I say buy it. I bought the cars I could afford and always wanted when I was younger, namely MG's. No NSX but great for the city and cool if you ask me. I've went through this conversation recently with a friend of mine. I bought a house in law school, and then a rental house that was finally rented out after I worked on it for almost 6 months. My friend lives in an apartment. He had a '98 Mustang GT. He loves Mustangs, and ordered an '05 GT convertible. Its a great car, not for me but perfect for him.

So, here I am with equity out the yazoo and a couple of beat up old cars. Here's him with no equity and a major loan and a major payment and a convertible with no garage to keep it in. I told him the same thing...why don't you buy a house and then start buying cars if you really want one. Or, wait until '06, and buy the '05 for a lot less. He wouldn't have it. The bottom line is neither of us is happier than the other. If you have the opportunity to get something that will really make you happy then go for it. The thing is, what really makes you happy has a way of changing over time. I'm still looking for a 944 turbo-my dream car for less than 10K. Thats my personal limit for a car-any car.