So let me get this straight. You:
- Just graduated from college
- Have only been at your current job for 1 month (likely your first real job out of college too)
- You have student loads
- You have Credit Card debt
- You do not pay rent because your buddy lets you stay at his house rent free (which might change suddenly)
And on top of this you want to commit to a $17K auto loan at 13%?
Really?
Stop, and think for a second of what you about to do.
[...]
You already have a beater that drives, doesn't matter how old it is. Buying new car just because your current one may break down is not worth taking a huge loan at 13%. Nevermind that you're buying an unreliable econobox FIAT that gets crappy mileage on a premium fuel.
The best course for you if you really want a new car is to tough it out and continue living on college budget for 6-9 months and pay for your next car in cash. Since you're living rent free, this allows you to save money at a much faster rate, depending on your take home pay, your student and CC payments, and how much you go out, you can save $17K in 6-9 months. You will be a little bit more established at your new job, and you won't have to pay crazy 13% rate.