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Cheap and low maintenance car that isn't a P.O.S? - Page 5

post #61 of 159
Quote:
Originally Posted by impolyt_one View Post

would you buy a $15K car (ie a used MB CLK500) at 22, with a $25K/yr salary in LA? serious question.

Of course not. I'm a car nut, but I fully understand that I won't be able to afford the cars I want for awhile. That is why i drive a cheap, economical car now. One of the best financial decisions I've made. (used to waste a ton of money on repairs on my VR6 Jetta until I finally got rid of it)
post #62 of 159
My man. trust me, don't spend that much on a car.. let alone an older, used, higher-performance german car.

I punched the numbers in my proprietary regression model and there's an 89% chance you're going to severely regret it.
post #63 of 159
Quote:
Originally Posted by Cary Grant View Post

Dunno your definition of "fun" but go test drive the new Fiat 500; you can get into the base model for $15k.

Less - most dealers are carrying a surplus so they're starting to offer rebates until Jan. 3rd. Last I heard, you could get $1800 off a Pop. There are also some $200/month lease deals.

Worth considering - what kills you with old beaters is maintenance and repairs. Sometimes it's wiser to get something new, with free maintenance, and cheap to run. My first TWO beaters died (threw a rod, blew a headgasket) before I snagged something new on a $100 down/$100 month deal, back in the day.
post #64 of 159
BlacKidLA,
What job did you get?
Can you explain what happens in 5 years that you expect to make sure a big multiple of your starting salary?
post #65 of 159
Quote:
Originally Posted by BlacKidLA View Post



 



I believe I have found my new car. Found a 2004 CLK500 AMG with only 43k miles. Asking price is 16k. 

Hi, I have an SLK AMG. I just had to have a window fixed and it was $1800.

Here's the difference between me and you:

I'm not broke.

You're a fucking idiot. Drive a Hyundai and stop pretending like you're something you're not. LA already has a bunch of douchebags like you driving around on credit. Don't add to it and become another moron statistic.

You're already going 1k over budget for a car that will force you to cough up $15,000 in the next 5 years very, very easily. High performance vehicles cost.

O, and have fun paying for premium gas once a week.
Edited by SField - 12/25/11 at 8:58am
post #66 of 159
^^^^^ icon_gu_b_slayer[1].gif
Also, he's gotten his father to fix the car, so he's used to lower expenses.
post #67 of 159
This is crazy...why on earth would you buy a high performance/luxury used car on a $25k salary? Aside from the facts that 1) there are ALWAYS unforeseen expenses on cars, 2) lux, sport, and used are all not great words to throw around when trying to minimize operating expense for the car, 3) insurance will likely kill you and 4) There is NO reason to have a $15k car on a $25k salary --
you're probably going to feel ridiculous if you do get a really nice car in this situation. I am fortunate enough to be making a little over twice your salary at the job I am taking when graduating in the spring, and would feel ridiculous if I kept my car and drove it to work. It's an 06 M45, $60k new, probably worth around $15k now. You don't want to be the guy at the most entry level driving around with nicer cars then people multiple levels above him. It'll look like you're trying to hard to be big time. When the expensive come around (and I have had MANY, and the M45 is by all means, one of the more reliable cars out there), you'll be killing yourself to scrape together a few bucks to keep the thing running. Get a $5-10k nice reliable ride, cheap to run and insure, and you'll have some $ to save to move out on your own and even some to spend on actually a good time. Last thing I would want is to roll around in a recent Benz but not have the $ to buy a girl dinner when I want to.

Just my $0.02. I know it sucks, but I'd just buy a basic Honda, Altima, Toyota, etc. Early 2000s Maximas and TL-S (mentioned already) are pretty quick and fun cars (for what they are). If you do some research and try to maximize the chance of getting a reliable one, they could be a nice, moderate step. I also wouldn't discredit the RSX. If you can find a maturely driven one, they're pretty quick and fun to drive while being very economical. On second thought, the type S only came in a 6spd on that one, so it might be out for you.

Best of luck
post #68 of 159
cg35, What's worse, driving a $60k car when in college, or driving a $15k car while making $25k ?
How did you manage to drive a $60k car while in college? High school graduation present?
post #69 of 159
Nah, got it a couple months ago when my mother was trading it in (she was only getting $18k for), and my previous car was dying. It was a good call for me to take it for my last year of school (because at this point the M wouldn't depreciate THAT much more) instead of trying to throw more money at my old car or buy something new for only 1 year. (I will be going the public transit route next year).
post #70 of 159
As far as $60k car in college or $15k when making $25k. I don't have experience driving a $60k car in college, but I have experience driving an $18k one in college. Both are obviously unnecessary, but we all know that. In my case, an M45 wasn't particularly out of place at my college, but I feel it would be at my company. Now, this is very dependent on the company and the college for most people. My company is very conservative and the college I attend is a top 20 school filled with Upper East Siders who's children are driving S550s, X5s, and Range Rovers. I have no idea what OPs situation is, just sharing mine. Perhaps at his workplace, driving a (for his income level) flashy car is commonplace.
post #71 of 159
Quote:
Originally Posted by SField View Post

Quote:
Originally Posted by BlacKidLA View Post



 



I believe I have found my new car. Found a 2004 CLK500 AMG with only 43k miles. Asking price is 16k. 

