Are luxury cars worth it? I have little interest in cars but I feel like buying an expensive car just for the image now that I have a decent job. Thoughts?
Are luxury cars worth it...
Samuel Clark
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John Cook
>Are luxury cars worth it?
no. they are expensive to acquire, expensive to fix, and depreciate rapidly. don't buy a car that costs more than 25% of your annual gross pay.
Brody Wright
Don't fall into the trap of acting rich. You make what you make. You don't have to show it off, and it's expensive to do so. In this case, luxury cars are expensive to buy, expensive to fix even if you fix it yourself, and expensive to maintain(you dont care about a cheap honda, but suddenly, you want your luxury car to always be clean and stuff like that). You are not what you drive.
James Hall
Buy one and find out. They're a huge liability. That's usually the first mistake people make when they get a promotion or a new job, they go out and buy all this fancy new shit which adds to their expenses, and you end up being no better off than before.
Invest your money into assets and when your assets allow you to afford a luxury car, go for it. Otherwise you're just buying a toy that will depreciate like a motherfucker and get boring real quick, all for the sake of 'status'.
Isaiah Butler
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After a few weeks, the luxury car just goes back to being "the car."
Adrian Gutierrez
Buy used. A 2005 lexus has basically all the same features you'd find on modern luxury cars with the exception of a more dated navigation system.
Thomas Carter
Incredibly, my mother just bought one such Lexus and we were discussing what a great idea that was.
Julian Jackson
I bought a 96' Volvo 960 and that has more features than my dad's 2016 impreza.
climate control, electric seats, sunroof, etc.
Dominic King
Yes, if you want to get laid with hotties.
Adam White
Financially, a new car or luxury car is about the single worst investment a person can make.
That being said, there are SOME business crowds and finance crowds, that if you don't have a nice car you're not gonna be "in".
But honestly, the nice cars, are literally just more problems. I drive a Honda. Very little can go wrong. My father's Porsche has about 75 buttons on the dash at the driver's disposal. LOTS more shit that can break and then requires fixing.