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Dear LFTP June 13, 2016 · 1:07:59 · 5 min

Dear LFTP: 'Steamed in the South' car letter

  • Are we wrong to feel taken advantage of after selling a car cheaply to our son's girlfriend, who then traded it in for the equity?

The hosts read a letter from parents of a 22-year-old son: they sold a car to his girlfriend (of six months) for less than half its trade-in value after her bad financial decisions, and a month later she traded it in for the equity. The hosts say the parents were taken advantage of but had 'eyes wide open' risk — once you give, you can't sack the recipient for how it's used — and note the son treats them poorly too. The 'Secular' answer calls the son and girlfriend 'birds of a feather'.

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