Do you think am I able to afford a brand new Ford Mustang GT convertible manual with at least $28K down for an average 18 year old makes $20K?
I'm interested with this car and I want to know if I can afford it.
If you can put 28k down, yes you can afford the car.
Get an insurance quote first. You will likely change your mind. Open a stock brokerage account and put your money in Google and Apple stock.
If you need to ask, you can't afford it.
That 28k should cover your first year's insurance.
No I don't. Insurance will be costly even if obtainable. 18 year olds and Mustangs mean high risk.
You make $20,000 a year and want a $46,000 car that costs a fortune to insure?
Are you insane?
No, you can't afford it That's basically a $45000 car and with no credit history without a co-signer you will never get a loan to cover the $17000 you don't have much less the $500 a month insurance policy
At 18 and making payments and insurance no
If you have to ask HERE, the answer is NO!
No. The insurance will be astronomical. Plus do you want to live at home forever?
With that income, no. Use your common sense and buy a used car.
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