@trumpet-205 wrote:
Another benefit from buying used car is cheaper insurance and taxes. Have you considered how much it would cost annually on your insurance and taxes (new vs old)?
To be honest given your credit history even a cosigner would not help much. Unless you have the means to put down large down payment I would not even consider a loan. Just buy a cheap $5000 car for it right now, then save the money for future auto shopping. By then your credit report should improve signaficantly and allows you to secure a fair loan.
Fortunately taxes are the same for some places no matter what. I used to live in Kansas and hated that I had to pay property taxes on my car every year. Fortunately I only had used cars there. Here in PA, everyone pays the same $36 each year to register their car.
