So I’ll keep this as short as possible while still providing the details needed(let me know if I missed any) I’m a couple years out of college(25M) and my first car that I got when I was 16 is about to die. I have been making good money since. About 145k total comp now and very grateful for it(Engineering).
I have been very frugal my whole life and never really bought myself anything over a couple hundred bucks. My total monthly expenses are a little under $2500 right now (LCOL city in Midwest with roomates)
My dad taught me all about investing from a young age so I have about 100k in retirement accounts and another 100k in savings/brokerage accounts.
I want to spend around 40k on a car I love but not sure if this is a good idea(obviously I know financially it’s not) but I feel like I have the money for it and would keep it for 10+ years. It would be a Kia stinger which have good reliability and much lower maintenance/repair costs compared to a German car.
Obviously I don’t need the car and the saved money would grow over time if I got a cheaper car. I’m just not great about ever enjoying the money I do have as I was raised never to spend money.
Would appreciate any/everyone’s opinion here. Thanks!
P.S. I thought about getting the same car 6 months ago, then backed out, and here I am again wanting to buy it
Edit: I appreciate all the replies. Aside from most people being confused why I would spend 40k for a Kia which is besides the point lol. If anyone cares it is the top end trim in a limited color/interior package.
Something like this: https://www.carfax.com/vehicle/KNAE55LCXP6125778?no_ul=1