Teenager buying a car (used)?

Question

How long generally does it take a teenager to save up enough money to get a used car (15,000,16,000), if hes just starting to make minimum wedges?

Because I'm going to be working somewhere making minimum wedges and want to get a used scion tc from a used inventory on a dealership!?

Answer 1

Usually you need 20% percent down b/c of no credit. However. If your parents co-sign the loan for you. You could go get it today.

Answer 2

It would take quite a while to save up that much money and to take out a loan, you probably need someone to cosign with you. Look ahead to the future. Are you planning on living with your parents until this car is payed off? If not, will you be able to make payments and normal repairs such as tires, put gas in it and pay for other bills?  I would save up a little and go for something a little bit cheaper.

Answer 3

How bout get your 1st check, and multiply the net/ take home times 4.3 like 250.00 X 4.3 that should give you the answer you need.