Related Posts
Am I a lunatic for wanting to drop $60k on this?
Who manages the accenture 401k
More Posts
What's your biggest struggle as a junior lawyer?
Have an offer from FAANG company with TC around $200k. Non-tech Program Manager Low/Medium COL (Not Cali, NY, SEA). Awaiting offers for the other two for the same type role. What is considered a strong offer in terms of total comp for non-tech Program Management IC5/L5 for Facebook (Meta) , AWS, and Google Low/Medium COL? Would also help if u can provide expected base/bonus/rsu/sign on breakdown Current TC: 190K, 6 YOE, MBA
Additional Posts in Automotive
BMW X3, Infiniti QX50 or Lexus NX ??
For those of you who follow him, big news!
Am I a lunatic for wanting to drop $60k on this?
Added a Bimmer to the fleet today
There’s a sweet spot of depreciation - usually at 3-4 years for mid-level luxury cars. Make sure u do the dilligence - create lists with the same model across platforms autotrader,cars.com,cargurus, carvana etc. and see where you land best price for similar spec / mileage. From the models ure targetting, i’d say no need to go for CPO - will just add cost at minimal risk (if low mielage / 1 owner / no incidents)
As someone who likes cars and has bought quite a few: Get a professional buying consultant that works for a fixed fee (never commission).
They will help you figure out the right car (if you want), find it and negotiate the price. Unless you’re a pro, you will save some money there.
I would recommend AutoMatch Consulting but there are many.
Pro
You can’t really go wrong buying a Toyota so I wouldn’t worry if I were you. Buy used from a private party and get it inspected (PPI) for peace of mind
First, don't rush the process, and use the time to get very crisp about what you are looking for. It sounds like maybe you have some work to do in this area. A luxury SUV and a Toyota off-road vehicle are very different, especially as a daily driver. When I bought my last car, I approached it just like I would a client design workshop. Gather requirements, define constraints, evaluate all options, etc.
Second, draw the circle wide. Don't get dazzled by brands or status vehicles, but don't shy away from them, either. I thought I was going to buy an Audi Q5, instead I wound up with a Mazda CX-5, and I couldn't be happier with it. Give a look at some brands you might not expect.
Finally, test drive a ton of vehicles. You can't include or exclude something until you drive it. And when you have decided on a model, test drive it at multiple dealerships. A different sales rep and a different car on different roads gives a nice rounded view. This is tricky with COVID, but don't skimp on it.
Negotiate!!! I negotiated to get 7k off my new Lexus ;)
Luxury vehicles have more room for negotiation. You need to stand your ground. I helped a former friend negotiate 10k off a new Subaru. The managers at the dealerships said I was very tough to work with lol
If you do any light off-roading or occasional driving in snow on your road trips I’d suggest looking at Subaru since they have the best AWD system. Outback & Forester are mid-size, and Crosstrek is compact.
Compare dealer trade-in value for your Accord with what Carmax, Carvana, or Shift would pay for your car. You might be able to get a bit more with a private party sale but it also might not be worth the hassle of meeting up with random buyers.
Check out Costco deals. It gave 10% off of the sales price of Audi until recently.