I realize there is no right answer on this, only opinions.

But if my only debt obligation is my mortgage, how would you figure the reasonable purchase price of a car? Are you prone to figure monthly price? Some calculation like (purchase price - sales prices)/Years between? A percentage of household income?

I ask because I plan on buying a car next year. And, even though I am in my early 30s, and decently-employed, this will be the first time I've bought myself a vehicle. I want a nice car. Part of me is justifying spending more and more. . . .

(I've bought at least 2 vehicles for my wife. Full disclosure - I drive a car she bought 15 years ago, before we were married.)