How to Buy a New Car

In 2008, a 16-year-old gave his parents $5,000 to buy him a new car. The money was supposed to pay for the family's old Honda Civic until he went to college. But after one fender bender and Walmart parking lot damage, it paid back just over half of that amount. He then put the rest into his next car in college before selling them off when he joined the Navy.