Should Parents Buy Cars For Teenagers? Dave Ramsey Says It Builds 'Ridiculous Expectations' About Life

Buying your teenager a new car might feel like a generous and proud parenting moment, but personal finance expert Dave Ramsey says it could do more harm than good. “The best thing to do for your kids is have them buy their own cars,” Ramsey wrote in a post on X, warning parents that buying brand-new vehicles for teenagers can “set them up for a life of ridiculous expectations” and to “think about their future.” Let Kids Work And Save For It Still, Ramsey acknowledges that some parents are in a positio ...