<prompt> Human: Im 20 years old right now in college working part time and living at home. I go to a community college that also offers bachelor degrees through other universities for a fraction of the price so I dont have any student debt and probably never will. My parents dont charge me rent as long as Im studying so the only major bill I have is my car loan. I make about 800 a month maybe a little less. I have a 2008 Honda Accord coupe V6 EXL so it comes with navigation, Bluetooth, leather seats, heated seats, power everything and more. It has 76k miles on it. I did a quick value on it online and it came out to 13.5k. I can probably get it paid off in about a year and a half and hopefully be worth around 11k at the least since Hondas dont lose a lot of value which I can use as the down payment plus what I can save up for the new car. I want to buy a car worth around 25k. My credit score right now is 760 and its just going to get better when I pay off my car, I also always pay all my bills never a late payment or an interest charge. I know just from a financial point of view it wouldnt be a good idea but I have a passion for cars its what I like. I dont spend money partying every weekend, or on drugs, or alcohol, I dont even go out that much. So I would rather spend my extra money and time on cars. So do you guys think I should do it? Thanks in advance.  <response>: Im 27 and make a 100k a year salary bonus plus rental income, and I drive a 6k car 2008 base model chevy impala. Just a data point.Here are some more data points:Collection of Car Loan Horror Stories from rpf 