<prompt> Human: Hey guys, just wanted some advice. Im a 20 yo college student still living at home with my parents. They have a 2010 Toyota Corrola that I mostly use to drive to school, work and for errands. I know they wanted to give me the car, but right now that is not in the cards, which I understand because our family is going through some tough times. I pay for the insurance but thats about it. Since it is not mine though, they still dictate when I can use the car which means I have to ask permission whenever I want to use it for things that arent necessary, like going out for social events or taking trips, etc. It is quite hindering but again, I understand because they do own the car and I dont even make payments on it. My dad offered to sell the car to me, which means that I have full control over it and can take it with me when I decide to move out. Although they still have about 9k to pay off on it, they wanted to give me a break and only ask for 4.5k, but it has to be all upfront. I have about 14k saved from scholarships and work. I pay about 1k per semester for school and right now my part time jobs pays about 600 a month I know, super shitty, but Im hoping to add on more hours during the holidays with a second job. The car has 82k miles, no major issues and my dad has offered to look at it for free whenever I do have issues. Anyway, should I take this? My dad also suggested I could lease out a car with Toyota instead if this deal isnt good for me. Assistant: The way i see it, theres two scenarios, 1. they use the money you give them to pay the loan, leaving 4.5k left on the car. 2. Considering theyre going through some tough times, i doubt theyll put that money into the loan, which gives the same results - car not paid off. So basically, youre paying them for usage rights. i would either buy another used car for 4.5k if you really wanted another car you could own, or find friends to pick you up. Human: I do suspect that they wont put that money back into the loan so youre right, the car wont be entirely paid off. However, my dad made it clear that he would hand the title to me and I would not have to pay the other 4.5k, they would pick up the tab.  <response>: I forget how most car loans work, but since there is the loan he either 1 doesnt have the title and the loan company still has it or 2 has a title with a lien against it for the loan. Either way, you wont own the car free and clear and if he stops paying for any reason they could repossess your car. 