Anonymous wrote:Anonymous wrote:Anonymous wrote:OP here- This was for DH's nephew. They offered to pay but he declined and bought a basic Kia one on lease. I only know as they were visiting us and doing online car browsing. Their problem solved itself. He is a good kid even though spoiled.
How is this kid spoiled? This is your post.
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?
Leasing a kia and not getting help is not spoiled. A good parent who can afford to fully pay for an education will.
Op is clearly so out of touch. Driving a non fancy car you can afford in your 20s is pretty common.
Anonymous wrote:Anonymous wrote:OP here- This was for DH's nephew. They offered to pay but he declined and bought a basic Kia one on lease. I only know as they were visiting us and doing online car browsing. Their problem solved itself. He is a good kid even though spoiled.
How is this kid spoiled? This is your post.
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?
Leasing a kia and not getting help is not spoiled. A good parent who can afford to fully pay for an education will.
Anonymous wrote:OP here- This was for DH's nephew. They offered to pay but he declined and bought a basic Kia one on lease. I only know as they were visiting us and doing online car browsing. Their problem solved itself. He is a good kid even though spoiled.
Anonymous wrote:We can afford it, so all our kids have always had cars we have purchased outright (used, not new) and we have our family insurance agency process the policies. We also pay their premiums
"Take out a car loan like everyone else" is a very bad financial decision. Your 25K car ends up costing 50K. GREAT ADVICE
We also just paid the hospital delivery and NICU bill for our son's gf who had our grandchild without their being married. Big whoop, it's our money.
Somehow there seems to be a message that everyone needs to pretend to have come from a working class background and made all their money from "hard work" when it's usually anything but.
If you're hoarding money like some dragon while your kids can't make rent or bills, what was the point of your making money? Truly? What was your goal?
Anonymous wrote:We can afford it, so all our kids have always had cars we have purchased outright (used, not new) and we have our family insurance agency process the policies. We also pay their premiums
"Take out a car loan like everyone else" is a very bad financial decision. Your 25K car ends up costing 50K. GREAT ADVICE
We also just paid the hospital delivery and NICU bill for our son's gf who had our grandchild without their being married. Big whoop, it's our money.
Somehow there seems to be a message that everyone needs to pretend to have come from a working class background and made all their money from "hard work" when it's usually anything but.
If you're hoarding money like some dragon while your kids can't make rent or bills, what was the point of your making money? Truly? What was your goal?
Anonymous wrote:Anonymous wrote:OP here- This was for DH's nephew. They offered to pay but he declined and bought a basic Kia one on lease. I only know as they were visiting us and doing online car browsing. Their problem solved itself. He is a good kid even though spoiled.
This is such a strange thread. How is he "spoiled" if he DECLINED his parents offer to pay and bought something that was within his price range?
When I was in my 20s I paid for my own cars BUT my parents helped me a lot by cosigning on a loan since my credit was not great. It made the difference between having a 7% apr and 1% APR on a loan for a car, so I ended up with a very affordable payment. It was a huge help to me and they knew I was responsible and wouldn't miss payments.
Anonymous wrote:OP here- This was for DH's nephew. They offered to pay but he declined and bought a basic Kia one on lease. I only know as they were visiting us and doing online car browsing. Their problem solved itself. He is a good kid even though spoiled.