so you think having a car payment makes you more of a grown up?
With that attitude, you'll end up having so much debt that you have to move back in with your parents because of your car payment.
Then there's the folly of borrowing money on a depreciating asset...for the first two or three years of ownership, your loan balance on the Ranger will do good to keep up with the depreciation. If you think about 3 years worth of car payments just going into thin air and the things that come to mind are things like "Maturity", "responsibility", or "baller"...then there's no helping you. The smart thing to do would have been to buy an older vehicle that's already experienced the bulk of it's depreciation (2-3 years old is good). Now that you've already bought that new, the only reasonable thing you can do is to drive it until it gives up the ghost at 200k+ miles.
As a person who's had several car loans and more debt than I like to think about sometimes, I feel like I can give you some advice to help you out - but it's up to you to take it or leave it.
Sometimes we're forced to borrow money on things like cars because there's no other option. I have my truck payment because at the time I bought it, I needed a truck for home improvement projects, I didn't have much cash, and I didn't have the resources to fix a broken one like I am with this BII. I paid as much down a I could and flew to Texas to drive it 6 hours home to find a good enough deal to offset most of the interest.
Aside from the car payment, there's the banks requirement that full coverage insurance be carried on a vehicle they loan for. There's another $150 every 6 months.
Given the choice, I'll ALWAYS take the free-and-clear vehicle over the monthly cash drain.