I bought mine new in oct 2013. No downpayment and my interest was like 3%. Im paying about $530 a month. Its a little steep but my maintenance is all paid for 3 years. I was 22 when i got it. Since then I realized I made a mistake.
Might want to say how much you put down cause at your age the time you bought it with no cosigner brand new i doubt your paying 240 a month if you bought it an not leased without putting a huge amount of money down theres no way your paying that
Got my then-new '11 GTI from my parents delivered 11 days after my 21st bday and I would lie to people and say that it was my 21st birthday gift from my parents cuz I was a douche like that. Reality was, I needed a car and that was the earliest that I could come back from college for the summer. My mother especially hates anything used so I wasn't allowed to get that gorgeous (and cheaper) E46 ZHP that I was drooling over.
I've been financially independent since 23 and at 24 I cut my father a cheque for about $17,000 in cash. That was our agreement at 21 and though it was not for the full price of the car, paying my parents back has been one of the most rewarding things I've done yet.
My intrest rate is at 14% and I'm 19 years old. My mom Co signed for me but I'm making payments on my own of 410 dollars, and insurance of about 244 with a clean driVing record but I'm under 25 so it's fucking me over... I still pay rent at home, I pay 300 dollars rent and 110 for my phone bill cuz of t mobiles jump program and unlimited 4G lte and all that bs. Therefore, the rest of my money goes towards gas. My car is basically stock tho besides a borla Catback and a 1000 dollar sound system (I love music lol) but imo it's better than owning a honda like most kids my age in the area!
I see you have quite a few responses but might as well add mine since it would be useful for those looking to purchase...
I had a score of 620~ and had a credit card for a year to get there. my parents credit is horrible (lost the house) but I had no choice other than cosigning with my mother. I believe hers was around 500.
I'm paying 500 a month lol. getting raped but looking to refi in a few months. I must say its been worth every penny
love my job to death.
