Boyfriend gifts mom a new car with a sky-high loan, only for her son to get stuck paying the full amount after the relationship falls apart, along with the arrangement.
The car was supposed to be a birthday present, but the numbers were never quite right. The original deal was that the son and his mom’s boyfriend would split the monthly payments, but that lasted just three months before the son was left holding the bag. He’s been paying $510 every month since, even though the car was never really his choice and the loan was way bigger than it should have been. When he tried to transfer the loan to his name, the interest would have added another $10,000, so they both agreed to leave it as is. Now, with bills tighter and a better deal on a used car, he’s looking to move on.