What's new
Fantasy Football - Footballguys Forums

This is a sample guest message. Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

Advise on Car Purchase for Son ---- Mustang vs. Nissan 370 (1 Viewer)

R

russinfortworth

Footballguy
Background is that I drive 80 miles/day round trip to work, and I need to replace the 2007 Murano w/ 200K miles as it is on it's last legs.

Son drives a 2010 Lincoln MKX at college, so it would be a prefect hand me down to me as all I need is a ride to/from work (and I can channel my inner McConaughe).

Wife and I promised son that how much ever he saved us in college cost via athletic / academic scholarships, we would split that w/ him and use that to get him a "newer" car.

Needless to say that comes out to be about 28K, so he has chosen to get a couple year old car that he has narrowed down to the a Mustang or the Nissan 370.

The caveat being that after graduation, he will probably want a new car, but he can not trade this car in, but instead will pass it down to his now 12 year old brother.

Seems like that this is doable and that we can get a car w/ decent milage (lower than 30K) for about that amount give or take.

Anyone have any recommendations or opinions.

 
:shrug:

So let me get this straight . In 4-5 years your 16-17yo son will be driving a Mustang or Nissan 370. What could go wrong there

 
Would you say that your son is kind of douchey and maybe a little bi-curious, or more of a dirtbag scam artist type?

 
Get him a Honda fit and tell him to be thankful for it.

The choices here are bad and worse. The insurance and gas waste alone are insane.

This is another reason people are cash poor

 
Take it from a guy with a sports car... Sports cars are douchey. If my car wasn't paid off, I'd trade it in -- I drive my wife's car more than I do my own.

 
Have him keep driving whatever he's driving and tell him when he wants to buy a house you've got $14k to contribute to the down payment

 
Good time to teach him about investing and what a depreciating asset is.

I'd say let him pick out a good used car and use the remaining for his IRA and/or house down payment fund.

 
I'm guessing the OP lives in a different tax bracket than I do, but this has all the makings of raising entitled kids.

I can't imagine the decision matrix that leads one to think a kid in high school should be driving a newish Mustang or 370, or that someone should start their post college life with a brand new one of either.

 
Bull Dozier said:
I'm guessing the OP lives in a different tax bracket than I do, but this has all the makings of raising entitled kids.

I can't imagine the decision matrix that leads one to think a kid in high school should be driving a newish Mustang or 370, or that someone should start their post college life with a brand new one of either.
Click to expand...
Pretty sure that was spelled out:

how much ever he saved us in college cost via athletic / academic scholarships, we would split that w/ him and use that to get him a "newer" car.

IMO, the kid "earned" it. Whether or not you agree with rewarding kids for good grades, etc is a different topic,

 
Your 12yo is gonna get slay so much vaj when he gets the Mustang! Best dad in FFA?

 
Last edited by a moderator:
Money can surely be used in better places but being young he likely will still want the car.

When I did my research on a new car and looked up death rates the Nissan was THE highest death rate.

 
Chadstroma said:
Money can surely be used in better places but being young he likely will still want the car.

When I did my research on a new car and looked up death rates the Nissan was THE highest death rate.
Click to expand...
Oh and BIL had one.

He totaled it when he was showing off for some chick in the car and lost control. Both were fine.

 
I need to replace the 2007 Murano w/ 200K miles as it is on it's last legs.

Son drives a 2010 Lincoln MKX at college, so it would be a prefect hand me down to me
Click to expand...
This is what I have a problem with - why is your son driving a newer car than you? I assume you are the one who paid for it.

 
cstu said:
I need to replace the 2007 Murano w/ 200K miles as it is on it's last legs.

Son drives a 2010 Lincoln MKX at college, so it would be a prefect hand me down to me
Click to expand...
This is what I have a problem with - why is your son driving a newer car than you? I assume you are the one who paid for it.
Click to expand...
This confuses me as well.

 
Cjw_55106 said:
Bull Dozier said:
I'm guessing the OP lives in a different tax bracket than I do, but this has all the makings of raising entitled kids.

I can't imagine the decision matrix that leads one to think a kid in high school should be driving a newish Mustang or 370, or that someone should start their post college life with a brand new one of either.
Click to expand...
Pretty sure that was spelled out:

how much ever he saved us in college cost via athletic / academic scholarships, we would split that w/ him and use that to get him a "newer" car.

