<prompt> Human: I graduated from college earlier this year and I found a job finally. I am very lucky in having found an excellent job, and in an area that isnt expensive to live in. I dont own a car and have borrowed my moms for the last 7 years. I dont know how much I should be spending on a car, but Im making approx 11,000month before taxes, and will be relocating to North Carolina in about 4 weeks. I also have about 10,000 saved for a down payment. Is there a good rule of how much you should spend on your car, like 5 of monthly income or something? Thanks!  <response>: Since it is a new job, I would just buy a beater with a heater to start. Seriously, spend about 3 - 4k pay cash. My reasoning is as follows, you just got a new job, so you have no stability yet. Hell you may hate your job, not like the company, plenty of things to go wrong.Use this car for a year or two, save, save, save. Once you feel comfortable moving into a new place, with your new job and have banked a ton of cash. Then consider your options. Nothing worse than getting a large car payment and boom, no job with little to no savings. 