What do you guys think of this?

[Jemdawg]

My girlfriend may have to buy a new car within a few months. She said that she wants a Versa, so I offered to sell her mine if that was what she wanted. I would give over the payments and charge her about a grand on top for my system. I'd make an agreement to do this with her before the summer and I'd give her the car in August or September, by this time I could have about 8-10 grand saved up from my summer jobs. I could use this for a down payment on a WRX. I know comparing these two cars is like comparing apples and oranges, but does this seem reasonable to you or does it sound like too much work for a better car?

[Nismo V]

Sounds like your headed into the AWD family, Subie WRX is nice but make sure that's really what you want before you seal a deal... I dunno but if I was you and saving was not a problem I might hold off on buying right now and wait til the 08' or 09' rides come out there will be some real hot rides out by then... unless your after the boost..

[Jemdawg]

I'm looking for a better all-around mod car. I want to be able to do performance mods that will actually get me some more horsepower, and I've always been a Subaru fan, although I've never had my own.

[Bubs daddy]

Jemdawg,

If I read this correctly, you're going to let her take over payments? I'd reconsider this. You can't sell your car if the bank has a lien on it. And it's still your name on the payments. If she ever falls behind on payments you have everything to lose.

Sell the car outright and have her arrange her own fininacing.

[proxim2020]

I smell a People's Court case and a bunch of anger. I agree with Bubs. You have no legal right to sell the car with an lien on it. So if you did sell to your GF anyway, she wouldn't be able to title the car into her own name. Which would mean that you're still the owner of the car, you'll still need to have insurance on the car in your name, be responsible for accidents and damages, and tickets. If you guys fall out and she stops making payments to you, you'll still be responsible to pay the bank. If you miss a payment and the bank decides to repossess, that goes on your tab. There's very few things that can go right and a ton of things that can go wrong. Let her purchase the car outright and buy you out of the loan.

[Wings]

Everything would be in your name unless she refinanced through the creditor you are using to finance. If she ever defaulted it would be on your history not hers. She will get the raw end of the deal since you probably owe more than it is worth than ask her to add another grand over for the stereo.

Have you driven a WRX? I find them to ride rather rough.

[Jemdawg]

I suppose I did phrase that rather poorly and in a misleading fashion: I meant that I'd sell it to her for whatever I owe on it, not that she would pay my payments. I like the way the Rex drives, I find it much more enjoyable than driving most other cars. I've wanted one for quite awhile and, given this opportunity, I'd like to get it while I can afford it.

[OKVersa]

I don't know about the car situation, but I can tell you that this kind of financial transaction between boyfriend and girlfriend will probably not turn out well. If something goes wrong at the bank, or with the car, you are toast.

[Jemdawg]

I'm sure all would be fine and dandy if this were to happen, but it is only hypothetical at this point in time.

[tractor07v]

I have driven both cars and yes the WRX is much fast but ride I personally dont like as much, also I know people with WRX's and they spend more time in the shop for blown clutches and engines then they do on the road. Also consider the much MUCH higher insurance cost for the WRX.