Im a salesman at a Honda dealership and it boggles my mind when ppl like this guy come in looking for 15k and up cars for their kids who just got there license lol
My dad always told me he would match what I saved to buy a car/truck since I was little. I found a truck I wanted for $6,000 when I was 15, I paid half and my dad paid the other and I still had some money left over for wheels, tires and gas money. I always appreciated my dad making me work for that truck. I wouldn’t be the hard working kid that owns a house at 22 years old, working 50+ hours a week plus side huddles that I am now. Thanks pops.
Haha my dad always said that until he realized how much he underestimated my work ethic. About to buy a $20k truck at 17 years old, sadly won’t be getting any help from my pops
My first car was a 1974 Buick Electra LTD. It had 6 seat belts, but fit 8 comfortably, with room for 4 more in the trunk on nights we went to the drive-in. Lots of character was built in that car haha FYI this was back in '02-'03, I'm not THAT old...
Beaters for me make you appreciate every single tiny upgrade. OMG This car has windows that can go up&down OMG this car has heat OMG the radio works OMG it has AC OMG the brakes work. I have said all of those things. I was so excited when I upgraded
@@BadMannerKorea Can you cite any source that more car accidents/deaths are cause by old cars due to malfunctioning parts instead of driver error? If your breaks fail and cause a wreck, is it because the car is old or because the owner failed to do proper maintenance on the vehicle?
No matter what my wealth is, my children will get a standard used car, nothing special. If they want something more, they'll be buying it themselves🔥🔥🔥
It's natural for a parent not to put their child in harm's way. I'm pretty sure a responsible parent will not even do that. I would personally purchase a car of great quality but if the teenager expect a 2020 model. I would recommend my child on buying it themselves; to understand the value of a dollar.
My Dad got me a $2000 hooptie. He said, "I'll buy it for you but you have to maintain it". The transmission went out and the oil pump quit while I had it (6 years). He got it for me when I was in high school. I quickly learned that I needed to work in order to own a car.
My dad got me a brand new BMW as a teenager. I loved it, never took it for granted, and took such good care of it. My dad was into cars and he and I would race them together at autocrosses. It was a great thing to bond over and I have always taken meticulous care of my cars since then.
I bought my son a reliable 4 cylinder used car and he still has it twelve years later. I told him it was the only car I was buying for him, so take care of it. His friends made fun of the car but it always ran while theirs were always being fixed. He was happy with it and took care of it. Buy her the car you feel comfortable with her driving: reliable, safe, affordable. And teach her defensive driving.
I’d say he got lucky XD I dont see many used cars lasting 12 years after buying it, I’ve had a couple used cars, and even if you take good care of it, something can, and usually does go wrong.
It's different for everybody..... my oldest nephew was handed his dad's old truck as his first vehicle when he graduated high school and he treated it well..... and he drove it until he totalled it not too long ago, and then there was my second nephew who kept getting handed trucks because he kept totalling them.... he's been through 3 trucks..... I actually purchased my first vehicle myself and i took great care of it for the time that i did have it..... all the money put into it was mine and i loved that truck..... but then i did something stupid and traded it in...... now I'm on my third vehicle in my life that I'll be holding the title to and I've learned holding that title really makes you appreciate it more especially when you put the money into it......
@@xAaronnnnn I have an 06 Maxima with 150K miles and the transmission still runs smooth. Something tells me you've been listening to Scotty Kilmer too much.
I just went thru this with my daughter of 17 recently. She found a decent car and I chipped in a little bit, so she didn't completely drain her savings. My desire was for her to have something safe and reliable. All decisions affecting my daughter are "will she be safe". She is responsible for insurance, maintenance and fuel. She is taking good care of her car.
The question is the price. How much is a decent number to spend on a teen. “Safe and reliable” can literally be anything between 3k and 20k. Literally anywhere,
Fact: the safest car was the Volvo . from my best of knowledge's I don't think one person died in those cars in result of getting in an accident. Volvo actually created a club for people who owned those Volvo's that got in an accident and the car literally saved their lives. Lookup the story, it's amazing. As far as safety, Those were ahead of their times by far.
@Rob Fahey it's actually very easy to find a safe car for under $2k. Mid-size sedans, small to mid-size suv's, wagons and crossovers, heck even regular cab pickups. Have realistic standards, don't listen to them whine about it not being cool, and there are more than enough options. Or just keep making excuses for why you want to spend more money. Up to you.
Sean Baker There is no way I’d buy a car over 4-5k for a kid even if I was a one percenter. Insurance for teen drivers is expensive. A big way to cut down on this cost is to have liability only. If they wreck the car and are fault, buy them a 1-2 k car as a replacement. If they wreck that a bus pass. Old cars can be reasonably safe. Large sedans from the early 2000s are good cars for first time drivers. 4x4s and all wheel drive vehicles are not for teens. If the roads are so bad that a two wheel drive car can’t make it the teen should be at home. Every teen I knew that had a 4x4 wrecked during the first snow. Formal education is good, but young people need some life lessons. It sounds like this kid is spoiled.
New drivers do not really know how to drive. Yes, They know the rules. But their first car will be dented(or total). So a older mid-to large car is good. No high profile 4x4s. No really small cars.
“Must be nice” mentality is toxic. He probably worked hard for his wealth. If he wants to get his daughter a nice car, let him do it. It’s not like he’s buying her a Tesla.
The Jack of all trades the Toyota Corolla. Brand name, reliable, economical and high resale value if she totals it! Very common so parts and mechanics are plenty.
2009-10 were surprisingly unreliable. Earlier ones back to the late 90's had an engine that could brick if you didn't watch oil levels (not pressure, which is what the oil gauge on the dashboard says) with the dipstick every 500 miles or so. Otherwise, they're pretty reliable.
I bought my own car so my parents didn't really have a say in that, and also I was always pretty frugal, but i don't like others making those types of decisions for me
Dave, As a guy who appreciates cars, you need somebody who can help people learn how to pick an affordable and reliable car. Some cars are driving financial disasters. Some cars may break but are easy/affordable to repair. Some cars are over-priced because they have a cult like following. AWD vs 4WD can be a big difference in reliability. I would never buy a KIA or Hyundai with an expired warranty. Dodge Neons are questionable. I would not own most AWD vehicles. They have expensive transfer case risks. Subaru is the reliable AWD except for a few model years. Most AWD vehicles are very sensitive to tire circumference. Damage one tire and you have to replace all four. A 4WD vehicle with a proper understanding of when to select 4x4 is far better in every way. A specialist for on-air advice would be great.
I second the car expert idea, it’s so frustrating hearing people say that $5,000 is way to cheap to get anything safe or reliable, my first car was an 06 civic and I drove it probably 10k miles in about a year with no issues at all and paid $1700 for it, more expensive ≠ safer/more reliable
@@cricky6239 A car with 140k miles and all or most of the midlife repairs (CV axles, water pump, bearings, timing belt, brakes) done is affordable and reliable if the good models are purchased. People seem to think reliable means under warranty.
