Should I let my son do this?
He wants to buy a Honda S2000 with 73,000 miles for $12,500 with his own money. I'm ok with it but I advise him not to. He wants to buy it now knowing how hard it is to come across a 2001 With that low of miles in great condition witch i believe is true. This will be his first car and he is a responsible driver but should I let him buy it? Part of me says yes and the other half no.
15 year old boys don't need a car
No, Scott you are only 15 and that is too young to have a car.
Honestly NO. His insurance rates are going to be through the roof, he's under age, first time driver, and it's a sports car. Second off my first car was a 2001 grand am for 3,500 with 96k miles. Then when I was 20, I decided to buy a fully loaded 2009 mazda 6 i grand touring with 72k miles for $12,500 as well. Huge difference, he could get something newer for that price that even offers an extended warranty. The miles are great, yeah but not a reason to waste his money like that. Plus insurance rates…
If you think he is able to take care of it and be able to pay for it let him get it. Some vehicles are more expensive to repair you might want to look into how much tires, brakes and oil changes are for that car before he goes ahead and buys it.
Buy a Toyota camry. Need no repair and lasts for ever! Had 2 myself. And both "died" at 650000 KM.
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