i want probably a 2008 honda accord (my parents wont get me anything too flashy). i was wondering about how much would my down payment be? i dont think i have a credit score since im a minor but i dont know how that works either, would it depend on my parents credit score? im guessing minors cant techincally own cars........? like it would be under their names or we would cosign or something

i have $1500 saved up and my parents will chip in for down payment, i work two jobs so i can def pay the monthly quote. im jus wondering how the credit score thing will work and how i can calculate the down payment. basically i need to know how much cash i need. im trying to pay as much as possible so my parents wont have to come out of their pockets too much.

and yes they said i HAVE to have a new car....

a 2008 honda accord is an extremely flashy car for a 17 year old...what are you talking about??

what about the insurance?

You surely haven't overlooked your insurance requirements?
Collision on a new car, plus Liability?
This is pretty hefty for your age group.

Your parents might consider their name as ownership, and you as a second driver. Not sure if this will save anything.

One consideration, even if it is in your name only.

As cosigners, and/or,
even helping you with a down payment, W I L L put them at Risk if you have an accident and are at fault.
Civil suits are a sure thing, if damages or injury is over and above your minimum insurance requirements.

You and your parents need to be aware of this.

all you have too do is take ur parents to the car place and pick a car out and they will be your co-signer.the amount of down payment all depends on how much the car is and how long you will finance it.