17 and wondering about car payments?

  • Thread starter Thread starter Victoria E
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Victoria E

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there are places here (southwest michigan) where i could get a car payment of less than $150. I know i would need a co signer since im 17. i live in a very small town and im looking for a job 30 minutes away which is why i so desperatly need a car.

my plan was to save enuf money for a down payment and at least 3 months payment then get a cheap car payment; pay that, insurance and gas every month and save the rest of my money to buy a car outright for a couple thousand.

MY QUESTION IS:
once i have enuf money to buy a car that has no payment how wud i give the car which has a payment back since im not trading in or anything?

and i was going to have my uncle co sign. would those few months of me making car payments improve his credit?
 
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