Is it Worth Buying a Brand-New Car for My Teenager?
Is your teenager just about to turn 16 and get their driver’s license? Once they get that license, they are going to want to enjoy that new freedom and drive around whenever they can. And they will probably want/need a car.
Many teenagers dream of waking up on their 16th birthday and finding a brand-new sports car parked in the driveway with a giant bow attached to the hood. Very rarely does this ever happen unless you are part of the Kardashian family. It also tends to only happen in teen movies, but even Samantha Baker didn’t get a new car or even a “Happy Birthday” from her parents in Sixteen Candles.
If your teenager is assuming that you are getting them a new car or is dropping major hints of which color they want for their brand-new Lexus LC, now is the time to sit down and have a discussion with them and give them realistic expectations of what kind of vehicle they will be driving once they get their license.
What Kind of Car Should My Teenager Drive and Do I Have to Pay for It?
Many families already have a couple of vehicles and once the teenager is legally able to drive, they usually inherit the older vehicle while Mom or Dad get to drive a new and sportier vehicle (like a new Toyota RAV4 or Honda Passport, perhaps? You totally deserve it!). This means that you technically would not be spending money on the teenager’s vehicle. You can keep the title and insurance in your name; otherwise, you can help your teenager to be fiscally responsible and have them buy the vehicle from you or contribute to insurance or other ownership expenses.
Other families prefer purchasing a used vehicle for their teenager with the financing done by the teenager, by the parents, or as a team effort. Something reliable is always a good idea, but the vehicle should solely be economical and not sporty or luxurious because there is a good chance that the teen driver could ruin it in the first couple of years. We recommend a used Toyota Corolla or Camry – or even a used Honda Civic or Accord.
If you are looking for a first vehicle for your teen, come shop with us here at Allan Nott, where we have a great selection of used vehicles from a variety of brands.