There's a new breed a first car owners here in UK. Teenagers are buying brand new small hatchbacks in huge numbers. The cars cost £10,000, & the insurance another £3,000. After a year, the cars are thrashed out wrecks, probably worth about £4,000 tops. My nephew's first car was a 15-year old Jaguar XJ6 4.0 litre Sovereign. He paid £500 for it, spent another £500 & a lot of hard work over six months restoring it himself. He learned so much, he now has his own business breaking and/or restoring XJ Jags, and shipping all over the world. He's still only 23.