I'm interested in buying a 2005 Mustang, I can afford it with the new job I got, but the problem is I'm 17 years old, so I think the financing would have to be on my parents name or something... is there any alternative way to get this? Or should I just wait until I'm 18 so I can get a loan (in which I'm not even sure I can get).
2007-08-18 05:08:47 · 5 answers · asked by Mike 3 in Business & Finance ➔ Personal Finance
this car is not a NEED, it is a WANT. Be smart, don't finance this car. Pay cash for whatever you can afford now. When it bites the dust, you should have been able to save enough to upgrade to a somewhat nicer vehicle. Please, stay away from financing cars if you possibly can. They are a poor investment, and not worth what you will pay. Good luck !!
2007-08-18 05:36:45 · answer #1 · answered by b dub 1 · 1⤊ 0⤋
Wait till you are 18 and save, save, save in the meantime. The bigger the downpayment, the more likely you'll qualify for a loan.
Remember that owning a car also means gas, insurance, and maintenance.
2007-08-18 12:21:40 · answer #2 · answered by bdancer222 7 · 1⤊ 0⤋
I wouldn't buy it-the insurance will kill you...probably more than the car payment. Save the sports cars for when you're a bit older and can insure them affordably.
2007-08-18 15:36:57 · answer #3 · answered by Anonymous · 1⤊ 0⤋
Financing a used car?!!?!?! Just save up and buy a good used car for CASH.
You don't need to start your misadventures in credit this early!!!
2007-08-18 12:19:06 · answer #4 · answered by Anonymous · 1⤊ 0⤋
You cannot afford this car.
If you could afford this car then you would pay it in full WITH CASH.
2007-08-18 12:19:52 · answer #5 · answered by Anonymous · 1⤊ 1⤋