[motorhead]

Originally Posted by ST1LE

The payment alone is not enough info to answer this question. The 20/4/10 rule is a really good one.

Put down no less than 20%.
Finance the car for no more than 4 years.
Your payment should be no more than 10% your gross income.

Just looking at that last one, as to me its the most important. You need to make $84,000 a year to justify a $700 a month car payment. All that said ONLY you can decide if that car is worth that payment.

How you feel is also very important. A large car payment gives me serious anxiety for some reason. I make a little more than I need to for a $700/mo payment, but anything over around $500/mo just freaks me out a little.

In the end, do what makes you happy. If you stress about the payment, no matter how much you love the car, you wont be truly happy.

Great advice.