5 ms·
You can buy a car for cash, many teens do. Whoever told you this probably leased a car well above their means to own outright.
by andrewprock 7y ago
You can buy a car for cash, many teens do. Whoever told you this probably leased a car well above their means to own outright.
- scarface74 7y agoThat doesn’t include car insurance (which is high for a teenager), maintenance and repairs.
- mixmastamyk 7y agoIndeed, also gas and registration.
- andrewprock 7y ago$200-$600/month.
- c0vfefe 7y ago12-35% of minimum full-time wage.
- scarface74 7y agoAnd most teenagers don’t work more than 20-25 hours a week. They would bring home around $600 a month after FICA if they had no other taxes taken out. For the typical middle class family where the teenager either gets an old beater or a hand me down car where the parents buy a new car, the money they make from working is a wash and the parents let them/make them get a job to foster a work ethic.
- mixmastamyk 7y agoMaintenance is usually higher too, since they are often using older cars.