n Personal Finance Newsletter - Your kid's first car : jalopy, or out-the-box?

Volume 2013, Issue 393
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There are generally three ways parents can go when their kids come of driving age: Buy them their first car outright; contribute towards it; or leave them to fend for themselves. Looking at the first option, there then seems to be two distinct schools of thought on what they should get - either a cheap banger, or a new (or almost new) version of one of the latest models.

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