You might want to reconsider that, kis.
The payment on my Lexus SUV is $475/mo.
Insurance is about another $180/mo.
Add in gasoline, repairs, and routine maintenance at $300-$500/mo, but sometimes more if it's a costly repair.
I had recently buy tires for $800 a set (odd size, they told me) and replace the oil sending unit for $900. Foreign parts kill ya.
Then there's parking which varies wildly from city to city.
I'm lucky, my job pays me a nice car allowance, all fuel and all parking, but I can only imagine what monthly parking rates for work are in NYC. Probably astronomical.
Also, my HOA charges me $500/year for the privilege of a gate pass sticker to get past security and to my house.
So all in all, public transportation is a great bargain.
Unfortunately, with my job it's not an option.