I normally agree with Uncle Dave but he missed this guy's point. Or rather the caller didn't communicate correctly. His kids DO work and they do have discipline. They just don't work traditional part time after school jobs. He mentioned they focused more on schooling and volunteering which is 100% okay. Kids who volunteer and get excellent grades throughout highschool are shot to the top of the list for full ride academic scholarships. And you know what? When they're in college they'll be doing even more volunteering for college events and charities to keep those scholarships. This guy has the right idea.
You can do both. Or all 3 rather. I worked, volunteered and graduated at the top of my class (number 8). Got me a full ride scholarship. And I appreciated it much more, because I knew that the money I had wouldn't go that far.
@@Takar100 My point was the caller made it seem like his daughter doesn't work or that he doesn't want her to work. She's doing the same thing you did.
@@TrueNewb You naaaaame 😂😂😂 How long have you been listening to D. Ramsey? Two and a half years for me. You do know that 80% of the millionaires in all of his studies had college degrees???? I started college two years ago and thanks to him I'm debt free so far. I also drive a truck for a living and gave paid off almost $20,000 whole cash flowing college. I don't "prefer" anything. That's not what my comment was about.
I’m 16 and I saved for a car for 2 years. Started working at 14 and was able to pay cash for a 5k car by myself. I think it’s good to have kids pay for their own things so they value them more
My first car was a 2004 Pontiac grand am, that I got in ‘08 for $6k while in HS. I drove it until Feb of 2020. It served me well. No car payment for 12 years really helped out.
Facts bruhhh but D*** mine was a old Honda Civic just to get me by I’m one of those people that believe if it gets your from point A to point B is good.
Tanner Rienbolt And a Pepsi costs a nickel 50 years ago. What a car cost in 1970 is totally irrelevant, just like your comment. You cannot get a reliable car for 1300 dollars these days, grandpa.
I am 27 and I never had, or really needed actually, a car. I have lived in Greece, the UK and the Netherlands and so far public transport and/or cycling have been more than sufficient, and quite cheap.
Chuck Scharnhorst I’m 18 and own a 14k car. My insurance is freaking $250 a month at the bare minimum for full coverage from the LOWEST, they’re out of touch.
@@nathanielwoodbury2692 Seriously though. I'm 30 with a perfect driving record and a 7k car I bought 2 years ago; my standard (good coverage, nothing crazy though) insurance is $95/month. If I were a teen it would be MUCH higher.
Agreed the car insurance comment is inaccurate. My first car at 16 years old was a 1991 Buick Regal. Cost 2,300 and my insurance was 2,100 that first year. 20 years later and it still has me shook 🤦🏻♀️😳
Fun fact millions of people just found out that their credit cards have been shut off due to no fault of theirs, no prior warning, no explanation required, they don't care if you've carried a zero balance every month. That proves Dave's point about not keeping or depending on credit cards. Oh and if you have reward points or miles or whatever they offered? They're gone without a trace.
Kids have changed so much since I was a kid. I'm 60 now and just retired. I had to buy my first car (and all my cars for that matter) and did not think a thing about it. I bought a 1965 Chevy Malibu 327 for $500 when I was 15 1/2 and it had to set in the garage till the day I was 16 and took my drivers test. I started working in 6th grade cutting lawns, shoveled snow off driveways and 3 different paper routs and saved to buy it in Berea Ohio and I've not stopped working till the day I retired.
My first car was a 15 thousand dollar used 2006 Acura TL. I negotiated it down from 20k at the dealer as well. My dad paid cash for it back in 2010 and I still have it to this day as my only car.
Think, Very true, I love walking on the cliff top and having picnic. I have 3 course picnic, with silverware's and the whole nine yards. The fresh air,beautifulscenery etc...
I bought my first car this summer. 2.4k and I couldn’t be happier with it. It’s what I wanted and I worked to get it and then had to throw 1500 into it to fix it up. I believe the hard work I put in this summer was worth it, hard work can get you anywhere.(I am 16)
My dad broke the bank for my first car, a 1971 VW for $1500. It felt like a brand new Cadillac to me. Now I have five vehicles and maybe $8000 in them total.
Anyone saying that this will spoil a kid is wrong. It all depends how you’re raised. My first car at 16 years of age was a relatively new Audi, then a mustang. I appreciate every inch of the car, take care of it and Ik not everyone is blessed like this. It’s all about how you’re raised. Salty people will say otherwise
17 here and just bought my second truck. 2015 F-150 XLT. I bought the truck and pay for everything 100% on my own. My parents always said if you want something, you gotta work for it. I’ve been running my own business now for several years. Currently saving to buy a house and planning to be an IBEW electrician apprentice. If you were wondering, these steps WORK. Just follow the plan!
My parents had one rule when buying a car for my siblings and I. They pay $20k for a car to get us through high school and college. If it’s anymore than 20 then we pay the difference. Both my older siblings made it through both high school and college on their cars with no accidents and still drive their cars to this day. I’m currently a sophomore in college and still have my truck that’s been well taken care of with no accidents. I think it really depends on the individual that’s going to be driving the car rather than the price of it.
K LoLo 20k per kid, yes. We are all 5 years apart from each other so I’m sure that assisted them in paying for each car as well. I know that I’m blessed to have the opportunity to get a truck as nice as I have at this age, and that’s exactly why I’ve taken care of it as much as possible.
@@christian-gu5oq actully it does no problem with a decent brand new car like a toyota corrola or civic or a basic truck you want somthing reliable dependable safe and functional for your kids that all good but buying them cars like bmw and merc or other luxury cars are not the way to go that will ruin them.
I was blessed to get a 97 4runner from my mother, I’m 17 and I work so I rebuilt the suspension and bought some big tires and tinted the windows, it’s not the greatest but definitely lucky to have a reliable and good looking truck.
My parents made me pay insurance, and basically rent the truck on a monthly basis, definitely helped me with keeping it up to date on service and keeping it nice.
@@christian-gu5oq Statistics show that 20% of teenage drivers will get into a car accident within their first year of driving. It doesn't matter how responsible they are. They're inexperienced and there's a high chance they'll make a mistake. I'm assuming the majority of them are nothing major. Probably just backing into something or rear-ending someone from not paying attention or following to close.
Liam Welsh ok 20% but that really doesn’t mean anything most teenagers are irresponsible that’s why I said If your child is responsible which you as a parent should know if they are or not the kids Ik that drive the best are the ones with the most expensive cars ironically probably because they are afraid of crashing it if you have a 1,500 car you don’t really care. Also if you think your child is going to get in an accident won’t you buy them the safest car that limits the chance of them getting in an accident hence a modern car with accident avoidance
I bought every car I’ve ever owned. My first car was a gorgeous 91 Camaro convertible when I was 20 in the Navy. Oh, and I’ve never EVER financed a car.. lol
Ramona park Legend Depends where you live. In some cities you miss out by driving through your neighborhood instead of taking the time to slow down, get out and interact with your surroundings.
