I agree and you have valid points that I have also considered. However I am in a rock and a hard place. I have a disability - one metric of needing a car.
The car loan is not a 'new car' but used in the cheapest car class. ( I realize you may have meant new as in 'new to me')
With half down, I'm looking at a payment of $80-$100 a month. That may change when the hard pull is done...
Putting half down is a gamble because of what you said about the unknown happening that the amount could be needed for.
How did I get it? Once a year there is a festival in which I can rent the house for $1k a night. the car died during that week.
I have some small income a month on top of the renters from a contract job.
I weighed the cost of other transportation (uber, car2go, bus, train) given my conditions and that would be close to $300-$400 a month.
The job situation should be promising, there's not enough code writers for the market but the first junior job is the hardest to get. With a job I intend to put half my income into the debt and I'm not opposed to driving beaters as my last car was 20 years old. the transmission and oil problem costs more than the worth of the car. I found out about these problems 2 years ago when my situation started and did not rush to buy a car with the intention of riding it out until the last leg. That leg has finally broken and I got two years out of the car without spending a dime.
Thanks for rooting for me!
I'm rooting for societies who's values don't leave people in a lifetime of debt for education and healthcare. They exist , but unfortunately I'm stuck in this american one.