Quote:
Originally Posted by nmulax
How about having your kid make some type of financial contribution to the vehicle? Whether it's the full payment, portion of the payment, insurance, etc. Having their own finances invested in something will cause them to respect and care for it. It's human nature to take care of what's "yours". If you buy the car, toss them the keys and say "enjoy"; chances are it'll be wrapped around a tree (or another car) within a month.
I split the payments on my first car with my parents; they paid during the school year, I paid while out of school for the summer. Taught me to appreciate my car.
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Very good idea, if your kid has a means to pay for it. I would buy my kid a reasonably safe car but probably no more than $8k total price.