#Teens

The thought of a parent spending any significant amount of money on a vehicle for their teen offspring leaves a bad taste in this writer’s mouth, but some families march to the beat of a different, more affluent drum. Yours truly believes a free hand-me-down wreck should be the absolute limit of parental generosity, and that’s only on the condition that they pay for all upkeep.

But loans from the Bank of Mom and Dad are definitely a thing, which gives them considerable say over what vehicle actually enters their kid’s life. With this in mind, the Insurance Institute for Highway Safety and Consumer Reports joined forces to craft a list of decently reliable, safe rides for parents on a budget.

Would your spawn be happy with any of these top choices?

That’s the sound of a sad trombone playing.

Dodgy offshore tax havens get a lot of press lately, but what about mass movements of capital to friendlier shores that hide in plain sight? The New York Times has a heartbreaking story today of young Chinese adults in Vancouver, Canada who just can’t figure out what to do with all that cash their fathers earned.

They do know one thing it’s good for: obscene quantities of ultra-high-end cars.

It’s never too late to snap up a last-minute gift for your teenager, such as a car. Consumer Reports has nifty practical advice for parents looking to make this Christmas one to remember for their teen — until next Christmas when you have top a friggin’ car.

For your teen’s first ride, according to Consumer Reports, avoid anything with a big engine (“Generally speaking, the ideal car for a teenager is a four-cylinder mid-sized sedan”), lots of numbers on the speedometer (“If too much speed is to be avoided, then it should be a no-brainer to avoid high-performance sports cars.”) or minivans (” … a carload of teens is not a recipe for safety.”)

There are other considerations, according to the report: