Spent several hours today buying the daughter a new car. New to her, used to the previous owner. She has been saving her money for a down payment, has a job now to help make the payments, and needs one.
Ofcourse what she wanted was simply out of reach. We found one car that she liked but to get the payments to where she wanted them would have required a longer loan, and the bank would not make loans for that long unless the car was sbout $3000 more expensive.

So, she ended up getting a car like she wanted, only this one was several years old and has some miles on it. All in all I think it was a pretty good deal.

The sad part is that we have daughter now getting her own car and making payments (with me as the back up, of course). It will take every bit of her paycheck to make payments but she will learn some economic responsibility, and have a credit record when she finishes college. That should help in the years to come.

Tomorrow is tag time and insurance. Our agent recommends we get another policy that Kathryn can take with her when she leaves for work or graduate school. Really scary thinking about how much my little girl has grown.