I think what Ward is trying to say is that, teenagers in general are sometimes more careless and aren't careful so they shouldn't start off with a BRAND NEW 30k+ BMW. A lot of people when starting off with their license, are not yet extremely comfortable with driving and are therefore proned to hit things here and there. So regardless of how rich you mayyyy be.. wouldn't you as a parent who bought the car, feel less hurt if your kid scratched a 15k civic rather than a 30k+ BMW? Exactly.
Butttt I AM THE EXCEPTION because I'M THE BEST DRIVER. I'm kidding.