What would you rather own..

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brblx

Diamond Member
Mar 23, 2009
5,499
2
0
i'm with whoever says keep your current car. $60k gross is probably closer to $40k once you factor in deductions for taxes, insurance, and savings (if you're making 60k a year with no expensives and not saving anything...). buying a car that equals or exceeds your yearly salary- no. just no.

plus the fact that selling a new car after two years is pretty much maximizing its depreciation while not taking advantage of the fact that you still have a warranty and won't be due on any major maintenance for a while.

keep your car and use the money to buy a house while prices are low.
 

Bignate603

Lifer
Sep 5, 2000
13,897
1
0
Originally posted by: brblx
i'm with whoever says keep your current car. $60k gross is probably closer to $40k once you factor in deductions for taxes, insurance, and savings (if you're making 60k a year with no expensives and not saving anything...). buying a car that equals or exceeds your yearly salary- no. just no.

plus the fact that selling a new car after two years is pretty much maximizing its depreciation while not taking advantage of the fact that you still have a warranty and won't be due on any major maintenance for a while.

keep your car and use the money to buy a house while prices are low.

This. If you have a chance to buy real estate right now you should. It's all on sale.
 

DVad3r

Diamond Member
Jan 3, 2005
5,340
3
81
I voted for Mustang but I would of voted for keep car and buy bike option if it wasn't a sport bike choice.
 

potato28

Diamond Member
Jun 27, 2005
8,964
0
0
If you want a new car, buy a new car. Personally, I would keep it and drive it into the ground.
 

zerocool84

Lifer
Nov 11, 2004
36,041
472
126
INSURANCE INSURANCE INSURANCE

At 22 living on your own you're going to get raped especially with those cars. Get rates on all of them before you even think of buying them. I guarantee the rates will change you're mind about what to buy.
 

CurseTheSky

Diamond Member
Oct 21, 2006
5,401
2
0
Originally posted by: zerocool84
INSURANCE INSURANCE INSURANCE

At 22 living on your own you're going to get raped especially with those cars. Get rates on all of them before you even think of buying them. I guarantee the rates will change you're mind about what to buy.

This.
 

SparkyJJO

Lifer
May 16, 2002
13,357
7
81
I'd buy the Camaro, but wouldn't need all the extra packages that make it $40k. $32-34K 1SS is just fine with me. I care about the power, not leather seats
 

Koing

Elite Member <br> Super Moderator<br> Health and F
Oct 11, 2000
17,090
2
0
Get an older 03-04 E46 M3, you don't need to spend $30k on one.

Insurance will be INSANE mate...so DEFINITELY check this out before you buy any of those cars!

Koing
 

Kroze

Diamond Member
Apr 9, 2001
4,052
1
0
I would wait and get the 2011 Mustang instead of the 2010. They're suppose to get the new v6 & v8 (v6 is 315hp and v8 is expected to make 400+hp)

I wouldn't buy anything performance oriented used. Used performance car are abused car.
 
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