<prompt> Human: I want to get some thoughts on me possibly purchasing a Tesla Model 3 for 56k USD. I would also have to buy a reservation for about 2k to get the Tesla before December and guarantee 7500 tax credit. Or I can wait a few months and get the 3750 tax credit for this April tax season. Either way, Im such an advocate for electric and have a strong urge because of my love for technology and the environment. But I do know its a huge initial investment for a depreciating asset like a car but Id love to hear some thoughts on the matter considering my situation. Background: I am 23 years old, just got a position that will pay 80k first year. I think Ill get a small bonus within 6 months. Im an engineer in the tech field. I drive about 50 miles for my commute round trip every day in Utah.No Debt at all including school, loans, credit cards20k CashSavingsSalary: 80kyear annual increase of 4-6 per yearMonthly Expenses RentGasFoodMisc.: 1600Assistant: No. Thats a huge expense for your salary. You can get a 2015 Nissan Leaf for 10k at Carmax if you insist on an electric car. Human: Living in Utah I wouldnt feel comfortable with a Leaf in the snow. And I want a new vehicle not used. More context Id probably put 10k down and finance the rest for 72 months if need be.Assistant: I mean, this is a personal finance sub and there arent that many better ways to destroy your long term financial situation than buying an expensive car that is approximately all of your time home pay per year, since at 80k you will likely take home closer to 60k once you factor in various taxes. If this was rcars theyd be all over you getting it, but its not a great decision financially, especially when I think about how much your car insurance would be. Human: Thats precisely the objective response I was looking for and thus why I chose this sub. Thank you for your comment. Would my potential industry growth, me making about 120k in 2-3 years, and my age, change any of your thoughts? Id approximate with age and insurance and payments Id pay about 1200 a month for the vehicle.Assistant: That is a ridiculous expense. No offense.I am the same age, have no debt, and make a little over 100k, and I would not do this. I am all about taking advantage of a high salary and spending money on things and experiences that you enjoy, but you could use that money to save aggressively and still buy a nice, energy-efficient car.Human: Thanks for your insight. I really appreciate it. I think it is very high as well but it would be a bet on myself. I think from what I have lined up I could be making 200-250k in 3-5 years.  <response>: Bruh, in the op you listed 4-6 increase every year. In a comment you said 120k in 2 to 3 years. Now youve upped it to 200-250k in 3 to 5 years. 