@redcomic619 Right ? I got my first car at 24 and I was dragged to the dealership! I wanted to save my money. I don’t get why a 16 year old would need a car but depends I guess. Nothing wrong with it but I don’t completely get it either
Not lately. They used to be good but Honda's reliability has skyrocketed down. Toyota Corollas and Camrys are the move for models after 2010 or so. Before then, Civics and Accords are just as good.
I loved my first car. An unassuming '97 Toyota Corolla. My parents bought it used for my older brother and then it was handed down to me when I started driving. I drove it for over 10 years - well past college - before passing it on.
Mom and dad bought my first car for $3k and I treated it badly. Next car I purchased myself for $1200 and treated it like a baby. Loved that '89 Accord.
I bought my 16yo a Honda CBR300 Motorcycle new for $4K as his first vehicle. Restricted him to our small town where the max speed limit was 35MPH if not on the bordering highway. This permitted him to travel to school, friends, church, local shopping center. More importantly he learned a higher degree of road and hazard awareness, how careless many drivers can be, how careful you have to be in bad weather. At 18 when he graduated HS I bought him a Nissan Xterrra, Used, for $18K. This as reward for enlisting in the Airforce. He is 3 years in and never had an accident and only 1 speeding ticket driving through Dallas. Sometimes the safest thing you can provide your child is Great awareness and understanding of the responsibility of driving.
My first car was a Geo Prism my dad bought me for 300$. It stayed in my family for about 10 years. It had a pretty substantial amount of rear fender damage, maybe enough to total it. And then it was passed down to my sister who rear ended someone(again, went unfixed) Continued to run another 1-2 years until it just started overheating too much. Had about 250k when we put it out of it's misery 😄
My first car was a 06 Suzuki Forenza @ 110K miles from my father, it was given to me and used it for about 6 years. I took care of the insurance and I paid about $2K to get it running perfectly; my dad made me learn how to fix and maintained the car (brakes, suspension, fluids, engine, etc) Best lesson I ever learned as I can now maintain my own car easily and fix my own stuff, was the prettiest car in the block but I learned so much from fixing/modding the vehicle; good memories came from it (:
I bought my first car for $300 when I was 14 years old. Chevy Biscayne 4 door, straight 6, I think 2 speed automatic transmission. It was big enough to sleep in, and great on "date night":)
My first car was a 1991 Jeep Cherokee, my parents bought it and surprised me with it in 2004 about a week after I turned 16. They paid less than $2000 but it was reliable and it lasted me until my mom gifted me the 2001 Jeep Grand Cherokee when I about 20. I had to pay for EVERYTHING besides the purchase price. I mowed lawns and I was good until I got a job at 18. She doesn't need an expensive car and it would do her some good to pay for something, gas insurance etc like I did. I learned a lot about that. Now I drive a 2009 Chevy Trailblazer, it's paid for in full and is immaculate.
Rules for teenagers to become successful with money: 1) do not own a car they cost a fortune in maintenance/gas, b) do not become a parent until married, c) do not borrow money.
You do realize that for much of the country, a car really is a necessity, right? The only bus that comes by my house is the school bus, and for obvious reasons it hasn't been by since March.
@@jutde I do realize this. The kid is only 15 and is doing fine without a car. When the schools start running again she can take the school bus. She does not need a car to go to work because according to the dad she is not working. Now once she gets her license at 16 then she can just borrow the family car when the parents are not using it.
It really depends on your budget, and your TEEN's budget. Buying a car for your teen can be a great opportunity to teach them a valuable lesson when it comes to personal finance!
When i was 16, i worked during the summer. The money i saved, i bought myself a ‘95 ford ranger. It was a stick shift. I had to learn how to drive it. My parents never bought me a car. I’m going to do the exact same thing for when i have kids and they turn 16.
This is what happened to me and what I did with all three of my boys. I worked, saved for and bought my own car cash. I paid for my own insurance and gas as well. Same for cell phones-they buy their own and pay for their own service. BTW my first car in 1989 was a 1975 Ford Maverick that had been wrecked for $175. It was a good car though. My niece had her first truck bought for her and she ran into a house with it. She had college paid for and dropped out. I feel like they do need some skin in the game.
My first car @16 was $15,000 G37 Infiniti, I paid $5,000 and my grandmother blessed me with $10,000 I still have it today @20. I never wrecked it and paid every speeding ticket for it, maintaince and gas I had been working since 13 and in first year college now and decided to give it back to my grandmother as a thank you and start fresh @21 since she got in accident with her truck. The main thing is to make sure the child value the car and knows it wasn’t just a spoil hand out or entitlement
Chances are that the first teenage car is going to get wrecked. Matched cash for my daughter's Honda Civic -- reliable and good on gas mileage. I helped my son in the same way to buy an ex-Forest Service Pickup Truck, a CUCV (registered as a military vehicle). Since he can't drive much over 55 and it's built like a tank, the insurance is actually lower than insurance on my car. An older car is also a lesson in car maintenance and getting to work with enough time margin.
Our daughter’s only 18 months old, my wife and I chat about it this topic all the time (I know we got tons of time). Love the idea of matching what they save so they skin in the game.
4:21 - That's what happens when buy a used BMW! Bad call unless you have money you want to throw away haha! My first vehicle was a 1996 GMC Sierra (standard) with 70k miles on it (they built them better back then), and I drove that thing for 11 years, past college and grad school, sold it with 238k miles. Not a forever car, but way past what Dave is saying. In fact, I started in 2001, and I'm only on my second vehicle right now, and plan on keeping it for 5-7 more years. And that's a massive part of how you build wealth - stop throwing a bunch of your money at something that goes DOWN in value!
I’m 17 now and my parents got me my car when I was 15. They bought a 2006 corolla from my grandma for $2,000 and it didn’t even have aux or bluetooth. When they got the car, I didn’t have a job, but I had a lot of birthday money saved up, so I threw in $100 and my parents threw in $100 since I got a 4.0 GPA and bought a touchscreen stereo with Apple Carplay and put it in myself, and now I intend on keeping it until the wheels fall off. Just get them an old car, because it’s cheap and can be retrofitted with new tech fairly easily that’ll make it just as good as any modern car
I bought my daughter a $150 2000 Saturn SL2 that had 85k miles and transmission problems. Invested another $350 to fix it myself, it’s been a fantastic and reliable car for her. She loves it. $500 for a super reliable, cold A/C, 35mpg, first car.
You honestly felt the need to call Dave Ramsey as a GROWN father and man to ask advice if 14k is too much for teens first car. This is what’s wrong with our society.
@Dr. Johnny Sins Income differences don't matter. Just because someone is worth 30 million, that doesn't mean it's smart to buy their kid a Lambo. Let's be real here, your comment is ridiculous. And anyone who calls in to this show, who needs financial advice, probably shouldn't be buying their kid a 14k car, six figures or not (which isn't that much money to justify 14% income for a car).
