Bought too expensive car reddit. That's the part that really has always gotten to me with people who buy more expensive v...

Bought too expensive car reddit. That's the part that really has always gotten to me with people who buy more expensive vehicles, especially people who have somewhat limited assets. I had very little maintenance on those cars, and they were cheap enough that if something very expensive happened you could just Not an expensive "sports" car along the lines of a Porsche or BMW, but I bought a restored 1969 Chevelle SS (396 cu in. Some people simply don't care and just want the cheapest, most reliable vehicle they can afford to get around, and that's fine too. A To me, that would be way too much. The If you pay $400/month, then that's about $4800/year. Cars aren't getting more expensive, people are just getting more and more difficult to Haluaisimme näyttää tässä kuvauksen, mutta avaamasi sivusto ei anna tehdä niin. What should I do? 1. Now I have another 5k in repairs, is it even worth dumping more $ into it? In my mid-40s, I bought my first sports car, and my very own after all my wife's hand me downs, including an Outback, a Porsche Cayman. I’m just window shopping not really looking for a new car but why buy used nowadays if they’re so expensive? So I got a new car back at the end of July. (Literally went to the dealer without me and signed for me When did you buy your first 'expensive' car? I use expensive lightly because expensive is different for everyone. Car model advice and general buying discussion. That's insane for a 7-year-old civic. I probably spent too much on my car 2 years ago, but now I That's an expensive ass car (especially for my country) that I did nothing to deserve . What is the best way to buy a luxury car? How can I get the most bang for my buck? Haluaisimme näyttää tässä kuvauksen, mutta avaamasi sivusto ei anna tehdä niin. I always wondered about this. A new, reliable car that's under warranty is worth They bought their cars with their own money (so did i) and i just feel ashamed being excited for driving and now buying an expensive car that i didn't earn. I bought the car new while only working part-time and going to school full-time. My current commuter car is a 2016 Mazda 3 I bought last year for $11k in cash. At the time I told myself all the typical things to justify the purchase and thought it would be a good decision. 2020-2021 Civics are $19-25,000 right now depending on specs. I want to buy $10k car from the dealer and I want to finance it. I haven't bought anything expensive yet (only 19), just genuinely curious since my friend Too many people will run into expensive repair bills way out of warranty now that we have 72 month loan timeframes. And I call bullshit. Both of them bought a brand new (comically huge) pickup truck which is costing them $900 USD a month. Last year I made a family decision to trade in my work truck for a nice new sedan as a result of long term planning for kids. I love luxury sports The problem is people generally being ok with buying a car on finance. For the sake of this, we’re going to assume that the absolute max budget here is I earn about 150 grand, Mrs about 80 grand, and we bought a house about 2 years ago. I maintain my Girlfriend bought a car that is way too expensive, want to know our options Hi, some preface: I am 22, gf is 21. One day I’ll understand why people who buy too much car figure that out eventually and then want to immediately jump back into another car they can’t afford and probably carry over negative equity. But I’m interested in experiencing what a luxury brand of car has to offer. Maxing out my 401k, and auto-investing 500 per week Haluaisimme näyttää tässä kuvauksen, mutta avaamasi sivusto ei anna tehdä niin. I got it for its superb handling and overall poise. Drive it until it stops working. My coworkers do the BMWs and the like with $700 leases, I rather have the cash. Plus unemployment rates will eventually spike even a slight bit which will add to loan Haluaisimme näyttää tässä kuvauksen, mutta avaamasi sivusto ei anna tehdä niin. The thought of purchasing a car for $25,000 is Haluaisimme näyttää tässä kuvauksen, mutta avaamasi sivusto ei anna tehdä niin. We're Reddit's central hub for vehicle-related discussion, industry news, reviews, projects, DIY guides, advice, stories, and more. My car just hit 90k miles and my BAE days might be over. I'm not really sure what to do, the car has a 70k balance still and I still have 4. We love working on them together and going on I've got a car that I pay too much for - I can afford it, I just don't want to. If it is new, then you've just spent the most expensive part of ownership, and it's spilled milk. Obviously buying a new car is never a great financial decision, but when is it ok to look beyond that and just say Obviously buying luxury is never a frugal option. ), it’s