Should I Buy A New Car For My Teenager?

Should I buy a car for my teenager?

A car can absolutely be a need, not a want,” says Ron Lieber, New York Times columnist and author of “The Opposite of Spoiled: Raising Kids Who Are Grounded, Generous, and Smart About Money.” However, experts agree that a parent should not get a teenager a “dream car,” for both safety and financial reasons..

How much should I spend on a car for my teenager?

Generally, people are looking to spend under $10,000 on first cars for teens. New cars can be pretty expensive, but for a teenager you don’t need to break the bank to get a good first car. Once you decide on your budget, you can narrow down the makes and models that you and your teenager are most interested in.

What is the best starter car for a teenager?

Best First Cars for TeensBEST OVERALL. Volkswagen Golf. See Photos. Starting Price: $21,805. … BEST MIDSIZE. Toyota Camry. See Photos. Starting Price: $24,565. … BEST SPORTS CAR. Mazda 3. See Photos. Starting Price: $18,990. … BEST ALL-WHEEL DRIVE. Subaru Impreza. See Photos. Starting Price: $19,355.

What is the cheapest car to insure for a teenager?

Best cars for teensRankCarMSRP1Mazda MX-5 Miata$23,7202Subaru Outback23,4953Volkswagen Golf GTI25,3854Mini Countryman19,95016 more rows•Sep 10, 2020

What is the safest car for a 16 year old?

7 of the safest used cars for teen driversMidsize car: 2012 Honda Accord $10,900. … Large car: 2007 Volvo S80 $5,800. … Small SUV: 2009 Subaru Forester $9,000. … Midsize SUV: 2011 Kia Sorento $12,300. … Large SUV: 2011 Chevrolet Traverse $13,500. … Minivan: 2011 Honda Odyssey $13,600. … Pickups: 2007 Toyota Tundra Double Cab $12,200.

What percentage of 16 year olds have a car?

Newly released data from the Federal Highway Administration shows the percentage of American teenagers with licenses to have more or less plateaued at levels much lower than those of a few decades ago. In 1984, 47.8% of 16-year-olds in this country could legally drive. In 2018, only 25.6% could.