Buying your kid a 14k kid is NOT helping them at all. You’re creating an unrealistic floor for them and not incentivizing them in any way. But that’s why rich parents end up with druggie worthless kids: they hand them everything and expect nothing of them. Literally giving them a fish instead of teaching them how to fish. Good luck bro
I still have my first teenage car. 2003 Honda Civic. Cost 5,900. I paid 2k with money I saved from working retail and mom paid the rest cash. It’s my work car. So I don’t rack up the miles on my other cars. When you invest in it. You care about it more. Hence, why I can’t let go of it.
My first vehicle was an 82 Chevy conversion van with the whole interior missing besides the driver and passenger seat. No carpet. Pioneer super tuner tape deck with just front door speakers. Smoked like uncle bucks car. The maroon paint was faded and it was almost pink. I walked to work after school and my parents picked me up after work. First paycheck I bought the van for $200. Second check I got it legal and the rest is history. That was in 2003. Wouldn’t recommend a car like that for someone’s kid but I sure was proud to have it at the time.
Greatful to get a hand me down as my uncle upgraded. I come from a single mother so the car is perfect. Only issue with used cars with high mileage is things tend to wear out and for a high schooler it’s tough.
My parents started me off with no car at all. They told me to get a job and earn it... and i did. It made me love and value my first car even more.
i feel u
Same here. Never even scratched my 1st car, '95 Civic.
Same I just bought my own Bmw at the age of 16 all with my own money.
Good for them. Pay your way.
Scotty would recommend a ‘94 Celica “rev up your engines!” 😂😂
I love how anything that has to do on TH-cam somehow connects to spotty Kilmer or Chris fix I’m dead rev up your engines ✊🏼
we don’t care about scott or whatever his name is this is the dave ramsey show
😂😂😂I’m dead...rev up your engines!!!
@@Aplestamatos2 weak
This comment didn't age well
Im a salesman at a Honda dealership and it boggles my mind when ppl like this guy come in looking for 15k and up cars for their kids who just got there license lol
My dad always told me he would match what I saved to buy a car/truck since I was little. I found a truck I wanted for $6,000 when I was 15, I paid half and my dad paid the other and I still had some money left over for wheels, tires and gas money. I always appreciated my dad making me work for that truck. I wouldn’t be the hard working kid that owns a house at 22 years old, working 50+ hours a week plus side huddles that I am now. Thanks pops.
That’s amazing brotha
Haha my dad always said that until he realized how much he underestimated my work ethic. About to buy a $20k truck at 17 years old, sadly won’t be getting any help from my pops
🍪
My twins will be sharing my 2019 Silverado... in about 11 years.
I got my Mom's 03 TrailBlazer a few years back! Great idea
Silverado is an amazing Truck. Lucky kids.
😂😂😂😂
Being GM it will be in the scrap yard in 10 years if it makes it pass 5
Lol. Probably won’t be able to legally drive it. Safety standards would of increased a lot!
Beaters build character.
My first car was a 1974 Buick Electra LTD. It had 6 seat belts, but fit 8 comfortably, with room for 4 more in the trunk on nights we went to the drive-in. Lots of character was built in that car haha
FYI this was back in '02-'03, I'm not THAT old...
Beaters for me make you appreciate every single tiny upgrade.
OMG This car has windows that can go up&down
OMG this car has heat
OMG the radio works
OMG it has AC
OMG the brakes work.
I have said all of those things. I was so excited when I upgraded
Beaters may cause more deaths, so....
Worth?
@@BadMannerKorea Can you cite any source that more car accidents/deaths are cause by old cars due to malfunctioning parts instead of driver error? If your breaks fail and cause a wreck, is it because the car is old or because the owner failed to do proper maintenance on the vehicle?
And embarrassment 😂.
Heck, I'm 25, with a really good, stable job, and I'm happy with my $6k car...
what is it
He’s a stripper
No matter what my wealth is, my children will get a standard used car, nothing special. If they want something more, they'll be buying it themselves🔥🔥🔥
Yes, I totally agree because as parents our job is to teach them the value of money.
Used car is dangerous and can die on freeway, no reason to put ur teen in danger if ur rich
I don’t think this was about money. Buying a teenager a 3k hooptie with all kinds of mechanics problems is not safe.
It's natural for a parent not to put their child in harm's way. I'm pretty sure a responsible parent will not even do that. I would personally purchase a car of great quality but if the teenager expect a 2020 model. I would recommend my child on buying it themselves; to understand the value of a dollar.
Kerena Only my first car was 5k, NOT a hooptie, it was old but had less than 50k miles on it. I drove it for 8 years.
My daughter will be receiving my 2003 Saturn Ion. Congrats kid, free car.
wow, you must really hate her with that faulty ignition switches they have
Just get her a Corolla, If u really care about her
@@justonemori already been replaced.
@@ClassCraZeTV if she wants a different car she's more than welcome to work and save for it. If not she gets this car.
@Dr. Johnny Sins I drove a $500 Ford Escort. If she wants a better car she can work for it. I guess my kid isn't as entitled as yours...
My Dad got me a $2000 hooptie. He said, "I'll buy it for you but you have to maintain it". The transmission went out and the oil pump quit while I had it (6 years). He got it for me when I was in high school. I quickly learned that I needed to work in order to own a car.
This is why I cringe when Dave says get a $2k car
My dad got me a brand new BMW as a teenager. I loved it, never took it for granted, and took such good care of it. My dad was into cars and he and I would race them together at autocrosses. It was a great thing to bond over and I have always taken meticulous care of my cars since then.
Nice Flex
You frontin
Lucky you huh wow
I bought my son a reliable 4 cylinder used car and he still has it twelve years later. I told him it was the only car I was buying for him, so take care of it. His friends made fun of the car but it always ran while theirs were always being fixed. He was happy with it and took care of it.
Buy her the car you feel comfortable with her driving: reliable, safe, affordable. And teach her defensive driving.
I’d say he got lucky XD I dont see many used cars lasting 12 years after buying it, I’ve had a couple used cars, and even if you take good care of it, something can, and usually does go wrong.
I bet it was Toyota or Honda :-)
Yep. 2006 honda pilot still running with 200,000+ miles.
@@spqr1945 Bingo! Toyota
Did it have a turbo at least ?
I was handed my first truck and in return, I did not take care of it like I should have. Like Dave said, I had no skin in the game. I agree 100%
It's different for everybody..... my oldest nephew was handed his dad's old truck as his first vehicle when he graduated high school and he treated it well..... and he drove it until he totalled it not too long ago, and then there was my second nephew who kept getting handed trucks because he kept totalling them.... he's been through 3 trucks..... I actually purchased my first vehicle myself and i took great care of it for the time that i did have it..... all the money put into it was mine and i loved that truck..... but then i did something stupid and traded it in...... now I'm on my third vehicle in my life that I'll be holding the title to and I've learned holding that title really makes you appreciate it more especially when you put the money into it......
