<prompt> Human: I am 18 going to 19 in couple months and in college. Currently I been looking at 2015-2016 mustangs. And Im not talking about the special gt or the Shelby. Im talking about basic v6 fastback. I can either finance it new one with only 230-260 a month. Or I can search and find some that are 18-20k and finance them. My dad pays my gas most of the time, and he will also pay insurance l. If not I will pay it or Ill help pay it. Is this going to destroy my future? What is different between 2016 civic and 2016 mustang when they are the same exact price. Assistant: Youre 19. You cant afford a 20k car. Buy a cheap car you can afford to buy in cash. Dont get a new car. Your rates are already going to be through the roof as a 19 year old and if youre male it will be even worse.Human: Honestly its a lot easier for me to pay car off monthly than, than save up and buy one cash.  <response>: Of course it is. Its easier for almost everyone to buy what they want now and worry about paying it off in the future. Even if you do insist on getting a loan, thats a completely different question then getting a new car. Get a 5k-7k car. 