Reply to Would you buy your adult kid another car

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[quote=Anonymous][quote=Anonymous]What if you bought them a car when they learned driving but after 10 years but it stopped working and needs to be replaced as repairs would be too costly.

They finished college and grad school, which you paid for, they have a decent government job but live in HCOL area and can't afford to buy a new car. Would you help them buy a new car? You also paid half of their rent for first two years but they are fully independent now.

You are UMC, have job, home and 401k and savings but about to retire in a couple of years and spouse was low pay and part time with gaps so mostly dependent. Two other kids got done with education couple of years ago and working full time at entry level corporate jobs but in LCOL areas so have some savings.

They aren't asking for help but you don't want them to buy an older car within their financial range due to their daily commute. Would it be wise to pay full or partial payment of a new or newer car? [/quote]

If I could afford to, with no disruption to my life, I would - you can't take it with you, might as well help them out now[/quote]

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