1. Stop thinking about whether you paid too much. You can't do anything about that now.any suggestions as a new owner?
The issue isn't that you (might have) overpaid, it's that you bought a vehicle for your kids in the first place.USed prices are crazy high right now simply due to the lack of new vehicles.
I bought something for my kids last October. Seemed crazy price. Second thoughts had me thinking I should have leased. But I think I'm over that.
I believe in teaching young people to have work ethics, but wow, really, your going to tell someone not to buy a vehicle for their child if they've proved to be mature enough?The issue isn't that you (might have) overpaid, it's that you bought a vehicle for your kids in the first place.
My parents wouldn't buy me a car, so why would I think that other kids should get a free ride, so to speak?I believe in teaching young people to have work ethics, but wow, really, your going to tell someone not to buy a vehicle for their child if they've proved to be mature enough?
This is how I traveled to and from college:Daughter paid for her own 2007 last summer, though I helped a lot in the process of buying it. Now, however, she's finding she doesn't have quite enough time or money to do everything she should for it, since she's a full-time university student. I took care of my car without my parents' help back when I was a university student, though. Part of that was finding a good, dependable, inexpensive but trustworthy mechanic. It was still expensive for my student budget, even though I was also working while studying full time.
What's the ideal balance between giving your kids fish and teaching them to fish? And how many worms do you help them buy or dig up, and for how long?
It's not wrong to give your kids things. They can still work hard and value the dollar while also being supported by their parents. Giving your kids a car often helps the parents out more than it does the kid. There is definitely a balance, but it is not hurting a kid in any way to give them a car.
I had a paper route in grade school, a band in high school, and tutored, RA'd and also had a band in college. I've had my own car that I paid for since I could drive.