<prompt> Human: Id like to purchase a 30k new car, below is some more information about my financial standings. Age: 29 Salary 60k before taxes - Steady job No debt. All student loans paid off, and creditcards paid off. 50k in liquid savings for a house downpayment 40k contributed to 401k, currently contributing 20 to 401k 25k in Roth IRA, maxing out 5500 per yearExpenses per month Rent 350 Insurance 100 Gas 150 Misc expensesbills 500 Brokerage index fund 200 Remainder will go into savings for downpayment for a house.Some context. My father is old now, 62 and his car is dying 2003 Pilot. He wants to purchase a new car, but Id rather give him my car 2012 Accord, so he doesnt spend his money on a new car. Whatever car I do purchase, ill drive it for at least 10 years.Would I be able to afford a new car? Or should I look for a used car?EDIT: Thank you all for the feedback! Ill most likely look into a 2-3 year old car, so Im not hit with that initial depreciation.  <response>: While I think you can afford it mostly because your rent is so low, I would still look at getting a 1-2 year old model. A 2016 model will be 23s of the price and will still be an _almost_ new car. 