Uh, what? It's usually the opposite. For example my car's fuel pump died a few weeks a go. I wondered what I could get if my car failed catastrophically. So I was thinking I could get another piece of crap for less than 10 thousand, or I could make car payments on a car worth many times that.I'd rather wait and buy a car I really want then get stuck in payments for something mediocre.
Ouch!I bought a 3000GT VR4 which was $450/mo car payment and insurance was $250/mo = $700/mo and I was only making $1200 after taxes. What's that like 60%?