NerdWallet: 4 types of cars you should never let your teen buy, and why a Tesla might be among them

by | Jun 30, 2022 | Stock Market

This article is reprinted by permission from NerdWallet.  It’s time for your teen to buy a car. You’ll want to set some ground rules. The last thing you want is to put your child into the driver’s seat of the wrong car.

The best way to avoid disagreements is to set clear expectations and boundaries with your teen before the car browsing begins. While reining in your teen might initially dampen their enthusiasm, it could become a valuable learning experience that will guide them once they leave the nest.4 no-gos for picking a car In many cases, the budget will limit the options available. But once you decide roughly what your price range is, you can tactfully outline your no-go zones for selecting a car. Here are the four biggies to avoid:Big horsepower Statistics about young drivers are alarming enough. “Crash risk is particularly high during the first months of licensure,” according to the Centers for Disease Control and Prevention. The younger the driver, the higher the risk. The chance of an accident is 1½ times higher for a 16-year-old driver than it is for an 18- or 19-year-old, according to Insurance Institute for Highway Safety data. And today we put our children behind the wheel of cars with power almost unimaginable a generation ago. For example, a Toyota
TM,
-0.92%
Rav4 Prime hybrid makes 302 horsepower, about what a Ferrari
RACE,
-0.15%
made in 1990. A Tesla
TSLA,
-1.79%
Model 3 sedan makes nearly 500 horsepower and scoots to 60 mph in less than four seconds — faster than a Corvette made the year today’s 16-year-olds were born. When inexperience meets temptation, bad things happen. Mistakes are more costly at higher speeds and accid …

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