Hello,
I haven't been here in a few years. My 25 year old step son, is having some financial difficulties. He is very much in debt and has some points on his license. He lives at home and is working and does pay rent and helps out with buying groceries and helping around the house.
The issue is he needs a car. He is driving his mom's car, because a few years ago he lost his in an accident and has either been borrowing her car or getting rides from his sister. Because of this we are renting a car which gets very expensive. He is helping out with it, but its not a long term solution.
I am seeking advice on how to get him a car, since he can't get financed due to credit and debt income ratio. I am already financing 2 cars and simply don't have the money to give or borrow to him. Anyone have any suggestions?
Thank you.
I haven't been here in a few years. My 25 year old step son, is having some financial difficulties. He is very much in debt and has some points on his license. He lives at home and is working and does pay rent and helps out with buying groceries and helping around the house.
The issue is he needs a car. He is driving his mom's car, because a few years ago he lost his in an accident and has either been borrowing her car or getting rides from his sister. Because of this we are renting a car which gets very expensive. He is helping out with it, but its not a long term solution.
I am seeking advice on how to get him a car, since he can't get financed due to credit and debt income ratio. I am already financing 2 cars and simply don't have the money to give or borrow to him. Anyone have any suggestions?
Thank you.