<prompt> Human: I am basically getting tired of my current car not in the best condition which I share and would like to get a newer car in the price range of 23-26k. I currently do have 24k saved up and make 43k per year. This car would be an occasional to work car I take the train to work 90 of the time but mostly used just for errands and weekend things. Tell me why I should not be looking into buying a car with the above noted price range and what I should do or if what I am looking to do is perfectly fine without future financial consequences for myself being that I am still in my early to mid 20s.  <response>: Tell me why I should not be looking into buying a car with the above noted price rangeYou are buying a car that is 50 of your yearly pay. Also, you will not use it much meaning it is a luxury not a necessity.That money would be much better served in retirement accounts. At 24 that will give you a great boost in your long term savings. 