<prompt> Human: Hello, I am a 16 year old student in high school and I am going to need a car by next year around this time, I currently have work and am planning to save up all this year and through the summer, Ive done the math and where I am working you get a 40k set wage but have the chance to get large commission checks and I will be able to make at least 10k during the summer my math 4012 3,333 X 3 months in summer 9,999 without commission. I do know that anything can happen witch is why I am waiting till the end of summer to take out the loan just incase, However if I lose the job that would be why I would save up all this years wages the summer wages I plan to keep around 1-2k in the bank just in case of repairs and such then take out the rest of the money for a 20,000 car and at that point if I get fired or laid off I have enough resources to find another job to pay the loan off. Just wondering if this is a alright idea for a young kid.father would cosign the lease  <response>: Id recommend getting something more like a 10 year old car for 8000. You are going to crash it. Id bed 34 of my friends crashed a car before they were 20. It doesnt look like you are accounting for income taxes, which on a 40k salary would probably about 20 of your gross wages. Id really really advise against a newish car. 