<prompt> Human: I am wanting to buy a new car and willing to spend up to 500 a month but want to know if this is feasible given my salary. I am 29 yo, single, home owner.Salary 73k yearMortgage 1100 monthOther bills 700 month gas, electric, water, etc.My current car is paid off. Worth 13-15k if I sell it private party. Savings 10kRoth IRA 10.5k401k is around 30k if I merged them all together. Im wanting to buy a nice luxury sedan, used, anywhere from 30k-50k and putting down whatever I can get for my current car and whatever I can save up over the next 6 months. Ideally Id like to save 1k a month until then towards a car. So...what do you guys think?  <response>: 10 of your net pay maxEdit: aka at your salary the car you are proposing will make you look rich to all your buddies, but poor to your financial advisor. 