It speaks volumes when a $26,000 brand new vehicle is considered affordable for a 16 year old, let alone appropriate.

My first vehicle was a 1984 Ford Tempo that was used with 60,000 miles on it. I saved up for two summers and was able to save enough to pay for half while my parents kicked in the other half. At the time - saving towards college was more important than getting a new car.

I guess times have changed. I hope your 16 year old appreciates the gift.