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| General Discussion Please read our Forum Rules before posting Feel free to talk about anything and everything about money. |
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I drove it from 50K miles to 116K miles in 1990. So 66K in 4 years or so. I drive a lot. Today - I wouldn't spend more than $5K, given inflation. There are plenty of 100K mile cars with a lot of life left in them still. Sandi |
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My first car was a '78 Ford Fairmont in 1983. Price was 1k. Paid cash for it and drove it quite a bit before running into a telephone pole two years later. Bought a '79 Fairmont afterwards for $1200. Lasted 6yrs. So I got my money's worth. I didn't own a car until I was 18 and only because I was going off to college 4 hours away. I'd say a reliable equivalent to that car would maybe run 4 or 5 k nowadays. Some kids are good at talking their parents into buying the "sizzle" when the focus should be on the "steak".
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"Those who can't remember the past are condemmed to repeat it".- George Santayana. |
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Teenage drivers have high rates of both fatal and nonfatal crashes compared with adult drivers. Teenagers drive less than all but the oldest people, but their numbers of crashes and crash deaths are disproportionately high. Based on crashes of all severities, the crash rate per mile driven for 16-19 year-olds is 4 times the risk for drivers 20 and older. Risk is highest at age 16. The crash rate per mile driven is nearly twice as high for 16 year-olds as it is for 18-19 year-olds4 The rate of deaths per 100,000 people in 2007 peaked at age 19 for male drivers (22 per 100,000) and at age 18 for male passengers (12 per 100,000). Death rates peaked at age 18 for female drivers (9 per 100,000) and at ages 17-18 for female passengers (8 per 100,000). Many teenagers die as passengers in motor vehicle crashes. Sixty-one percent of teenage passenger deaths in 2007 occurred in vehicles driven by another teenager. Among deaths of passengers of all ages, 20 percent occurred when a teenager was driving. A 2007 Highway Loss Data Institute study reported that overall collision (vehicle damage) losses for vehicles insured for teenagers to drive are more than double those for vehicles insured for use by adults only. 5" Link to Insurance Institute for Highway Safety The above statistics only apply to the reported accidents... Sometimes a small ding or a scratch (single vehicle involvement) is taken care of off the books without going through police/insurance. ...I feel a poll coming on!link to poll Last edited by Like2Plan : 06-08-2009 at 10:49 AM. Reason: add link |
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Sorry to stray OT. I wasn't arguing the fact that new drivers have more accidents. I believe that's true. I was disagreeing with this statement:
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As for the death rate, I'm not sure but I suspect more teens skip wearing a seatbelt because it isn't cool, so when there are crashes, they are much more likely to die, be ejected, suffer serious injury, etc. Teens aren't known for their good judgement afterall.
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Steve * Despite the high cost of living, it remains very popular. * Why should I pay for my daughter's education when she already knows everything? * There are no shortcuts to anywhere worth going. |
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Steve * Despite the high cost of living, it remains very popular. * Why should I pay for my daughter's education when she already knows everything? * There are no shortcuts to anywhere worth going. |
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My first car was almost 4 years old and it cost $2,100 which I paid the payments on. Kids are too spoiled when they get extravagent cars right off because let's face it.... they'll prob wreck sooner rather than later for lack of experience if nothing else - I did.
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I don't even remember much about my first car. It did not seem terribly important to me, I guess. Fist car was bought with my husband. I was about 28. The car was a Toyota Tercel, used, but I don't recall how old or what year. Maybe three years old. Don't know how much we paid.
Don't really have an opinion on how much to spend on a teen's first car. May I just say, "It depends"? |
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