OT: Young KIDS with expensive cars
12-17-2002, 07:51 PM
#16
Intermediate
Join Date: Nov 2002
Location: Myrtle Beach
Posts: 46
Likes: 0
Received 0 Likes
on
0 Posts
In 1986, I was a Junior at BGSU and my frat brother rolled up in a brand new red 944. I looked at my 1976 Vega "GT" and said some day. Well the 3 weeks ago, as I was haveing my boring SUV worked on, my trusted salesman plucked my memory strings and I walked out with a red 1986 944! Weekend toy to go with my MG, but I got one (16yrs latter!).
I think it's fantastic you younger guys are drinving these excetional cars in college and keeping up with all the labor of love. My 39 yr old *** is jelouse of YOU guys! And Matt, screw that kid. He doesn't appreciate what you guys already know - the joy of the wrench and smell of grease. DRIVE ON! <img src="graemlins/beerchug.gif" border="0" alt="[cheers]" />
I think it's fantastic you younger guys are drinving these excetional cars in college and keeping up with all the labor of love. My 39 yr old *** is jelouse of YOU guys! And Matt, screw that kid. He doesn't appreciate what you guys already know - the joy of the wrench and smell of grease. DRIVE ON! <img src="graemlins/beerchug.gif" border="0" alt="[cheers]" />
12-17-2002, 07:57 PM
#17
Racer
Join Date: Jun 2001
Location: houston
Posts: 324
Likes: 0
Received 0 Likes
on
0 Posts
when I was 16 (in 1984), my parents "gave" me a '72 Dodge Dart (mom's old car). It died a violent death a year later. It was not a big loss for automotive history.
BTW Matt, the 986 sticks out 'cause it is such a nice car (I know, I had a '98), but they can be had now for under $30k (a low mile, great cond '97 is probably about $28k). I guarantee there are WAY more kids driving around ECU in Honda's, Tahoes, and Audis that cost at least $28k.
Still doesn't make it right for the parents dropping that kind of $$ on the cars, though.
Although, making your kid work his way thru school (and probably hurting his academic performance given less time to study) just so he can pay for a car isn't neccessarily the best thing either, IMHO.
It could be worse Matt, I remember there was a kid a few years behind me at my high school (public school even) that used to drive a Ferrari Mondial Conv to school many days. The good news was I think he was about the only kid who actually took not drinking and driving seriously. I guess he figured (1) every cop he sees after 9pm will pull him over, and (2) his Dad would REALLY kick his **** if he ever crashed it.
He probably would have waved to you in the 944 too.
BTW Matt, the 986 sticks out 'cause it is such a nice car (I know, I had a '98), but they can be had now for under $30k (a low mile, great cond '97 is probably about $28k). I guarantee there are WAY more kids driving around ECU in Honda's, Tahoes, and Audis that cost at least $28k.
Still doesn't make it right for the parents dropping that kind of $$ on the cars, though.
Although, making your kid work his way thru school (and probably hurting his academic performance given less time to study) just so he can pay for a car isn't neccessarily the best thing either, IMHO.
It could be worse Matt, I remember there was a kid a few years behind me at my high school (public school even) that used to drive a Ferrari Mondial Conv to school many days. The good news was I think he was about the only kid who actually took not drinking and driving seriously. I guess he figured (1) every cop he sees after 9pm will pull him over, and (2) his Dad would REALLY kick his **** if he ever crashed it.
He probably would have waved to you in the 944 too.
12-17-2002, 08:20 PM
#18
Racer
Join Date: Jun 2002
Location: San Pedro, Calif.
Posts: 480
Likes: 0
Received 0 Likes
on
0 Posts
I meant no dis to parents helping out there kids.
Heck in 1975 my parents plunked down $600 after I graduated H.S. for a 1968 Opel kadet station wagon.
Ooooooooo! Awwwwwwwww!
Seriously mummy and daddy helped me with part of the down on my first house and I would do the same if I had the chance.
What bugs me is the attitude of people young or old who don't appreciate what they have.
Heck in 1975 my parents plunked down $600 after I graduated H.S. for a 1968 Opel kadet station wagon.
Ooooooooo! Awwwwwwwww!
Seriously mummy and daddy helped me with part of the down on my first house and I would do the same if I had the chance.
What bugs me is the attitude of people young or old who don't appreciate what they have.
12-17-2002, 08:34 PM
#19
Three Wheelin'
Join Date: Jun 2001
Location: Winterville, NC
Posts: 1,688
Likes: 0
Received 0 Likes
on
0 Posts
2 points.
