himgotscarf

I have two, both from high school. Sugar on pizza, and chocolate chip cookies dipped in nacho cheese

Quote from WonderfulWonka >> Quote from Namtih21 >> This is my business.  First, you can't execute a finance contract until you turn 18.  But let's assume you'll be doing this when you turn 18.   After taxes title and license, if you're buying an 8500 car after putting down 4000 you'd be borrowing around 5500, depending on taxes in the state you live.  That price on a hybrid means it will be very used, over 5 years old, maybe closer to 10 (I have a 2013 Prius that is worth around 12k).  That means it will have a lot of history, and the interest rates will be higher on that unit.  Interest rates are figured from two points, risk based on the customer and risk based on the vehicle. At 18 years old with obviously no credit, you will be high risk, and then an older hybrid also brings risk.