To me, everything is in percentages.
If you're making $2k/month, then 700/month is too large of a percentage.
If you're making 7k/month, then 700/month isn't an issue considering you have no other responsibilities or real liabilities/debts/etc
if you're making 14k/month, even better.
and so worth.
I wouldn't s/c it though. Too much of a liability as well as an upfront cost. New/newer= longer warranty as well so less headaches.
All depends on what % of your income it'll take away and how much it'll impact your ability to save/invest/enjoy elsewhere (since a car isn't everything)
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