Kinda sounds like my cousin but not nearly as bad. His dad leases him a brand new M3 (i think it was in 03) after the kid wrecks the Suburban doing neutral-reverse-drive tranny drops

Hes around 16 when he gets the M3, naturally he crashes it since its 333 HP machine. So his pop springs for another M3, only a convertible this time which is an extra 20K! Here son, here's your reward for crashing that nice car.