But break it down even further, that 60 a month breaks down to like 15 bucks a week..I know people who blow that much on coffee, cigarettes or what not with no problem.
I look at this way, if $15 bucks a week extra is going to break you, you have to reexamine your prototiries in life.
Then add in the effects of getting a new car, esp if the old one is pay off, and your going to be spending ALOT more then that $1200 bucks a year saved in fuel.
The only way it would make sense to get a new car is if your spending more then say $500 a month on gas to work...but thats a whole another ball of wax there.