Can't buy me love...but you can buy me a new car
My son recently turned 14 which means he is just a very short time away from him being car eligible. My first car was a 1974 Pontiac Ventura that I paid $400 for and then had painted a beautiful metallic blue. (see picture). Really it was a piece of junk and given my non-existent mechanical skills I was certainly no help to make it better but the car did do the job to get me from A to B. The good news also was that it was so bad I did not have to worry about spending extra gas to drive friends around. Now with the son just a couple of years from car age the dilemma of how to handle this is very much on the family radar. A car payment, $3.50+ a gallon gas and outrageous car insurance has the potential to be a tremendous burden especially with college tuition on the way soon too. Just the other day I saw a picture of a friend of mine’s daughter standing next to a beautiful brand new Dodge Charger and it got me to thinking about the pros and cons of how a car at 16 is handled by pare...