PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
How much should I save up to buy a Honda Accord?
I turn 18 in a few months. I want a Honda Accord since they're reliable, according to my dad. While I have a job, I only make about $900 a month after taxes. I also only have about $400 saved up. How much should I save up so I can buy a car when I turn 18?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“If you’re talking about financing a car, you probably don’t have enough income for approval, and since you’re 17, you don’t have any credit.
The only way you’d get financing is if your parents decide to cosign, and even then, you may not get approved. If you do get approved, don’t forget that you’ll need full-coverage
car insurance
, which can cost $400 or more per month for someone your age. At your age, the best way to get a Honda Accord is to start saving money now. Then, find an older model and pay cash for it.”
View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies