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On my home from work the other day while I was stopped at a light I noticed that a lot of people were driving luxury cars. I saw tons of Bmw's, some Acura's, a couple of Audi's and the new Lincoln Navigator. Do you guys notice that or is it just me?
It is just not you. The sale of common brands has been stagnating with a lot of buyers who would have been looking for higher end common brands instead looking for "entry level" (cheaper) luxury brands these days.
It is just not you. The sale of common brands has been stagnating with a lot of buyers who would have been looking for higher end common brands instead looking for "entry level" (cheaper) luxury brands these days.
That makes sense. Even today i seen a lot of luxury cars.
It's not just you. I teach middle school and I see all these parents picking up their kids in new infinities, bmws, etc. they can afford (to lease I assume) these cars but can't afford to buy books. Go figure.
You can get in a Lexus ES 350, a luxury model by any definition, for $350 a month. That is a little over my lunch money. To really get into luxury territory you need to be over $800/mo.
It's not just you. I teach middle school and I see all these parents picking up their kids in new infinities, bmws, etc. they can afford (to lease I assume) these cars but can't afford to buy books. Go figure.
A lot of these car's depreciate quickly. You can pick up a 2-3 year old used entry level luxury car for about what a Honda accord or Nissan Altima sells for.
Don't assume everyone driving these luxury cars bought them brandy spanking new.
Just for comparison:
2015 Nissan Altima; MSRP of lowest model $23.5K
2015 Honda Accord: MSRP $22.1K
2011 Mercedes Benz C300 4-matic: Average selling price based on 5 min internet search of vehicles for sale $19-22K.
So same price virtually. Keep in mind these entry level luxury cars like Audi A4's, C-300 benzs, G35/G37 Infiniti's, Lexus IS, BMW 3-series, etc etc are really not as high end as some of the other models in the lineup. You don't see people driving Mercedes S550's around every day do you? But you see C300's everywhere...especially when used models could be had for the price of an Altima as shown above.
BTW, When I bought my Infiniti, it was less than 2 years old, factory warranty still with about 15K miles on it. My payment was $250ish a month for 4 years.
A lot of the luxury car drivers in my area are mid-20s to early-30s yuppies. Most live in small apartments but got to have a nice ride. Different priorities I suppose.
These same people gawk at the pricey repair bills for such cars. They don't realize that replacement 19 inch tires for their BMW is going to cost a pretty penny.
Last edited by mclasser; 04-29-2015 at 11:43 AM..
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