I love the last comment. LOLSeriously, a clown I work with has a seven year loan on a Silverado that he drives around empty. Crew cab, of course, even though he has no "crew".
I am too poor to make car payments to end up paying a few extra grand in interest. I have to pay cash for my cars.
I worked with an idiot who had nothing but ongoing car payments, from one car to the next.
So I told him, once your car is paid for, open up a spare bank account...call it your car account. Now deposit the same payments you made the last 4 or 5 years into your car account and when your car is 8 or 10 years old, you'll have enough saved up for your next car. He said he couldn't afford to do that, yet he can afford to make car payments. Duhhh...