If you had $30k to spend on a car...

[nothingandless]

i wouldn't buy either. i'd take the money and pay off the rest of my school, buy a real nice workstation, and use the rest go on a nice vacation for as long as it lasted.
driving is overrated, and a stupid car makes you no better or worse. oh, and i'd buy a couple pairs of nice cross-trainers, their the most comfortable to walk in. it's all about practicality.

 

[bigbadbrody]

Bus Pass, Sky Train Pass

 

[Ax3C]

Leasing isn't as cut 'n' dried as ya might think ...

I wouldn't ever BUY a car...you should lease. Investing in a car would be like dumping your money into a stock that only goes down. If you have your own business sometimes you can write off the payments. And at the end no matter what the car is worth...its not your problem because it belongs to the factory that built it.

Not necessarily ...

http://www.leaseguide.com/lease03.htm

Lease v. Buy?

The answer is – it depends. It's not possible to simply say that one is always better than the other because the answer depends on the specifics of each individual situation.

Leases and purchase loans are simply two different methods of automobile financing. One finances the use of a vehicle; the other finances the purchase of a vehicle. Each has its own benefits and drawbacks.

When making a 'lease or buy' decision you must look not only at financial comparisons but also at your own personal priorities — what's important to you.

Is having a new vehicle every two or three years with no major repair risks more important than long-term cost? Or are long term cost savings more important than lower monthly payments? Is having some ownership in your vehicle more important than low up-front costs and no down payment? Is it important to you to pay off your vehicle and be debt-free for a while, even if it means higher monthly payments for the first few years?

 

[ChillyInLA]

Re: Leasing isn't as cut 'n' dried as ya might think ...

Not necessarily ...

http://www.leaseguide.com/lease03.htm

But I guess my point is that the idea of investing in a car to me is silly...its like throwing your money away. Some people may think leasing is throwing money away too which I can understand but with a lease you are only throwing a way a set amount of money. When you purchase you throwing away a lot more money especially when you include repairs.

 

[Ax3C]

Re: Leasing isn't as cut 'n' dried as ya might think ...

But I guess my point is that the idea of investing in a car to me is silly...its like throwing your money away. Some people may think leasing is throwing money away too which I can understand but with a lease you are only throwing a way a set amount of money. When you purchase you throwing away a lot more money especially when you include repairs.

True ... depreciation in the value of a newly purchased car immediately hits the moment you drive it off the lot. You're paying retail price when you buy a new car, it then deflates to its wholesale price the moment it leaves the dealership. In its first year alone, the car loses 15 to 20 percent of its value.

As mentioned in that link, it just depends on the individual and what they're looking for when shopping for a car. Neither choice is cut 'n' dried, unfortunately ... so many variables involved in each instance.

 

[YMIHERE]

Re: Leasing isn't as cut 'n' dried as ya might think ...

But I guess my point is that the idea of investing in a car to me is silly...its like throwing your money away. Some people may think leasing is throwing money away too which I can understand but with a lease you are only throwing a way a set amount of money. When you purchase you throwing away a lot more money especially when you include repairs.

Leasing is the never ending car payment.

 

[ChillyInLA]

Re: Leasing isn't as cut 'n' dried as ya might think ...

True ... depreciation in the value of a newly purchased car immediately hits the moment you drive it off the lot. You're paying retail price when you buy a new car, it then deflates to its wholesale price the moment it leaves the dealership. In its first year alone, the car loses 15 to 20 percent of its value.

As mentioned in that link, it just depends on the individual and what they're looking for when shopping for a car. Neither choice is cut 'n' dried, unfortunately ... so many variables involved in each instance.

I used to sell cars and when people would ask me if the should buy or lease I would say "Lease...or you could buy the car and give me $10,000 in cash...let me kick you in the nuts and we call it even.

 

[poggy]

would you find a great 1992-5 Porsche 911, low miles of course..(I know a great Porsche mechanic)

Never buy a cheap Porsche. There's a program here in the UK called Top Gear and they did that. Lets just say anyone who saw it will never buy a cheap Porsche.



To answer the question of the thread. Buy a motorbike. More fun, cheaper to maintain, cheaper to run and better on the enviroment just to list some of the reasons. For the 15,000 pounds it exchanges into at the moment in the UK. You'd get a top end of the scale motorbike new too.

 

[bigbadbrody]

To answer the question of the thread. Buy a motorbike. More fun, cheaper to maintain, cheaper to run and better on the enviroment just to list some of the reasons.

Not as cheap as a bus pass or a subway pass

 

[ChillyInLA]

Re: Leasing isn't as cut 'n' dried as ya might think ...

Leasing is the never ending car payment.

Here is the way I look at it unless you are going to drive the car for 20 years you are really just leasing it anyway. You buy a car for $40,000 and drive it for 5 years. When your ready for a new car you owe nothing on it but now its worth $14,000 on a trade in. Basically you just leased a car for 5 years and spent $26,000 plus repairs and service and interest. $433 a month plus repairs. But what if the car is in crappy condition? worth only $9,000 on a trade...now you have paid $516 a month plus interest.