1. It seems to be another way for some parents to brag. Its no longer enough to 'keep ahead of the Jones' now you have to keep ahead of their kids also.
2. Just wait... I predict that the Boxters will be the 944's of the next decade. Look at how their resale is dropping. In 2012 we will all be hunting for Boxter S's for under 10K while the 911 crowd rolls their eyes
1. It seems to be another way for some parents to brag. Its no longer enough to 'keep ahead of the Jones' now you have to keep ahead of their kids also.
2. Just wait... I predict that the Boxters will be the 944's of the next decade. Look at how their resale is dropping. In 2012 we will all be hunting for Boxter S's for under 10K while the 911 crowd rolls their eyes
12-17-2002, 08:54 PM
#21
Racer
Join Date: May 2002
Location: Alexandria VA
Posts: 488
Likes: 0
Received 0 Likes
on
0 Posts
My mom has lent me money (gotta love banks without interest 
) to buy my car, repairs to the car, and for my truck. I had a $4000 down payment on the car and she lent me another $3000 (I thought I could have it paid off pretty soon, which I did but then the debt grew). So far I've paid that off, but then the clutch went ($2700 with a timing belt adjustment, cv joint etc. This was 1 month after buying the car) and 2 alternators ($500 for the first one, died a week later, then $700 for the next/current and I got $350 back on the first one. Yes I know I got screwed, but I had no other choice at the time, I was just learning about cars and I had no other means of transportation). Since that she has helped me buy an 84 Ford Ranger for $1000. And so far I've paid her about $5000 back and still owe her about $5000. The only thing that she has baught that was vehicle related, that I won't pay back was a sony head unit for my 944 which cost 350, and was a birthday present.
But I will pay it all back in full and appreciate very much what she has done for me.
) to buy my car, repairs to the car, and for my truck. I had a $4000 down payment on the car and she lent me another $3000 (I thought I could have it paid off pretty soon, which I did but then the debt grew). So far I've paid that off, but then the clutch went ($2700 with a timing belt adjustment, cv joint etc. This was 1 month after buying the car) and 2 alternators ($500 for the first one, died a week later, then $700 for the next/current and I got $350 back on the first one. Yes I know I got screwed, but I had no other choice at the time, I was just learning about cars and I had no other means of transportation). Since that she has helped me buy an 84 Ford Ranger for $1000. And so far I've paid her about $5000 back and still owe her about $5000. The only thing that she has baught that was vehicle related, that I won't pay back was a sony head unit for my 944 which cost 350, and was a birthday present.But I will pay it all back in full and appreciate very much what she has done for me.
12-17-2002, 09:03 PM
#22
Drifting
Join Date: Jun 2002
Location: Long Island, New York
Posts: 2,015
Likes: 0
Received 0 Likes
on
0 Posts
[quote]Originally posted by awilson40:
<strong>2 points.
1. It seems to be another way for some parents to brag. Its no longer enough to 'keep ahead of the Jones' now you have to keep ahead of their kids also.
2. Just wait... I predict that the Boxters will be the 944's of the next decade. Look at how their resale is dropping. In 2012 we will all be hunting for Boxter S's for under 10K while the 911 crowd rolls their eyes </strong><hr></blockquote>
give 944s to highschool kids who will crash them, then my running 944 will be rare and expensive so in 2012 it will be worth alot!
<strong>2 points.
1. It seems to be another way for some parents to brag. Its no longer enough to 'keep ahead of the Jones' now you have to keep ahead of their kids also.
2. Just wait... I predict that the Boxters will be the 944's of the next decade. Look at how their resale is dropping. In 2012 we will all be hunting for Boxter S's for under 10K while the 911 crowd rolls their eyes
</strong><hr></blockquote>give 944s to highschool kids who will crash them, then my running 944 will be rare and expensive so in 2012 it will be worth alot!
12-17-2002, 09:17 PM
#23
I'm only 17 and I drive a 944.
I didn't entirely pay for it myself, but my parents didn't just buy it for me either. Originally, my mom gave me her old Chevy Lumina when she bought her car (Monte Carlo). Luckily, I still have that car while the 944's down, but I'm selling that. Besides that, however, I'm paying for everything myself: insurance, maintanance, gas, any other accesories.
At my school, there are some "spoiled" kids. One kid in particlar has a huge Chevy truck that his parents bought him, along with $15000 in mods to it. Another kid has a fake Chevelle SS with a 305 and a $10000 paint job. Last year, someone drove daddy's Corvette everyday. One day a kid drove his parent's Carrera RS
!
