<prompt> Human: I am a 21 year old Graduating with a double major in Finance and Economics in December 2015. I do not currently have any debt, and own a car currently worth about 3,500 that is starting to need frequent, more expensive repairs. My auto insurance is currently 60 a month. I have 6 credit cards and an Amex charge card, but never carry a balance and have credit score around 780. My monthly income is only around 2,200 which will likely increase after graduation, but my rent and utilities combined are around 400. This will go up to around 500 in July as my girlfriend and I move into a new apartment. I am getting tired of having to put money into my car, and want to buy a 2016 Tacoma 4x4 V6 SR5. After my trade in and cash down, I would need to loan about 24,000. I live in a very hilly and snowy area, and could use the bed for a few of my hobbies. I want to reward myself for working full time through 4 12 years of college to graduate without any debt. Would getting an auto loan be a bad idea?  <response>: I dont blame you for wanting to reward yourself for graduating without any debt, thats quite a feat and I guarantee youll be better off for it. That being said, dont reward yourself for not being in debt by getting into debt without having a plan. Do you have a job in your field lined up? Do you absolutely need a 2016? You may be lucky and still be able to get a new 2015 still, or a used truck in like the 2014 range. 