I'm 18 and I'm saving up for a new car. My car is nearing 30 years old and it's starting to get quite expensive to own. I have a relative's boyfriend selling a 2013 Ford Fusion. It's just the base model with the 2.5L engine. Not anything fancy. It's $7,000-$8,000. I can't remember the exact price. It's going so cheap because they don't drive it and just want to get rid of it. They're making payments on it and he got a new truck so he just wants it gone. I talked to them about taking over the payments but, they just want to pay off the loan and be done with it. I don't know if the loan could be transferred or not. The payments are currently about $200 a month. I'm still living at home so, I don't really have any expenses. I make about $300-$400 a week and could make multiple payments to pay it off faster and not have to worry about it. I've only been working at my job for a couple weeks so, I know that I very likely wouldn't be approved for a loan. My mom would probably be approved. I could make the payments. I'd probably make multiple payments so it could be paid off faster. Her credit increases, I have a better car, and the owner no longer has to deal with it. Everybody wins. I still have to talk to my mom about this. She may or may not do this. It's completely her choice and I understand if she doesn't want to. Would it be a good idea to do this?
Read more: Should I buy this car?
