|
I'm going to guess you're either in tech or investment banking, based on making that kind of money right out of college? You can easily afford it based on your income. So whether or not you can truly afford it depends on how much you have saved up and how much you spend on things like rent and student loan payments. If you lost your job and were out of work for eight months, could you still make your car payments and meet your other financial obligations? If so, I wouldn't hesitate to buy it now. If not, wait another 6-12 months, focus on building up your savings, and buy it then.
I bought mine ten years ago, when I was making about 40% less than you. But I had been out of college for four years and had been able to save up a decent sum of money. I also wasn't paying west coast rent prices and didn't have student loans. So I would advise you to look at your entire financial picture, rather than just your salary.
|