<prompt> Human: I know I am in a very fortunate position, and I am thankful for that. I have been working hard for all my life to get this start, and I want to reward myself for finally accomplishing a lifelong goal.Cars are my life and Ill be driving a lot for my job. How stupid is it for me to spend 30k financed on a car? I currently drive a piece of shit that I bought in high school, it may have some residual value. Assume I have no savings, but my credit rating is decent enough to not get murdered on interest. Besides rent, this would be my only major monthly expense. I will definitely be maxing out my 401k match and put some towards an IRA each month.  <response>: Assume I have no savingsNo! You dont want to buy a 30k car and then get laid off the next month. Always have an emergency fund as your first priority!Once you have that, then evaluate your budget taking into consideration the cost of the car, the increase in insurance costs, possible increase in gas costs if its more sporty and less fuel efficient than your current car, as well as increased registration fees. Can you still afford your life with that? Are you putting away 15 for retirement? Can you also afford any other savings you want - for a house, for travel, etc? If so, then you can see if you want to proceed. I still dont recommend ever financing a toy, but at that point it would at least not be a total financial disaster waiting to happen. 