Hi, I have an SLK AMG. I just had to have a window fixed and it was $1800.

Here's the difference between me and you:

I'm not broke.

You're a fucking idiot. Drive a Hyundai and stop pretending like you're something you're not. LA already has a bunch of douchebags like you driving around on credit. Don't add to it and become another moron statistic.

You're already going 1k over budget for a car that will force you to cough up $15,000 in the next 5 years very, very easily. High performance vehicles cost.

O, and have fun paying for premium gas once a week.
Quoted for truth and emphasis. A seven-year old MB is ripe for the occasional eye-popping maintenance/repair bill. On a $25,000/yr. salary it will eat you alive, even 3 times that will be a burden. I've been at the MB service center many times over the years and overhead awkward conversations between service reps and owners who couldn't afford even somewhat routine maintenance bills. Even though the car costs $15,000 to purchase, I guarantee you'll be spending more than you ever imagined to keep it in good running order year after year.

And for Christ's sake, don't call a CLK500 an AMG, it's not.
post #72 of 159
Quote:
Originally Posted by JayJay View Post

Quote:
Originally Posted by SField View Post

Quote:
Originally Posted by BlacKidLA View Post



 



I believe I have found my new car. Found a 2004 CLK500 AMG with only 43k miles. Asking price is 16k. 

Hi, I have an SLK AMG. I just had to have a window fixed and it was $1800.

Here's the difference between me and you:

I'm not broke.

You're a fucking idiot. Drive a Hyundai and stop pretending like you're something you're not. LA already has a bunch of douchebags like you driving around on credit. Don't add to it and become another moron statistic.

You're already going 1k over budget for a car that will force you to cough up $15,000 in the next 5 years very, very easily. High performance vehicles cost.

O, and have fun paying for premium gas once a week.
Quoted for truth and emphasis. A seven-year old MB is ripe for the occasional eye-popping maintenance/repair bill. On a $25,000/yr. salary it will eat you alive, even 3 times that will be a burden. I've been at the MB service center many times over the years and overhead awkward conversations between service reps and owners who couldn't afford even somewhat routine maintenance bills. Even though the car costs $15,000 to purchase, I guarantee you'll be spending more than you ever imagined to keep it in good running order year after year.

And for Christ's sake, don't call a CLK500 an AMG, it's not.

In my opinion, unless you can afford to lease a car or finance it quite comfortably, don't do it. If you're buying it outright, I think you should be able to pay cash for it outright. I will never buy a car that I cannot pay cash for, and cannot comfortably maintain. It's just so incredibly stupid and part of the reason that this country, and especially California, is in such a fucking economic abyss. Kids like these don't think... at the colleges I attended, a lot of kids did drive the same cars as my dad, but their parents probably paid for the car with a Centurion or cash and are not at all burdened by the upkeep.

Credit has really fucked up people's minds and priorities. In a way, it was better when people "knew their place" financially. There's lots of things I want to do, but I fucking don't, and that's because I cannot pay for it. I just don't buy anything I don't have the cash for anymore. But I guess this kid will be giving a repo man work so I suppose, in some sick way, he's stimulating the economy.
post #73 of 159
SField is dead on. Well said !

In this case, it's weird that he should know what he's in for, as he's already a MB driver. It's far more common for someone to see a pristine 6 year old import car with 80k and not realize it could easily need $5000 of unseen work. Also, dealer repair prices are a huge scam.
post #74 of 159
Thread Starter 
Quote:
Originally Posted by SField View Post


Hi, I have an SLK AMG. I just had to have a window fixed and it was $1800.
Here's the difference between me and you:
I'm not broke.
You're a fucking idiot. Drive a Hyundai and stop pretending like you're something you're not. LA already has a bunch of douchebags like you driving around on credit. Don't add to it and become another moron statistic.
You're already going 1k over budget for a car that will force you to cough up $15,000 in the next 5 years very, very easily. High performance vehicles cost.
O, and have fun paying for premium gas once a week.


bored.gif

 

post #75 of 159
Thread Starter 

What if I have a trust fund or something. Or what if I'm messing with you guys. You don't even know my entire situation but you want to call people stupid on the internet. Cool. Feel big now?

 

I never understood why people love to insult over the internet. You can give people advice without calling them idiots or "fucking stupid". Grow up.

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