Okay yahoo community I m turning 21 in December and plan on getting a newer used car. I want a 2013 Dodge Charger?

The calculation goes like this.

For every $1000 you borrow it will equal $25 in monthly payments. So if you borrow $10,000 your payments will be calculated as 10 X $25 = $250 a month for 5 years. If you borrow $20,000 your payments are $500 a month for 5 years.

This is an ESTIMATE but it is very accurate to get you withing a few dollars of your actual monthly payment.

As a 21 year old male driving a high performance sports car expect your insurance to be at the very high end of the scale as well.

In order to qualify for a $20,000 car loan you need a steady job with a good full time income ($1600 a month) with high credit score and low debt.

Unless you have great credit & a great job with income over $2000 a month, you wont be getting a 2013 Charger.

PS, 99.9% of 21 year olds don't have great credit.

Sounds like you've already made your mind up, but I can tell you that a charger is a poor choice that you will soon regret purchasing.

Reliability is very bad, and they drop in value like a lead weight.

If purchased new, the value drops about 30-40% as soon as the tires hit the street.

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