I have alwya thought to myself that you will eventually save money but it wont be for awhile. Considering you now have another monthly car payment, full coverage insurance, pricier plates and tags and you just took a huge chunk of change out of your pocket once you try to sell it. For me I would try to buy something used taht gets good MPG that you can pay off alot sooner than a new car, unless you are buying and paying the entire balance at closing. Just my 0.02!!!