My neighbor has a teenage son that really takes his parents for granted. Not only did his parents co-sign for a car for him, they made payments on it after he stopped 2-months into the loan. They eventually paid it off after a few years, despite their son not ever making a payment after the initial two. When he found out it was paid off he took the car and traded it in for another vehicle he wanted more, taking out another loan.
After he did this there was an apparent oil leak or radiator leak or something. But during a fight with his parents, instead of leaving the car sit so they could take it to the mechanic, he drove off in a fit of anger anyway and blew the engine. He eventually stopped making payments on that car as well and it was repossessed.
Submitted by: jfranklin79
There are so many things wrong with this picture, and they aren’t all the fault of your neighbor’s son. Your neighbor’s are completely enabling his behavior instead of putting their foot down and teaching their son some responsibility. It’s probably for the best that his car was repossessed, but I imagine his parents will end up getting him another vehicle anyway.
Part of being financially responsible also entails not enabling people to continue being irresponsible. It’s hard saying “No”, but sometimes it’s necessary.
On the topic of blowing an engine because he was angry, well, what can I say to that? It was a dumb move and now he and his parents are going to pay for it. Taking care of your vehicles when something is wrong is fairly essential common sense when it comes to car maintenance. It would be cheaper to invest in a punching bag 🙂
Amount Flushed Down the Money Drain: My guess, at least $3,000 for the engine and car repossession.