Well its cool that your dad is paying the larger portion, very good idea.

I would. Insurance is cheaper. Insurance quote for a newbie ran $8,600 annually for me when i was 18 years old on a BMW 330ci. Brand new WRX ran $5,200 as i was quoted. My parents put down a deposit for a 1999 corvette and a boxster, but i couldnt get it ONLY because insurance rate was far too much.
Like i said in the past, the car can be paid off, insurance can't. So if you are just thinking about the total cost of the car to own it, think again.