My 09 WRX car payment is $484.06/month which is $27,008 over 60 months at 4.9% through Subaru financing.
Of the $484/month roughly $380 is going to principal and $100 is being wasted on finance according to my statement history.
In the example below he is renting the car for $435/month which is all wasted. He's not building equity, no nothing. My ownership plan above I'm only wasting $100/month.