And btw, most kids have a parent who buys a car for them. I had a "beater" they are not reliable, in a year you can drop almost 5k into it just fixin it.
We just sold our old beater after a year and used savings to move into a better car with cash. We spend a total of $200 for some new tires during the year and paid $2800 for it. That's $3k for a years worth of car, less then you're paying now. Of course, we're in the process of selling it and moving into a better car because we've been saving a replacement for a year since we don't have a car payment. Main differences between our situation and yours, we actually sold our car for more then we paid for it, and we didn't have to pay interest or other fees, or have to carry full coverage.
UM my car was 10k i got a loan at 10% intrest for 4 years. My car payment isnt that bad for being 19.
How'd you come to that conclusion? Your note might be good compared to some other people your age but it's a horrible financial spot to be in. You're paying way to much for an asset that's going to lose a ton of value over the next four years. Even if you're just trying to improve your credit score, this is an expensive way to do it. Stop thinking about how you rate compared to others your age and start thinking about the best move. You'll find nothing but trouble following the pack.