<prompt> Human: I found a 2008 Honda accord EXL-v6 for 15000, clean Carfax 1 owner coming from a lease. My credit is around a 700 and i got approved to finance the car at an interest rate of 8.5 through capital one. Now i am debating if i should just wait and not buy the car since it does add about 3 grand in interest. Is this a good deal? Should i buy it to help build my credit? Should i continue to shop around for a loan, or would that kill my credit? some loan companies dont approve for independent dealerships should i buy a cash car around 4k and just wait and see if my credit improves?edit: Thanks everyone for the helpful advice! edit2: I am going to take everyone advice and buy me a cash car! I think i will use the money i save and open up a mutual fund with vanguard, or something in that line. Again thanks everyone i know i will be happy with this decision in the long run  <response>: Is this a good deal?Im on the west coast and that seems like a typical price for that car here. Not particularly good or bad. 8.5 interest rate is not very good. My local credit union offers around 3-4 on used car loans. However, if your credit is limited, you might not be able to get rates that low. Should i buy it to help build my credit?You could probably build your credit for a lot cheaper by using credit cards and paying them off, without paying any interest. Should i continue to shop around for a loan, or would that kill my credit? If you get several credit checks for a loan within a certain period of time, it doesnt harm it any more than a single credit check. Im not sure what the time window on that is, though. should i buy a cash car around 4k and just wait and see if my credit improves?Im almost always a fan of buying cars under 5K, so IMO, yes. As for your credit rating, just make sure you have a few credit cards and stay on good terms to improve your score. Credit Karma can give you a report card so you know what specific factors you need to work on. 