<prompt> Human: Hi! I just joined Reddit so Im not familiar with the formatting. Thanks for understanding and please help.So I just graduated high school and have never worked as my parents dont allow me. Therefore, I have no credit. They are okay with me living with them as long as I need to and are happy with paying for all my expenses. They just want me to focus on my education. They also dont have credit as they never used credit cards nor took out loans or anything. Every time we wanted to see a credit report, they couldnt provide one since there was no history or information to report. For awhile, my parents have been searching for a car to buy.They want to pay a down payment and pay monthly. I dont know if thats even possible since we dont have any credit. They have 4000 saved in a bank account. Today they let me know that they want to buy the car under my name. But Im skeptical as they arent strict with their money or with paying bills on time. I dont want to ruin my credit or have debt under my name. Should we go ahead with buying it under my name or should I tell them no? Please let me know if you need any other information. Thank you. edit: Ive written an update :  <response>: Tell them no.Also check your credit report, you may already have loans taken out under your name. 