Kindness to my own son would say "Yes, lets spoil him!!!!", however the more powerful voice of reason says "let him bend a $1000 (read safe) car first". Examples would be Volvo 240 series, American iron....,etc., Dodge Grand Caravan (just kidding).
I bought all of my cars with my own sweat and blood with little help from my folks on my first car. I think there is an important lesson there.
This coming from a father of two, probably won't sit well with you younger folks.
Since you asked.......
L.