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Even though the "/thread" has been thrown I'm just going to throw my opinion out there, and pretty much echo the sound reasoning stated above. A reliable, fun car can be had in the $5000 range. Pay cash for something you can afford and save your money. You have the rest of your life to buy your dream car.
I made the mistake of buying a "hot" car when I was 18 and even paid cash, but it was still a big mistake. It ended up being a money pit, and I learned my lesson. I say this having made the mistake myself, give yourself a couple of years at least.
The basic rule for myself is, don't take out loans on toys. A good friend of mine just went out and financed a new 2013 garage queen Challenger R/T @ over $1,000 a month (MSRP 40,000+) and I couldn't help but shake my head. He works like crazy to be able to afford the new house he just bought, two other new cars, and keep up with 2 used cars. This is who I strive to NOT be.
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