Many parents find it difficult to make a decision about whether or not they should purchase a vehicle for their teenager. There are some parents who are able to afford purchasing a new car for their teenager, but there is concern about over-indulging their child.

If parents do not spend enough money on a car for their teenager, it is a possibility that they are buying an unreliable and unsafe junker car for them. In addition, their teenager could end up working too hard to pay for the vehicle and consequently they could lose focus on their studies in school.

Though not spending enough money isn’t necessarily good, if parents spend too much money on a new car for their teenager, their child could gain an unhealthy sense of entitlement. As a result, their teenager could also develop a distorted sense of how much money things can cost.

The value of money is not really learned by teenagers if they just have a car handed to them. Many teenagers whose parents buy a luxury vehicle for them often end up totaling their car within the first few months of ownership. In the event that your teen gets into an accident or gets stranded on the side of the road, it is important to sign them up with a reliable roadside assistance program so that help is available to them when needed.