Smart idea or no?

Alright guys so I’ve been owing a little 2011 Scion xb toaster car for a couple years now and I’ve been looking at getting a 2023 m3 comp, there’s a bmw dealer by my apartment that got one with 63k miles for 58k, need sum real advice on pulling the trigger on getting one.

And ima be honest wit yall I’m only making 45-50 thousand a year, how bad of a move is this, financially.

But man I want something that ima enjoy for a very very long time, should I wait ? Also just turned 24 a month ago

Appreciate any advice I could get !