Do I hold it against people because they may have it easier in life finacially? Of course not. What I do resent is when they brag about it all the time or try to act like they payed for it. I don't brag about my car, I don't even talk about it. I just like watching the people stare at it in the parking lot <img src="graemlins/bigok.gif" border="0" alt="[thumbsup]" />
too bad I can't drive it right now <img src="graemlins/cussing.gif" border="0" alt="[grrrrrrr]" />
I didn't entirely pay for it myself, but my parents didn't just buy it for me either. Originally, my mom gave me her old Chevy Lumina when she bought her car (Monte Carlo). Luckily, I still have that car while the 944's down, but I'm selling that. Besides that, however, I'm paying for everything myself: insurance, maintanance, gas, any other accesories.
At my school, there are some "spoiled" kids. One kid in particlar has a huge Chevy truck that his parents bought him, along with $15000 in mods to it. Another kid has a fake Chevelle SS with a 305 and a $10000 paint job. Last year, someone drove daddy's Corvette everyday. One day a kid drove his parent's Carrera RS
!Do I hold it against people because they may have it easier in life finacially? Of course not. What I do resent is when they brag about it all the time or try to act like they payed for it. I don't brag about my car, I don't even talk about it. I just like watching the people stare at it in the parking lot <img src="graemlins/bigok.gif" border="0" alt="[thumbsup]" />
too bad I can't drive it right now <img src="graemlins/cussing.gif" border="0" alt="[grrrrrrr]" />
12-17-2002, 09:21 PM
#24
Rennlist Member
DAN I get what you are saying but I am a high school senior who has a 944. I paid for it my parents sometimes help with the maintanance and I love it to death!
12-17-2002, 09:32 PM
#25
Three Wheelin'
I can't tell you how many times people assume my parents bought me my 951. I'm 21 years old and I worked my *** off to afford that car.
My parents actually disapprove of my purchase, but they knew it was a dream of mine and it's not right to deny someone their dreams when they're within reach.
My parents DID buy me my tercel as a HS grad present, but only after I had my galaxie for a few years (which I purchased on my own.) Lets face it.. a muscle car/boat is just not a practical college car.
My parents actually disapprove of my purchase, but they knew it was a dream of mine and it's not right to deny someone their dreams when they're within reach.
My parents DID buy me my tercel as a HS grad present, but only after I had my galaxie for a few years (which I purchased on my own.) Lets face it.. a muscle car/boat is just not a practical college car.
12-17-2002, 10:51 PM
#26
Burning Brakes
I just graduated college (just turned 23) and still have my 951 that I purchased when I was 19. My first car was a "trade." Of sorts, it was an 82 Chevette with 32,000 origional miles (no ****) that we traded a Sound Blaster for (friend of family).
My father helped me out with the purchase of my car (I was short a few thousand) and has helped bail me out with unexpected repairs that I couldnt fork out the cash for.
I wouldnt say that I "bought" my car and I wouldnt say the he "bought" it either - I think I view it as kind of a joint venture. It stays at home when Im at school, he drives it whenever he feels like it, when Im home, I drive it when the whether is nice. Id say between myself/my father its about a 70/30 split in terms of $$$ invested in the car.
In any event, I was initially looking at 911's 4 years ago when I was in the market, but he wouldnt let me buy one. After many arguments and typical teenage attitude, I realized he was right. Had he let me purchase a 911 I would have wrecked it. Only recently have I told him this - much to his silent approval, Im sure.
Regardless, there is a big difference between parents helping their children finincially and parents completely providing for them financially. Both my parents grew up in households without much money so I think they are kind of torn between the blue collar "work for everything you have" and the need to give their children what they never had.
Either way, Ive never abused the car in any way, always have made sure its properly maintained and cared for, and loved it like a favorite pet. The kids whom you are refering to are given these cars for "accomplishments" and dont respect the cars, or their parents for providing them. They dont take care of them, and they dont purchase them for the same reasons people like us (Rennlist/PCA) do. Those of us younger adults on these forms are very different from the typical late teens/early twenties variety - most of them would buy the car so they could be seen in it - were as we have different reasons that cant quite be explained.
Ok - thinking out loud mode off. YMMV
My father helped me out with the purchase of my car (I was short a few thousand) and has helped bail me out with unexpected repairs that I couldnt fork out the cash for.
I wouldnt say that I "bought" my car and I wouldnt say the he "bought" it either - I think I view it as kind of a joint venture. It stays at home when Im at school, he drives it whenever he feels like it, when Im home, I drive it when the whether is nice. Id say between myself/my father its about a 70/30 split in terms of $$$ invested in the car.
