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I hate to jump on the wise old man bandwagon, but you really need to consider what you are purchasing...for a 16yo kid. Just imagine what we all were like as a teen. Invincible, love to show off, race, etc... I cannot foresee a parent EVER regretting the purchase of a large, slow, POS like Ford LTD or other tank. Buy a safe car, not a cool car. This will also teach them to appreciate what they can earn as they get older if they save up. Maybe save the money, buy a POS and get a fixer upper muscle car that you both can work on for years.
I'm sure that you or others may poo poo this, but spoiling a kid is never the right thing. Again, buy safe not cool.
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