E150 I understand what you are saying, but remember this the mortgage interest is where they rape you for real. Also interest can be a good thing at the end of the year for year ask your tax preparer. I think the problem with this thread is that we don't know what type of car is being bought!! It could be a used 2008. Me personally I am against renting a home, but if that is what you have to do then do it. Many will tell you buy a house. If you are paying $600 a month for rent and utilities are included, some will say you can buy a house for that much money a month. Truth be told you can but don't forget utilities, taxes, repairs and improvements. All I can say is spend our money wisely and take your time.