What is a good car for 18 year old?

The best cars for teenagers

1. Honda Civic (2012-2016)
2. Toyota Camry (2012-2014)
3. Hyundai Sonata (2011 or newer)
4. Nissan Altima (2014 and newer)
5. Volkswagen Jetta (2016-2017)
6. Ford Focus (2015-2017)
7. Ford Escape (2018-2019)

Can 18 year old get a car loan?

You can purchase a car when you’re 16 or 17, but you have to be 18 in order to apply for an auto loan and finance a vehicle. Once you turn 18, you’re no longer a minor in the US and are legally able to take on debts, such as financing a car.

Can I get a loan as soon as I turn 18?

18-year-olds without a credit history routinely qualify for first-time student loans – and get this – no job requirement! Only the federal government would suspend all profit-seeking logic when lending money.

Is it better to buy a 10 year old car?

While it’s a good idea to consider the age of a vehicle and the number on its odometer, it’s more important to look at how well the owner maintained the car. A 10-year-old car with 100,000 miles may have received more TLC than a five-year-old model with 50,000 miles.

How much does it cost to repair a 10-year-old car?

While the average 10-year-old car may cost $600 a year to repair, the average Mercedes-Benz costs more than $1,500 a year to keep running at that age, and the average BMW about $1,300. Even older Minis ring up more than $1,000 a year in repairs on average.

How many miles should a car have at 4 years old?

So for a car that’s four years old, you might reasonably expect it to have around 48,000 miles. But once again, it’s essential to consider what type of miles the car was driven (city, highway, or a mix) and how well it was cared for. Are Some Cars Better than Others with a Lot of Miles?

How much car can you afford to buy?

The above car affordability calculator uses a conservative but solid assumption about how much car you can afford. Whether you’re paying cash or financing, the purchase price of your car should be no more than 35 percent of your annual income.