In any event, I was initially looking at 911's 4 years ago when I was in the market, but he wouldnt let me buy one. After many arguments and typical teenage attitude, I realized he was right. Had he let me purchase a 911 I would have wrecked it. Only recently have I told him this - much to his silent approval, Im sure.
Regardless, there is a big difference between parents helping their children finincially and parents completely providing for them financially. Both my parents grew up in households without much money so I think they are kind of torn between the blue collar "work for everything you have" and the need to give their children what they never had.
Either way, Ive never abused the car in any way, always have made sure its properly maintained and cared for, and loved it like a favorite pet. The kids whom you are refering to are given these cars for "accomplishments" and dont respect the cars, or their parents for providing them. They dont take care of them, and they dont purchase them for the same reasons people like us (Rennlist/PCA) do. Those of us younger adults on these forms are very different from the typical late teens/early twenties variety - most of them would buy the car so they could be seen in it - were as we have different reasons that cant quite be explained.
Ok - thinking out loud mode off. YMMV
12-17-2002, 11:20 PM
#27
Drifting
Well since it seems to be the trend:
When I was 16 (on permit):
Had nada, could practice w/ my parents in either mom's caravan or dad's dodge spirit
When I was 16.5 (got licence):
Mom got a new minivan, dad still drives the spirit, I get the old minivan until we can sell it. Mom & Dad pay insurance.
When I was 17 (got senior licence):
Dad get's promoted/transfered, has to commute 2 hours to work until we can move (after my h.s. graduation). Buys 1987 Pontiac Lemans to commute, I get old Dodge Spirit. Mom & dad still pay insurance.
When I was 18 (move to college):
Dad gets the spirit back, I get Lemans (lemans was a crappier car). I start to pay insurance (50%, all I could afford @ time).
When I was 19:
I wreck Lemans (my fault) on day that Dad buys new car (talk about coincidence). He takes new car, I get the Spirit back.
When I was 19.5:
I pay $2000, mom & dad $2000 to buy me 944. Give Spirit to brother who is 16.5.
As of now (20):
I have paid all but $500 of the $2000 I borrowed back to my parents. So I own 87.5% of my car. Still only pay 50% of insurance, but plan on paying 100% once I finish paying them back for the car.
Short version:
(16.5) Get mom's old minivan
(17) Get dad's old Dodge Spirit
(18) Trade with dad for Pontiac Lemans
(19) Trade back for Spirit and dad get's new car
(19.5) I buy 50% of 944
Now - I own 87.5% of 944
All along I have paid for maintinance and gas.
When I was 16 (on permit):
Had nada, could practice w/ my parents in either mom's caravan or dad's dodge spirit
When I was 16.5 (got licence):
Mom got a new minivan, dad still drives the spirit, I get the old minivan until we can sell it. Mom & Dad pay insurance.
When I was 17 (got senior licence):
Dad get's promoted/transfered, has to commute 2 hours to work until we can move (after my h.s. graduation). Buys 1987 Pontiac Lemans to commute, I get old Dodge Spirit. Mom & dad still pay insurance.
When I was 18 (move to college):
Dad gets the spirit back, I get Lemans (lemans was a crappier car). I start to pay insurance (50%, all I could afford @ time).
When I was 19:
I wreck Lemans (my fault) on day that Dad buys new car (talk about coincidence). He takes new car, I get the Spirit back.
When I was 19.5:
I pay $2000, mom & dad $2000 to buy me 944. Give Spirit to brother who is 16.5.
As of now (20):
I have paid all but $500 of the $2000 I borrowed back to my parents. So I own 87.5% of my car. Still only pay 50% of insurance, but plan on paying 100% once I finish paying them back for the car.
Short version:
(16.5) Get mom's old minivan
(17) Get dad's old Dodge Spirit
(18) Trade with dad for Pontiac Lemans
(19) Trade back for Spirit and dad get's new car
(19.5) I buy 50% of 944
Now - I own 87.5% of 944
All along I have paid for maintinance and gas.
12-18-2002, 02:05 AM
#28
Addict
Rennlist
Lifetime Member
Rennlist
Lifetime Member
Thread Starter
Great stories!
Guys, please don't get me wrong. I don't have any animosity towards anyone who has money. Everything is relative and to everyone, someone is spoiled. I AM SPOILED, to someone out there.
[quote] Although, making your kid work his way thru school (and probably hurting his academic performance given less time to study) just so he can pay for a car isn't neccessarily the best thing either, IMHO. <hr></blockquote>
This is a good point, but if the car he is paying for is $25/$30K, whose fault is that? Let me just say the folks around here at ECU do not study. At least not the ones who live around here (except me of course - 5 As, 2 Bs and a C (dang Mang. Accting).
