<prompt> Human: Hi all, thanks in advance for any help. Im 22 and gross about 50k a year. I live at home and have zero expenses. I also have save about 45k. My current car was gifted to me when I was in high school and is on the outs. My ideal truck would be a 2016 Chevy Silverado. I went to the dealer to look and the MSRP on the truck is 42k and they are willing to sell it for 32k. After taxes and fees it come out to about 34700. Assuming I put 5k down my monthly payment would be around 490 for 60months at 3.9. Insurance would cost me around 160-180. Assuming I keep this truck for a minimum of 6 years is it an okay purchase?  <response>: Is it possible for you to own this? Yes. Should you? No. No need to buy a car that costs a years worth of pay which it does after you factor in income tax, sales tax, insurance, etc.. Buy a used 2012 truck that has 50k miles on it for 15k and pay cash. Youll be just as happy and save 30k in cost. 