<prompt> Human: Here are some quick stats:Age: 24 Income: 61KYr Savings: 20K Rent: 1000month Debts: 0Actual Details: I live downtown in a city with a terrible housing market for buyers, and quite frankly am not interested in buying a house any time soon. In addition to having 10 of my income go to my 401K, Ive been able to save 1000 month since I started working over a year ago. Ive driven the same Toyota Camry for 8 years since I started driving. Im a car person. I had the opportunity to have a Corvette for a week about 11 months ago, and not a day has gone by since then that I havent thought about buying one. Fortunately for me I work for the manufacturer, so Id be able to obtain a generous discount, and a good rate on a loan, putting the car somewhere between 55-60K after all is said and done. I realize not everyone is a car person and a Corvette is going to seem extremely frivolous, but the want has just not gone away, and its been a year. Why should or shouldnt I buy my dream car right now?Edit: I really appreciate all of your words and concerns. I had no idea this sub was so active.2nd Edit: Again, I really appreciate all the responses. I had no idea Id get more activity than all of the other threads on the front page of this sub right now. Somewhat baffling, even. Keep in mind that Im not going to buy this car, nor was that my intention. I came to ask a question, and Im getting responses, and I appreciate it.  <response>: You cant afford it.Lets say you get it for 60k and they offer you a 0 interest loan. For a 5 year term thats 1000month.Fine, you can pay that. But you cant buy any more gas than you currently do, and your insurance rates will have to stay the same. Maintenance and tires and all other car associated costs will have to remain at aging Camry levels. That seems unlikely to me, and youll be living your life at the whims of fate.Ok, say you get a good deal and its 55k. Lets say you run the loan out to 8 years with a 3 rate. Now your payments are 730month. Will insurance, extra gas money, tires, etc cost less than 270month? Even if it does, youre living on the bleeding edge of what you can afford.Further, this entire discussion is ignoring the fact that youre only putting in 13 of what you could be putting into your 401k. This extra 1kmonth youre itching to spend ought to be going to your retirement. assuming thats a life path you desireI think its much more practical to continue driving your Camry as long as you can. Go rent the corvette you want for a few days to get some of that fix if you must, that would be more practical than buying one. 