Veeky Forums I need some financial advice on car buying

RavySnake
RavySnake

Veeky Forums I need some financial advice on car buying.

Have 40k in the bank
Make 45k a year
Will make 55k-60 next year when I go for promotion
Dad is master auto technician at Toyota
I need a new car
Only thing I like is an lexus IsF
29k price

Would this be a dumb financial decision considering I don't make much right now? I really want the car and it's basically bulletproof. Only thing I'd need to do is breaks and oil changes.

BlogWobbles
BlogWobbles

@RavySnake

Also I would consider financing the car, not paying cash. Auto loans are so low right now.

Any advice would be appreciated.

RumChicken
RumChicken

If u planning on sleeping in dat motherfucker go for it

CouchChiller
CouchChiller

only if you spend the remaining $16000 you plan to make this year on various chains, rims, and jordan shoes

ZeroReborn
ZeroReborn

@RavySnake
Only thing I like

stop being so dramatic

TechHater
TechHater

@RumChicken
@CouchChiller

Lol I figured it would be a stupid decision.

Wish I made more money.

BinaryMan
BinaryMan

@ZeroReborn

Go look at the Toyota line and get back to me

AwesomeTucker
AwesomeTucker

@CouchChiller
This nyugah
You cant jump out of an IS with weak shoe game, no chain game, and stock rims. Go buy lottery tickets to make the money back.

JunkTop
JunkTop

@AwesomeTucker
@CouchChiller

Ok then what would be an appointment budget for a car?

Fuzzy_Logic
Fuzzy_Logic

@JunkTop
1999 Honda CRV for u, sir.

Nojokur
Nojokur

@JunkTop
Not the majority of your net worth, that's for sure.

Spazyfool
Spazyfool

@JunkTop
Well seeing as your dad is a fucking toyota mechanic id say get a decently new Camry, price better be lower than 15k even that is pretty high and you dont need it, if I were you id get some 04-05 for cheap as i can and good miles, I thought this post was bait when i first saw it OP. Time value of money nigga.

Nude_Bikergirl
Nude_Bikergirl

@BinaryMan

A car is a tool to bring you (and maybe some merchandise) from A to B. Given the fact you have a limited budget, don't look for a tool you like. Go for the low maintenance one. Moreover, you have a dad working there. Profit from him. Ask him which model has the least repairs and lowest gas consumption.

Booteefool
Booteefool

@Nude_Bikergirl

I live a few miles from work. Gas is not a problem. And the isF is very reliable and no repairs are necessary.

Harmless_Venom
Harmless_Venom

@Spazyfool

Lexus's are Toyota's

@Nojokur
Best advice so far

MPmaster
MPmaster

Never spend more than ten percent of your gross salary on a car

viagrandad
viagrandad

@Booteefool
no repairs are necessary

Dude, again:
You're heavily biased by your preference for that car. If an ISF needed no repair, it would be the only model on this planet.

Ask your dad 4 sensible advice. Pay it in cash, don't spend more than 15-18k.

takes2long
takes2long

@viagrandad

Even though you're mocking me, thanks for your advice. I appreciate it user

massdebater
massdebater

@RavySnake
Jesus Christ, OP, you are dumb as hell. OF COURSE THAT'S A RETARDED IDEA. Why the fuck would you blow money on a 30k car you don't need? Why the fuck wouldn't you invest that money?

Dude fuck you. You don't deserve what you have if you're that fucking stupid. Get the fuck off of Veeky Forums.

iluvmen
iluvmen

@RavySnake
Personally, I would wait for the new Model 3. Same price range, much better car, much faster as well. This is coming from someone who has owned an E92 M3 and an '08 SL65, among other cars, so I'm not some hippy who likes electric cars.

Honestly the Tesla 3 just seems like a much better option.

Now, besides which car you should by, we should consider the price. I am very frugal, and if I was making $40k a year and had $40k in savings, I would probably buy something cheaper.

Look at something like a low milage ("low" for a Toyota) '05-'07 IS300. Those are great little cars, and reliable when compared to their market parallels.

Inmate
Inmate

@Nude_Bikergirl
Lexus == Toyota
Toyota ==! Lexus

likme
likme

@Inmate

???

Deadlyinx
Deadlyinx

@massdebater

You're right. I'm young and want a new car. I've never had one. But now I'm back to reality.

Short term gains are hard to come by, are you talking about long term investments?

Snarelure
Snarelure

@iluvmen

Thanks for the advice user

haveahappyday
haveahappyday

@RavySnake
OP is retarded.

PurpleCharger
PurpleCharger

@JunkTop
Keeping to around 1/4 of your before tax income seems to be a reasonable budget for a car, at least here in the uk

Stark_Naked
Stark_Naked

@PurpleCharger
1/4 of your before tax income
UK

So 150% of your after tax income?

Harmless_Venom
Harmless_Venom

@Stark_Naked
SAVGE

OP just got BTFO

iluvmen
iluvmen

@Stark_Naked
@Harmless_Venom

I admire the effort but this board has IDs

likme
likme

lease it.

Sharpcharm
Sharpcharm

@iluvmen

kek

Crazy_Nice
Crazy_Nice

@RavySnake
How the fuck you have 40 in the bank?

I make 65 and have like 20. Fuck people who can still live with their parents.

Harmless_Venom
Harmless_Venom

@RavySnake
Make 45k a year
cars are terrible investments. you should not be buying a car for 29k on your current salary. 10-15k is a more reasonable budget for you.

Spamalot
Spamalot

Probably a smarter move than I recently made
get job in another state
need to replace my cavalier with 193K+ miles
buy new civic for 20k
6k in bank, 60k gross annual salary
probably shouldve just bought something used but whatever, i like the car and i'm hoping it doesn't get rekt/i dont get fired

happy_sad
happy_sad

Buy a used car.

No one in their right mind buys a brand new car, you're literally throwing away 50% of the cost.

cum2soon
cum2soon

@Harmless_Venom
really hoping this is a troll

spending more than 1/5 of your salary on a car

if you're making less than 100k a year you should have thought twice at school about working hard so you can spend money on shit like expensive cars

the is-f is the performance version of the IS first of all so you can get the exact same car without the tuning for easily 8-10k less.

there are bulletproof econoboxes for 3k that will carry you like a trooper from A to B until the end of time and only ask for oil changes in return. buy one of those to hold you over until you're older and can afford to get the car without anally raping your wallet

Carnalpleasure
Carnalpleasure

Lease a Camry or corolla or prius whatever is cheaper for like $120pm after tax

ZeroReborn
ZeroReborn

@Crazy_Nice

Op here, gonna get a used IS 350 for around 15k. Thanks biz for setting me back to reality. I was daydreaming when I made the thread.

SniperWish
SniperWish

@ZeroReborn
Still a nice car, user

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