I am sure I will get bashed for this but;
is your 16 year old contributing any to purchasing this vehicle? Seems silly to buy your child a vehicle for that amount as a first car. I know I bought my own car at 16 and cherished it, took care of it, and felt proud that I had bought it myself, whereas my sisters were bought cars by my parents and destroyed them.
Now on the other hand if your 16 year old is contributing the majority towards this vehicle then yes it may be a good vehicle to buy your child depending on what the insurance rate would be (I believe the 16 year old should pay for that themselves as well)
Who knows maybe I am old fashioned, it seems parents want to be their childs friend nowadays and be that "cool" parent instead of making their kids actually work for anything they give them everything.