Buying a car at age 15.

So I just wondered what people would think of this...
I'm 15, making enough money to afford the payment on a used car, the car I'm buying is a 2011 Jeep JK (wrangler unlimited) and its 37k, I'm putting 75% of my savings into it as a downpayment which is about $4000, the payments would probably be about $480 a month, I really have nothing else to spend my money on, I just wanted to know what peoples opinions of this were...heres the car i'm buying, http://www.billionauto.com/C-View-Used-Vehicle-2011-Jeep-WranglerUnlimited-11678

Are you going to be driving in the mountains or something?

187 said:

Are you going to be driving in the mountains or something?

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yes, i live in south dakota in the black hills so, theres lots of trails to drive on + when winter comes this will be great...and it looks bad ass

It does look really nice, and if you can afford it than buy it. I'm 16, and still don't have a car. Hopefully I'll be getting one soon.

I wouldn't personally $480 a month is quite a bit plus the intrest would add up to quite a bit. It also depends on how long the payments are you won't want to be paying $480 right when you go to college on top of the college fees.

I wouldn't if I was you just go on Craigslist and search for some nice used Jeep TJ's or Jeep YJ's.

For that much money you could get a nice ass benz or something like that...

@"moon." I just took a trip through the black hills, good luck with this man I just turned 16 and got my license, so I went and drove through there.

How do you make that much money at 15? lol i make 000

I wouldn't go for that lol, the amount of money you have you can get a real snazzy car.

I wish I bought a car at 15, I am 17 now waited a bit to get my license just got it last week, buying a 2004 Ram 1500 next month.

Buzzy said:

I wish I bought a car at 15, I am 17 now waited a bit to get my license just got it last week, buying a 2004 Ram 1500 next month.

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on a more irrelevant note.
If that's you in your avatar, Congrats on graduating!
My little brother just graduated as well... *Grabs kleenex*

Are you running a meth lab with your chemistry teacher? Damn

OP that's a terrible Idea, just wait until you can buy car outright or find a cheaper one. Taking on monthly payments (debt) at age 15 is the saddest thing i've ever heard.

I am a firm believer that first cars should not be over $10,000. I'm going to get a few knives at my throat, but I'll strike back my machete. Even if I were a self-made millionaire, I would purchase my children average first cars.

Let me make a quick assumption: You want that Jeep Wrangler far more than you need it. How do I know this you ask? Because you can purchase old(er) Jeeps for less than $10,000. Perhaps you want it to impress your friends, maybe the girl down the street? Or maybe you just want it to have it just so you can say, "Hey, I own $35,000 Jeep Wrangler."

Whatever the reason may be, do not put unneeded stress on yourself. Yes, a financing a car is stressful. Financing a $30,000+ car at 15 years old is even more so. You are just a young man, no need to have gray hair before your twenties.

Quick tip: Do not worry about what others may think of your first car. It's a first car for a reason. They're going to be the ones crying when they're driving their Honda Prelude and you're in a Porsche 911 Turbo S in ten years, or perhaps a badass lifted Jeep. I am not fronting the reason as to why you want to finance a car, just don't let the thoughts of others make you take a jump you're not willing to take.

Good luck, bud.

Go for it if have nothing else to spend your money on