In short, no, you cannot in any way afford this car. Here's why:
First, at 18, you have neither the credit, nor the credit history, to get approved for this car. Second, banks loan money based on your "debt to net" ratio, which is how much you bring in, versus how much you pay out. They will not approve you for a loan in which the payments exceed 25% of your net (take home) pay. $10.50 per hour, times 40 hours, times 52 weeks, gives you $21,840 per year. Subtract 30% for taxes, and you actually make $15,288. Divide this by 12 months, and you average $1,274 per month. Your max payment based on this would be $328.50.
A 2014 Scion FR-S has an MSRP starting at $24,500. After adding tax ($1,960 - estimated at 8%), title and license ($490 - estimated at 2%), your total amount financed is $26,950. Your payments would be $545 (60 months at 7.95% - higher rate due to having little/no credit, first time buyer). In addition, you need to think about full coverage insurance, which would easily run you over $400 per month (most likely more). Gas would be around $250 per month (the national average). You also need to consider incidentals (oil changes, tires, maintenance, and upkeep), so let's estimate another $50 per month (minimum). You're already spending $1,245 per month, just on your car. Look at the bright side, though. After you pay for your car, you'll have $29 left over every month, for the next 5 years. Don't spend it all in one place.
Sorry, but the math just doesn't work.
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