Should I keep the car or get a new one? Details Inside?

Question

Hi, I am 17 years old and last year my Grandma bought me a car and everything was great.

But she has always told me that she has regretted it she has always given me s**t about it and won't leave me alone about me receiving a car from her. I am supposed to pay her back and I am but slowly I have a part-time job and in college so it is hard.

But she doesn't care and still gives me s**t. She makes me feel really bad, I feel like I'm a loser and like I'm less of a person. She makes me feel like s**t after every argument about the d**n car. And we live together along with my Mom.

Should I keep paying for it? Or should I give it back to her and buy another one? I have no credit and I turn 18 next month I make $7.67 an hour and no money for down payment.

Is it possible to buy/lease a car without down payment?

Answer 1

Give your grandma back the car. If she is constantly nagging you like that it is not worth it. Save the money you were using to pay her back and buy a car. It is alway better when you purchase something on your own rather than having thing handed to you. When you buy something on your own you tend to have a feeling of accomplishment. Best of all you dont have to hear anyone nagging you or constantly reminding you how lucky you are to recieve something from them.

Answer 2

Well, if she gave this to you as a gift, you should have no intention of giving money back.

But, if you agreed to pay her back, you really should stick to your promise.

You will not be able to by a car with no down payment. You could get one with a low down payment, but not nothing.

You could also visit http://www.leasetrader.com/ and take over the lease on somebody else's car.

Good Luck

Answer 3

Ur grandma shouldn't be giving you c**p. She GAVE it to u. Give her back the car and say "Here's the car back, I'm sick of u giving me c**p about paying u back and how u shouldn't of given it to me so here it is....it's urs now." Try to find an older car or a beater car. They are cheaper and will work until you can afford a nicer car. Good luck and hope I helped:)

Answer 4

What kind of grandma tells their grandkid that they regret giving them something and then make them pay for it? Geez. I'd definitely get rid of it. Unless it was something cool.

Answer 5

Without credit, you will be charged insane interest rates on a car loan, if they approve you at all. At 17, I assume you have no credit. I would just try to pay it off asap, work some extra hours, if she still gives you **** after you pay it off, sell it and buy something else.  

Answer 6

Don't buy a "new car" save ur money, do your best keep working and keep your head up as it sounds like ur coming from a troubled family situation, find an apartment close to campus and c who needs roommates, i've been there. prob rent a room for 200/mo. Get out of that house. If they take car away keep saving for good used car, and live close enough to bike or walk to class (been there)  save 1500 or so and i can advise u what 2 buy. If you buy new car which u may be able to even w/no credit, no down you will start your life w/an unnecessary debt  

Answer 7

I think you should just explain to her your situation.... I mean after you get out of college, to be sure youll have a better chance of paying her back. Try to make her understand. I know some ppl. are difficult to deal with, and explain. I think you should do what you think is best, for you, & also in the long run. If you really need the car to get around, wherever you go to college, then keep it. But if your campus has transit then I would def. Give it back. I hope your Grandma realizes how special her relationship should be with her Grandchild though. Hope I could help.

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