<prompt> Human: First off sorry if my situation does not belong in this subreddit. I couldnt think of a better place to ask about my situation than here.Im currently entering my first year of college and just recently applied for a credit card from 1st Financial Bank. I applied but as of right now have not gotten a response. So as of right now besides the base credit you start with I have nothing. But Im trying to buy a car. I dont have one specifically picked out yet but at most Im planning to spend 7,000. Fortunately my Financial Aid and State Grants cover my entire school tuition and even gives me an extra couple hundred dollars for myself. In order to buy the car I took out a federal loan totaling about 5,500 over the span of the entire school year. I know that you need good credit to buy a car because of interest rates and possibly being denied. If I put down 2,250 as down payment on a 7,000 car with the base credit how much interest would I get hit with? I dont want up paying a lot more than a car is actually worth because of the interest rates. Also my parents just recently bought a 21,000 car for my sister with my dad paying the car while my mom as cosign. I cant have my dad cosign the car with me because he has really bad credit. What do I do about this situation? Any advice would be extremely helpful. Thank you. Edit: When I asked my dad if my mom could be my cosign he said something about being a cosign on more than two different cars is not good. Is there a specific reason why?  <response>: Getting a auto loan is gonna be near impossible. Youre roughly 18yo im guessing, no credit history and no income. Even if you miraculously could get the loan, you still have to consider the cost for gas, and the insurance cost. 