I have commented on the problems associated with car payments before. My take can be summed up in a few words. "Let go of ego". Sure a fancy new car smells good and in some cases gets you notices at the stoplight, but often it wreaks havoc on your budget. I found a terrific short article today written by an "auto journalist" i.e. someone who writes about cars for a living. Her take on the new car problem is interesting and in my opinion spot on. Read it here.