Interesting issue. I have a many friends who are relatively "spoiled". They have an unsophisticated understanding of money but also have access to a great deao of it because of family. They have been given cars like 740's, the Lexus convertible, Vette's, Boxsters, Land Rover Defenders, you name it. Can't say its done wonders for their financial accumen, but it hardly matters because they'll never need any anyway.

At the same time, teens need to get around. I didn't have a car until I was 21, buyt used family cars to get around with as a teen. I had to pay for gas, but not insurance. The cars, well, a Dodge van and a 79 Lincoln Town Car, Cartier Edition, yo.

__________________
1984 300D turbo, 250K
1971 MGBGT, 101K
2007 VW Jetta, 4K