How would a car for your son not be an investment?
An investment is something that you purchase with the intent of gaining money off its predicted rise in value. Cars in almost all cases only
depreciate in value, and this is known by everyone I've ever talked to.
They way he drives it doesn't make it an investment
As I've reiterated again and again, the car is fully insured for any possible collisions. Since the word investment by nature refers to the monetary value of something, the prospect of me crashing it would not change anything at all, except that my new one would have a manual transmission. It's actually a
good thing if I "crash daddy's investment."