BTW, I think it was a 99 Boxster. It was that dark blue color and I think that's around the time they offered it.
All I know is that with interest, and inflation, I owe my dad and mom about $1,000,000 and intend to pay it back!
Hey, I got to PLAY the spoiled rich kid one time. We were at Carmax and there was a red Boxster. I asked my pops if we could test drive it, but of course they (Carmax) want to be in the passenger seat and you guys know how many seats it has. So he told them if we were to get it, it was going to be for me. I could see the envy in the poor sales guys eyes. If he only knew I've had a job nearly all the time since I was 12 <img src="graemlins/bigok.gif" border="0" alt="[thumbsup]" /> (Although, I am currently, technically, unemployed).
My best friend is a fortunate guy and at one point had a 02 M3 (that he took with about 5 miles on the clock). He's like one of the above posts, in that even though he didn't completely pay for it, he knew how to treat it. Then one day he calls to tell me that he just can't drive that thing anymore, and is going to sell it back to the dealer. He said he felt "wrong" driving it as a 20 year old. Hey Phil!
Guys, please don't get me wrong. I don't have any animosity towards anyone who has money. Everything is relative and to everyone, someone is spoiled. I AM SPOILED, to someone out there.
[quote] Although, making your kid work his way thru school (and probably hurting his academic performance given less time to study) just so he can pay for a car isn't neccessarily the best thing either, IMHO. <hr></blockquote>
This is a good point, but if the car he is paying for is $25/$30K, whose fault is that? Let me just say the folks around here at ECU do not study. At least not the ones who live around here (except me of course - 5 As, 2 Bs and a C (dang Mang. Accting).
BTW, I think it was a 99 Boxster. It was that dark blue color and I think that's around the time they offered it.
All I know is that with interest, and inflation, I owe my dad and mom about $1,000,000 and intend to pay it back!
Hey, I got to PLAY the spoiled rich kid one time. We were at Carmax and there was a red Boxster. I asked my pops if we could test drive it, but of course they (Carmax) want to be in the passenger seat and you guys know how many seats it has. So he told them if we were to get it, it was going to be for me.
I could see the envy in the poor sales guys eyes. If he only knew I've had a job nearly all the time since I was 12 <img src="graemlins/bigok.gif" border="0" alt="[thumbsup]" /> (Although, I am currently, technically, unemployed).My best friend is a fortunate guy and at one point had a 02 M3 (that he took with about 5 miles on the clock). He's like one of the above posts, in that even though he didn't completely pay for it, he knew how to treat it. Then one day he calls to tell me that he just can't drive that thing anymore, and is going to sell it back to the dealer. He said he felt "wrong" driving it as a 20 year old. Hey Phil!
12-18-2002, 04:34 AM
#29
Advanced
Join Date: Dec 2002
Location: Illinios
Posts: 63
Likes: 0
Received 0 Likes
on
0 Posts
At 16 I bought my first car, Camero rs and paid for my own insurance. No help. It made me feel good to do it on my own but would not deny help. At 32 I now have the most toys on my block. My 944 was something I could only think about in 86. Now that prices have come down, it makes a great toy till I can afford a Boxster or MB sl. My 12 year old daughter will get the 944 at 16 as long as her grades stay up and her attitude around the house is proper. I know when I was 16 I spent alot of time working to pay for everthing instead of doing home work. As long as my kids behave and appreciate what they have, I will help them.
12-18-2002, 05:51 AM
#30
Drifting
Join Date: Jun 2002
Location: Long Island, New York
Posts: 2,015
Likes: 0
Received 0 Likes
on
0 Posts
[quote]Originally posted by Robert_325i:
<strong>DAN I get what you are saying but I am a high school senior who has a 944. I paid for it my parents sometimes help with the maintanance and I love it to death! </strong><hr></blockquote>
Like i said, i was 17 when i bought my car and i am 18 now, i didnt mean ALL highschool kids!
i think i take care of my cars pretty well.... except for my bmw which has a big nasty dent but my uncle was driving when that happened so it doesnt count! <img src="graemlins/crying.gif" border="0" alt="[crying]" />
<strong>DAN I get what you are saying but I am a high school senior who has a 944. I paid for it my parents sometimes help with the maintanance and I love it to death!
</strong><hr></blockquote>Like i said, i was 17 when i bought my car and i am 18 now, i didnt mean ALL highschool kids!
i think i take care of my cars pretty well.... except for my bmw which has a big nasty dent but my uncle was driving when that happened so it doesnt count! <img src="graemlins/crying.gif" border="0" alt="[crying]" />