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That price range is good. Yeah, don't go out and buy an $80K car.
Keep it within your means---especially starting out. Lot's of guys are buying cars that are way too expensive and become "automobile poor". If someone has a $1100 car payment and lives in an apartment...then they are doing it wrong. They can argue it 20-ways-to-Sunday and it still isn't going to make any sense.
Tons of guys I know piss away money on cars and Rolex watches without much else to show for it. Then they wake-up in their 50s and realize they have to work for another 20 years before they can retire--because they blew all their disposable income on toys.
You are doing the right thing with keeping the purchase modest. It's easy to fall into the spending trap when you are younger. Real easy. It also tends to go from Cars > Watches > Single Malt Scotches > Ex-Wives > HA HA HA
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