We have always said we would buy their first car for their 17th birthdays just like mine was but after that it is up to them to maintain them.
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28-08-2013 08:56 #11
28-08-2013 08:58 #12
No, we won't be buying any of our kids their first cars, it will be something they have to do for themselves by working/saving when the time comes.
28-08-2013 09:04 #13
We plan to contribute (in many, many years time). But, it's likely to be a surprise contribution once our kids have already saved for a car as we think saving for their first big purchase is an important lesson.
28-08-2013 09:20 #14Senior Member
- Join Date
- Mar 2009
Dh and I plan on buying our girls a reasonable car each, but they will be expected to save a small amount towards it.
I saved up and bought a cheap $500 car and it died within 3 months, I then shared mums car for a few months before they put in $3000 and I was able to cash in some shares I inherited to buy a better $5000 car.
28-08-2013 09:30 #15
My first car was mums old one when she upgraded. Started saving for my own when I started working at 18 & brought one 18 months later. Dad paid it outright with what I had saved (75%) & he topped up the rest which I paid back to him with no interest over 12 months. DP now has that car while I'm on maternity leave. Once our unborn bub is old enough for a car they will probably be using hover crafts or teleporting portals LOL.
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28-08-2013 09:36 #16
DD1 didn't want a car so we put that money towards her going down to her uni open day (2k) and than setting her up when she moved. (another 3k)
All the kids will need to save for a car and we will help to get them a safe car.
All my kids will have after school jobs, we feel that it is important to learn to balance working and studying before they get to uni.
28-08-2013 09:49 #17
We will either buy them a decent car or give them our second car and upgrade. I've no interest in them buying a bomb or an unreliable car that requires lots of mechanical work. My kids will be expected to work but saving for a 2nd hand car is difficult from weekend jobs, particularly if we want them to get something decent.
28-08-2013 09:57 #18
I always paid outright for my own cars. My first one cost $900. It lasted quite a few years. Then I'd buy my mum's cars when she'd upgrade. She'd always give then to me discounted. None of us kids were given cars. We all bought our own when we got jobs. We are putting away money for my son so will give that to him to buy a car.
28-08-2013 09:58 #19
Not sure, I think we will contribute. I would like a say in what sort of car they drive.
I think though our kids won't want/need to drive right away or have their own car as we live inner city and have no plans on moving. So they will probably want their own car only as they are thinking about moving out of home. So probably won't match them ad they may be earning pretty decent money by then!
28-08-2013 09:59 #20
We've talked about contributing.
Or, they can take our car and we'll upgrade. But they have to pay it off, like a loan but no interest.
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