<prompt> Human: I was just wondering because I am a complete newbie to finances. I have 0 credit, never had a loan, debt, or anything had to pay. Im 20 years old and currently living at home while working average of 35 hours a week and attending community college for free. I was considering saving up around 5k to put as a down payment for a car I REALLY wanted but would have to borrow 10k. I know I can pay it off but I dont know if this is an actual good idea or not. At the end of every month I usually have around 900-1k laying around so I thought Id be safe with a car payment for a few monthsProbably not, but Im just looking for any suggestions  <response>: Have you factored in the insurance, gas, etc.? Probably not. Its better to keep as much money in your pocket as you can. You can only spend it once. Also, with no credit your interest rate would be astronomical. 