I would say simply do not buy or loan out any item that you can not easily afford the payments for. If your making 8k a month lets say & have a 3k mortgage another 2k in random bills & food & such you don't then want to get a 2k + loan car of course. Nothing is wrong with getting a loan on part of a new car of course but only if you can easily afford those payments & it sounds like your saying it might be a struggle to do so & would be taking up all your free money & you would not be able to really do anything else but pay for that & bills which if that is what makes you happy go for it but I would not. I would wait until you get your income up to where paying that 2 - 3k payment each month is nothing to major to you & you can easily afford that or you can also just buy it outright if you want as well.