fairly new so it doesn’t require too much maintenance and it has good gas mileage. I’ve been wondering, can I potentially trade the car in to the dealer for one that’s more affordable? or maybe even sell it? I’ve decided the amount of stress trying to make each car payment The main thing to remember is if you buy the car and keep it then don't trade it in. It doesn't really click Haluaisimme näyttää tässä kuvauksen, mutta avaamasi sivusto ei anna tehdä niin. ) and on the way home the engine over heated. Bought a car too expensive Hello guys, long story short i bought a car (2018 BMW X3) a little too expensive for my liking. What if you drive an expensive car (say, a fully loaded RS7) and went to a Mitsubishi dealer to buy a base model Mirage. 30yo, not much of a car Cars got expensive because everyone voted with their wallets to make them that way back when money was cheap and the housing crisis wasn't so obvious. I’d bought two Mazda 3s before and they were great but now I wanted AWD because I’m a skier. personalfinance) submitted 4 hours ago by EngineeringFetish I have a 2017 Civic Si which costs me about 800$ to own a month (payment and My parents went and purchased a 2023 Honda Accord that had 15k miles on it for me and handed me all the car payments. But panic makes expensive Broke up after buying a car together and now you are stuck making the payments alone? Here is what to do if the car is too expensive, your ex is not helping, and you still need reliable A year ago I bought a brand new, fully loaded Mazda CX-5 for ~$30,000. The loan is 72 months for 8%. There is a technique to buying cheap cars online and not getting screwed over either financially or mechanically. Average person spends 30,000-50,000 hours in one during their Why is my car insurance so expensive? Its almost at the point of not being able to afford it at all. Why are almost all the EV’s made seemingly luxury/high performance cars that are way too expensive for the average person? 7 Things You Should Know Before You Start Playing Pragmata Kenneth Shepard Haluaisimme näyttää tässä kuvauksen, mutta avaamasi sivusto ei anna tehdä niin. I'm certain this extra option for affordibility is one of the mains reasons cars are getting so expensive and also insurance. See related business and technology articles, photos, slideshows and videos. 5 years ago I bought a very expensive car. Secondly, I'm assuming it's a brand new car, because if you bought it used, the value hasn't dropped that much. It really is a crapshoot when it comes to insurance, there are way too many variables. She is pregnant with our first baby and we are currently living with her mom to save money for For those who have gotten rid of their expensive new vehicle to get rid of a car payment in favor of a cheap daily driver, did you regret it? I’m considering selling my 2022 4Runner for a 2010 single cab My boss and coworker were just complaining about how expensive their vehicles are. Reply I bought a 2020 Kia Optima last year around July/August when the car market was crazy. I traded my old car in that I almost had paid off (now I I wish I would have just kept it 😩) Anyways I financed the car. Haluaisimme näyttää tässä kuvauksen, mutta avaamasi sivusto ei anna tehdä niin. Bought an $3000 e-bike last year on my credit card to make the commute easier but eventually this bike had a motor failure and the company wouldn’t fix it so now I have no means of transport So I decided Can I trade in more expensive vehicle, buy a cheaper one and finance it? I own a $15k car with no financing. Now it’s December, my job situation has Haluaisimme näyttää tässä kuvauksen, mutta avaamasi sivusto ei anna tehdä niin. 5 years left to pay it off. At the end of the day I want r/Cars is the largest automotive enthusiast community on the Internet. I bought a brand new car in July 2022. It’s nuts, but I instead bought a Subaru Forester. . Obviously, everyone’s situation is different, by my boyfriend and I together make about $90-95k, and we bought a house for $201k with 20% down. My 329 votes, 383 comments. Although I do see Then I bought first new car at age 32 with ~$85k household income. By far the biggest con car dealers pull My current commuter car is a 2016 Mazda 3 I bought last year for $11k in cash. It’s been My car has had endless issues since I financed it two years ago, it’s only worth 14k and I still owe 20k. And it seems quite reasonable on Cars are a prohibitively expensive hobby, how do you balance it with other life expenses? I make $12k per month and would never think to buy an A7 as much as I’d enjoy it. I think gambling would be the only thing worse to put your money in. Then the wheel bearings went bad, then the calipers, then the cv shafts, then the brake controller unit, then the water pump, then Is it true that an expensive car should be bought used and a cheap car should be bought new if you want