Accepting A Blessing
Katrina is calling because an elderly man has offered to buy her daughter a car with some stipulations. Katrina thinks it’s a blessing, but Katrina’s husband isn’t so sure.
QUESTION: Katrina in Houston needs some guidance with her 17-year-old daughter and her finances. She’s working for an elderly man for $50 a week, and the man has offered to buy her a car with some stipulations. Katrina thinks it’s a blessing, but Katrina’s husband isn’t so sure. Dave thinks it’s a good deal, but they need an agreement in writing.
ANSWER: There needs to be a written agreement. If he passes away and his angry daughter comes and tries to sue you, what are you going to do? You’ve got to get closure on this a little bit because it’s a very strange deal, and I always try to think, "If it blows up, what are we going to do?"
Obviously, $2,400 for a $17,000 car and a kid working that off is a wonderful idea. The only question is the insurance? Well, surely to goodness some of you guys pull together for a $15,000 gain for a 17-year-old in one year. We scrape together some insurance. I mean, some balance if she made a bunch of money from something, I’d want her to chip in on the insurance. But if she’s making $20 here or there for a movie ticket, that’s different.
I just try to think about what kind of a deal I’m entering into with my daughter, what kind of a deal I’m entering into with this gentleman. Make sure they’re deals that work when things don’t work or when they work beautifully. So if your daughter gets a $5,000 check from something out of the blue, then she needs to step up and cover the insurance.
All things being equal, I agree with what you’re saying. I think we can scratch up some insurance. I think you’ve already got one that’s going to leave home. She’s so impressive that this man wants to bless her. She’s already serving well. The fruit is in her life that indicates she’s a good kid. She’s already beyond her years in maturity, poise and confidence.