Exactly you first car should be one you're not afraid it'll get abused while you're still learning to drive
It should be a few grand. Something reliable, but not extremely fancy. I like Toyotas.
5k corolla or camry
Nocturnal X my first car a toyota corolla 2017 paid for at $18k. And I am 35 years of age! lol
Just bought a Corolla for my daughter. Has 100K miles.
Luis Pineda done deal, cant go wrong.
Older Honda Civics and Accords are pretty great as well, especially if you know how to drive a manual!
“You must gain control over your money or the lack of it will forever control you.”
-Dave Ramsey
DON’T BUY A NISSAN! And do not buy a CVT transmission. You want a car that lasts? Corolla or Camry. I don’t know about the brand new ones.
Honda Accord Sns Civic :D
@NurturingTalents Automatic transmissions are trash
You can get a decent used Nissan Maxima for cheap. Not as reliable as a Toyota, but a lot more affordable and a lot more fun to drive.
@Dodd Frank 6 years is not a long time
@@xAaronnnnn I have an 06 Maxima with 150K miles and the transmission still runs smooth. Something tells me you've been listening to Scotty Kilmer too much.
I just went thru this with my daughter of 17 recently. She found a decent car and I chipped in a little bit, so she didn't completely drain her savings. My desire was for her to have something safe and reliable. All decisions affecting my daughter are "will she be safe". She is responsible for insurance, maintenance and fuel. She is taking good care of her car.
The question is the price. How much is a decent number to spend on a teen. “Safe and reliable” can literally be anything between 3k and 20k. Literally anywhere,
Kerena Only 5-10k Honda or Toyota is perfectly fine.
my first car was a 1999 cavalier, paid 700$ and it lasted me 4 years!
My first car was a 1991 Chevy cavalier $1,500
Mine was a 2003 Caviler for $3,500
Fantastic car😂
2nd car was 2000 cavalier...bought in 2005 for $5k with 19k miles. Drove until 123k miles in 7 years and sold it for $2500
Cavaliers are indestructible. It was my first car, and bought another one for 800 bucks. It's lasted me 5 years
We matched our daughter when buying her 1st car and she paid the insurance. She never ruined it either.
As an 18 year old who basically did the same thing, I agree with this method. It puts some sense of responsibility on the kid
Safe car doesn't equal expensive car.
Fact: the safest car was the Volvo .
from my best of knowledge's I don't think one person died in those cars in result of getting in an accident.
Volvo actually created a club for people who owned those Volvo's that got in an accident and the car literally saved their lives. Lookup the story, it's amazing. As far as safety, Those were ahead of their times by far.
@Rob Fahey it's actually very easy to find a safe car for under $2k. Mid-size sedans, small to mid-size suv's, wagons and crossovers, heck even regular cab pickups. Have realistic standards, don't listen to them whine about it not being cool, and there are more than enough options.
Or just keep making excuses for why you want to spend more money. Up to you.
💯 well said.
Sean Baker There is no way I’d buy a car over 4-5k for a kid even if I was a one percenter. Insurance for teen drivers is expensive. A big way to cut down on this cost is to have liability only. If they wreck the car and are fault, buy them a 1-2 k car as a replacement. If they wreck that a bus pass. Old cars can be reasonably safe. Large sedans from the early 2000s are good cars for first time drivers. 4x4s and all wheel drive vehicles are not for teens. If the roads are so bad that a two wheel drive car can’t make it the teen should be at home. Every teen I knew that had a 4x4 wrecked during the first snow. Formal education is good, but young people need some life lessons. It sounds like this kid is spoiled.
New drivers do not really know how to drive. Yes, They know the rules. But their first car will be dented(or total). So a older mid-to large car is good. No high profile 4x4s. No really small cars.
Rule of Thumb: Dads will always put their daughters in a better car than they would their sons.
This is actual factual
Because sons have more expensive car insurance. The dad's still paying the same total amount in the long run, lol.
@@codyfernfan6274 More sons can take care of them self's and Daughters cant in most cases
@@dknowles60 Source: just trust me bro
CodyFern Fan Source:common sense
"BMW's are just endless money pits as they age" - Scotty
BMW = Big Money Wasted
But man do they drive well.. lol
True. Coming from a guy who's on his second.
It must be nice to have parents buy a $15,000 car for a 16 year old. They would struggle to buy something like that for themselves.
“Must be nice” mentality is toxic. He probably worked hard for his wealth. If he wants to get his daughter a nice car, let him do it. It’s not like he’s buying her a Tesla.
@@NathanOstMusic so what? The kid is privileged to be born to a “hardworking” parent. Several kids don’t have that luxury.
@@esonon5210 neither did I. That doesn’t mean they deserve to be looked at negatively
RMD oh shut up
You need to grow up and understand not everyone will be equal. Be happy for others!
The Jack of all trades the Toyota Corolla. Brand name, reliable, economical and high resale value if she totals it! Very common so parts and mechanics are plenty.
2009-10 were surprisingly unreliable. Earlier ones back to the late 90's had an engine that could brick if you didn't watch oil levels (not pressure, which is what the oil gauge on the dashboard says) with the dipstick every 500 miles or so. Otherwise, they're pretty reliable.
I bought my own car so my parents didn't really have a say in that, and also I was always pretty frugal, but i don't like others making those types of decisions for me
Dave, As a guy who appreciates cars, you need somebody who can help people learn how to pick an affordable and reliable car. Some cars are driving financial disasters. Some cars may break but are easy/affordable to repair. Some cars are over-priced because they have a cult like following. AWD vs 4WD can be a big difference in reliability. I would never buy a KIA or Hyundai with an expired warranty. Dodge Neons are questionable.
I would not own most AWD vehicles. They have expensive transfer case risks. Subaru is the reliable AWD except for a few model years.
Most AWD vehicles are very sensitive to tire circumference. Damage one tire and you have to replace all four.
A 4WD vehicle with a proper understanding of when to select 4x4 is far better in every way.
A specialist for on-air advice would be great.
I second the car expert idea, it’s so frustrating hearing people say that $5,000 is way to cheap to get anything safe or reliable, my first car was an 06 civic and I drove it probably 10k miles in about a year with no issues at all and paid $1700 for it, more expensive ≠ safer/more reliable
@@cricky6239 A car with 140k miles and all or most of the midlife repairs (CV axles, water pump, bearings, timing belt, brakes) done is affordable and reliable if the good models are purchased. People seem to think reliable means under warranty.
Do half of that it will get beat up and probably wrecked
I drove my high school car from age 17 to 28. Saving me thousands!
Bought my fist car at 21 for $6,500 engine blew up 5,000 miles later. Sold it for $800
And I’m over here looking at a $1,500 car🤣 1999 Hondacivic 🤣
Those have rampant odometer fraud be careful.
