Parents' Vehicle

Mojisola

BooJewels said:

Perhaps the fairest solution - if you can afford it - is that you buy the car from your parents (there are enough trade lists, to get to a fair price) and they then divide the money between the other two siblings - that way each of you gets something from it. 

Why should the other siblings benefit from the OP paying for the car? 

If the parents are going to gift the money, surely all their children should benefit?

BooJewels

Mojisola said:

BooJewels said:

Perhaps the fairest solution - if you can afford it - is that you buy the car from your parents (there are enough trade lists, to get to a fair price) and they then divide the money between the other two siblings - that way each of you gets something from it. 

Why should the other siblings benefit from the OP paying for the car? 

If the parents are going to gift the money, surely all their children should benefit?

That was why I said at trade price - I was thinking the OP would get a good buy of the car and each sibling would get some cash - the OP mentioned a 'nominal sum' - suggesting he was already expecting getting a good deal.  But then, the parents lose out - so it's not that fair to them either.  It would depend on how much the car was worth as to what was actually fair.  It was only a suggestion.  There are a number of permutations that could be applied and you could come up with a hundred and someone would think something about every one of them wasn't fair.

Are the siblings going to think it's fair if the car is left in the garage for several years and ends up worth next to nothing as an asset of the estate - or they have to pay to have it taken for scrap when they clear the house.  

At the end of the day, it's still the parents car and they should do with it whatever they wish.  It always saddens me when offspring feel entitled to such things.