<prompt> Human: So I found a 2008 V6 Mustang Convertible for 8000 on craigslist and the owner said he is fine reserving it for me till May 15th when I get out of AIT. When I am out of ait I will have 3500 and was planning on getting a 6000 auto loan from my bank which is a local credit union to make the purchase. My questions are Is this a good plan? How much interest will I pay? How high will my insurance be? Im 18 How much will I be paying a month for the loan? Any other advice is gladly welcomed.  <response>: 18 year old me would tell you to totally go for it and think short term, without balancing the risks, 27 year old me would say this is a bad idea, get a civic. 