A civic from the 90s is a great bet. I’ve got an Acura TL (2007) with 200k miles still running great
Yesss get an EM1
2000 in my opinion. They aren‘t very good in parking their cars 😆
I'm 15 and I can perfectly reverse and parallel park.
I'm 31 and I'm still driving my first car I bought in 2009, it's a Chevy HHR... and it's been good to me.
Good
I normally agree with Uncle Dave but he missed this guy's point. Or rather the caller didn't communicate correctly. His kids DO work and they do have discipline. They just don't work traditional part time after school jobs. He mentioned they focused more on schooling and volunteering which is 100% okay. Kids who volunteer and get excellent grades throughout highschool are shot to the top of the list for full ride academic scholarships. And you know what? When they're in college they'll be doing even more volunteering for college events and charities to keep those scholarships. This guy has the right idea.
So you prefer book smarts over street smarts then. There is a whole lot in this world a book or college can never teach you.
You can do both. Or all 3 rather. I worked, volunteered and graduated at the top of my class (number 8). Got me a full ride scholarship. And I appreciated it much more, because I knew that the money I had wouldn't go that far.
@@Takar100 My point was the caller made it seem like his daughter doesn't work or that he doesn't want her to work. She's doing the same thing you did.
@@TrueNewb
You naaaaame 😂😂😂
How long have you been listening to D. Ramsey? Two and a half years for me. You do know that 80% of the millionaires in all of his studies had college degrees???? I started college two years ago and thanks to him I'm debt free so far. I also drive a truck for a living and gave paid off almost $20,000 whole cash flowing college.
I don't "prefer" anything. That's not what my comment was about.
truenewb I think you missed his point the kids work just not as much as some other kids
Still have my first truck after 21 years. '77 Chevy K-20.
I’m 16 and I saved for a car for 2 years. Started working at 14 and was able to pay cash for a 5k car by myself. I think it’s good to have kids pay for their own things so they value them more
My first car was a 2004 Pontiac grand am, that I got in ‘08 for $6k while in HS. I drove it until Feb of 2020. It served me well. No car payment for 12 years really helped out.
Wow that’s awesome
Toyota corolla. Honda civic..
I agree. I got my 2012 civic for 7k and it still runs perfectly. There are many used cars at great value.
Yupp ! corolla gang here
I bought a 2006 corolla for 5k and it’s been great
Civics and Corollas don't come in AWD.
Crown victoria or mercury grand marquis
My first car was $1,300.... $14k for a teenager is absurd
Come to rich schools in Plano, you’ll see kids in Mercedes Benz and maseratis
Facts bruhhh but D*** mine was a old Honda Civic just to get me by I’m one of those people that believe if it gets your from point A to point B is good.
Tanner Rienbolt And a Pepsi costs a nickel 50 years ago. What a car cost in 1970 is totally irrelevant, just like your comment. You cannot get a reliable car for 1300 dollars these days, grandpa.
@@speakingtruths4215 I'm 24 lol
I am 27 and I never had, or really needed actually, a car. I have lived in Greece, the UK and the Netherlands and so far public transport and/or cycling have been more than sufficient, and quite cheap.
Buy a rav 4 2010 , made in Japan, run for ever ...
" A day or two a month" pays for a 16 year olds car insurance?
The definition of out of touch
Chuck Scharnhorst I’m 18 and own a 14k car. My insurance is freaking $250 a month at the bare minimum for full coverage from the LOWEST, they’re out of touch.
@@nathanielwoodbury2692 Seriously though. I'm 30 with a perfect driving record and a 7k car I bought 2 years ago; my standard (good coverage, nothing crazy though) insurance is $95/month. If I were a teen it would be MUCH higher.
about a hundred bucks yeah if she works an 8 hour day on a saturday that should cover most of her monthly payment
Agreed the car insurance comment is inaccurate. My first car at 16 years old was a 1991 Buick Regal. Cost 2,300 and my insurance was 2,100 that first year. 20 years later and it still has me shook 🤦🏻♀️😳
Fun fact millions of people just found out that their credit cards have been shut off due to no fault of theirs, no prior warning, no explanation required, they don't care if you've carried a zero balance every month. That proves Dave's point about not keeping or depending on credit cards. Oh and if you have reward points or miles or whatever they offered? They're gone without a trace.
Kids have changed so much since I was a kid. I'm 60 now and just retired. I had to buy my first car (and all my cars for that matter) and did not think a thing about it. I bought a 1965 Chevy Malibu 327 for $500 when I was 15 1/2 and it had to set in the garage till the day I was 16 and took my drivers test. I started working in 6th grade cutting lawns, shoveled snow off driveways and 3 different paper routs and saved to buy it in Berea Ohio and I've not stopped working till the day I retired.
@@gb9719 Go back to your video game.
I paid $3500 cash for my truck, I miss it so much, ran so good !
My first car was a 15 thousand dollar used 2006 Acura TL. I negotiated it down from 20k at the dealer as well. My dad paid cash for it back in 2010 and I still have it to this day as my only car.
“That man is the richest whose pleasures are cheapest.”
--Henry David Thoreau
I love that quote!!
Lol
Love it! I will write it down.
Think, Very true, I love walking on the cliff top and having picnic. I have 3 course picnic, with silverware's and the whole nine yards. The fresh air,beautifulscenery etc...
Not really true
I bought my first car this summer. 2.4k and I couldn’t be happier with it. It’s what I wanted and I worked to get it and then had to throw 1500 into it to fix it up. I believe the hard work I put in this summer was worth it, hard work can get you anywhere.(I am 16)
My first car was free. My best friend gave it to me when he bought his new car
Thats an awesome friend
Kay yeah he definitely is
How old was your best friend at time? Lol who just gives away a car
Bro that’s one good friend you got there
Awesome to hear. Pay it forward bro, never forget..
My dad broke the bank for my first car, a 1971 VW for $1500. It felt like a brand new Cadillac to me. Now I have five vehicles and maybe $8000 in them total.
Anyone saying that this will spoil a kid is wrong. It all depends how you’re raised. My first car at 16 years of age was a relatively new Audi, then a mustang. I appreciate every inch of the car, take care of it and Ik not everyone is blessed like this. It’s all about how you’re raised. Salty people will say otherwise
17 here and just bought my second truck. 2015 F-150 XLT. I bought the truck and pay for everything 100% on my own. My parents always said if you want something, you gotta work for it. I’ve been running my own business now for several years. Currently saving to buy a house and planning to be an IBEW electrician apprentice. If you were wondering, these steps WORK. Just follow the plan!
My parents had one rule when buying a car for my siblings and I. They pay $20k for a car to get us through high school and college. If it’s anymore than 20 then we pay the difference. Both my older siblings made it through both high school and college on their cars with no accidents and still drive their cars to this day. I’m currently a sophomore in college and still have my truck that’s been well taken care of with no accidents. I think it really depends on the individual that’s going to be driving the car rather than the price of it.
