<prompt> Human: UPDATE 2: I am thinking of telling him to go ahead but also planning on talking him into a prepaid lease of some kind. That way I will have the option of opting out after 2 or 3 years if I dont like doing this after a while. It will also give me the use of the car and have him pay for insurance. I will also try to contract so that he doesnt try to demand all sorts of things that I did not contemplate.What do you guys think of this option? Also, what kind of government attention would this draw?UPDATE 1: I called him up and told him that the insurance costs might be too much to bear. He agreed to cover insurance and possibly get a cheaper car with the following conditions: 1 Must be New Mercedes, 2 Must be V8, 3 He must be able to get in and out with a cane. I asked him to clarify who will hold title. He said that he would let me hold title. I asked him why am I benefiting from his generosity. He said that he is paying over 2000 per month in town car taxi fees and feels that this will justify the car purchase over how long he expects to live. I also feel, although he didnt come out and say it, that he also wants to buy companionship because he is lonely. He also said that if I didnt mind, he wanted me to help him find a young girlfriend.I talked about scheduling and he seems to be willing to go along with scheduling. However, I have a feeling he will bitch and hold the car over my head.I am leaning more towards doing this. Now my main concern is will I get audited and or visited by the IRS or some other guy in a suit for having such a large car titled in my name.A nonrelative elderly person recently proposed the following to me. He is fed up with the cost of cabs and offered to buy me an 85k mercedes if I drive him wherever he wants for the remainder of his life. He cannot drive because he wears a high dose of opium patches.To get this car I must drive him to Dr. and other medical appointments, the grocery store, pharmacy, etc. I will pay for gas and insurance and he agrees to pay for maintenance.My primary concern is if this is a good deal for me financially because of the increase in insurance cost going from a 3000 car to an 85000 car and the increased fuel costs from driving someone around with premium gas as opposed to regular. Until August, I am unemployed when I will be making around 30k per year. I have not held any employment since 2012 when I made minimum wage. I have been in grad school. I am worried attention will be brought to my name for having such an expensive car in my name and not enough income to justify such a purchase. It can be easily justified, but I am not sure I want the stress of a jackbooted fed looking into my business with a microscope trying to find something or trying to accuse me of taking advantage of an old man, which I dont think I am because he offered.What do I do?  <response>: This is comical - ...fed up with the cost of cabs and offered to buy me an 85K mercedes... Something doesnt add up. 85,000 will buy a LOT of cab rides. There are also freevolunteer services that provide transportation for the elderly. Lots of points here legalmorallogisticaletc. but most importantly you need to realize that youre getting a liability and not an asset. Lets assume he lives for 10 years - during these 10 years youre paying higher gas insurance costs on the car and youre not allowed to sell it. Youll have to absorb these costs and give up the majority of your free time to be this mans personal driver. The only benefit you get is driving a nice car. 10 years later and he dies. You go to sell the car. That 85K gift is now worth 8K-10K big Mercs depreciate like a falling stone - look up prices for an 05 S-Class. So youve basically earned less than 1Kyr for the last 10 years, which Im is less than what youve spent on extra insurance gas, not to mention the impact to your personal and professional life.When something sounds too good to be true it usually is. 