Since things have changed from when I was that age I'm interested in hearing others' recent history approaches on cars for their teens.
One thing I will mention since someone will likely suggest this option--given that we live in the state with the most expensive insurance in the country a cheap lease is out of the question due to (un)affordability of insurance. Those living elsewhere would probably have a heart attack if they found out what we currently pay for two 40-somethings with good credit, safe driver credits, and 5 mile and 0 mile commutes.