r/personalfinance•
not2slo

Did I screw up by buying a car at 22 in HCOL area

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Hey. Graduated college recently and going to be in a HCOL area paying approx. 1900 in rent.

I love cars and decided to purchase a vehicle that will be 545 monthly. Unfortunately, I underestimated what the insurance costs would be and am looking to pay around 360 monthly additionally.

With a base salary of 110k and EOY bonus amounting to a TC of 135k, am I going to be screwed financially?

Posted Jul 9, 2025, 11:21 PM UTC

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