I mean... Yes? There is no law saying you have to do this, but you asked the question.Shit I mean my current car was already vastly more than that lol. 3 years at no more than 8% of your income?
This is generally the advice if you're looking to be financially responsible.
You don't want to leverage a depreciating asset. It just doesn't make sense financially or mathematically. You leverage stuff that appreciates (property, business cash flow, etc.)
You're 35, do you have a fully funded emergency fund? How about two times your gross salary saved for retirement?
I know this is out of scope for this forum and topic, but don't "hate future you for making bad money moves and be totally screwed."