Well, you son made a mistake, everyone does. However, you had already discussed street racing with him, he did it anyway. I'm sure it was harmless enough, but he still did it. I would not sell the car, however I would keep it has a weekend car for yourself, and after a period of time(and I'm not talking about like 2 weeks, I mean a good while) give it back or sell it back to him.
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1987 Buick T-type
1998 HD Electra Elide
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