Do UMC parents buy their adult kid a car after college?

[Anonymous]

Anonymous wrote:Almost everyone I know at my high school was given a car by their parents when they got their drivers license. This is the norm among upper middle class and above households. These parents want their kids to focus on grades in school and don’t want a minimum wage job (during the school year) to jeopardize their chances of getting into a good college.

What era was this? Also I am missing the connection between getting a car and taking a minimum wage job.

The difference nowadays is many kids have no interest in driving and a fair number don’t get a license in HS. This is especially true in wealthy, close in parts of the DMV (Bethesda as example) where kids prefer to Uber vs drive themselves.

Whereas 30 years ago at a HS like my kid probably 90% of kids would get a license at 17…now it’s less than 50%.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:A car is 20k used. It doesn't shock me people would buy their kids cars, at all. It's a small expense for someone UMC. People pay 80k/year for college, buy whole homes, pay for a down payment...Having a dependable car is important based on where you live.

Avg new car sale is $47k (!!!) at the moment. And used comes with risks like maintenance, lack of free loaner car if in for service. Even things like worrying about tires and brakes on a used car is a chore and a safety risk.

Very decent/safe cars can be had for $27K. Your figure probably includes SUVs and hybrids, which are not needed for a first car.

Used cars are risky, full of unknowns, and not exactly the steal they used to be. If you’re a responsible college grad with good credit and a nice job, get a practical new car. 2-3 years of 100% worry free transportation is worth a premium.

The bigger stresser and ding to my self esteem when I was a young college grad was my piece of junk car. Buy your kid decent wheels if you can afford to help.

DP. You lose a few grand the second you drive off the lot with a new car. You can buy certified used cars at this point so there's zero reason to buy new. You can look up vins for accident history. They are leas risky purchases than they used to be when you bought used by scanning classified ads in the newspaper (how I got my first car)

I would have zero issue buying a used car from a Carvana or equivalent.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No, UMC parents buy their kids a car during HS.

If your kid goes to say Yale or Notre Dame or NYU and doesn’t drive at college, you’re going to keep their old car in the garage? No. You’re going to unload it. So they’ll need another car when they graduate.

Most people absolutely do not do this. They keep the car at their parents house or find somewhere to park it off campus. Selling a car because someone going to school is something a poor people do. Most kids going to schools like this come from families that can afford to spend a few hundred a month on a car no one is using.

Ridiculous. What the hecknis my kid going to with a 6 year old car after college?!

[Anonymous]

Anonymous wrote:I was given a basic used car with no tape deck. I was thrilled. It was not an expectation. Lots of friends had to buy their own cars.

Me too. Tesla Model 3, 3 years old, no tape deck.

[Anonymous]

Anonymous wrote:
How do people like this get to be UMC? I guess you can make big money without having much common sense or ability to think for yourself.

sour grapes.

[Anonymous]

I’ve never known anyone whose parents bought them a car after age 16, or sometimes 18. I grew up in a UMC area. The richer kids just got fancier cars, but not additional cars after the first one.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No, UMC parents buy their kids a car during HS.

If your kid goes to say Yale or Notre Dame or NYU and doesn’t drive at college, you’re going to keep their old car in the garage? No. You’re going to unload it. So they’ll need another car when they graduate.

Most people absolutely do not do this. They keep the car at their parents house or find somewhere to park it off campus. Selling a car because someone going to school is something a poor people do. Most kids going to schools like this come from families that can afford to spend a few hundred a month on a car no one is using.

Ridiculous. What the hecknis my kid going to with a 6 year old car after college?!

+1. PP is clueless and sounds like a prole wannabe who went to a local state school. If your kid goes to a private college with on-campus housing all four years, they’re not taking their high school car. And they won’t want a six year old car after college. You dump the car when they go to college and if needed they get a new car after college.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No, UMC parents buy their kids a car during HS.

If your kid goes to say Yale or Notre Dame or NYU and doesn’t drive at college, you’re going to keep their old car in the garage? No. You’re going to unload it. So they’ll need another car when they graduate.

Most people absolutely do not do this. They keep the car at their parents house or find somewhere to park it off campus. Selling a car because someone going to school is something a poor people do. Most kids going to schools like this come from families that can afford to spend a few hundred a month on a car no one is using.

Poor people keep cars in the driveway for five to six years. Rich don’t even own daily driver cars that old. You do not know what you’re talking about. A prissy rich girl isn’t driving her high school Audi or Jeep after she graduates from college. She’s going to ask for a new one.

[Anonymous]

We keep my husbands old sedan around for them to drive in HS and when home from college in year 1 and 2. Then around college year 3 or whenever it makes sense based up where they are living or how much they need the car, we will buy them the car they can keep after graduation. So just one new car per kid, but we are not buying it until they are 20 or so.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No, UMC parents buy their kids a car during HS.

If your kid goes to say Yale or Notre Dame or NYU and doesn’t drive at college, you’re going to keep their old car in the garage? No. You’re going to unload it. So they’ll need another car when they graduate.

Most people absolutely do not do this. They keep the car at their parents house or find somewhere to park it off campus. Selling a car because someone going to school is something a poor people do. Most kids going to schools like this come from families that can afford to spend a few hundred a month on a car no one is using.

Poor people keep cars in the driveway for five to six years. Rich don’t even own daily driver cars that old. You do not know what you’re talking about. A prissy rich girl isn’t driving her high school Audi or Jeep after she graduates from college. She’s going to ask for a new one.

Maybe a prissy rich girl, but my son just graduated and is still driving the Audi we bought him when he turned 17 (which is when he got a license). It did sit in our garage a lot during his college years. It's now 6 yrs old but he doesn't seem to care.

[Anonymous]

We did this and now have "upset" adult children.

They have higher interest rates now since neither had a loan in their own names until their late 20s/early 30s.

[Anonymous]

Yes, paid for college. Yes, provided car during and after college.

These our things our parents did not do for us and it sucked.

[Anonymous]

OP, have you ever contemplated that people don’t move as a monolith, no matter how much money they have?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:No, UMC parents buy their kids a car during HS.

If your kid goes to say Yale or Notre Dame or NYU and doesn’t drive at college, you’re going to keep their old car in the garage? No. You’re going to unload it. So they’ll need another car when they graduate.

Most people absolutely do not do this. They keep the car at their parents house or find somewhere to park it off campus. Selling a car because someone going to school is something a poor people do. Most kids going to schools like this come from families that can afford to spend a few hundred a month on a car no one is using.

Ridiculous. What the hecknis my kid going to with a 6 year old car after college?!

Drive it??

[Anonymous]

Anonymous wrote:

Anonymous wrote:No, UMC parents buy their kids a car during HS.

+1

And it’s a nice new car too!

UMC is a big range, lower end would be around a 200-250k HHI. That’s not high enough to randomly spend $40k on a nice new car for your dumb teenage kid without it hurting. Sure maybe at 700k HHI