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Reply to "Anything wrong with buying your teen an nice car? ($40,000 and up)"
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[quote=Anonymous]I would not buy my kid a $40k car -- but I am not rich. I don't think a kid cannot learn the value of money just because they are given expensive things. I grew up here and at the time, very wealthy. It would have been different at private but with my public school friends I was always by far the wealthiest. All three of us kids got new cars at 16. But we all played sports got excellent grades had summer jobs --went on to college and graduate school and have all worked professional jobs for 25 years. We all make around $200K and I believe have a good handle on the value of money despite being given nice cars as teenagers. Hell my car then-convertible Lebaron- is nicer than the Hybrid Camry I drive now :)[/quote]
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