Believe me, I get it…it is easy to get caught up in the phenomenon of the new car smell. You saw a car that looked great to you, your old car is tired, and you want the latest and greatest new model out there.

You go to a dealership, take that test drive, and the love affair begins. You are blinded by they styling, the great stereo, all the safety features, new technology, and the fuel economy. You'll do whatever it takes to drive home in your dream car. Does that mean you'll sign a 7-year legal, binding contract so you can afford the payments?

If so, you are not alone-but remember that misery loves company. A new Experian report tells us that in the first quarter of 2015, almost 30 percent of people (29.5 to be exact) who financed a new car financed it for 73 to 84 months. I would have never thought that would happen, and signals a sharp increase from just a year ago.