Reply to If you bought your teen a car (or will buy them a car)...questions about money.

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[quote=Anonymous]25k cars for teens are ridiculous.  New drivers get into fender benders, insurance rates are sky high even if they never have an accident.

I have three teens: 18, 16, and 13.

The 18 year old has been driving for 18 months.  We bought him a 2001 Honda Civic for $2000.  He's had one fender bender, pretty minor considering, and we paid $600 out of pocket to get it fixed.

The 16 year old has a learners permit, and won't be able to sit for the test until March.  I don't plan on getting him his own car.  He can have the Civic when his brother goes to college in August.  Until then they can share, or drive my car (2007 Dodge Nitro -- which is the primary car used for learning to drive, it's very easy).

I'm not buying myself anything new until all three kids are successful drivers.

IMO, it's ridiculous to use outside help, savings, or have car payment for teen drivers.  Use that money for college. Even if college is covered, buy your teen a new car when they are in college and need a vehicle.  Do not waste money now when they are learning.  I am not sacrificing my savings, vacation fund, their college, or even my spending money for cars. [/quote]

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