Car Question?

[Zeus]

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[Redbridge]

Why not see if you can buy the car they gave you for a reduced 'parent' price.. That way you get the sense of responsibility, your folks see you are responsible and they can pay for the servicing...>LOL

[Zeus]

Why not see if you can buy the car they gave you for a reduced 'parent' price.. That way you get the sense of responsibility, your folks see you are responsible and they can pay for the servicing...>LOL

:O. That is good. I never thought of that. The thing is though, it still is a car technically given to me by them, and still taken from them. It used to be my mom's and dad's commuter car and I don't want them getting miles on their other cars unnecessarily, so I am leaning heavily towards the Jeep option. That and the SUV will be safer as I'm still a beginner in driving. No worries though Red, I won't be pulling donuts in your parking lot .

[Redbridge]

No worries though Red, I won't be pulling donuts in your parking lot .

why not? donuts FTW.... oh not donuts...... DOH

[SUPAPRODIGY]

I think paying for the car your parents bought would show them how responsible you are and not have to relie on your parents

[Wretch]

Great feeling buying your own car!

[KingFu]

You know, a certain someone I know has a birthday coming up in 3 months and will be able to drive "legally" in half a year from then with his learners permit

Seriously though, I can understand where you're coming from, but remember at the same time you're still a teenager. I'd personally do as red said and pay them off a bit for it. I think of it as normal to have your parents support you (to an extent) up until you're fully into adulthood. Paying them some money for it would show you're ready to start taking on new responsibilities, but aren't quite "jumping out of the nest" entirely. Just my little 2 cents Obviously I'm not quite yet old enough to fully understand it, but I know the satisfaction in buying something you've wanted for a long time, or even paying a fair percentage of it

[ScarecrowWolf]

BMW r reliable cars.

Oh what I would do for a bmw

[ZHEOTARE]

Honestly, I would keep it until it breaks. You pay the insurance, taxes, maintenance, and any other cost associated with the car. Don't let them pay for anything. If you really want to go away from their link to the car, make sure to get your own insurance (although, it will be quite high for you).

There is nothing wrong with driving a car your parents gave you. It sounds like it wasn't their main car anyhow. If other people stare at you because you are driving a nice car your parents gave you, so what?? Let them stare. It's not their business anyway.

[NeoQueen]

So, my mom pretty much paid for a 99 Pontiac for me. About four years later I bought my own car and it is a fantastic feeling to know you purchased your own car. However, I upgraded from that Pontiac to a 2010 Kia. I drive about 60 miles a day on hwy 95 and needed a more reliable car since breaking down on that particular highway is not in my grand plans. Why would you shell out car money for a new car when you have a car that is more than adequate? I would seriously consider something else to spend your money on and save that car money in a different account to gain interest until you truly need a newer car. If you are really concerned about 'earning' it than pay them back by helping out with household finances, doing good in school, paying for whatever you can and not asking for money.

Not trying to sound harsh or anything. I'm just of the opinion that you getting something isn't bad, but taking advantage and constantly expecting to get is. Me personally, I would say thank you and then ensure that my parents never regretted giving me that car.

[Zrawats]

Take the BMW fool

[WhoIsThis]

I'd recommend not buying the car. It's not worth until at least after high school.

You might need the money for college and cars tend to depreciate in value very quickly, especially the luxury car manufacturers like the BMWs, which can lose as much as 50% of their value in 2 years.

The other question is, is it worth thousands of dollars just to get people to stop the stares? They might stare anyways.

[DawnInfinity]

Parth, we need to talk / catch up.

I'd probably save the money for college. That's what I've done, and we're pretty much in similar situations.

[Moogerfooger]

I'd recommend not buying the car. It's not worth until at least after high school.

You might need the money for college and cars tend to depreciate in value very quickly, especially the luxury car manufacturers like the BMWs, which can lose as much as 50% of their value in 2 years.

The other question is, is it worth thousands of dollars just to get people to stop the stares? They might stare anyways.

This.

Save your money for kollege. It is more expensive than you would think.

[WhoIsThis]

This.

Save your money for kollege. It is more expensive than you would think.

Lol - I'm in university right now. I'm not getting a car until after I graduate. Not to mention, if my estimates are accurate, I will be about 50-60k in debt (likely more). Where I live, rent has been going up by about 4-5% per year and tuition always is always going up at a rater faster than inflation. I hear that in my program, Master's degree tuition is really pricey (assuming I choose to go into the Master's program).

The other thing to remember Parth, is that if you are going to university in California, given that the state has been experiencing budget difficulties and that the political system is unlikely to get anything productive done, major tuition hikes would not be surprising.

[CrimsonTider]

Hey buddy,

Coming from a parent's point of view: offer to pay your parents. It will give them a great sense of joy to know they have raised a child with a great sense of awareness and responsibility. If they do no allow you to buy itbfrom them, SAVE IT. You never know what life will throw at you and the earlier you have to become financially secure, the better. You have given me hope for the younger generations!

[WhoIsThis]

Hey buddy,

Coming from a parent's point of view: offer to pay your parents. It will give them a great sense of joy to know they have raised a child with a great sense of awareness and responsibility. If they do no allow you to buy itbfrom them, SAVE IT. You never know what life will throw at you and the earlier you have to become financially secure, the better. You have given me hope for the younger generations!

I think that Parth should discuss this with his parents. I don't think that he should buy it from his parents though ... as I mentioned above, he may need the money. Apart from education which is certainly going to command a significant sum, you never know what else life can throw at you.

[Coltona]

Ok here's the thing, I'm 16 and my dad BOUGHT me a truck, not gave me the family car, but went and bought one. Here's his reasoning:

Getting starter out is hard enough for someone, especially with a new car payment. He gave me this truck to help me get started, and to make sure I had a lifelong dependable vehicle.

The best thing you can do is sit down with your parents and explain to them What you're thinking about. See if you can make a deal with them. Keep the car until you can buy the jeep outright so you're not paying in the long run. And don't forget, you know owe them for that car, take them out for the day, and DEFINITELY say thank you about a thousand times lol.


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[joopiduh]

The way I did it way back when I was still a young 'un, I got my parents to buy me a car of their choice, and I paid my parents back in installments plus interest, as you would if you took a loan from the bank.

I figured that it would give me a better sense of how much taking a loan actually means in reality, but at the same time, the money remains in the family.

The reason why I chose to let them pick the car was that I trusted their judgement on reliability more than my own, since they have all the real world experience under their belt.

This signalled to them two things.
1) That they can trust me in understanding how life really is, and that I was ready to stand on my own two feet.
2) That I was responsible enough to know my limits as a new driver. No point choosing a car by myself if I don't have the skills to drive it yet

[Piosidon]

Like the others said above save the money for school. A well educated person is very likely to become a successfully businessman. You can pay them back later when you're making serious money.