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HowTeensCan Buy Their Own Cars | DaveRamsey.com
So you’ve got a teenager, and your teenager wants a car. In past words, if your young saves $5,000, then you match them with $5,000, and they can buy a $10,000 car. When Dave’s kids were growing up, he titled this plan the 401 Dave. If you are financially able, out of debt and able to afford it on your income, the another option is to help them out a little bit.