Many parents struggle with the decision of whether to purchase their teenager a vehicle.  Often, parents can afford a new vehicle, but they are concerned with indulging their children in this way.  So what is the answer?

If parents spend too little on a vehicle, their teenager may wind up with a junker that is unreliable.  Also, their teen might end up working too hard on supporting the vehicle, instead of worrying about their studies.

If parents spend too much, teens might acquire a sense of entitlement that is unhealthy.  Also, they may have a warped sense of how much things really cost.

Children who are just handed cars never really learn about the value of money.  In fact, children whose parents buy them luxury cars often end up totaling the car within a few months.  In this case, the only thing parents can do is make sure their child is covered with a road service program.

When it comes right down to it, if you’re going to give your child a car, you should make your child put some effort towards the car.  In other words, it is a good idea for children to have to put some of their own money towards the vehicle.