tibbitts wrote: ↑Fri Jun 17, 2022 11:36 am
This is a challenging situation for the OP, but I don't believe that most of the replies that reference what worked 1/5/10/20 years ago. It's a completely different situation today.
sureshoe wrote: ↑Fri Jun 17, 2022 12:13 pm
Got to love it when people say "I want to do something, any advice on how" and a bunch of people not in their situation say "don't do it."
This is forum whose advice is ideally inspired by Jack Bogle. Jack lived a very frugal lifestyle. So when a poster has a financial dilemma, the advice some of us provide may be more along the lines of that type of lifestyle. And note the OP's actual question/concern:
I hate to spend this kind of money on a car, but I'm not sure where to go at this point.
Aside from this, the used market is fraught with dodgy rebuilt titles and other risky propositions that seem to present themselves more readily when markets like these emerge.
I'm really just looking to find a sane decision in all of this.
Any advice?
So inquiring as to whether this is a need or a desire helps narrow the issue. If the OP and family live in a rural area and the daughter needs to drive a distance for a part-time job, that is a need. If the OP and family live in an area served by Uber, Lyft, public transit and other transportation options and the daughter just wants a car to go hang out with friends, then it may not be a need so much as a desire.
In that context, there may be other options that are a better or wiser financial choice that would equally meet the needs of the OP and the daughter.
And it really isn't a different situation today than it was 1/5/10/20 (except for perhaps the availability of
more transportation options as alternatives to car ownership). Teenagers then and now may have jobs, participate in extracurricular activities some distance away, enjoy active social lives and some may even prefer to get to and from school in something other than a school bus.

I don't think the needs of teens for transportation has changed, it is the culture of what is provided to fulfill that need that has changed. And making important financial decisions based upon the cultural norm or "what everyone else is doing" is not a Boglehead approach.
I;m sure that those who have responded are interested in helping the OP analyze various options and the financial costs and benefits of each, Hopefully the OP will respond to the comments and questions in this thread so that Bogleheads can weigh in with suggested approaches for the OP's consideration. Ultimately it will be up to the OP to make a decision that is best for them. Whether it is the wisest
financial decision is something only the OP can determine...
