In this economy an Auto Loan might seem like a luxury when in fact it makes total sense in most circumstances. If you think about how much work you put into your old car and had up how much that actually cost you then you will probably be completely shocked at how much you spent. Rather than continuing to dump money into that old jalopy you should just go out and get a more reliable car. It doesn’t necessarily have to be brand-new to be dependable. Just make sure it comes with all of the service records so you know that it has been taking care of.