please specify if you are giving this car to your child OR if it is a family car that is yours, and your 16yo can use
My DH and I had a disagreement about this for years. Years. And it never got resolved. And we got through the teenage years never agreeing. Since the car title was never changed, I never considered it the teen's property. Each of our teens, however, had a car available to them to drive in high school and eventually each of them drove a car away from our house, post college.
However, teen years and college ... DH and I never agreed on the semantics and discussion would have started a fight I think because of a difference in how we were parented: he was given a car as a teenager. In my family that would not have been considered spoiling.