<prompt> Human: So Ive been looking into getting a new used car recently. Im 20, taking home about 400-500 after bills each month. The car I have now is on its last leg and I think its time for an upgrade. As of the moment Im building credit with a loan from my credit union, but still have no credit score which means any interest on a car will be rough 10-15. I have about 1400 down at the moment and the dealership I am going through talked to a bank and they approved me for a loan, which is under 300MO for the car. The value of the car is about 10-12k wasnt given exact figures yet. Is it something I should consider buying the car, both for the much needed vehicle and credit score? What are some other options if this isnt a good plan?Edit: talked to the dealer today and you guys were right this was a total ripoff coming to just about 25k after 72 months without refinancing, and now Im looking locally for private sellers. The only downside is everyone here is a cheapo and bad cars are about 2k on the low price range, but with almost 25 financing its definitely a no go. Not for a 12k car to start. Thanks for all the great adivce! Edit 2: Where can I look for a good clunker? Checked Craigslist and Facebook car sales, nothing good so far.  <response>: My best advice from being young and totally in your shoes once:Stay in the 4k-6k price rangeDont finance a used car for longer than 4 years 48 monthsKeep the interest under 8 dont let the dealer make you think that financing through them is the ONLY option. Do your homework and try a few banks on your own first... if you have a parent or very close trusted relative to co-sign that will help.If you want a hatchback, try Hyundai Accent Ive had two and they are awesome... they make a 4 door hatchback and you can get them for super cheap used if you look hard. Kia Soul is another good one to look for in the 6k price range. 