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Reply to "Buying car for HS kid (only child) who is going to college in 2 years?"
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[quote=Anonymous]It sounds like it would really help YOU for him to have a car these next two years. Perhaps it would help to reframe the decision that way. How will this help you? It's not necessarily a $15K outlay if you choose to sell the car in two more years. Used cars don't depreciate as fast as new cars, so maybe it's a $3-5K decision (plus insurance) for the next two years. And if he needs the car for college in 2 years, then you'll be glad you already bought one, and don't have the additional outlay when college tuition is due. He can get a part-time job to help contribute toward the monthly cost. [/quote]
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