'Underwater' car trade-ins are at a 4-year high: What that means when buying a new vehicle

[Johnny2X2X]

4. Rear view camera and cruise control

Basically all I need with A/C and phone interface.

My cars are fine, well maintained and good on gas. Reliable.

I just never saw the logic in spending so big a portion of my take home pay non a new car. And that's the thing about it, i know people making $50K a year with a $500 a month car payment.