$20K is a lot. 20K per kid? Can your parents adopt me?
K LoLo 20k per kid, yes. We are all 5 years apart from each other so I’m sure that assisted them in paying for each car as well. I know that I’m blessed to have the opportunity to get a truck as nice as I have at this age, and that’s exactly why I’ve taken care of it as much as possible.
This is the truth if your kids are responsible price doesn’t matter
@@christian-gu5oq actully it does no problem with a decent brand new car like a toyota corrola or civic or a basic truck you want somthing reliable dependable safe and functional for your kids that all good but buying them cars like bmw and merc or other luxury cars are not the way to go that will ruin them.
I was blessed to get a 97 4runner from my mother, I’m 17 and I work so I rebuilt the suspension and bought some big tires and tinted the windows, it’s not the greatest but definitely lucky to have a reliable and good looking truck.
Always found reliability with Honda, and Hyundai.
My parents made me pay insurance, and basically rent the truck on a monthly basis, definitely helped me with keeping it up to date on service and keeping it nice.
Wow. My first car was a 1997 Volkswagen Cabrio that cost 2k at an auction. Wish I still had it.
Children that age, no $15,000 car, more like a $1,500 car. She is going to destroy it no matter what.
Not true if you have a responsible child also you want a reliable safe car which 1,500 won’t get you
@@christian-gu5oq Statistics show that 20% of teenage drivers will get into a car accident within their first year of driving. It doesn't matter how responsible they are. They're inexperienced and there's a high chance they'll make a mistake. I'm assuming the majority of them are nothing major. Probably just backing into something or rear-ending someone from not paying attention or following to close.
Liam Welsh ok 20% but that really doesn’t mean anything most teenagers are irresponsible that’s why I said If your child is responsible which you as a parent should know if they are or not the kids Ik that drive the best are the ones with the most expensive cars ironically probably because they are afraid of crashing it if you have a 1,500 car you don’t really care. Also if you think your child is going to get in an accident won’t you buy them the safest car that limits the chance of them getting in an accident hence a modern car with accident avoidance
Facts I got a 1,900 car and took care of it because I got it with my own money 16k for a first car is way to much
@@liamwelsh5565
I think its more than that.
Other teens,distractions,peer pressure,etc.
I bought every car I’ve ever owned. My first car was a gorgeous 91 Camaro convertible when I was 20 in the Navy. Oh, and I’ve never EVER financed a car.. lol
I didn’t own a car until I was 25. Couldn’t afford one so I walked, took the bus or rode a bike. I also saved thousands of dollars in the process.
Similar situation here also. Didn't have one until three years ago. I commuted with co-workers until then.
You miss out on so much life by not having a car
Ramona park Legend Depends where you live. In some cities you miss out by driving through your neighborhood instead of taking the time to slow down, get out and interact with your surroundings.
@redcomic619 Right ? I got my first car at 24 and I was dragged to the dealership! I wanted to save my money. I don’t get why a 16 year old would need a car but depends I guess. Nothing wrong with it but I don’t completely get it either
Unless you live in the middle of nowhere and have to drive 20 mins to any town
Since everyone wants to give their opinion on what kind of car HONDA HONDA HONDA
Not lately. They used to be good but Honda's reliability has skyrocketed down. Toyota Corollas and Camrys are the move for models after 2010 or so. Before then, Civics and Accords are just as good.
My first car was when I was 21, I joined the military and after a deployment I was able to get myself one.
I took my basic and ait money and bought a decent used car! Still got it 4 years later and plan to keep it until it is too expensive to maintain
As expensive as won’t spoil your kid. Make them work a bit.
My girl asked me if she was spoiled,
I said ask Siri on your iPhone 11.
didn't know parents buy cars for their teenagers. They must be spoiled af
I loved my first car. An unassuming '97 Toyota Corolla. My parents bought it used for my older brother and then it was handed down to me when I started driving. I drove it for over 10 years - well past college - before passing it on.
Give her one of your old cars and get a newer one or new vehicle for yourself
Their old cars are probably worth more than that. Lol.
Mom and dad bought my first car for $3k and I treated it badly. Next car I purchased myself for $1200 and treated it like a baby. Loved that '89 Accord.
This dad sounds super reasonable. A 14k car is not an expensive car no matter what the geniuses on this show and comment section espouse.
I bought my 16yo a Honda CBR300 Motorcycle new for $4K as his first vehicle. Restricted him to our small town where the max speed limit was 35MPH if not on the bordering highway. This permitted him to travel to school, friends, church, local shopping center. More importantly he learned a higher degree of road and hazard awareness, how careless many drivers can be, how careful you have to be in bad weather.
At 18 when he graduated HS I bought him a Nissan Xterrra, Used, for $18K. This as reward for enlisting in the Airforce. He is 3 years in and never had an accident and only 1 speeding ticket driving through Dallas.
Sometimes the safest thing you can provide your child is Great awareness and understanding of the responsibility of driving.
First car should be a $500 four-cylinder five-speed ranger or S10 LOL
@@cortknippers9796 I'm 17 years old and looking for a ranger 😂😂 (first car)
My first car was a Geo Prism my dad bought me for 300$. It stayed in my family for about 10 years.
It had a pretty substantial amount of rear fender damage, maybe enough to total it. And then it was passed down to my sister who rear ended someone(again, went unfixed) Continued to run another 1-2 years until it just started overheating too much. Had about 250k when we put it out of it's misery 😄
My first car was S10 Xtreme.
Great little car.
Boy I miss that car.
My first car was a 06 Suzuki Forenza @ 110K miles from my father, it was given to me and used it for about 6 years. I took care of the insurance and I paid about $2K to get it running perfectly; my dad made me learn how to fix and maintained the car (brakes, suspension, fluids, engine, etc)
Best lesson I ever learned as I can now maintain my own car easily and fix my own stuff, was the prettiest car in the block but I learned so much from fixing/modding the vehicle; good memories came from it (:
The lady starts talking and she doesn’t stop, her partner sitting next to her tries his best to stay calm..
I bought my first car for $300 when I was 14 years old. Chevy Biscayne 4 door, straight 6, I think 2 speed automatic transmission. It was big enough to sleep in, and great on "date night":)
$2,000 Honda Civic. They're like a 50% chance a kid totals their car.
@@nbarbeer 😅
jmorris023 that’s exactly what we spent on a 2001 Civic, runs great!
Yea maybe for irresponsible kids but this man sounded like he raised his daughter well
@@christian-gu5oq You're adorable for thinking that there are truly responsible teenagers.
jmorris023 plenty of them its funny that you don’t know that
My first car was a 1991 Jeep Cherokee, my parents bought it and surprised me with it in 2004 about a week after I turned 16. They paid less than $2000 but it was reliable and it lasted me until my mom gifted me the 2001 Jeep Grand Cherokee when I about 20. I had to pay for EVERYTHING besides the purchase price. I mowed lawns and I was good until I got a job at 18. She doesn't need an expensive car and it would do her some good to pay for something, gas insurance etc like I did. I learned a lot about that. Now I drive a 2009 Chevy Trailblazer, it's paid for in full and is immaculate.
