It's true. Unless you need a car immediately and can get a very low interest rate (which is hard to do). I needed a car to commute to work and school and didn't want to have to worry about breakdowns. Luckily I got a good used car (already lost the depreciation value) and I'll be spending only ~$230 on interest, compared to the $1463 because I'll be paying it off by August (7 months of interest).
I love math (to some extent). Also, MATLAB is just fun to play with in general.
I did this because I was trying to figure out a discrepancy in the interest that the bank had charged for one period, and the whole thing kind of snowballed from there.