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Come thru with that .0000009% conversion rate
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Additional Posts in Automotive
The new X7 looks like a faakin’ Kia….
Rising Star
New Range Rover looks amazing.
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You can afford it but why finance $20k and still pay $1k a month? When I made $150k I bought used for $15k cash. Now I make $650k and daily the same car that’s worth about $10k.
I just bought a used low mileage A4 (and a manual) for $17k. No stories, no accidents. If you want a fun weekend car, consider looking into an older Audi or BMW.
I have an older Honda Accord and an ancient BMW 3-Series that’s so old it’s cool again. Both are bought and paid for, so all I pay is fuel, insurance, and maintenance (most of which I do myself).
I’m not THAT old, but will sound like an old fart when I say I stopped buying German cars manufactured after 2004 - too much tech, too many problems, too much of a service headache.
Mercedes R107, W123, W124, and W126 were exceptionally well engineered cars with an unmatched reputation for quality, which is why so many have survived. The W124 coupe, while somewhat rare, is gorgeous as a pillarless hardtop.
1980s BMWs are great cars too, but their sportier nature resulted in far fewer surviving and cars clean enough to satisfy me have appreciated to a point that I no longer find practical as a daily driver. There are a few great models from the 90s worth considering, including the E34 5-Series, E36 3-Series (including Z3), E38 7-Series, and E39 5-Series. Manual 6-cylinder cars are going to be less costly to service than automatics and BMW V8s of the era have their quirks (do not buy without comprehensive service history).
I steer clear of VW/Audi in general, but if you like them then stick with a manual transmission.
Most of these cars are relatively easy to work on and well-kept examples are very reliable; buy a good one and enjoy it, but a bad one will cost you lots to set straight even if doing the work yourself.
I have a Cadillac CT5-V. The payment is about $600, insurance is around $200, gas is like $120/month. It takes premium, which kinda sucks (in Texas it's around $4 a gallon right now and I get about 15 mpg).
I saw in another comment that you're looking at a used Maserati. Please don't do that to yourself. There's a reason that they are over 100k new and like 25k used.
Thanks for the data points my friend
Insurance, driving distance, and parking availability are going to swing this pretty heavily.
On an Audi A6 lease, I pay:
$749/mo - payment w/ maintenance thru Audicare
$168/mo - insurance
$120/mo - gas
$30/mo - misc incidental (toll, parking)
If you have a spotless driving record and live somewhere that isn't Florida or Detroit, $300/mo seems steep for insurance - I'm 27 in the Boston area for context on the above insurance number
I have no prior driving records and the car I'm looking at is kinda sport car so that's why...
Thank you for the input my friend!
How many YOE?
You will definitely get to 150k as you progress in the next few years. 90k at 2yoe is solid. Keep it up my brother!
Well, if it makes you feel any better my monthly car payment is about the same and I made about half what you make. You're in the clear
Depends on the division department, I'm also relatively junior. But yeah, not really compared to other firms in the same space
Seems high for insurance. But I drive a 2002 BMW so I don't have a car payment and my insurance is barely $140. Do have to put in premium gas though. I make about 350k
What kind of car are you looking at?
In modern cars, plastic parts and electronics are the weakest points of failure. This is especially problematic for luxury performance vehicles that incorporate a lot of both for weight savings and features.
I like BMWs and Porsches personally. But they can definitely have their problems.
VW their offshoots (Audi, Lambos, Bentley) are on the less reliable end of the spectrum in my experience. Though, because they are all basically VW, you can get a lot of parts cheaper.
Mercedes is good but their parts are very expensive, so when something breaks it costs a lot.
But really, if you want reliability, you buy Japanese or Korean. So if you are in the market for reliable, don't go German.
If you do go German, find yourself a good mechanic who can really inspect your purchase and be there when things break. Beware cooling systems, catalytic converters, and complex electronic/air suspension systems.
FWIW, I rented a levante on Turo and owner straight up told me the car is fun and sounds good, but the maintenance is brutal. He was constantly having issues with parts breaking down. Almost had to cancel my rental because the shocks randomly started leaking and the suspension wasn’t working
Thanks for the comment. Looking into something else now... so many great options out there and its getting harder for me to decide which one to get. I want a fun car that won't drain my bank account 🙃
Get a Mazda CX5 very reliable