Should You Let Your Kids Borrow Your Car?

As teens get older, they look forward to being able to drive a car. Most don’t really care at first about owning a vehicle of their own. They just want to get behind the wheel and experience the freedom of being on the road.

Driving a car is a privilege, it is not a right. In some areas, a car seems more of a necessity but there are still families that have to make sacrifices in order to be able to maintain one vehicle. Families may allow older children to borrow the family car on occasion, provided that they display a sense of responsibility and earn the money needed to put gas in the vehicle.

Should Your Teen Pay for Insurance?

Parents sometimes help their children to get a motor vehicle by contributing a part of the money that is needed for this item. Whether you help your child to buy a car will in part depend on the financial resources you have. There are many parents who would like to be in a position to help their son or daughter get a second-hand car but they just cannot afford it.

Some parents can afford to get a second-hand motor vehicle for their son or daughter. They may choose to do so instead of letting their child borrow the family car. However they make the responsibility of paying for insurance, gas, and other expenses that of their teenager. Usually, a teen would have to work to be able to pay for these expenses. This allows them to understand that it takes work to own and maintain a motor vehicle.

Best Cars for Teens from Consumer Reports

Crash-Proof Your Kids

It is good for parents to decide, even before their children start thinking about it. If you hope to have your child work and save towards getting a car, they will have to start early. That will give them enough time to accumulate a fair amount of money that they can use to get a properly working vehicle.

A teen will not often be able to obtain the car of their dreams. If they want to get the automobile of their dreams your teenager would have to display an interest in working and saving towards it from an early age. It is possible but it is not easy. If they have to contribute towards it, they will learn how hard it is and will place greater value on the vehicle if they do get it.