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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Why are you making her buy it from you? [/quote]
To learn some financial literacy and responsibility, also in the hope she will have pride of ownership because she bought it? Seriously? Parents don’t do this anymore? Well, we are doing it. [/quote]

No, that's not financial responsibility and then you lose control of the car.  You cannot take away the keys and tell her no car if she owns it.  She should take care of it or she loses it, simple.

We will pay for gas and insurance and kid will get a very old car to drive but it’s still OUR car, at 16 and that car will be replaced.  When they work, they will put the money away for college for spending money.  I would never give or buy a child a car in less we had no other option (like the car died and they need it it vs. want it).[/quote]
I guess I disagree. She can’t drive it without insurance and she can’t secure that (or afford it!) on her own. But my question was about whether or not a seven year old car was too new, and I understand you think it is, so I will accept your input on that![/quote]

I think your plan is just fine.  There is plenty of life left in the car but it's new enough to have reasonable safety equipment.  After many years of clean driving, our HH has had some claims and we are living with some cosmetic damage from our learner.  Remember the most important thing is always the safety of your child, followed by reliability.  Tech is changing faster now due to computerization.  So a really old car lacks protection.  More than 10 years old, I'd be looking for something else.

If you want to make your child pay for it, I see the value in that approach.  Parents usually have a larger picture of how they teach financial responsibility. This fits.

Your valuation seems very low.  Maybe that's dealer trade-in.  Car prices went up during the pandemic.  You want to hang on to well-maintained older cars if you can.  Keeping this in the family is smart.

I wouldn't put a new young driver in a brand new car because any mild fender bender is $2K now.  Cosmetic damage is also costly.  My kid brushed a rear view mirror in a way that broke the hinge.  That's going to be $400 because I can't DIY it.  The power function and side blind zone still work perfect but the mirror shaft requires duct tape to immobilize it.

Good luck, OP.  Safe drives![/quote]

I agree. The sweet spot is a few years old, and a mainstream brand that will be up to date with safety features but still relatively easy to fix  and find parts/paint for in case of cosmetic wear and tear (that tends to mean the mainstream Japanese and American brands).[/quote]

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