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I've owned 19 cars to date and I'm 30 years old. I currently drive a 2008 Suzuki that was not expensive, but worked as a good temp car until something good came around (i.e. Camaro). That car is already paid down to where I would break even if sold today. I have made some mistakes in the past, but have never let my credit go to down the hole. I have financed at least half of those cars owned and never had an issue with that. I plan on putting at least 20% down payment on my 2SS and will be financing the rest. I do not agree you need to have financing lined up at this point as in my experience getting the loan is the easy part.

Nobody should be knocked for relying on a loan for a new car. This is how banks make money and as long as payments are made this is good for economy. If you cannot afford your payments then I agree you should not be looking at a Camaro right now, but even those pre-ordered cars will be sold to the next lucky person so no harm no foul.

BTW those who claim income of 100k+/yr I am not sure why you are even involved with this discussion. You make far above the national average and a Camaro payment even fully financed should not impact you. Unless that is you've made some poor decisions and have all your money tied up through other loans. I only bring 50k+/yr personally and I have a mortgage to make. Luckily I have very little other debt so I can swing at fully loaded top of line Camaro. If I can do that with what I make then come on people you've got it easy.