Do you actually need a new car? Or do you just want BrightShinyPretty?
If you actually require a replacement vehicle, your choice isn't a horrible one. The used car market is absolutely ridiculous right now, so new may be the more prudent long-term choice.
If you do not require a replacement vehicle, then yes, it is a horrible idea. Part of that is because, as noted above, this is an absolutely terrible time to buy a car because of ongoing supply-chain issues. But a larger part is because you are looking at the car to satisfy something other than a transportation need -- you're bored, or you want something that tells yourself or your friends that you're "successful," or you want to feel better about taking a paycut by reassuring yourself you can still have nice things, or or or or . . . . The problem with that is that any purchase is just a stopgap -- it's a quick dopamine hit that makes you feel immediately better, but that underlying emotion is still there, so once that feeling fades, you'll need to do it again with something else -- and usually something more expensive still to get the same kind of emotional hit. The more effective way to manage yourself and your spending is figuring out what the actual emotion is that is pushing you to buying the car -- what need is not being met -- and figure out a less-expensive way to meet that need. Your emotions and needs are completely valid, and you should absolutely be doing what you need to to meet them. But spending money on a Thing is a distraction, not a solution.
One thing to keep in mind is that you can have many things you want, but you cannot have everything. No one can, no matter how much money they make. You chose to buy a home -- yay for you! You chose to take a lower-paying job for your own well-being. That was a great choice to make! But those choices mean that something else has to give -- specifically, either you decrease your lifestyle expectations, or you extend your time to FIRE. So, yes, you can "afford" the car you're looking at, for sure. But how many more months -- or years! -- will you need to work if you devote that much of your assets/income to a consumption item? Is something that's going to be ShinyPretty for a few months or a year worth that extra time?
Now, if you're a car guy, my answer might be different. Most people have a "thing" that they are irrational about, and that's ok; the key is to figure out how to fit that totally irrational lust into your larger plan so it doesn't distract too much from your other goals. Cars are my weakness (well, one of), and I have a StupidCar for which there is no possible legitimate justification. For me, it's worth it; I saved for many years, met all my other priorities, and I absolutely enjoy the hell out of driving it every time I start it up and put the top down -- hell, even hearing the engine turn over gives me a little shiver of happiness. But it's also a decision I made intentionally and planned for for a long time, with full knowledge of the tradeoffs involved. I mean, I'd also love a stone patio with a big stone fireplace/pizza oven/grilling setup and a screened-in porch, you know? I just don't want them as much as I wanted that car. So I have an awesome car and a $250 Ooni pizza oven sitting on my deck on a $150 stainless-steel work table, next to my Home Depot fire pit and comfy chairs for making s'mores. I have the specific thing I care about the most, and the other stuff I have "good enough."