By the time I got my license the Trans Am was already 9 yrs old so my parents let me drive it around. It still looked very nice, but it had a very tired motor which was a gutless 305 to begin with. So Dad, Uncle, and I swapped in a big block 455. After that swap the running joke was that if you floored it... the tach and the gas gauge would meet in the middle (lol). After funding a heavy footed new driver for awhile, Dad decided it was time to let the TA go.
First car I bought for myself was a (used) Mustang GT convertible with 80,000 miles. I kept it for 7 months, let Dad take over the payment book. He kept it for 8 months then sold it to my girlfriend. Last I heard her husband was restoring it. Funny part is that between my Dad and I we owned it for 15 MONTHS. She's owned it for 15 YEARS!!!