I saved up to buy a Chevelle, parents gave me permission to buy it when I had enough money.
I came home one day and there was a used GM 4 door shitbox in the driveway. Dad said I owed him $3500, there went my Chevelle money. Little 4 banger that couldn't do 80. A wise move on his part. He told me not to wreck it. If I did, I'd be walking. My sister got a new Honda. No real mystery to me who their favorite child was.
A few guys in HS got really cool cars. One got a fully restored 69 Camaro SS for his birthday. I drove past it in the winter, it was sitting in the ditch all kinds of fucked up. Got drunk and ruined it. Never saw him or the car again. Guy down the street got a 70's Firebird of some kind. New red paint, custom interior and $$$$ stereo. I bumped into his dad a few years later, found out he thrashed the car, sold it for next to nothing and tore out the stereo system for whatever reason and sold it for a few hundred. It was a drunk dad makeup gift, so no real surprise why he did what he did.