<prompt> Human: Im 33y, my current car is old and about to fail on me, a 2001 Toyota. The total cost of the 2016 Lexus out the door is 40k.Im planning on paying this in cash, which took me 2 years to save. Current savings will be reduced by 50 after purchase I have no debt, and fortunate to not have to pay rent.I cant afford a house because prices are high. I do contribute to my 401k, I believe 4? Not sure.This is the only car that I want and plan on keeping until it doesnt work anymore. Is my purchase wise? What are you thoughts? Looking for some guidance.  <response>: Before you make a giant purchase, take a real look at your finances. It sounds like you make a decent amount of money but dont really know where all of it goes and comes from. Figure out how much you make a month, your budget, how much you are contributing to the 401k, how much you save for other retirement funds IRAs, and figure out a plan for your life. Its never wise to buy a 40,000 car. It can be afforded, certainly, but its not an asset but rather a luxury. 