Kids and cars: give them cash, set up a loan or make them save?

If your adult child needed a car, what would you do? 🚗

Would you:
✅ Buy it for them?
✅ Make them save up?
✅ Set up a loan or go half and half?

In this clip, Glen chats with financial adviser Phil Thompson about the different ways parents can help their grown kids buy a car—without derailing their own finances. They explore the pros and cons of each option, the long-term money lessons involved, and how to balance generosity with financial responsibility.

💬 What would you do? Drop your thoughts in the comments!

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This video is for education and entertainment purposes. It is not intended as a substitute for professional financial, tax or legal advice. Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement and obtain appropriate financial advice tailored to your needs. We may discuss products, services and answer listener questions on this video for entertainment & illustration purposes only. We may change the name of the questioner for anonymity. It is impossible to give you personal advice on an entertainment video as we do not know the details of your personal financial situation. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies that may be communicated in this video. SYMO interactive Pty Ltd, the publisher of the video, is an authorised representative of MoneySherpa Pty Ltd (as is Glen James) which holds financial services licence 451289. Please read our Financial Services Guide located at moneypodcast.com.au. This video is intended for residents of Australia.

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