Right so heres a question, My Audi is on its last legs and qualifies for the government scrappage scheme however i dont have the additional money for any new car. My parents do happen to have the money for a new car for themselves and have offered to use my car and give me the equivalent money i would have got in the scrappage scheme (about twice as much as the car is worth). So already starting to get a bit dodgy, how would you suggest we go about doing this as far as i can see we have 2 options:-
One they give me the money and i purchase the car for them then "sell" them the car
Two the car is registered under my name but i share the name with my dad and the car is still registered at my parents house because i didnt change the details on the V5 when i moved out 2 years ago. Which could mean my dad could trade it in himself.
So anyone who can offer an opinion would be appeciated