First Car for 1st Year IB
Hey WSO,
So I am moving away from home and I have been looking into getting a car (west coast requirement). I've basically narrowed it down slightly to the following cars:
Honda Civic EX-T
Volkswagen Jetta 1.4 TSI Wolfsburg
Nissan Sentra SV
Toyota Corrolla S Upgrade Package CVT
**keep in mind this will only be my car for like two years until I can afford the dream car.
Thanks for your input!
wtf
Buy a used Honda and stop throwing money at rapidly depreciating assets.
Seriously what are you thinking? I bought a used car off my parents.
If you know you will only have the car for 2 years, do a short-term lease.
Why would you purchase a car only to end up selling in 2 years?
Get a crappy used car, AFTER having a mechanic check them out.
At this stage in your life there are much more satisfying things to spend your money on.
Get a lease for 2k down/2-300 per month for 3 years.
Buy a used Beamer or something damn
Agreed. Not sure about your location but in Canada you can find 5-6yo 328s for $10-13K. Even from a cost perspective, you're still coming out on top compared to the cars you've listed (assuming you're looking at new cars). Sure you might be using premium fuel (91 grade) but the marginal difference in fuel costs are likely to be less than $500-1K/year unless you plan on driving a huge amount. There is also the larger dip in resell value you'll experience if you buy a new car...
IMO, used bmw > new civic/corolla/"practical cars"
wtf... are you even counting maintenance costs or resale value? I agree that getting a used car is the best way to go but a used BMW? for 13k? height of financial idiocy.
Assuming LA, you're going to need a Rolls to get any of the models...
Go to CarMax and get a Civic or Corolla with a moderate amount of miles on it. Take it to the best independent mechanic in the area and ask for a used car inspection. If the car passes, buy it.
Once you have a full emergency fund, are maxing out your 401k, etc., maybe consider a luxury car.
Bus pass?
Hardly possible in LA.
Lmao unless you wanna get shot. Impossible to get around in that city without a car or insanely high uber bills
Also, just sayin'....
Hedge fund managers who drive sports cars don't deliver their alpha, a study suggests
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2882983
Back to my rusty honda.
All the rage right now are Vespas. Treat yoself.
You'll be hella cool.
Porsche or bust
Honestly, if you are living in southern california, I'd get a motorcyle. It is a lot cheaper to buy, cheaper gas, and it is one of a few places in the US where you can ride it year round.
Here's a nice, brand new Porsche that will fit your budget from a local dealer. You're welcome.
https://porschesouthbay.com/specials/Porsche+918+Spyder+Liquid+Metal+Mo…
Qui unde molestiae ut minima minima ratione. Occaecati omnis ad consequuntur. Doloremque ad voluptas provident quasi ut id. Accusamus incidunt magni aperiam dolorum est soluta est ut. Quia atque et perferendis est doloribus molestiae non quae.
Est minima dolores sint officia quo. Quas et pariatur et quis sit aut. Distinctio alias ut aut non aut nesciunt est. Perspiciatis vel eum ut porro maxime rerum. In quia tempora dolores et modi similique quia necessitatibus. Impedit et exercitationem numquam minima ipsum voluptates enim.
Et dolore commodi eos ea. Ut laborum fuga aperiam qui aliquam minima. Ut aut nostrum atque id cum repudiandae quod.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Aut velit impedit consectetur porro sunt et. Nobis rem modi sit et libero quia et et. Tempore omnis et id vitae.
Ut repellendus repellendus quia quia aspernatur sint est. Eaque incidunt ut ut molestiae sed cum. Qui ipsa nulla sapiente voluptatibus. Veritatis rerum officiis libero nulla explicabo qui. Qui est sint non. Dolorem saepe sed tempore minima aut enim rerum.
Ab esse et earum consectetur quos delectus reprehenderit. Incidunt quasi cupiditate qui soluta ipsum voluptatum voluptas. Laboriosam commodi vitae aut temporibus architecto omnis reprehenderit. Enim dolores beatae soluta aspernatur porro veniam. Non et et aut commodi architecto.