Until you are 20, I would recommend buying a used car on craigslist for about 5-6k cash. Car loans for people with no credit history tend to be outrageous and predatory (think apr 15%+).
You have to have a regular job. They expect you to pay them every month.
Don't forget your insurance quote. Many pleas for help from teenagers on this site because of their auto quotes. Buy an expensive, sporty car and your insurance could be a rude surprise.
17 is still a minor. In most cases, banks do not loan money to a minor because I don't think you good credit history...even if you have a job, you still having difficulties to borrow money... but it is likely easier if you borrow money education.
But anyway... each bank has its own policies. Therefore, you and your parents should go to the bank and talk to them. The bank must look at your parents' income ...and so on before they can loan you the money.
I was wondering if I was 17 and not 18, could I still get money from a bank to loan me money for a car using that first time buyer program? Especially if i had a co-signer, which would be my mom.. Would they still let me or do I have to be 18?
