Originally posted by PurpleGorilla
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Car accident involving a lad from my daughter's school. He was killed. Just awful.
My daughter saved up for a car (she got a weekend job, aged 16). I topped up the savings with a loan. She got a 2002 VW Polo which is built like a tank. Lasted her while she learnt and for several years afterwards. I did help with MOT and repair costs.
I don't think the loan will ever be paid back, but she still considers the money outstanding, and I think that's an important principle.
EDIT: my folks bought me a car at 18. I wrecked it 18 days later. Easy come, easy go - something I've tried (not always successfully) to avoid with my kids.
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