This time two years ago, we were a two-vehicle family with finance payments of around $1,000 per month. As of November 2005, we still have two fully-functional, perfectly running vehicles and we owe $0 - Zip, Zero, Zilch. There's nothing magical to this success and we still have a long way to being completely debt-free (including the home mortgage), but we systematically paid off Lisa's minivan after 5 years and, with the help of our buddy Dave Ramsey , I saw the folly of keeping my SUV payment. I sold the Isuzu Rodeo, paid off the note and am currently driving a purple (yes purple) Ford Ranger that's been in the family for 12 years, but runs like a champ. Lessons learned: We will never again have a car payment. We will always save and pay cash for a car. We will always buy used from a private-party sale (better deals) Because: A car is not worth 5 years of debt. New cars are not worth the amount of depreciation 5-minutes after the sale. People really don't care what yo...