Right now, I plan to buy one decent but used car for my kids to share. It will be mine and it won't be going anywhere when they go off to college or whatever they may do. For the use of the car, I'll expect help driving grandparents and younger siblings around, errands, etc.
Of course, a lot could change in the next 16 years.
My parents bought my first three cars for me, outright. And while I appreciate it greatly, it did me no favors.
H&T Mama to Faolan
6/7/12 & Malachy