When and if to buy your child their first car.
My son is 15. He's studying to get his learners permit. Next year, when he's 16, he can get his drivers license.
I've been thinking about this a lot lately. I got my drivers license a few days after I turned 16, and my parents already had a car for me. I paid for half. It cost $500, they put me on their insurance policy, and I paid the premium. It was a 1978 Mazda GLC, pumpkin orange. It didn't have power breaks, or power steering, and it had a manual choke. I loved that car.
My husband also got a car when he got his license.
Now, I don't believe in getting my children an expensive car, and I wouldn't pay for it all, I'd expect him to pay at least half, and it would be a beater, just like my Mazda.
Here's the question. Can I even get a car for a reasonable price that's safe to drive? Should I offer to pay for half? I don't want him to work right now, he needs to concentrate on school, but during the summer I have no problem with him getting a job, which should pay for the car, and insurance if I can find a car like my old Mazda, a car that's reliable, but not expensive.
Anyone else with teens, or children that are now adults? What did you do when they got their license? Am I doing too much, or too little?
I have to admit, part of this is selfish. If he gets his license, and a car, I don't have to drive him to school every day. :)
What are your thoughts? What did you do, or what are you planning to do when the time comes for your kids?