The advantage I see with the lease is you know how much your getting fucked out of right from the start. Also if the car is worth more at the end of the lease than the residual amount owed...you can sell the car yourself and keep the difference.

 

[Ax3C]

Again ... opinions vary. It depends on the BUYER and what THEY feel comfortable with. 'Nuff said. LMAO

 

[McRocket]

buy a barely used mustang and use the rest elsewhere.

cars lose 1/3 to 1/2 of selling value the second they roll off the lot.

so instead of 30,000 you may be looking around 20,000 for a mustang with possibly under 25,000 clicks .... KM of course... ahha canadian

I agree (though I would say it's more like 20-25% the second they roll off the lot - but either way; it's a LOT of cash lost).

In North America, new car warranties (basically bumper-to-bumper) are usually 3 years or 60,000 kms (45,000 miles); whichever comes first. You could buy a 1 year old Mustang GT and save a bundle. It is a very popular car so it should not be too hard to find what you are looking for.

My principle vehicle for example. I bought a 2004 vehicle last year and it had about 7,000 kms on it. I bought it from a dealer (though they were selling it on consignment because the dealer owner knew the guy that owned the vehicle - less profit for them) and I paid less then 2/3's of what this vehicle cost brand new. And that was from a dealer. Privately, I would have saved more. But it was the only one around, so my choices were limited.

I personally believe that one should NEVER buy new unless you are stinking rich, it's a company vehicle or you have no choice.

I am into V8/V10's. I am not much into rear engined, flat 6 Porsche's - though they are very cool cars. Just not my style. So I would want the 'Stang.

I like your taste in vehicles though (both of them) - hope it works out for you.

 

[maildude]

A decked-out Humvee!!

 

[-KING-]

Audi S3

 

[titsrock]

Hmmm...

Only McRocket and Poggy came closest to giving an answer to my question. I'm astonished with the directions and sidetracks this thread went off on.

Who knew there was such a progressive, enviro-friendly, tight-fisted penny-pinching crowd that makes up this site...wow. I applaud the sound advice but c'mon people...where's the spirit of life and adventure?

I've never had "a great car" in my life. I've always made prudent, 4-cyl decisions. I agree that it is lunacy to spend $40k or more on a car/SUV whatever. But I also think I'd like to experience the thrill of owning a great car someday.

I'm leaning to the Porsche but I feel like I need to buy American at some point in my life and Ford is about on financial life support..maybe I need to do my patriotic duty before the foreclosure sign hits Dearborn...

 

[ninetysixcavy]

Re: Hmmm...

Only McRocket and Poggy came closest to giving an answer to my question. I'm astonished with the directions and sidetracks this thread went off on.

Who knew there was such a progressive, enviro-friendly, tight-fisted penny-pinching crowd that makes up this site...wow. I applaud the sound advice but c'mon people...where's the spirit of life and adventure?

I've never had "a great car" in my life. I've always made prudent, 4-cyl decisions. I agree that it is lunacy to spend $40k or more on a car/SUV whatever. But I also think I'd like to experience the thrill of owning a great car someday.

I'm leaning to the Porsche but I feel like I need to buy American at some point in my life and Ford is about on financial life support..maybe I need to do my patriotic duty before the foreclosure sign hits Dearborn...

Go GM. I've owned Fords, foreigns and GM's and I always felt confident in my GM's. Chevy and Pontiac to be specific. I had a shitload of problems with my Ford, but maybe that's just me. I'd say get a GM.

You know who's makin' some crazy cars nowadays: Buick. Never owned one, but the stuff they are comming out with is pretty dope.

PS: I always wanted a Regal, remember when they came out with those dope Regals in the late 90's, with the 3.8 turbos. Man those cars are dope.

 

[cartman24]

No, I would get something like a mid-range Volkswagon or something like that. Porsches are nice and all but are too expensive to maintain.

 

[ghoul]

I Would buy a Perodua Kancil!! or Perodua Kelisa!!

 

[member006]

Re: Hmmm...

Only McRocket and Poggy came closest to giving an answer to my question. I'm astonished with the directions and sidetracks this thread went off on.

Who knew there was such a progressive, enviro-friendly, tight-fisted penny-pinching crowd that makes up this site...wow. I applaud the sound advice but c'mon people...where's the spirit of life and adventure?

I've never had "a great car" in my life. I've always made prudent, 4-cyl decisions. I agree that it is lunacy to spend $40k or more on a car/SUV whatever. But I also think I'd like to experience the thrill of owning a great car someday.

I'm leaning to the Porsche but I feel like I need to buy American at some point in my life and Ford is about on financial life support..maybe I need to do my patriotic duty before the foreclosure sign hits Dearborn...

OK Straight up. I would say to you buy the new one. If putting that much into something I wouldn't recommend used.


LL

 

[ChefChiTown]

I would buy $30,000 worth of Matchbox cars and make them race in my room.

VROOOOM :eek: