Anything wrong with buying your teen an nice car? ($40,000 and up)

[Anonymous]

Our daughter really wants a loaded Jeep for her upcoming birthday, which is about $40,000. She's an all A student, co-captain of her athletic team, elected to student government, volunteers, works part-time after volunteer opportunity offered her a weekend job, dating a sweet boy at St Albans.

[Anonymous]

No way for 40k get a Honda, Acura, Lexus or Infiniti

[Anonymous]

Toyota. That keep will be mountains of problems.

[Anonymous]

Yes. Teens will take better care of things they have to buy themselves. I can absolutely afford to buy my kids cars. But I let them know they would absolutely have to save up and buy their own first cars.

I also would never spend $40k on a new car. I would also never buy a teenager a new car.

[Anonymous]

Anonymous wrote:Toyota or Lexus. That Jeep will be mountains of problems.

Fixed spelling

[Anonymous]

Jeep Wrangler is the dream car of every teen.

[Anonymous]

Skip the Jeep and get a Japanese semi luxury

[Anonymous]

[Anonymous]

It’s your call, but I live by words of my father.
It is hard to appreciate, and care for properly, something that you have not poured your own blood, sweat, and tears into. I have actually witnessed this with our children (now adult). If you are given something (especially something of such great value), you will not take the energy to care for it like you would had you purchased it yourself.

I would not buy my kids a car, but if I did, I would buy them something that is not so expensive, and probably used. Then, when they are making enough money to pour into an expensive vehicle, they can trade the one I bought them in for something different.
Also, I am not a fan of expensive cars..... I think money is better spent on other things. Just my opinion.

[Anonymous]

Nothing you mentioned has anything to do with how well she drives. If she will maintain the car. If she will be purchasing any portion of the car herself

[Anonymous]

In my value system, yes.

[Anonymous]

Nope. Both my kids know that even if my name were Bill or Melinda Gates, they would never receive a new car paid for by me. Parents who provide all life'S wants without a second thought are setting their kids up for a rude awakening IMOZ

[Anonymous]

Anonymous wrote:Yes. Teens will take better care of things they have to buy themselves. I can absolutely afford to buy my kids cars. But I let them know they would absolutely have to save up and buy their own first cars.

I also would never spend $40k on a new car. I would also never buy a teenager a new car.

+1
Also, who is paying for maintenance, insurance, registration, and gas?

[Anonymous]

Anonymous wrote:Nope. Both my kids know that even if my name were Bill or Melinda Gates, they would never receive a new car paid for by me. Parents who provide all life'S wants without a second thought are setting their kids up for a rude awakening IMOZ

And, likely creating another entitled youth.

[Anonymous]

I totaled my first car, which cost $40,000 in today's dollars. Maybe a girl won't be as crazy. My son's first car will be large, slow, and inexpensive.