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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]HHI $300,000 2 kids, 2 years apart Oldest Kid got my 2014 Subaru Forester last year. BB Value about $10,000. I got a 2 year used Subaru with 40k miles. I’m just not into new cars. No grandparents or other relatives helped. Ideally, my kid would pay for gas and some insurance. But the kid is busy 24/7 needs to sleep at some point. Kid 1 graduates in June and heads to college. Kid 2 will be able to drive solo in August. Kid 2 will get the car for the next 2 years. After Kid 2 graduates, it goes to whomever needs it more— which may change depending on public transit, internships, etc. I am really hoping this car carries them through college, and we can make 3 cars work during vacations. DH and I both telework at least 50%, so we probably can. [/quote]
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