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re: Did you, or do you plan to, make your kid pay for their first car?
Posted on 8/12/19 at 2:19 pm to NATidefan
Posted on 8/12/19 at 2:19 pm to NATidefan
My parents bought my first vehicle. It belonged to them and I was allowed to drive it as my primary vehicle as long as I paid for my own gas and insurance.
Once I saved up enough money to buy my own vehicle I had the option to buy their/my vehicle from them at a discounted rate or go car shopping on my own. You know, like an adult. Because that's what I was by then. I chose to buy my vehicle from them. Paid them cash, signed the title over, and twenty years later I still have that truck and doubt I'll ever get rid of it.
I'll probably do something similar with my kids when the day comes.
Once I saved up enough money to buy my own vehicle I had the option to buy their/my vehicle from them at a discounted rate or go car shopping on my own. You know, like an adult. Because that's what I was by then. I chose to buy my vehicle from them. Paid them cash, signed the title over, and twenty years later I still have that truck and doubt I'll ever get rid of it.
I'll probably do something similar with my kids when the day comes.
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