When my nephew turned driving age, my brother stupidly bought him a brand new Nissan truck and, within a week he had hit my brother's car. Within 45 days he had hit a couple of other things so the passenger side of the truck is just all scraped up. My brother has since taken the truck away from Crash (as I now call him) and he is having it fixed and then he is selling it.
When I got the MB from my aunt, my brother asked if I wanted to sell my other car to him for Crash since the car is 5 years old and he doesn't want to get Crash a new car. Made sense so I said okay.
I looked up the value of my car and, given the mileage (which is significant -- 140,000) and the condition, the low KBB is $8K. So, I told my bro I'd sell it to him for $4K. I decided that I would take it in and have it serviced -- oil change, etc. -- before selling it and the garage just called and said that it needs new catalytic converters. Without them, it won't pass smog for the sale but, it's $2,100 to fix them.
So, the question I have is do I:
1) Tell my bro that he can still have it at $4K but he's going to have to pay for the repair since he's getting a good price;
2) Offer to still give it to him for $4K and split the $2K repair with him; or
3) Sell it to him for the $4K and pay for the $2K repair myself.
When I mentioned to the repair guy that I was selling it to my bro for $4k (he knows my bro, our whole family take their cars there) the guy said that was such a great deal for the car that Bro should pay for the repair and be happy.
What do you think?