Venting. Cars

[CHA-LEE]

What happened to "Kids" owning their own destiny and buying their own car & insurance? When I was a kid and wanted a car my parents told me to get a job and pay for it myself. They also mandated that I saved up enough to pay a full year of insurance (my own policy, not being added to theirs) up front. It took me a year of working and saving but I got it done. Its all about learning about how to be an adult isn't it?

Jumping through "Adulting" hoops for your kids doesn't teach them anything.....

[Great-Kazoo]

What happened to "Kids" owning their own destiny and buying their own car & insurance? When I was a kid and wanted a car my parents told me to get a job and pay for it myself. They also mandated that I saved up enough to pay a full year of insurance (my own policy, not being added to theirs) up front. It took me a year of working and saving but I got it done. Its all about learning about how to be an adult isn't it?

Jumping through "Adulting" hoops for your kids doesn't teach them anything.....

My first car cost $75 for a stock Bonneville 389 convertible and like new tires. I paid cash drove it home. That's when the parents said, nice car, it sits here till you can afford the ins.

Now it cost more to fill a tank, than my 62 did.

[hollohas]

What happened to "Kids" owning their own destiny and buying their own car & insurance? When I was a kid and wanted a car my parents told me to get a job and pay for it myself. They also mandated that I saved up enough to pay a full year of insurance (my own policy, not being added to theirs) up front. It took me a year of working and saving but I got it done. Its all about learning about how to be an adult isn't it?

Jumping through "Adulting" hoops for your kids doesn't teach them anything.....

Same thing that happened to young adults buying a house. Virtually impossible now.

My first car cost $450 in 1998. I made $4.15/hr. Roughly 100hrs work.

Starting wage for a kid now is around $14/hr. 100hrs work = $1,400. Can't buy a drivable car for $1,400 these days.

[ray1970]

Can't buy a drivable car for $1,400 these days.

Well, you might be able to find one but it would likely be a clapped out piece of feces with about 300K miles.

[fitterjohn]

I wanted a car and my parents told me to make enough for a down payment and they will finance me the rest at 5%. 75% of the way though the first summer got to pull up to work in my 84z28.( before you think I was more spoiled than I was I graduated in 04) Also got to enjoy learning how to maintain and change everything on a 350. My kid is 10 now I might do the same approach with him. Learned paying a loan sucks. Didn?t have another loan until I bought my first house at 22. Then never had a car loan until I was 29. Still never owned a new car.