[Audit Staff] [New York, NY] - $80,000 per year

I am currently 20 years old, entering my final year in university, and I am set to make $80k/yr starting in 2027 (I will be 22). I will have no major expenses for the next 5 years, besides my student loans.

With that considered, I was wondering what an appropriate price to spend on a car would be, and when would be a good time to buy one. I have never had to finance anything before, so I am unsure of what would end up being the best option for me going down the road. I know some people with a similar salary who are going out and spending 35-40 grand on a new car, and they are already in a bind financially because of it. If anyone has opinions, please share.