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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]I have a 16YO stepDD and a 3 and 4YO. We have full custody of stepDD. Instead of buying her a car we took the money that we would have spent ($10K) and gave it to MIL to put towards a new car and in turn she gave stepDD her 2006 Corolla with 190K miles on it. DH hated the thought of our 16YO driving a nicer car than his mom! StepDD pays us for insurance and personal property tax. She has a job at a pizza place. Our HHI is $350K. I'm very happy with our decision, no teen needs a $10K+ car! My theory is that they need a car that will get them through college, because after they graduate and start their "adult" life, they WILL think they need a new car and they'll want something nicer than their current car - so you set the bar low!! [/quote]
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