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Tweens and Teens
Reply to "If you bought your teen a car (or will buy them a car)...questions about money."
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[quote=Anonymous]How many kids do you have, and how many years apart are they? 2, 4 years apart What is your HHI? $200,000 in a lower cost of living area than DMV What kind of car did you buy them (and was it new? used?) Oldest will either drive my current 6yo vehicle or I'll keep mine and he will get a used vehicle Did you get any type of "outside help?" Like did a grandparent contribute some money? Don't expect to other than grandparents gifting DC $ for gas Did you feel you had to sacrifice in other areas (vacations, home renovations, etc) to afford the car? No I guess I'm just surprised (maybe a bit jealous) when I see a teen with a new ($25,000+) car, and then a couple years later their younger sibling also gets a new car... Not happening in our house, especially with the higher likelihood that they'll get in an accident. [/quote]
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