Rules for teenagers to become successful with money: 1) do not own a car they cost a fortune in maintenance/gas, b) do not become a parent until married, c) do not borrow money.
You do realize that for much of the country, a car really is a necessity, right? The only bus that comes by my house is the school bus, and for obvious reasons it hasn't been by since March.
@@jutde I do realize this. The kid is only 15 and is doing fine without a car. When the schools start running again she can take the school bus. She does not need a car to go to work because according to the dad she is not working. Now once she gets her license at 16 then she can just borrow the family car when the parents are not using it.
Dave is the man! always giving good advice
It really depends on your budget, and your TEEN's budget. Buying a car for your teen can be a great opportunity to teach them a valuable lesson when it comes to personal finance!
@NPC exactly!
When i was 16, i worked during the summer. The money i saved, i bought myself a ‘95 ford ranger. It was a stick shift. I had to learn how to drive it. My parents never bought me a car. I’m going to do the exact same thing for when i have kids and they turn 16.
1994 Toyota Celica according to Scotty Kilmer😂
Love him
Rev up your engines!
👍Scotty
This is what happened to me and what I did with all three of my boys. I worked, saved for and bought my own car cash. I paid for my own insurance and gas as well. Same for cell phones-they buy their own and pay for their own service. BTW my first car in 1989 was a 1975 Ford Maverick that had been wrecked for $175. It was a good car though. My niece had her first truck bought for her and she ran into a house with it. She had college paid for and dropped out. I feel like they do need some skin in the game.
Still going strong with the 2007 Prius my mom gifted me 9 years ago.
My first car @16 was $15,000 G37 Infiniti, I paid $5,000 and my grandmother blessed me with $10,000 I still have it today @20. I never wrecked it and paid every speeding ticket for it, maintaince and gas I had been working since 13 and in first year college now and decided to give it back to my grandmother as a thank you and start fresh @21 since she got in accident with her truck. The main thing is to make sure the child value the car and knows it wasn’t just a spoil hand out or entitlement
Chances are that the first teenage car is going to get wrecked. Matched cash for my daughter's Honda Civic -- reliable and good on gas mileage. I helped my son in the same way to buy an ex-Forest Service Pickup Truck, a CUCV (registered as a military vehicle). Since he can't drive much over 55 and it's built like a tank, the insurance is actually lower than insurance on my car. An older car is also a lesson in car maintenance and getting to work with enough time margin.
My first car was a '98 Silverado I bought from my father, worked two jobs and paid for it in one summer. $5,000.
First car was $2500, lasted no problem through high school and into college.
Our daughter’s only 18 months old, my wife and I chat about it this topic all the time (I know we got tons of time). Love the idea of matching what they save so they skin in the game.
I walked and rode a bike and took the bus and asked friends for a ride. Didn't get my driver license until I was 22.
4:21 - That's what happens when buy a used BMW! Bad call unless you have money you want to throw away haha! My first vehicle was a 1996 GMC Sierra (standard) with 70k miles on it (they built them better back then), and I drove that thing for 11 years, past college and grad school, sold it with 238k miles. Not a forever car, but way past what Dave is saying. In fact, I started in 2001, and I'm only on my second vehicle right now, and plan on keeping it for 5-7 more years. And that's a massive part of how you build wealth - stop throwing a bunch of your money at something that goes DOWN in value!
Hoopdie, next question
I’m 17 now and my parents got me my car when I was 15. They bought a 2006 corolla from my grandma for $2,000 and it didn’t even have aux or bluetooth. When they got the car, I didn’t have a job, but I had a lot of birthday money saved up, so I threw in $100 and my parents threw in $100 since I got a 4.0 GPA and bought a touchscreen stereo with Apple Carplay and put it in myself, and now I intend on keeping it until the wheels fall off. Just get them an old car, because it’s cheap and can be retrofitted with new tech fairly easily that’ll make it just as good as any modern car
I dont need AWD to live in Michigan...
I bought my daughter a $150 2000 Saturn SL2 that had 85k miles and transmission problems. Invested another $350 to fix it myself, it’s been a fantastic and reliable car for her. She loves it. $500 for a super reliable, cold A/C, 35mpg, first car.
You honestly felt the need to call Dave Ramsey as a GROWN father and man to ask advice if 14k is too much for teens first car.
This is what’s wrong with our society.
@Dr. Johnny Sins Income differences don't matter. Just because someone is worth 30 million, that doesn't mean it's smart to buy their kid a Lambo. Let's be real here, your comment is ridiculous. And anyone who calls in to this show, who needs financial advice, probably shouldn't be buying their kid a 14k car, six figures or not (which isn't that much money to justify 14% income for a car).
My first was $500 1999 Pontiac Bonneville and that was an absolute unit. Teaching a teenager how to drive is far more important than the car itself.
You shouldn’t be shopping at all teach your children to earn their first car by paying for it themselves
Buying your kid a 14k kid is NOT helping them at all. You’re creating an unrealistic floor for them and not incentivizing them in any way. But that’s why rich parents end up with druggie worthless kids: they hand them everything and expect nothing of them. Literally giving them a fish instead of teaching them how to fish. Good luck bro
My first car was $2,000 cash and 15 years old when I got it and we still have it!!😆
How old are you know.
Visori J 26
@@summer2011leggo time to let go of that tangggg
David Sanchez I want to! But I don’t have money to replace it right now
summer2011leggo oh dang my bad. Soon you will though!! I believe in you
I didn’t purchase a car for my son until his 2nd year in college. 2008 Dodge Magnum. Only car I ever purchased for him.
Caller - My girlfriend is cheating on me, in my car!
Dave - Sell your car. Simple.
I still have my first teenage car. 2003 Honda Civic. Cost 5,900. I paid 2k with money I saved from working retail and mom paid the rest cash. It’s my work car. So I don’t rack up the miles on my other cars. When you invest in it. You care about it more. Hence, why I can’t let go of it.
I got a new car when I graduated high school and I wished I had a hooptie instead🤣
My first vehicle was an 82 Chevy conversion van with the whole interior missing besides the driver and passenger seat. No carpet. Pioneer super tuner tape deck with just front door speakers. Smoked like uncle bucks car. The maroon paint was faded and it was almost pink. I walked to work after school and my parents picked me up after work. First paycheck I bought the van for $200. Second check I got it legal and the rest is history. That was in 2003. Wouldn’t recommend a car like that for someone’s kid but I sure was proud to have it at the time.
Keep it cheap because the car will be wrecked soon.
Greatful to get a hand me down as my uncle upgraded. I come from a single mother so the car is perfect. Only issue with used cars with high mileage is things tend to wear out and for a high schooler it’s tough.