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Old 05-05-2016, 10:00 AM
 
Location: Niceville, FL
7,282 posts, read 15,283,732 times
Reputation: 7029

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Pitting on the personal finance hat instead of the car one, I'll say that, yes, your projected salary sounds like a lot now, but, even in a low cost of living area, you're still going to have to prioritize discretionary spending. Every extra $100 spent on a car payment is $100 less you can spend on other fun & cool stuff that month, or save up for interesting electronics or a trip to Vegas at the end of the year. Don't get yourself in a situation where you've got a fun car but can't really afford the fun night out with friends.

Our car at that stage of the career game- a black Dodge Neon. It wasn't exactly the peak of American engineering in the 90s and the AC got kind of iffy at about 60K, but became known as 'The Cockroach' because it refused to die when we couldn't have afforded much in repairs. Even managed to drive it back form Orlando with almost no oil in the engine at around 85K with no apparent ill effect. Finally got rid of it at about 145K miles when it was looking at far more in repairs over the next year than it was worth.

I'm not necessarily suggesting going the total beater route, but that there is something to be said by not overbuying, even if the dealer or lender is glad to give you a loan for $X amount.
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Old 05-05-2016, 10:20 AM
 
Location: New England
1,925 posts, read 1,068,785 times
Reputation: 1682
I agree with the poster above. I love cars but financially they are a horrible investment. A Honda civic or a Mazda 3 will cost half of what a BMW 3 series costs even including insurance, maintenance, etc. You can still have fun with a cheap car, you don't need to buy a BMW. I personally would only purchase a BMW if I was making six figures even if I lived in a place that has a cheap COL. While the 3 series is a great car it isn't twice as fun as a Mazda 3.
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Old 05-06-2016, 07:47 AM
 
2,725 posts, read 3,690,142 times
Reputation: 2901
Quote:
Originally Posted by LeagleEagleDFW View Post
If you're looking at a $36,000 a year job, you need to be looking at like a Civic or a Mazda3. Not a BMW.
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Old 05-06-2016, 07:50 AM
 
3,780 posts, read 2,394,554 times
Reputation: 2743
Quote:
Originally Posted by fluffypoopoo View Post
Stick with a cheaper car until you make more money. Payments on upper echelon vehicles like MB, BMW, or Lexus won't be pretty on your wallet. Nothing wrong w/ a Civic or Mazda, or even a WRX.
The WRX one can afford on this kind of salary is not going to be an economical car by any stretch of the imagination. Gas, maintenance, repairs, etc... A boring Civic or Corolla is much more appropriate when you're making $40K/year, no matter where you reside.
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Old 05-06-2016, 09:58 AM
 
97 posts, read 39,190 times
Reputation: 37
I think next time I'll just ask what people prefer and why between cars instead of going into detail about potential salary. Buying a car is still a ways off given my current situation and I was just looking for opinions on different cars. Not what people think I need to do with my finances. If I make 40-45k a year and decide to buy an audi, hey that's on me. Given my other expenses and experience with friends who could afford it comfortably I think I'll probably be fine if I do.
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Old 05-06-2016, 10:31 AM
 
Location: Niceville, FL
7,282 posts, read 15,283,732 times
Reputation: 7029
It's the internet- throw a question out into the wild and it becomes something that goes places you can't really control.
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Old 05-06-2016, 11:06 AM
 
3,780 posts, read 2,394,554 times
Reputation: 2743
Quote:
Originally Posted by beachmouse View Post
It's the internet- throw a question out into the wild and it becomes something that goes places you can't really control.
Especially if you throw out a variable people can latch onto and if that variable does not jive with common sense.
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Old 05-06-2016, 11:26 AM
 
1,205 posts, read 2,052,149 times
Reputation: 1843
You can get a nice G37 for around $15K-20k if you like RWD and they are pretty reliable. LOTS more fun then an econobox Civic. Also comes in AWD. and have a lot of power - approx 330 HP
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Old 05-06-2016, 11:27 AM
 
799 posts, read 913,340 times
Reputation: 778
Quote:
Originally Posted by NeuralNet88 View Post
I think next time I'll just ask what people prefer and why between cars instead of going into detail about potential salary. Buying a car is still a ways off given my current situation and I was just looking for opinions on different cars. Not what people think I need to do with my finances. If I make 40-45k a year and decide to buy an audi, hey that's on me. Given my other expenses and experience with friends who could afford it comfortably I think I'll probably be fine if I do.

as close as you may be to your friends, you will never truly know their full financial situation... did they inherent money? parents help out? etc... dont base your purchases on what people im "similar" life styles have...
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Old 05-06-2016, 11:48 AM
 
97 posts, read 39,190 times
Reputation: 37
Quote:
Originally Posted by highlanderfil View Post
Especially if you throw out a variable people can latch onto and if that variable does not jive with common sense.
Yea, but it's not others responsibility or concern on what you do. Just answer the question on what car you like more and why or don't answer at all. Seems pretty simple to me.

I'm moving on from this thread regardless. I was simply looking for opinions and most of the posters couldn't just answer a simple question on what car they thought was better overall based on their personal preference.
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