How Expensive Should My Teenager's Car Be?

Published 2020-07-24
💵 Create Your Free Budget! Sign up for EveryDollar ⮕ ter.li/6h2c45
📱Download the Ramsey Network App ⮕ ter.li/ajeshj
🛒 Visit The Ramsey Store ⮕ ter.li/7vyom2
📞 Have a question for the show? Call 888-825-5225 weekdays from 2-5 pm ET or send us a message ter.li/n88ly5

Explore More Shows from Ramsey Network:

🎙️ The Ramsey Show ⮕ ter.li/ng9950
🍸 Smart Money Happy Hour ⮕ ter.li/9gcp3d
🧠 The Dr. John Delony Show ⮕ ter.li/2u3mc0
💰 George Kamel ⮕ ter.li/1elws8
💡 The Rachel Cruze Show ⮕ ter.li/n2u6jc
💼 The Ken Coleman Show - Highlights ⮕ ter.li/1rbjr2
📈 EntreLeadership ⮕ ter.li/ktxv2k

Ramsey Solutions Privacy Policy
www.ramseysolutions.com/company/policies/privacy-p…

All Comments (21)
  • @jzam3220
    My twins will be sharing my 2019 Silverado... in about 11 years.
  • @treeroofgrass
    Scotty would recommend a ‘94 Celica “rev up your engines!” 😂😂
  • @ugladden
    My parents started me off with no car at all. They told me to get a job and earn it... and i did. It made me love and value my first car even more.
  • @mahdman7130
    Im a salesman at a Honda dealership and it boggles my mind when ppl like this guy come in looking for 15k and up cars for their kids who just got there license lol
  • @AJ-ri5ee
    Heck, I'm 25, with a really good, stable job, and I'm happy with my $6k car...
  • @Ethan-pd7nu
    My daughter will be receiving my 2003 Saturn Ion. Congrats kid, free car.
  • @bobleetactical
    My dad always told me he would match what I saved to buy a car/truck since I was little. I found a truck I wanted for $6,000 when I was 15, I paid half and my dad paid the other and I still had some money left over for wheels, tires and gas money. I always appreciated my dad making me work for that truck. I wouldn’t be the hard working kid that owns a house at 22 years old, working 50+ hours a week plus side huddles that I am now. Thanks pops.
  • @lkj0822g
    Rule of Thumb: Dads will always put their daughters in a better car than they would their sons.
  • @JohnAudioTech
    My Dad got me a $2000 hooptie. He said, "I'll buy it for you but you have to maintain it". The transmission went out and the oil pump quit while I had it (6 years). He got it for me when I was in high school. I quickly learned that I needed to work in order to own a car.
  • No matter what my wealth is, my children will get a standard used car, nothing special. If they want something more, they'll be buying it themselves🔥🔥🔥
  • @dougo753
    My dad got me a brand new BMW as a teenager. I loved it, never took it for granted, and took such good care of it. My dad was into cars and he and I would race them together at autocrosses. It was a great thing to bond over and I have always taken meticulous care of my cars since then.
  • “You must gain control over your money or the lack of it will forever control you.” —Dave Ramsey
  • @SeanBaker
    Safe car doesn't equal expensive car.
  • I bought my son a reliable 4 cylinder used car and he still has it twelve years later. I told him it was the only car I was buying for him, so take care of it. His friends made fun of the car but it always ran while theirs were always being fixed. He was happy with it and took care of it. Buy her the car you feel comfortable with her driving: reliable, safe, affordable. And teach her defensive driving.
  • @iPLAYtheSTATION
    It should be a few grand. Something reliable, but not extremely fancy. I like Toyotas.
  • @camcam221133
    my first car was a 1999 cavalier, paid 700$ and it lasted me 4 years!
  • @EFakie
    "BMW's are just endless money pits as they age" - Scotty
  • We matched our daughter when buying her 1st car and she paid the insurance. She never ruined it either.
  • @hurt1704
    I was handed my first truck and in return, I did not take care of it like I should have. Like Dave said, I had no skin in the game. I agree 100%