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Im a young married guy on a budget, however a big priority is to have a nice car (for me thats in the $30k-$60k range) I dont lease (anymore) since i dont want to have to keep mu eye on the mileage.
Other people with simaler budgets, a nice car is the last thing on their mind and would simply buy a used car for under $5k. This high priority I have does make it pretty hard managing fiances on non car stuff (not impossible though)
I believe though that when it comes to every day stuff such as clothing, car, bed and even house. Invest in it since those stuff is something thats a one time expense and is enjoyed daily. Having a cheap car on the other hand (especially one with problems) in my opinion your’e just asking to have a bad day.
Now obviously for those people that are not into gashmiyos at all (and as much as we think were not, most of us actually are) there would be no difference to them.
Whats your opinion on this?
If you’re not driving a Rolls Royce you’re a nebech case anyways.
Buy what you can afford. There is quite a difference between THIRTY and SIXTY thousand dollars.
It is generally a bad economic decision to sink substantial money into an asset that loses value quickly such as a car. You seem to put on too much mileage for leasing but want a car without the expense of repairs that comes with an old, cheap car. SO, buy a late model off-lease car. It will have been maintained while under lease, have a known service record and the former lessee will have suffered the bulk of depreciation in the first three years.CTL hit the nail on the the head.
Nice is a funny word. Reliable, clean, good condition – OK. But what does $60,000 get you that you can’t buy for $30,000 or even less, other than status? In theory I agree with CT Lawyer about buying a late model used car but it seems that those cars are barely cheaper than new and not worth it if you hold onto your cars for a long time.
I’m a huge fan of buying new Hondas and keeping them for a very long time. My first Honda is now 18 years old and bli ayin hara still going strong. Several years ago I bought a new car and gave the original to one of the kids, and in a few years I plan to give the replacement to another child and buy myself something else. Pay for it over 5 years (at very very low manufacturer’s financing if you qualify) and drive it for many more years.
People say “I can’t be worried about my car” but if you take good care of your car there is no reason you should have to worry. There are many excellent, reasonably priced cars on the market. Look, if you want to drive a new car every 3 years or you like fancy cars, that’s fine if you can afford it. But if what you’re really looking for is an economical, reliable vehicle that looks decent and performs well, you do not have to get trapped in either a lease or a luxury car.
I realize that not everybody can afford a $30,000 car and for those who can’t afford it you do the best you can with what you have. Sometimes that means buying a car with issues, whether they are cosmetic or mechanical. No, it’s not fun. It is never fun to not be able to afford what you want and what “everyone else has!” If your budget is truly too tight to afford the car you want, live within your means. If you can swing it, figure out where your priorities lie and if it makes sense at this stage of your life. But don’t talk yourself into “needing” something extravagant. Why should you make yourself miserable, either by not being happy with what you have or by suffering financially because you bought it?
Ya know, there are quite a few numbers between 5 and 30.
The purpose of a car is to get you (and your family) from point A to point B. In purchasing a car the goal should be to find the lowest priced car (or if you are cash-strapped, the lowest monthly payment) that can reliably get you from point A to point B. There are also some typical modern add-ons that are extremely useful, such as a back-up camera and bluetooth compatability for hands-free calling. In short, your goal in purchasing a car should be utility. Anything beyond such basic utility is luxury, i.e. a waste of money.
you starting to drive for uber or lyft? perhaps “nice car” will make a difference.
you mention you are on a budget, should we assume you stick to your budget? if you do, figure out where to trim to accommodate this expense. when you go through this excercise I expect you will come back with additional questions such as, is it worth spending my rent money on car loan, or should my desire for a nice car outweight the need for my wife to eat three meals a day? we’d be happy to share our opinions with you.
since your a “young married guy” might I suggest that you seek your wifes opinion, instead of some random internet strangers?
Sad, but if that what floats your boat what’s the question. I have an 04 sienna that I purchased used with low mileage over ten years ago and I couldn’t be happier with it. I could have spent extra money on a car that would impress, but it always come at the expense of something else- money spent on kids and family, etc etc, and often engenders envy among peers and neighbors. Do I really need that? Do I really want to make the statement loud and clear to others that this is what’s important in my life? I’ll pass….
why do ou need a kar?
Why do random Internet strangers have such low self esteem?
The decision on the type of car i drive is between my wife, my family, my bank and me. Your decision is similar. Make your private decision smartly… and privately.
@benignuman
The purpose of a car is NOT always to get you from point A to Point B
We have multiple cars. B”H money is not an issue in this stage of our lives. All the kids are married and earning good salaries. The house is long paid for.That said, Mrs. CTL has her original 1971 Jaguar XKE V12 Convertible. It comes out of the garage east summer for pure enjoyment sake. She has a modern SUV for daily point A to B driving.
I have a large luxury sedan….it is often used to transport clients. I would not do that in a Honda or Hyundai, etc. When billing $500 per hour the clients expect the attorney to drive a luxury auto. I won’t drive German or Japanese which is why most of our cars are English.I also own a 1972 Harley Davidson Motorcycle I bought when I was in college. Definitely not for getting from A to B, BUT when I need a release, a long rode through the northwest hills of Connecticut is great therapy.
We have never owned a minivan, we were the generation who had 9 or 10 passenger station wagons.
“why do ou need a kar?”
So you could donate it to Kars for Kids, of course.
CTL: When you’re cruising on your Harley, do you wear a leather jacket and listen to a tape of Steppenwolf’s “Born to Be Wild”?
@DovidBT,
Born to be wild, yes..but not on tape. digital recording on iPhone or iPod
Leather Jacket, heavy jeans and leather boots are safety items. Although not required in CT, I always wear a helmet.Don’t you get attacked by wild vegans?
@RebYidd23
We went for a three hour ride through the northwest CT hills this morning. No vegan attacks, but we were invited to ride in two small town parades with other bikers to celebrate the 4th of July.
Home now, getting ready to join sons and grandsons in the pool at 1 after the girls vacate.
BBQ @ 5…………………
Git a call from Joseph’s youngest wanted to know if she can come stay for the summer, she hates camp and had more fun here at the compound last year.
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