IMO, the kid "earned" it. Whether or not you agree with rewarding kids for good grades, etc is a different topic,
Click to expand...
I have no problem with rewarding kids for good grades, but this is a little overboard IMO.

 
Bull Dozier said:
Cjw_55106 said:
Bull Dozier said:
I'm guessing the OP lives in a different tax bracket than I do, but this has all the makings of raising entitled kids.

I can't imagine the decision matrix that leads one to think a kid in high school should be driving a newish Mustang or 370, or that someone should start their post college life with a brand new one of either.
Click to expand...
Pretty sure that was spelled out:

how much ever he saved us in college cost via athletic / academic scholarships, we would split that w/ him and use that to get him a "newer" car.

IMO, the kid "earned" it. Whether or not you agree with rewarding kids for good grades, etc is a different topic,
Click to expand...
I have no problem with rewarding kids for good grades, but this is a little overboard IMO.
Click to expand...
Like you said, different tax bracket.

 
Your son handing you down a car.

****ing priceless.

No wonder our society is going to hell in a hen basket. Are you serious? He can keep that car.

Get yourself a new set of wheels bread maker and get yer head out of your ###.

 
Cjw_55106 said:
Like you said, different tax bracket.
Click to expand...
It's not about money. I disagree with buying new(er) cars for kids without having them earn it. Parents do this and wonder why their kids act entitled. And don't give me the "he earned it by getting scholarships" either - he's still getting his entire college for free either way.

 
Cjw_55106 said:
Bull Dozier said:
Cjw_55106 said:
Bull Dozier said:
I'm guessing the OP lives in a different tax bracket than I do, but this has all the makings of raising entitled kids.

I can't imagine the decision matrix that leads one to think a kid in high school should be driving a newish Mustang or 370, or that someone should start their post college life with a brand new one of either.
Click to expand...
Pretty sure that was spelled out:

how much ever he saved us in college cost via athletic / academic scholarships, we would split that w/ him and use that to get him a "newer" car.

IMO, the kid "earned" it. Whether or not you agree with rewarding kids for good grades, etc is a different topic,
Click to expand...
I have no problem with rewarding kids for good grades, but this is a little overboard IMO.
Click to expand...
Like you said, different tax bracket.
Click to expand...
If I won the lottery tomorrow and had an instant net worth of $200M, I wouldn't buy my 16 year old a 370 or Mustang, new or used.

 
Bull Dozier said:
Cjw_55106 said:
Bull Dozier said:
Cjw_55106 said:
Bull Dozier said:
I'm guessing the OP lives in a different tax bracket than I do, but this has all the makings of raising entitled kids.

I can't imagine the decision matrix that leads one to think a kid in high school should be driving a newish Mustang or 370, or that someone should start their post college life with a brand new one of either.
Click to expand...
Pretty sure that was spelled out:

how much ever he saved us in college cost via athletic / academic scholarships, we would split that w/ him and use that to get him a "newer" car.

IMO, the kid "earned" it. Whether or not you agree with rewarding kids for good grades, etc is a different topic,
Click to expand...
I have no problem with rewarding kids for good grades, but this is a little overboard IMO.
Click to expand...
Like you said, different tax bracket.
Click to expand...
If I won the lottery tomorrow and had an instant net worth of $200M, I wouldn't buy my 16 year old a 370 or Mustang, new or used.
Click to expand...
True. I'd probably go with something like a Lexus LX570

 
Dentist said:
True. I'd probably go with something like a Lexus LX570
Click to expand...
And drive it for 20 years.

The 470 I have is the best vehicle I've ever owned. Planned to hand it down to my daughter in 9 years when she's 16.

 
Last edited by a moderator:
Go for the Nissan. - No idea why everyone is reacting poorly above. My dad co-signed for a newer truck when i was in college. About the same as what the OP is doing. Bunch of bitterness on in this thread so far.

 
Just to answer a few of the questions that have came about:

1 - I drive the older car because I put about 20K miles a year just on a commute to work. As long as I have the Ticket on the radio and the car is not in danger of stranding me on the road, I'm all good. The Murano is actually a hand me down from the wife, as I saw no need to drive a new Expedition that much. Seats are torn, passenger side back door is missing the outside handle, trunk is full of baseball gear and dust.

