Not being American, I would not approach it from a "here is how much I can afford per month". Doing the match backwards, you could get a $40K car with what you're describing. But since I assume you're young, be smart and get a $30K car. You can get yourself a very nice 135i and they are plenty fast. It will be relatively new, have low miles and probably CPO. What else do you want?
Whatever you do: don't overextend yourself.
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