Boys first vehicle…..

Make him pay for some of it. He'd probably be less inclined to beat it when dads not around if he has a financial interest in it.
 
I heard 2 rich guys debating this on a podcast once. One guy bought his kids beaters to not spoil them. The other guy bought newer cars because of the bandwidth of having to break flow to fix a car and worrying about your kid on the side of the road. Our kids got decent Toyotas for first 2 years of driving and then all 3 got lightly used newish cars.
 
I let my daughter drive my 02 Tundra. No cameras, no anti-lock brakes, with canopy, kinda big for a 15yo. She drove it for 4 years until I sold it, then she bought my wife’s old Highlander which she still drives.

Letting her learn in an older, less complicated truck has made a huge difference in her skill as a driver.

And she’s already looking forward to going back to truck in the future.
 
To me these new vehicles are on auto pilot. There’s something to be said for learning how to drive vs going from point a to point b.

I don’t think buying a new car for a kid is gonna make them spoiled, conversely I don’t think buying an old truck for a kid will keep them from being spoiled.

Their personality and behavior should be mostly shaped by that point anyhow.

I’d say buy practical and reliable and something that won’t cause a heart attack when damaged.
 
I'm curious what job a 15 yr old has that allows them to pay for a driveable vehicle, insurance and fuel at 16.

(My youngest is 40 so I've been out of the kid job loop for a while)
 
I'm curious what job a 15 yr old has that allows them to pay for a driveable vehicle, insurance and fuel at 16.

(My youngest is 40 so I've been out of the kid job loop for a while)

Did you never have a summer job, or something after school? Never run an animal through the fair?


You can get a driveable rig for 5k. It wont be fancy but who cares? Cheap liablility insurance. That'll get the kid rolling.
 
I'm curious what job a 15 yr old has that allows them to pay for a driveable vehicle, insurance and fuel at 16.

(My youngest is 40 so I've been out of the kid job loop for a while)

My son started mowing lawns at 12, he had about $9k in his savings account when he got his license. He got a $1,700 Jeep Cherokee at that time. 2 years later and a lot more working, he just sold it for $3,500, and bought a 2011 crew cab frontier cash, and still has about the same amount on his savings after that.

Teach them how to manage money and respect it.
 
Kids still driving the 02 2500 chevy i gave him when he was 16. He is about to graduate tech school with a really good job. He said he is keeping that truck and the way he figures it if he has to replace engine or tranny its still cheaper than a new pick up payment. He is way more responsible than me at 20 with his money
 
Did you never have a summer job, or something after school? Never run an animal through the fair?


You can get a driveable rig for 5k. It wont be fancy but who cares? Cheap liablility insurance. That'll get the kid rolling.
Summer job yes. $1.65/hr Min wage was $1.50 so I was flush with cash. My car cost $615 and fuel was under $0.20 gal.

After school No. Sports practice which was a better investment at the time. Paid for 4 years of college.

All of my kids worked when they could but the cost of a "cheap" vehicle and insurance has risen much faster than child labor wages. Not every kid has the opportunity to even get to a job before they can drive or be a lawn mowing Warren Buffet at 12. I actually dragged a lawnmower behind my bike one summer but it does limit your prospective job area.

My point was a beater vehicle, insurance and fuel will start at around $7k. That's a nice summer job for a 15 yo.
 
My boys play sports year round and make straight A’s. That is their job right now and I’m happy to buy them a reliable car when the time comes for it.
 
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