Classic scenario...my 16yr old is about to get his license, and I need to get him a car.
I have the means to buy or lease him something. I was looking at the 2019 Jettas, but recently read about the transmission woes, so I'm back on thinking about a base Civic type of car.
Some of my friends tell me to buy him a POS first, since he might smack up his first car, but I'm just worried about buying an older high mileage car. I don't want him breaking down, and I also don't want massive repair bills, as those will fall on me. We have my son focusing on school right now, so he's not working yet.
Current plan is to try to get a great deal on a 2019. I've been contemplating a lease, as then a bank would take on the risk of diminished value if the car does have some fender benders during the 3 years. If after the lease is done, the car is in great shape and he loves it, we/he buys it for the residual and done. If the car is jacked, we give it back, see ya later.
Or....I can buy the new car outright and roll the dice on whether it will be worth anything later on.
I need to make a decision on this by the end of the weekend, so any help and thoughts would be greatly appreciated.