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Can my parent put a $500 (maybe $600) down payment for a $7,000 car?

myaaaaamyaaaaa Member Posts: 2
edited October 2015 in General
My dad is buying me a car. His credit score is around 600-650 and he's cosigning the car but I'm doing all the payments. We're looking for a car under $7000 and I'm not sure what car yet because we have an appointment at a dealership on Thursday. He wants me to get a car asap because he's tired of driving me around when he has his own errands to run. I'm not in a rush, he's the one that is. Wish me luck please! 

Btw If I didn't provide enough details, just ask because I wouldn't know what information that I'm missing.
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Answers

  • benjaminhbenjaminh Member Posts: 6,739
    That shouldn't be a problem. Any kind of car you have in mind? Hope it goes well.
    2018 Acura TLX 2.4 Tech 4WS (mine), 2025 Subaru Outback (wife's), 2025 blue Outback (grown kid 1), 2018 Honda CR-V EX (grown kid 2)
  • carboy21carboy21 Member Posts: 760
    Go to Carmax, you will tons of choices under one roof. In fact you will have a hard time deciding which one. Money has no name on it. Anyone can make a payment for you including your dad :)
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