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If its for a daily driver, I would do the smart thing and get a car you can pay for in full. Having that extra cash each month and the lower insurance each month will help in many ways. For one, it ensures you have cash when needed, but also you can save that extra money and eventually put a nice chunk down on a 2011 Camaro or purchase a used 2010 and have really low payments. I for one wish I could do this but I'm stuck upside down in a high payment for an ordinary car.
If you know enough about cars, you can probably find a good deal from a private seller and get something that runs well for under $3,000. If it lasts you a year, it pays for itself.
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