Anonymous wrote:The MC vs UMC car buying reminds me of a Saved by the Bell episode from 1992. Zack and gang were working summer gigs at the beach resort. Zack spots a beater 1966 Mustang convertible for sale owned by his boss. He wants to buy it with money earned from the summer towel boy/waiter job. Funny because Zack had filthy rich parents--traveling exec waspy dad, Zack walked around with a $3,000 mobile brick phone--and he was buying his own beater car for probably less than his cell phone cost.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:We are definitely not rich by dcum standards. All five of our kids got cars the summer before their junior years in high school. We bought them inexpensive, older used cars. It made my life easier for sure! Why would I choose to haul around my teens when they can drive themselves. It’s also a big step in maturity and independence. My kids drove to school every day their junior and senior years. I would not want to send an inexperienced driver off to college.
If you bought cars, helped pay for insurance and gas for FIVE, FIVE kids, yes, you are rich.
If they were rich, they wouldn't be buying older, used cars.
Define older and used. For one person it is a $20k car 3 years off lease. To, me it is a 15-20 year old car.
I’m the PP with five. Their cars were around 3500. And thankfully, we didn’t have to buy them all at once. We are not rich. Two Hyundai Elantras. A Ford Ficus. And a Jeep. The Jeep was the most expensive. My DH got a new one and handed down his ten year old Wrangler. Insurance is dramatically lower if you choose an older car, take drivers ed, and have good grades. Adding teen drivers through USAA was much less expensive than I anticipated. Also, we told the kids that if they ever got a ticket, they had to pay for their own insurance. None of them ever did..until they were out of college.
Also, I cannot think of a single college kid without a car. And I know a lot of college kids.
Anonymous wrote:Anonymous wrote:Don’t give your kid a car until they can show you how to change the oil and show they can keep up with the maintenance schedule.
I don't know how to change the oil but Jiffy Lube does.
-a 44 yr old
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:We are definitely not rich by dcum standards. All five of our kids got cars the summer before their junior years in high school. We bought them inexpensive, older used cars. It made my life easier for sure! Why would I choose to haul around my teens when they can drive themselves. It’s also a big step in maturity and independence. My kids drove to school every day their junior and senior years. I would not want to send an inexperienced driver off to college.
If you bought cars, helped pay for insurance and gas for FIVE, FIVE kids, yes, you are rich.
If they were rich, they wouldn't be buying older, used cars.
Define older and used. For one person it is a $20k car 3 years off lease. To, me it is a 15-20 year old car.
Anonymous wrote:Anonymous wrote:Don’t give your kid a car until they can show you how to change the oil and show they can keep up with the maintenance schedule.
I don't know how to change the oil but Jiffy Lube does.
-a 44 yr old
Anonymous wrote:Don’t give your kid a car until they can show you how to change the oil and show they can keep up with the maintenance schedule.
Anonymous wrote:My parents made around $100k and bought both my brother and I brand new cars before college. Not great cars, but $22k each. It was definitely the norm in our neighborhood, but this was not in the DC area.