The used market is pretty rough and I don’t want to pay near MSRP for a used car. Is a 30k car (33-34 after TT&L) a stretch on a 120k salary? I would keep and hold for 5+ years. Very low expenses otherwise and no debt.

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Yeah that’s fine. Assuming it’s 33K out the door and new, you can typically get good financing deals like 0-2% APR and looking at a 600-700 monthly payment max. At 120K, your take home should be around 5-6K per month after taxes and 401K.

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Not a stretch.

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If it fits in your budget without you compromising lifestyle or savings/retirement then you’re good

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If you have $10-15k worth of trade-in + down payment, you'll be financing much less than that. Very doable on your salary.

Similar situation here. I have an insurance history from 2 years ago but it will still be steep

OP what state are you in?

IL

Lol I got a 40k BMW at 95k

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