<prompt> Human: By new I mean 2012 or older since any new er would be too much on my insurance. Currently have a 1998 Honda that has an issue every 2-3 months and can cost between 300-700 each repair. I really do not want to keep this car anymore as now there is something wrong relating to the transmission. I was thinking of financing a car around 7000-10000. I currently have 1700 saved up for a car. However I should only spend about 1400 since I need to buy textbooks soon. Im 18 and recently got my first credit card so if i finance or lease Im gonna need my mother to co-sign. Im hoping to spend less than 200 a month on the car. Preferably 150. Insurance on this car right now is 180 a month and we dont even have full coverage Ive had 2 accidents. Leasing is appealing to me because I dont have to pay for repairs. When school starts again in a month I will be making 400-500 a month. I am not paying for my insurance right now and may need to help my mother with that as well.  <response>: I dont understand how you could even afford a lease. You only make like 5000year. And I dont think its a good idea to buy a car that costs twice your annual salary either. You should probably be looking at cars in the 5k range, just something that gets you from A to B. 