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Perhaps, pretty impressive since the rule of thumb is your car shouldn't be more than 50% of your annual salary. My personal feeling is a 16 year old should get some disposable beater - put liability on it and drive. Something nice isn't necessary - you always love that first one anyway, be it Ferrari or Focus.Quote:
Originally Posted by 1991-C4
I know of very few teenagers who follow any rules!
And like most posts on most forums, we don't have nearly enough details to give a really good answer so all we can do is guess and give an answer based on what they tell us.
Honda would be my first choice for a young lady,then a little bigger car would be the Nissan Altima, I have owned both and driven by the wife and me. If you can afford it look at, and test drive the small BMW.
Al.
Yeah teens with jobs? Odd lol
I got my first job freshman year at pizza hut. I did drive my moms truck for a year after I got my license 16 then I got a new loaded ram 1500. Working freshman year started my love for money. By 21 I was making a little over 70k a year with no college degree. It's possible with good parenting and open doors (everyone was hiring).
A good idea to know what you can afford, be realistic and make a spreadsheet based on three pay amounts. One at $8hr, other at $10, last at $12hr an figure out monthly income, minus taxes, then expenses. I thinking seeing it first hand like that helped me. So you can teach your kids budgeting and what can be bought on cash terms as credit can kill if abused!