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Elementary School-Aged Kids
Reply to "Cars for teens"
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[quote=Anonymous]Really depends on the kid and the family's overall financially situation. What has the child spent savings on before? Does the child have a job or will he be expected to get a job? My plan is to give my son my old car, which happens to be a CRV. Perfect choice, IMO. Safe and slow. So no need to really pay for purchase. He will likely pay for gas during the summer when he has a job. And for regular service, like oil changes. I think insurance will be too much. But the regular out of pocket expenses are a good way for them to understand the constant cost of a vehicle. I don't want my son to try to work year round to support a car. I want him to focus on school during the school year. Accidents mean immediate loss of driving priveleges. Time and cost determined by severity. [/quote]
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