Teenage boys & cars. Need your thoughts.
#272347 - 07/03/06 04:29 PM
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Double J
Reged: 03/09/06
Posts: 900
Loc: High Rocky Mountains ibs-d
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The biggest trigger that I have is an 18 year old boy. I would like to hear what you folks think … he has had a job for 1 week with an oilfield company in town. He makes $11 an hour. Our most recent argument has been that he wants me to cosign for a vehicle for him for $17,000. I have told him that if he holds a job for 4 months I would cosign for $8,000. After I tell him this he becomes belligerent. I have two cars here that he has the opportunity to use freely.
Now, your opinions please. Am I being too harsh with him about cosigning? He certainly thinks so.
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 Courage doesn’t always roar. Sometimes courage is the quiet voice at the end of the day saying, “I will try again tomorrow”. Mary Anne Radmacher
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As a teen...I honestly don't think so.
To buy my car, I went out a got a loan that I have been paying back steadily. It means I have no extra money to spare, but it also means I have my own car...completely my own.
Perhaps suggest this for your son? Maybe arrange to give him the loan yourself, if he signs a contract with you?
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No, you are not being harsh. If it was me, I'd say no car until he's 20. He can stay as a partial or part-time driver on one of your vehicles. After that he can get a bank loan to buy the car.
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Nope, I don't think you're being harsh at all. I think if your son is able to make a comittment to his job for a specified period of time, then he would be more apt to make the comittment to pay off the loan.
Good luck....
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Life is not measured by the number of breaths we take, but by the moments that take our breath away
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Hi Double J,
I don't think you're being too harsh at all. He's just being a typical 18 yr old. I don't see why you would need to cosign in the first place if he can use your other 2 cars whenever he wants. A 17,000 car just seems alittle pricey for an 18 yr old and you don't want to be left in the lurch if he loses his job and then you're on the hook for making payments.
Just my two cents.
Jenn
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I think that sounds perfectly reasonable. I didn't buy a car until I was 25 years old! Until then, I lived with my parents and drove used cars that they owned and was perfectly happy to do so. Frankly, I'm glad I didn't have that kind of financial responsibility at that age, it would have been way too much.
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If he wants the car, he needs to get a loan himself and buy the car. If he has 2 accessable vehicles and is refusing to use those, that's his problem. You're bring very nice allowing him to use them. I wouldn't cosign.
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If you're not dead, you've still got time.
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I agree
#272401 - 07/04/06 05:40 AM
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cailin
Reged: 08/12/04
Posts: 3563
Loc: Dublin, Ireland
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..you are being very reasonable. Stick to your guns!
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S.
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I agree with everyone else. Stick to your guns. You are not being unreasonable.
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Oh can I sympathize with you. I do not think you are being too harsh with your son. Since he has two cars that he can use I don't think I would co-sign at all.
We co-signed a car loan for my oldest daughter (26 now) when she was 19. She ended up loosing her job and guess who got stuck making the car payments. I swore I would never co-sign another loan for any of my kids unless I was prepared to make the payment.
Stick to your guns. Of course he is acting belligerent because he isn't getting what he wants but it will pass. I am on my third teenagers right now and I promise it will pass.
I once heard that if our Children like us all the time then we are doing something wrong. He will learn more by waiting and saving for a car.
Good Luck
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Janey
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