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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][quote=Anonymous]My parents could have given me what would today be a $40k car. Instead I got my mother's 5 year old Chevy Nova when she got a new car. It worked fine and taught me a lot more about value and values than if they'd given me a brand new toy that cost 2-3 times as much. When I wanted / needed a new car after the Nova was totalled in a wreck (not my fault), I was told if I earned at least 50% of the cost (of what today would be a ~$16k car), my parents would match it, so I worked like a dog in the summer in the US Merchant Marines, in the engine room of a transatlantic ship. That taught me about value. So yeah, I think it's nuts to buy a teenager a $40k vehicle just because they want one.[/quote] This. Be the parent, not the friend. There are inherent life lessons in much of what you do for your kids. This is one of them. [/quote]
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