I was out at my neighborhood pool this afternoon and was talking with one of my neighbors. I noticed he had a brand new shiny Acura TL (my favorite car). I commented on how nice the car was and how much I wanted one but it was too expensive for my situation right now. My neighbor stated...my payment is only $750 a month. Needless to say, I was totally blown away and it took me a minute to recover. My car payment is $555 and I am still kicking myself for signing that contract. He stated he decided to treat himself and went out and bought one on a whim. He states his interest rate is only 1.9%. I asked why the payment was so high and he advised he thinks he may have been upside down on his trade-in. He had a 2 yr old SUV before so I can only imagine how upside down he was. I know he has a good job and makes pretty good money but for my situation, that is wayyyyyy to much for a car payment. My $555 is wayyyy to much for a car payment. As stated in my post regarding Mistakes and Corrections, this is one of the mistakes I made and am working to correct it.