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so you have a kid.....

Sonny Burnett

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do you help them buy a car.. or buy one out right, loan them the money?? any parents on here what route did you take.. im posting this for a friend.. but personly id have to help them buy a car and it would have to be a benz..if not just for safety
 
I have just bought my daughter her first car, a Vauxhall Corsa 1.2. I am encouraging her to pay for her own insurance and I will assist in running costs.
 
No, I would not assist in buying my offspring a car. Harsh perhaps but a car is a moneypit and the purchase is just the start. I don't believe I would be doing my girls a favour in doing this.
 
Bloke at work going through same thing and hes told his boy if he had a job he would help to pay for insurance running costs etc but as he doesnt tough:D



Lynall
 
When the appropriate moment came in my life (as a child), my father said "So, would you like a car?". When I nodded keenly, he replied "Well, get a job then".

Because I paid for it (incredibly cheap and nasty - an old Fiat 500), I made sure I didn't dent or crash it.

But I understand now I am a father the concept of wanting to cocoon, and the fact that insurance is now prohibitive.
 
My parents bought my sister and I an old Ford Fiesta. They paid for tax, insurance etc and we occasionally paid for fuel ;) Generous parents!
 
I'm not quite there yet - probably a couple of years to go - but we'll probably let Master E have Mrs E car. However, it won't be for free and he'll have to cover insurance, etc (with maybe a little help from Mum & Dad).

Reason? One set of friends bought cars for their kids and none of them has been properly cared for. Another set had their kids pay for the cars - they might not be the latest and flashiest but they are much more careful, worry about who or what go in their car, and generally have a much better attitude toward it.

IMHO kids do expect too much as a "right" today. Our oldest (15) has to earn most things he has, doesn't have a mobile or a PC in his bedroom. Having to go and buy things himself means that he not only respect the things he has but also respects himself in that he's had the discipline to put the money away and save. Often (but not always) we'll chip in 50% on larger purchases, once he has all or most of the money. It's not always otherwise he'll come to expect it. However, concern about safety comes into play - hence having Mrs E car when/if he passes his test. We've said we'll help with lessons (probably 50/50) and we know he'll have a good, reliable and safe car for the first couple of years.
 
Maybe the solution is that when they have earned the cash for a dangerous car, we chip in to make it up to something a bit safer. So we are just buying the safety but they have still sunk a whole summer job into it.
 
Just buying my daughter her first car which was conditional on her getting good GCSE grades which she did (12 x A's) Looking for a nice VW Polo, deal is we will upgrade if she gets good A level results and then upgrade to something Prestige on her gaining her degree at a good grade. It's hard enough for kids these days with all the costs for education so think its only right to get her a car and ensure she drives and treats it responsibly

Just my 2p worth
 
Got a while until I have to deal with this. But am planning to pay for the insurance for my step-son for the first year (Mainly because I don't trust his dad to make sure he actually gets it.)

Because of this I also expect to have a say in the car. I may not tell him that I will pay for insurance until after he has chosen the car to avoid him getting too carried away.

He did say last weekend that his dad was going to give him his BMW 760il when he was 17. I presume that was just his dad spouting off, but we did get a quote as if he was 17 - £17,500 means that he no longer wants that particular hand-me down.
 
I took the view that because I elected to live in the middle of no where, 2 miles to the nearest bus stop that only came twice a day I would have to be a taxi service until they could drive and then I would sort out cars for them.
If we had lived in the middle of a large town or city they would have had public transport so no need to supply cars.
Bought the eldest Renault 5, Golf and Celica as his 21st birthday present, youngest has Nova which he has barely used as he's at uni and hasn't got around to passing his test.
Probably all sounds a bit indulgent but they never caused me a minute of trouble all their lives and it has been something I wanted to do for them and I didn't want them having to spend all their lives working to run a car when I would be happier they were studying and investing their time in their futures.
 
Not spoil them in any way,but yes i would pay for everything.After all why i`m working hard for,to give them the best i can.As lonk as they`re doing GOOD in school,they will not need any part time job.
 
Not spoil them in any way,but yes i would pay for everything.After all why i`m working hard for,to give them the best i can.As lonk as they`re doing GOOD in school,they will not need any part time job.
spot on mate, my sentiments in a nutshell
 
Make them work for it otherwise they will never thankyou. They need to learn now that nothing comes for free before they enter the real world!
 
From a kid's perspective, for all the vehicles I've owned (two motorbikes, a van and the current Mercedes), my dad lent me the money (still owe money on the Merc).

However, the van and the car are used as business tools and not primarily used as much for social and pleasure purposes, as most first cars (/van!). The motorbikes were though! :p (although did a few months couriering on the second one though).

When I first started looking at a car for private hire use, I was thinking of getting a new BMW 525iSE :eek:, as about a year or so ago, there were some imported from Thailand with £15,000 off list price.

Dad knows best though, and told me to buy a second-hand Merc - has that more luxury image. The W211 has that more elegant and luxury look, rather than the aggressive, tank-looking 5-series (that was his opinion).

The 320CDi engine was also his idea, I was going to go for the 220CDi because of the lower running costs. He gave his reasons, I'll be driving it all day every day, sometimes with a full load of people and their luggage up and down motorways, did I really want to be in a 2.2-litre diesel? The 3.2 will also be less stressed and makes a better value second-hand buy.

It would have been nice to be in a brand new car (BMW! :ban:) but when being driven in the Mercedes for the first time by the dealer with 140k on the clock, it didn't feel like it at all. Turned over 190k yesterday and still feels as fresh and tight when I bought it.

So..my dad lent me the money, but the car is used for business (not for showing off to my mates!), although I do say it's my first car I've owned! :cool:
 
My Dad leant me the money to buy my first car and insure it (insurance was a bit cheaper though, back then!) but the caveot was that I took over my Mum's old car, (which luckily I quite liked) and paid the part ex value!

I think when the time comes, I would do the same and maybe upgrading the car as a reward for good results, behaviour etc.
 
Bought first car off my father, paid him twice what he paid for it (He had Mazda Agency) and up till some recentish health problems had learned my lesson well.
Boy at school (state) was bought brand new Lotus he was a spoilt prat and still probably is, crashed it fairly quickly, girlfriend from very wealthy family was bought new mini and has still not got off her lazy backside,.......
I sold my first car an Austin 1300 for a profit!
My son will buy his own, be smarter than me, healthier than me,richer than me, happier than me, and is already better looking!
Question is, would I recommend a Mercedes Benz ? on current trends no, but they may change!
 
Reminds me of a guy I went to school with who's father was a very wealthy prestige car dealer who gave his son an Aston Martin for his 18th and then a small garage stocked with nice cars for his 21st! Needless to say the spoiled brat ended up in bad company and eventually in prison! His parents were so ashamed and disappointed they packed up and went back to Dublin while he was inside! There's a moral there somewhere... :D
 
Maybe that theres a garage full of nice motors somewhere to be found !
LOL! Yes, there was, a few years back! It's now a dealer of Hyundais! :D
 

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