Hi XLR Roadster,
With all that has been said it just seems to me that any house hold that has sufficient funds to purchase and XLR for an offspring's first car needs to take into consideration the following:
1) How can I help my child become fully functional adult?
2) Learn the value of a Dollar and the related costs of living on this planet
3) Avoid sticking a silver spoon in the child's mouth because you may find that later you will be asking yourself why doesn't this person have any perspective of what things cost etc.
4) There has never been a case where someone has been given the opportunity to earn there why, rather then it given to them, doesn't turn out to be a much better person, in all perspectives.
5) I fell sorry for the child that is given a new car for a first car. Especially if it is a highend luxury car because what is life all about if you hand our the golden ring at the start of the trip down life's highway. And, are the parents expecting to be there for the child from craddle to grave?
6) A first car can provide a boat load of maturing real world experience and without a lot of it being seen as a character builder and a text book lession. This is if you want your child to become a confident, independent individual, who will learn the cost of ownership, taking care of something, insurance, responsibility and when the child is standing amoung the others that got their cars for free, your's will be able to say I got here on my own.
Money can buy a lot of things but it can not buy pride, experience or maturity.
I would say no to an XLR but I would say lets go find something better suited for a first ca (used and basic) and talk about what the scope of responsibility the child will have to be holding to with even a bare bones kind of a car.
If you run your own household you it will not matter if a child's friend is report to having received a brand new fancy car and that is why you are now considering an XLR for your youngter.
Just remember, this is not the time to be concerned with keeping up with the Jones'es. It's time to give your young adult to the tools and opportunities to grow into adulthood to survive on their own, not on the money you have.
Sorry for the long winded message.