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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]Our kids have to save up money and pay for half of their car. Whatever they save, we will contribute that much to the total. Of course, they've know this all along so they save. Oldest is currently 14 and has $2200 as of now. If he bought a car now, he could buy a $4400 car. We could afford new cars for all three, but choose to teach them to save over the long term for something they presumably will want.[/quote]
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