should i buy this truck?

i seen a used 2001 gmc limited edition 2500 hd truck. the outside looks extra clean. it has 105k miles on it a 10in lift 20in rims dont know exact size on tires but they are big and 4×4. the owner wants 16,000 for it. and its for sale by owner. i work a little job and make a little over 400 a month. how could i buy it and would it be a good choice for me? im a junior in high school. and my parents could help me out a bit.

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5 Responses to should i buy this truck?

  1. Clay July 6, 2011 at 4:47 am #

    You should also consider that such a car may be expensive to insure. Check your insurance rates before buying one, for example here – carinsurance.yoll.net

  2. Chris July 6, 2011 at 4:47 am #

    No bank would approve you for a $16,000 loan for someone making $400. You would have to cosign with your parents and have a sizable down payment. Insurance alone for your age would be at least $100 a month.

  3. pickmefirstplz July 6, 2011 at 4:47 am #

    way to much money

  4. Otto July 6, 2011 at 4:47 am #

    You can’t afford to buy anything much less this truck. You couldn’t make the payments, insurance or gas costs.

  5. Dee July 6, 2011 at 4:47 am #

    no, expensive
    http://www.cars104.com