<prompt> Human: When I say comfortably, I mean what income level should I be in to get a car worth 50K-60K and still be considered to be living within my means? Ive had my car for 8 years and plan on getting a new one within a year or two. And Ill be honest, I kinda want to treat myself... Im looking at used Mercedes AMGs that cost around 50K-60K and Im wondering if its completely foolish for me to even consider this option at my income level. ---About me: salary: 110Kyearlocation: Dallas, TXdebt: none savings: 70K home: none... rentingsingle, no kids---After all my expenses Im saving around 1000week. I could technically get a 50K car and pay it off but I dont know if its stupid for me to do that when Im not even a home owner yet. I really want that mercedes AMG while Im in my 20s, its like an adults toy. Or maybe nice cars are only for the super rich and I shouldnt even fantasize about it?But with my income level, what is the max I should spend on a car that is considered to be within my means ?ThanksEDIT-- This has been a great discussion and Ive learned a lot which helped me put some real thought into this decision...a big THANK YOU to everyone who replied, but please feel free to add more inputAssistant: My opinion is that it needs to be a combination of income and wealth net worth level. My general rule is your cars total values should not exceed 50 of your income - so a 50k car on 110kyear isnt crazy talk.However - cars are guaranteed to depreciate, so when we get into the range of luxury and toys I wouldnt buy one, regardless of income, until my net worth can just absorb the depreciation. The 50k you sink into a car today is money that cant be saved and grow for the future. Thats a big deal when that 50k, used as investment seed money, could grow into a crap ton in the future.Id wait to get to the point where my long term investments are already on track and I dont mind eating the depreciation and opportunity cost. There are tons of fun toy-level cars you can find for much cheaper.Human: Thanks for the non-if you had to ask then probably no response. And what you are saying makes sense Thats a big deal when that 50k, used as investment seed money, could grow into a crap ton in the future. How can 50K grow into a crap ton in the future? Ive been trying to find way to make my savings grow but every option I see is slow, insignificant, marginal growth. My 50K will get make 4K in a year at best with the kind of crap interest rates you get in America... at that point I rather just have fun with the money Assistant: This reminds me of something my father said. The guy with the junky car has more money than the guy with the fancy car.Human: Haha, thats funny because it applies to me and my friend. The reason Im even thinking of a Mercedes AMG is because Im envious of my friend who just got a Porche. He makes around the same as I do but he just got a brand NEW porsche... he is leasing it for about 700month maybe more. It sounds ridiculous and he has no savings like I do. But the car is so nice and Im really envious of him... when we go to a club with his car and do valet service women notice, and they find him inside. I wanted to feel like that too for once Assistant: Why not just consider getting a 1-year old previously leased AMG and save a large amount of money.You should be putting all of this monty into IRA Brokerage accounts and investing - you are easily on the path to being able to retire within 10-12 years. Come check out rfinancialindependence Human: I wouldnt get a brand new AMG... Im looking at used ones that would cost around 50K... which were probably like 70K brand new You should be putting all of this monty into IRA Brokerage accounts and investing - you are easily on the path to being able to retire within 10-12 years.On the path to retire within 10-12 years? How did you get to that, I dont see that happening at all  <response>: German cars also have massive maintenance costs, and are even more of a ticking time bomb if they are outside of a warranty. My wifes 2006 Beetle needed a new transmission for 7000. I had purchased an extended warranty from USAA to cover that year thankfully. Even minor things are crazy expensive. But the day the warranty expired, we were car shopping. 