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Old 08-10-2013, 07:38 PM   #21
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I would take one step at a time. I just went through this with my son 4 years ago whe he turned 16. He first got the permit and drove wot he me for almost a year. Then he got the license but was only allowed to borrow my car for about a year. He then got his first car. He has been in a couple accidents one of which was pretty bad but no one injured but totaled both cars. He got another car and is a much more cautious driver he paid for the car and all expenses. He will be 21 in a month.

My daughter who is 10 years did not start driving until 19. She was in about 5 minor accidents only one of which she was at fault.

I have always carried a hefty umbrella policy since the daughter and son started driving.

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Old 08-10-2013, 07:44 PM   #22
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Just wondering - if the OP does not have the car in the OP's name (say he sells it to DS for cheap) and his DS lives with the Ex if DS gets into an accident, how/why would the OP be liable?

While I know just about anyone can sue anyone, winning is another matter.

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Old 08-10-2013, 08:06 PM   #23
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Maybe I will just kick the can down the road. Stalling can be an effective solution. I had it in my mind that when you turn 16 you get a license and a car, that's what I did. I also had 2 major accidents by the time I was 18.

Worst case I stall for 2 years, my son is more mature and we do something like for every dollar he saves I match.

I look at my son and it scares me to turn him loose with a car knowing full well how I handled it.

I guess the side benefit will be my son will drive my Ex crazy about her getting him a car. Icing on the cake.
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Old 08-10-2013, 11:47 PM   #24
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Originally Posted by Buckeye View Post
Make sure your Umbrella policy is paid up although it might be expensive because the risk of being sued into oblivion because of any injury accident is high.
Excellent advice for anyone with... or without a young driver.

But with young driver(s), I would consider it mandatory!

In my opinion, a car crash could be the quickest ticket to have to unretire, or to kill off dreams of ER.

When our youngest graduated college, we signed over the car to him that he had been using, he was now out on his own, employed in his major, and our umbrella policy premium took a dive. Considering how much one has to risk, an umbrella policy is a good insurance move.
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Old 08-11-2013, 05:55 AM   #25
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Originally Posted by pb4uski View Post
Just wondering - if the OP does not have the car in the OP's name (say he sells it to DS for cheap) and his DS lives with the Ex if DS gets into an accident, how/why would the OP be liable?

While I know just about anyone can sue anyone, winning is another matter.
When minors are involved in something invariably they find reasons to go after the parents. Even the OP selling the car some lawyer can construe into some type of liability. Suing is less about "right or wrong" as about "who may have the deep pockets" these days.

Even if they don't win just going through the process can cost 20K or more in legal fees... which sometimes it is used to force folks to settle ("we'll settle for $10K, its still less than what your fees may be even if you win").

As was mentioned before, an umbrella liability policy is mandatory with minor children driving.
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Old 08-11-2013, 05:58 AM   #26
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I'll take a different view. While I don't have any kids I was one and clearly remember that I was just thrilled to have a car - any car - at 16. Dad paid $50 for it at a junkyard and Walt had to put the transmission in it before I could drive it. That and a lot of other things but the transmission was the big item.

Remembering that chore, I did not abuse the drive train. Ever. Some sweat equity does a lot to encourage that.

It remained titled in Dad's name but unless there was some other shortage in vehicles I had pretty much exclusive use so there was always the possibility of having the keys pulled and I knew that too.

As you can see from the first photo it needed some TLC when we got it but we did drive it to PA quite often to see my grandparents.
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Old 08-11-2013, 07:37 AM   #27
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I do not have children but I agree with travelover.
Originally Posted by travelover View Post
I think that 16 is too young to own your own car. Let him get a license and use this car for very specific needs (like work or sports), but otherwise it is just a new toy and a distraction. I say this based on personal experience, having been a 16 year old kid with his own car.
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Old 08-11-2013, 11:47 AM   #28
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Nice looking car Walt. I drove my Mom's 64 1/2 Fairlane for several years before the title was put in my name. But I can't say I was as easy on her as you were yours. That old 289 would get on down the road.

I was lucky and never got in a wreck. {still haven't for that matter} But we did have several kids get killed from our school in back to back years. For a small town like Altha, it is a major shock to lose four or five kids at once like that.
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Old 08-11-2013, 01:49 PM   #29
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I have two DS's, 21 & 25, but no accidents (that I or the insurance company know of). Both car/driving/racing aficionados and early drivers, but also thoughtful and careful. They both drove our spare car to high school and when home from college. The younger one, now a senior in college, just bought a Mazda Miata by himself. We made sure the insurance fit within our umbrella policy, though at 21 in a different state with his own car and insurance I'm not sure how liable we'd be or if the umbrella would even cover him. But anyway, it's not 100% certain a 16 year old will get into accidents. And while we helped with buying a car after college, we didn't hand them out.
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Old 08-11-2013, 05:46 PM   #30
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This would work for me.
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