Anytime!
Really, sit down and talk to him, explain that at his age, he does not need a car that expensive, and if he really wants it, it will still be there when he can afford it.
Offer the idea of a loan, or of a cheaper used car. Even better, offer to sell him one of your two cars (if it's not too much of a sacrifice).
I understand the desire for a car, I really do. It's a huge responsibility, but it is also an opportunity for growth. Don't just leave your son with only one option (borrowing your car), as it seems, well...childish to us. Make a deal with him, if you can.
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