<prompt> Human: Im a 28 year old techie who just got a promotion and want to splurge for a new car. Im currently making around 175k 25k in stocks. I have no outstanding debts and have around 90k in the bank, and am already maxing out my 401k. With a take-home pay of around 6kmo. and current apartment rent is 1400, I was thinking of going for a Porsche Macan S for around 60k. Id be willing to put maybe 20k down and finance the rest, so itd be around 700mo in car payments insurance, gas, etc. Should I wait a bit more get something maybe in the 40k range instead?  <response>: Absolutely not, you should be driving a 5k beater. Really OP, you know the answer to this so no need to humble brag on rpersonalfinance. Buying a 60k car is never a smart financial decision, but obviously someone making 175k with 90k in liquid cash can afford a 60k car. I have a hard time believing someone at your income level didnt know that. 