Average Monthly Auto Loan Now $503 @ 68 months

[PrnzHakeem]

No point since you bought the car and convinced yourself it is a solid purchase.

You told me I could find a newish RX 450H for $12,000. You lied. I wanna see the receipts.


You also claimed Lexus is not reliable and has expensive maintenance costs. (Which is false) Then I asked what car you drive. You still haven't answered.


Seems like you tried to fit MY expenses under YOUR budget and now you feel some type of way.

 

[AkilinaArina]

Nah, been driving BMWs for 15 years, never had any major problems.

Had a benz once. Won't make that mistake again.

I heard about Benz problems

 

[Apollo Creed]

I'm thinking about buying a used Audi... Anyone knows about if they're good or not?

Id never buy used german, lease only.

 

[acri1]

I'd be disgusted with a car note anywhere near that.

#usedcarnonotegang

 

[AkilinaArina]

Id never buy used german, lease only.

They give problems?

 

[Apollo Creed]

They give problems?

Not really but they are engineered so complex and less people drive them compared to japanese so say 6-7 yrs down the line when you need to get a repair done the costs will still be that of a car that was 30-50k. Its idiotic imo to pay 1k+ for repairs on things that isnt something like a tranny or something. Imo if you want to buy a car go japanese or american if you want german than lease it UNLESS you do your own work om cars

 

[Quiet Magician]

You told me I could find a newish RX 450H for $12,000. You lied. I wanna see the receipts.


You also claimed Lexus is not reliable and has expensive maintenance costs. (Which is false) Then I asked what car you drive. You still haven't answered.


Seems like you tried to fit MY expenses under YOUR budget and now you feel some type of way.

I never said Lexus is not reliable but I did say maintenance costs are expensive which is true.

 

[TLR Is Mental Poison]

Take that 400-500 car payment, put it in a Roth IRA, 25-30 years later you got easily over a million that's tax and penalty free.

Wanna look like a baller though

You can't drive a Roth IRA though

And if your credit is good it's not too difficult to find places that will give you a killer interest rate these days. My car loans are like $150/mo a piece @2.5% or some shyt. Meanwhile there are conservative blue chip stocks returning 8, 9, 12% on nothing but dividends I will gladly pay a 2.5% penalty to net 6-8%

And buying a new car is a stupid financial move period. That depreciation will kill you. If you can get a used car and an extended factory warranty you should be good. Average age of cars on the road in the US is like 11 years. You get a 5-7 year old Honda or Toyota or something you should be able to get like 4-5 years out of that bytch no problem. shyt my wife's car is an 11 year old VW and we haven't had any big issues over the last 3 years we owned it

The thought of blowing cash on a depreciating asset that gives no more functionality than a cheap used one makes me shudder. We just spent $12K replacing the central A/C in our house..... having cash on hand instead of tied up in bullshyt like cars is GOD in America

 

[Kyle C. Barker]

I'm thinking about buying a used Audi... Anyone knows about if they're good or not?

Don't do it. You'll constantly be in the shop getting repairs. My mom had a quattro in the 2000s (think it was a 2005) and i dropping her off at the dealership was a bimonthly thing. Not even talking maintenance either. Very pretty cars to look at though

 

[TLR Is Mental Poison]

Lexus cars are notorious for expensive repair costs and maintenance.

No they aren't. Lexuses are Toyotas. They are bulletproof. Literally the only things that might cost a little more are brakes, tires and headlight bulbs. Everything else is literally identical. I'd "gamble" on a Lexus before something like a Ford or Hyundai.

 

[AkilinaArina]

Don't do it. You'll constantly be in the shop getting repairs. My mom had a quattro in the 2000s (think it was a 2005) and i dropping her off at the dealership was a bimonthly thing. Not even talking maintenance either. Very pretty cars to look at though

Yooo they're that bad? I hear horror stories and then good stories

 

[TLR Is Mental Poison]

Yooo they're that bad? I hear horror stories and then good stories

They have got a LOT better since the 90s/00s but I still wouldn't do one out of a lease. The newest ones are the most reliable by far, old ones aint worth shyt.

 

[Kyle C. Barker]

Most people can't afford the cars they are financing. The average price of a new car is about 31-32k. A study shows that the average American can only afford a 17k car. Goods and services outpacing wages as normal. Nothing to see here.

I found out the hard way. Bought a brand new jeep cherokee straight outta school for about 25k but was paying $400 a month for it. I was making 60k a year then and that car payment kinda put a dent in my budget after rent and school loans.


I stay driving slightly used hinda civics these days and I keep the loans under $10k so I can keep the monthly payments at or below $150

 

[Standing on business]

I never said Lexus is not reliable but I did say maintenance costs are expensive which is true.

Lexus IS the most realizable luxury brand there is and by them being Japanese and not German, their repair prices are a lot cheaper than their competition

 

[Kyle C. Barker]

Yooo they're that bad? I hear horror stories and then good stories

Unfortunately yeah


Mt parents were all about Volkswagen and audi growing up so I do remember when those cars were actually good. Then about 2000 they just stopped giving a shyt about making reliable cars