2 - As for the MKX, son paid for 1/2 of it (bought used) with money he had saved from umpiring. He liked the "moon roof" and that it was different than what everyone else was driving.

3 - He is a D1 athlete and was a A/B student in high school who worked hard for all the scholarships that he received, and I can guarantee you he does not have any participation trophies.

4 - We were always going to pay for college. Wife had student loans that we just finished on and we have the means not to burden either of our kids with them provided that they appreciate the opportunity that they have and take advantage of it.

5- The way that I look at it, I'm saving 28K in the college fund for the youngest, but looking forward, there is a pretty good chance that all the college fund $'s will probably not be necessary for the youngest.

I did look up the insurance. For the used mustang we would be looking at about 300/year more, and with the 370 about 1200, so there is that.

We do have a couple more months before we'll do this, and his mind may change........during the summer all he was talking about was a truck.

Thanks for all the help (positive and negative).

And while I'm not Chet, we are able to do things that both our careers allow us.

 
If he is a D1 athlete, shouldn't his recruiter be buying the car? I am glad when I was younger my parents never got me any car that I would have wanted. Learning to drive on a garbage car means I am perfectly content driving a "regular" car like a Honda or Hyundai or whatever, even though at this stage in my life I could go with something with a little more prestige. Plus I probably would have just wrecked it anyway.

 
Last edited by a moderator:
If this were me, my tax bracket and disposable income wouldn't have much to do with my decision. My son's when he graduates would.

If I could take that money and help him buy a house, that would have a much more profound affect on his life than taking that money and buying him a car. Unless, of course, I were planning on supporting him indefinitely.

 
D1 in what sport that means a lot. Sounds like you are spoiling the f.uck out of your kids and that 12 year old is going to grow up entitled and think he "deserves" everything. Im probably the same age as your son (I'm 22 btw) and my parents bought me a #### 2000 eclipse when i was 16 for 3k while i put up 1k for it. And also I'm calling :bs: on he "earned" half to buy a MKX umpiring. Just looked up the prices and they are roughly 20k now so I'm assuming it was around 30k then. Ive umpired little leagues when i was 16-18 and didn't make anywhere close to 15k. #### this whole past summer i just spent 3 months as an accounting intern and i only made 4k but to me that is ALOT so unless he was and accounting intern for 2 years as a kid he received a lot of free money. just my :2cents: :shrug:

 
Last edited by a moderator:
proninja said:
If this were me, my tax bracket and disposable income wouldn't have much to do with my decision. My son's when he graduates would.

If I could take that money and help him buy a house, that would have a much more profound affect on his life than taking that money and buying him a car. Unless, of course, I were planning on supporting him indefinitely.
Click to expand...
Observation: at some point in time I became an old wet blanket

 
RealReactions said:
D1 in what sport that means a lot. Sounds like you are spoiling the f.uck out of your kids and that 12 year old is going to grow up entitled and think he "deserves" everything. Im probably the same age as your son (I'm 22 btw) and my parents bought me a #### 2000 eclipse when i was 16 for 3k while i put up 1k for it. And also I'm calling :bs: on he "earned" half to buy a MKX umpiring. Just looked up the prices and they are roughly 20k now so I'm assuming it was around 30k then. Ive umpired little leagues when i was 16-18 and didn't make anywhere close to 15k. #### this whole past summer i just spent 3 months as an accounting intern and i only made 4k but to me that is ALOT so unless he was and accounting intern for 2 years as a kid he received a lot of free money. just my :2cents: :shrug:
Click to expand...
Who cloned Eminence?

 
You must log in or register to reply here.

Similar threads

C
Golf Story and a Question about Your Lowest Round (Where / When)
Replies
40
Views
1K
Da Guru
Da Guru
C
Car Insurance / Wreck Question
Replies
7
Views
780
STEADYMOBBIN 22
STEADYMOBBIN 22
Senor Schmutzig
European Trip Planning
3 4 5
Replies
209
Views
12K
Sand
Sand

Users who are viewing this thread

Total: 1 (members: 0, guests: 1)
Back
Top