What do I do?
#21
I say go for it. get your parents to co sign on a loan. 6 months after i graduated high school i went and financed my 08 xlt with 77k mi for $18k....since i had no credit my intrest rate is 7.9% which sucks BUT it helped me build up my credit. only thing i would do different is refi the loan. here i am 2 years later still with 7.9% however my credit has grown enough for a credit card and a motorcycle loan and still have good credit. anyway....i say go for the truck once you find one. good luck!
#22
Senior Member
Thread Starter
I say go for it. get your parents to co sign on a loan. 6 months after i graduated high school i went and financed my 08 xlt with 77k mi for $18k....since i had no credit my intrest rate is 7.9% which sucks BUT it helped me build up my credit. only thing i would do different is refi the loan. here i am 2 years later still with 7.9% however my credit has grown enough for a credit card and a motorcycle loan and still have good credit. anyway....i say go for the truck once you find one. good luck!
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Mccurdythomas (06-08-2014)
#25
Senior Member
You need to budget to pay for your insurance and gas. It sounds like you are a bit more concerned with MPG and $ than you should be. I'm not telling you not to buy it but I would take your payment x2 and that will probably be the MINIMUM cost per month to own the truck. I got a vehicle right as I graduated and I wish I would have put that $ into my pocket and driven my paid for Jeep Cherokee. As stated you will be lucky to get 15 MPG. I have a 2wd supercab with the 4.6 and rarely see 15 MPG, but I drive mainly city. If you are on a ranch or use 4x4 much Id expect low teens at best esp with the bigger tires.
#26
Senior Member
I average about 12.5 and I drive about 75% city and 25% highway. With local gas prices I spend about $60-80/week on gas, so about $240-$320/mo in gas and I don't even drive that much. If I was you I'd have other things I'd rather spend my money on at that age, but it's totally up to you.
#28
I have 33s and a level i get 12 street 15 freeway... diving like an old lady most the time. At 18 i would look for something cheaper unless you plan on keeping it ALONG time. I'm 31 and just got my first f150 last year for 8k but it's a 2wd and more miles but I'm keeping this bish till the wheels fall of then I'll put new ones on I love my truck.
#29
Senior Member
I'm 6'3" and 400lbs. The biggest thing I drove until just recently was my Scion XD, and it literally bruises my knees. Wait till you get older to start spending money on cars man. Just my $0.02.