I hate car payments! For one thing, a vehicle depreciates immediately the minute you drive it off the lot. For another, if you find yourself buying a brand-new car every few years, you have doomed yourself to never-ending car payments and the debt that comes with it. And I better not find out that you are LEASING a car every few years, or man - I will hunt you down! Do you really need that new car every few years? Or would you rather take that car payment and turn it into a "vehicle" (pun intended) where you are paying yourself each month? One of the ways that you can pay yourself each month is by not going into debt. My philosophy is that once you have saved that emergency fund, start saving up for expenses like this where instead of buying a brand new car (and taking on car payments) every few years, you pay cash for a really good used car, keep it well maintained, and make it last for a while. Since "retiring" from my old 9-5 job, my n...