That is a SWEET shade of blue. Love it.
...I've owned a fair mix of new / used vehicles over the years, but lately have trended towards buying new. I kinda just see it as a hobby at this point.
I consider enjoying cars a hobby in addition to just transportation. So contrast the car payment with what I spend monthly for something I only do on weekends a few times a month and it makes total sense to me to eat the payment for something I get to enjoy daily rather than just a few times a month.
Hell, think of what half of you guys spend on beer every month and I'd bet it's more than a $300 car payment. I can pretty much guarantee that 99% of you drive more than you drink, so...yeah.
As long as you're not sacrificing your saving / investing for the future for the car payment, I say balance it against your other hobbies and do what makes you happy.