Firstly, 100k with the least payments possible at my credit union (lowest interest rate and longest term) would be almost 1300 a month, there's no way to hit 1000 on a 96 month loan even if your interest rate was 0.1%. It would absolutely have to depend on the down payment, and people who barely make enough to have a car payment that large probably can't afford a high down payment in the first place.
Secondly, that's just stupid. I don't need to spend that much on a flashy car just to boost my ego. Give me a decent car with good/useful features for 20k and I'll buy it...which is what I did. I'm cool with 325/month for a payment thanks. I'll spend my extra money that's not wasting away on things like a big ass TV and music equipment.
Besides, my hatchback can outrun most of the "sport" cars around here...not because it's faster mechanically, but everyone driving around here is a friggin' wimp. They'll put on a burst of speed to get in front of you then slow down so they don't get pulled over...I say **** it, and pass them myself going 75-80 all the way to where I'm going. Do it every night at work for my lunch break. It helps to know where the cops hide.
