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Trust me, from someone who just made the transition--college, and working while in school, is nothing at all like working full-time and paying serious bills--especially student loans. Taxes and FICA are a BITCH (don't get me started).
You should have at LEAST six months of living expenses saved up before making any major purchases. Don't tie yourself into more debt so quickly. Why not save up for the car you want instead of jumping into debt and do it the old fashioned way. Besides, cars depreciate in value quickly. You could put your money into something way more worthwhile.
Furthermore--you're underestimating a LOT of your costs. Think about how much you spend to go out to eat, go to the movies, go to a concert, go have a drink, etc etc. Going out to eat or grabbing a soda or coffee add up really fast. Calculating entertainment and incidental costs into your budget is a must.
The best thing you can do when going into--yes, I'll say it--"the real world" is to live like a poor student for a few months longer. It will allow you to save sooo much money--money that comes in handy during emergencies and provides a hedge against the future. Shoot--save enough and you'd have a down payment for a house. And that's a much better investment than a new car.
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If I am not better, at least I am different. --Jean-Jacques Rousseau
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