<prompt> Human: First time poster and I am in almost desperate need of a new car and am making substantially more money than I spend a month and was thinking about buying a car between the 9-11k range. I make roughly 450 a week after taxes. I currently spend 81 a month on a gift for my SO that will be paid off in 5 months. Im trading in my current car for roughly 1100 when I buy the car. I live at home with my parents so rent is no issue at the moment. My current car will only last me for another 5 months at most. I was curious if you guys had any kind of information Im not already aware of. I know that my payments insurance included will be roughly 500 a month and I was wondering if this was at all a smart decision. Any information at all would be helpful, thanks in advance.  <response>: I know that my payments insurance included will be roughly 500 a month and I was wondering if this was at all a smart decision.Nope. Too expensive. Thats half your income.What are your goals? Do you plan on moving out? Going to school? Whats the APR of the loan? What about the down payment? Length of the loan? 