How many times have you heard someone say "you can not live without a car payment" or "you will always have a car payment"? Typically a car is one of the most significant purchase you will make next to your home. But the car is usually the most significant purchase that one makes that loses the most value. When you buy a new car, you lose money as soon as you drive it off the lot.
Usually, I do not recommend buying a new car. A used car loses value as well, but if you save your money, you can afford to buy a car with cash and not have the need to for car debt. But wait, how is this done? You buy what you can afford. Yes, I know there is reason after reason why you may need to pay more. I can prove each and every one of them wrong. No really, if you save back, buy yourself what you can afford. Let's say you spend $1000-$2500, take what you would typically spend on a car payment and you pay yourself a car payment and before you know it you have enough in the bank to better your car later. Most of the time what you will find out is that the car you didn't thank would last very long, last a whole lot longer than you think.