There's 2 reasons why I said he should just get a crappy car. 1) He's inexperienced and has a higher chance of getting in an accident. This is a fact backed up by numerous statistics.
Yes, he might get in an accident, the chances are slightly higher than the rest of the population, but that shouldn't preclude him from getting a nicer car. Getting a nicer car might foster a larger sense of pride. He might be responsible, keep it clean, take car of it well, etc.
Why do you think insurance is so high for teenagers?
Because they get in accidents more, I know that. But cars can be fixed (unless they're totalled), so there's really no reason for him not to get a nicer car.
2) He said his parents are going to give him the $16,000, but he has to pay them back in 5 years.
Great point.
He could easily find a nice used car for like $5,000 and save the rest of the money to put it towards college.
He could. But getting a new car is a great feeling, and no matter what people say, it IS worth something. Maybe not in practicality, but there's a notable difference.
Another thing to keep in mind for the people urging him to get a cruddy beater car, those are, on average, much less safer than a newer car. Of course it varies, but for the majority new cars are safer than older ones. BTW, I really like the VW Rabbit and love the Scion tC. Check those two out for sure. Those are very well equipped. Just please don't get white.
It's most definitely high. Why do you think insurance is so much more expensive? My insurance alone is about the same as both of my parents combined, even after it just went down since I've had 3 "incident free" years. If I had a new car instead of an old piece of ****, it would be even more.
Oh God, don't even start. I've never gotten a ticket or in an accident, but a young person in a 300 horse power two door is never good on the insurance bill.
A middle aged person usually has a full-time paying job where they can afford the monthly payments (and won't have student loans), plus they have more driving experience.
We also don't know if he will have student loans. I don't think he ever said he would, just that he'd like to pay them back for it for college. My point is that, if his family has the money, there's nothing wrong with getting him a new car.
I agree with you that most teens aren't reckless drivers, but they can still make mistakes.
Now I don't know how this works out statistically, I'll just give my general opinions. I think that I am a much safer driver even though I am younger compared adults on cell phones. I don't think the disparity is as huge as people say, but that's just my gut talking.
Also, do yourself a favor. Get a STICK SHIFT. Please.