
What happened to the insurance money?

There isn't any.

 

[Spike]

I would be comfortable. My parents have always been very helpful with money when I need it (though they always expect payment back). They know I am good for it and so would do it without even blinking.

-spike

 

[Nutdotnet]

Originally posted by: Heisenberg
What happened to the insurance money?

Having only liability = you're SOL when your car gets stolen. (Very sorry to hear about that BTW).

Hell yeah I would ask. That's what parents are for. In this situation....of course!

 

[Heisenberg]

Originally posted by: notfred

Originally posted by: Heisenberg
What happened to the insurance money?

There isn't any.

Okaaaaaaay.

Edit: Oh, you only had liability. Didn't know that.

 

[boyRacer]

Yes.

 

[boyRacer]

Originally posted by: Heisenberg

Originally posted by: notfred

Originally posted by: Heisenberg
What happened to the insurance money?

There isn't any.

Okaaaaaaay.

He didn't have full coverage. Its really expensive here in CA.

 

[Workin']

No. If my car got stolen the insurance company would buy me a new car. Plus since I'm, ummm, let's just say older than a certain age, and make triple the money my parents do, asking them for money in any way, shape, or form, would be uncomfortable for all of us.

Now if Iwas 16... No, wait a minute, insurance would still cover it. But I would ask for money anyway.

 

[Zim Hosein]

Originally posted by: Workin'
No. If my car got stolen the insurance company would buy me a new car. Plus since I'm, ummm, let's just say older than a certain age, and make triple the money my parents do, asking them for money in any way, shape, or form, would be uncomfortable for all of us.

Now if Iwas 16... No, wait a minute, insurance would still cover it. But I would ask for money anyway.

 

[boyRacer]

Originally posted by: Zim Hosein

Originally posted by: Workin'
No. If my car got stolen the insurance company would buy me a new car. Plus since I'm, ummm, let's just say older than a certain age, and make triple the money my parents do, asking them for money in any way, shape, or form, would be uncomfortable for all of us.

Now if Iwas 16... No, wait a minute, insurance would still cover it. But I would ask for money anyway.

 

[StageLeft]

If I HAD to, sure, that's what parents are for.

 

[Pepsei]

Just ask the bank, that way, the bank will force you to have better insurance.

You don't want to have it stolen again with nothing to show to your parents, your gf, and your cat.

 

[notfred]

I can't afford comprehensive insurance coverage. To insure even a $5000- 7500 car will cost me over $200/month, even with relatively crappy coverage (basically, enough to make the bank happy).

 

[ScottyB]

Originally posted by: notfred
I can't afford comprehensive insurance coverage. To insure even a $5000- 7500 car will cost me over $200/month, even with relatively crappy coverage (basically, enough to make the bank happy).

Then don't buy a car.

 

[iamwiz82]

How ethical are you? This is an option, though I do not know if I would do it.

Insure your truck(if you still have it) with just liability and then buy a new car with full coverage. Make the truck your primary vehicle with the new car a pleasure vehicle.

 

[rival]

well, since i make more than my parents, i probably woundnt get much, but i would ask and see what they could do...it got stolen ffs, no fault to you