<prompt> Human: Gotta finance.New or used is the question.Want a monthly payment of less than 300monthWent to dealership, range of 16,000 newused. Gets me to 250month for 72 monthsKnow I am gonna get fucked with APR for a period of 72 monthsJob starts monday. I am renting a car for the week so cleared there. Have read some earlier posts. 20 rule, arguments for buying newused. Used scares me because of mileage and depreciation. Did some searching around for car insurance as well, looking at 700 a month between car payments and car insurance. Is this alot? Need someone to bounce Ideas off of. Edit: So am I crazy for looking at financing for 60-72 months? I know the interest is gonna drop an extra 1k a year. But I think I have a stable job with room to grow.  <response>: 72 monthsNO. Under no circumstances do you do this. Focusing on monthly payments alone is precisely how you get stuck with devastating payments you cant afford. Go to CarMax and look for cars in the 8,000 - 10,000 range and put more down, if you have to. Do not finance cars for more than 3 years. looking at 700 a month between car payments and car insurance. Is this alot?Its alarming. Its nowhere near acceptable. Do not buy a 16,000 car. 