Date registered: Nov 2004
Vehicle: 1991 190E 2.6
Location: Oakland, CA
Mentioned: 0 Post(s)
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RE: Parents buying cars for son / daughter
my grandfather owned a w201. he passed away when i was 15 and i figured i would inherit the fine automobile since thats what he told me before he died, but due to some mix up, my cousin got it and sold it. i had my heart set on this car though, so when i was 16 and scrounged up enough money i bought a relatively cheap 190e 2.6 without any help from my parents.
i dont think i fully appreciated it for what it is, since i got it for so cheap (a little under $2000), but when the head gasket blew along with a few valves breaking 5k miles later i had to pay more than i bought the car for, putting me in debt to my parents for a while. i have had full appreciation for my vehicle ever since i paid my mom back in full.
i do think making your kids buy their own cars can teach them a good lesson about appreciating the value of money, hard work, and expensive material goods, but i dont think you need to so hard on them. i mean, teenagers obviously do not have the experience, resources, or maturity to finance an automobile all by themselves. i think it is just being parental to want to help your child grow and learn all about owning a car and the responsibilities. this doesnt mean completely giving them a car, but also doesnt mean completely stranding them. cuz personally i would not have survived as a car owner if my parents hadnt helped out a little with insurance and with the paperwork and what not.