<prompt> Human: I am a 2nd year college student taking 12 hours of classes per week. I make roughly 800-1000 per month. Would it be a bad idea to take on a car payment of 200month for 4 years? I have no debt and my parents pay for my gas, so I really have no other expenses and most of my money is saved.  <response>: Is this a want or a need? At 1k monthly income one should try to cut out as many wants as possible. Also, who will be paying for insurance? 