18 year old buying new car
Little background about me, I’m 18 years old and have worked full time for the past two years. I live at home and have no big plans on moving out so my expenses are very low. I have about 30k saved up and want to purchase a new car because my 2005 Honda crv is starting to give me problems (it has over 330,000 miles). I’m starting college in august so I need something reliable to take me back and fourth between school and work. I’ve decided on a Toyota Tacoma SR, I want 4wd because where I live winters get pretty rough. The car is about 35k. My grandparents whom I’m very close with have offered to co-sign on a loan for me, they have 820 credit scores. I’m not dead set on getting the truck but I will need a new car soon enough. I will continue to work throughout college and my take home pay is about $25,000. I don’t believe I’m making a huge financial mistake and feel that I am very financially literate as to why my grandparents are on board with co-signing for me, I felt that I should post on here to gather outside opinions as I don’t have many people to talk about it with. All advice helps.
Submitted June 21, 2023 at 12:37AM by Brilliant_Talk_1617 https://ift.tt/6cpmtgV
