So I just wanted to add this thought with all of my other thoughts on financing a car.
Normal car loans last around 5 years. Your more expensive cars in the 30k range are probably around 72 to 84 months (6-7) years. Before you purchase that vehicle ask this question, can I really afford this for 5 6 7 YEARS. So many things change in that amount of time. Families grow creating more demand on your finances. Your payment doesn't go lower. Remember your paying that 600 dollar payment for the next 5 years. Most often your payment just barely keeps up with the value of your car so by the time you own your 35 THOUSAND dollar it's value will drop to less than 10 thousand. If you add Princable plus interest plus insurance payments you've paid close to 45000 and it's only worth 10!
The other argument I'm hearing is,that the economy is doing well. Uhm well it's not. I've been arguing for a while all of those numbers you are seeing from your house prices to your stock prices are inflated and can easily go down. The economy is not doing well interest rates will go up eventually.
Again do yourself a favor and keep your auto loans at 5k or less and that's only if you have to.
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