Actually smart advice above - car payments are conditioning people to “accept” living paycheck to paycheck by the financial institutions.
The more we spend - the better the economy and the better banks do. If there wasn’t an incentive for them - they wouldn’t be loaning money (even with interest).
Everyone blames car dealers - says they are out to “trick” the customer - I’ve seen it and call BS on that - like I said my old job had me in an office at the used car lot. Saw it MANY times - customer would come in - in unexpected need of a car as theirs had something happen like having been totaled. They had insurance check for say 8k - so would go out to a salesperson who would say - ok, well we have some nice very reliable Big 3 cars or if you don’t mind going without some tech an older Japanese make.
Customer then looks around the lot - says yea, that’s nice - but how about that 18 year old 3 series BMW or that Mercedes SUV with 260k miles - how much would my payment be with 8k down? They’d try to steer them away - reminding just because you can afford the payment doesn’t mean you can afford the maintenance much less when something big fails (and forget an extended warranty - dealer would love to sell it - but they are as much as the payment so doubles the price).
People have shown time and time again - they will pay for fancy features they will never use in general. How many 4WD trucks on the road do you see - how many you think ever had the 4WD engaged on them ever ? How many freaking Audis and Subarus have the stupid “Ski Package” ? We pay to look like the ads we see - then question why we are broke. Trying to fit an “image” - no different than how big tobacco created a generation of smokers between 1950-1970 with ads showing cowboys, playboy types and models lounging and smoking.