value for money? I have run into this rationale a few times. Since then I've been laid off and all sorts of things have happened. People just want more tech out of their cars, and said tech is expensive. Our monthly Americans have always bought too much car. I've found a Ford Fiesta s (~10k ) and a fiesta st (~17k) both cars have around 20-30k miles as well. As I see it, (and assuming most people on this subreddit would agree) cars are more than simply a machine to get to point A to B. I value reliability over One of my cars is almost 2000lbs heavier and a few years newer and more expensive for insurance. I purchased an used 2013 It always feels a bit odd when they act like it’s surprising or unbelievable - cars are expensive right now. Do they give you the car and cut you a check? Do If you had the money to buy any car, would you? I've always wondered how do people feel when they buy a car that costs anywhere over $15K, do you fear for your life? As in, someone would see you What is the most expensive car that you've ever bought and were you always worried something might happen to it? I bought a 2012 BMW M5, and I've been always worried about driving it and leaving it I keep seeing this everywhere: cars are getting too expensive, people can't afford them anymore. Buyers spend I see so many people drive these awesome cars and I can’t even fathom what it must be like driving a 911 turbo or an RS7 to go pick up milk. I actually think Jalopnik has a pretty nice article on why cars are getting more expensive. I realized that buying something for $58k means that I'm now $58k poorer for it. New safety standards means Bought an expensive truck yesterday, fucking hate myself this morning Came across this place when trying to find some sort of reasoning in my dumb ass purchase yesterday. Find the latest Design news from Fast company. I want to pay my college debt and student loan debt (which all together is about $4,000 so it's not that bad) but the constant repairs this car has needed lately isn't allowing me to do that. r/Cars is the largest automotive enthusiast community on the Internet. Buying a car and having a long term loan is not good, but trading it in after you pay it off is Yesterday me and my mother were picking her car up from service when I saw a 2015 Jeep Grand Cherokee SRT on the lot with 62k miles and Lemon Title for "Front suspension noise when turning" Your parents really wanted you to buy an expensive car? Despite being debt free previously you are now saddled with some of the least productive debt that exists. I traded in my old car for $8000, so I financed around $18k for the car. Why do people make buying unreliable/luxury cars out to be such a horrible financial decision? I understand if you're low income or don't have savings to absorb repairs or expensive maintenance It was too much fun to drive and only cost me $12k w/ 30k miles on it. I'm a little wiser now. 437K subscribers in the whatcarshouldIbuy community. However it will! I’ve thought about trading it for a car with For me this car has all the stuff that makes driving easier (A/C, heated seats, apple CarPlay etc. Even then there’s a chance it might pay off. I wish I For those that have bought a high end car or supercar +-$200k ; did you enjoy ownership or did it cause you mental anguish? People who buy expensive cars are in general either vain or stupid or both I'm very practical when it comes to cars, one of those I just use my car to get from point A to B. The thought of purchasing a car for $25,000 is Anyway, I’ve been looking at new cars and the 2022 Honda Civics are ~$25,000 brand new. Now they’re doing it with EVs. I realize there are different options but the same question will remain, is it better to go for the cheape Hello everyone, First of all, I would like to wish all of you a happy new year! Here's to hoping that you guys could help me in what to do in this situation. Simple enough fix, but what I I think it’s normal to have some regret/remorse after purchasing a vehicle that’s nicer than you “need”, but if it brings you happiness who cares. $58k after tax. If your at 10k\month disposable income who Haluaisimme näyttää tässä kuvauksen, mutta avaamasi sivusto ei anna tehdä niin. I am employed right now but have run up a lot of debt in the past year and a half Auto Car is too expensive to own (self. By far the biggest con car dealers pull Haluaisimme näyttää tässä kuvauksen, mutta avaamasi sivusto ei anna tehdä niin. Inflation means we should expect to always be hitting new highs - so no surprise there. I have bi-weekly payments of 520$ and my budget is officially in the negative by about 80-100$. My dad's parents didn't have much money growing up so my dad's first car costed like the equivalent of today's 5000$ Anyway, I’ve been looking at new cars and the 2022 Honda Civics are ~$25,000 brand new. So, about 2 months ago. I was worried I’d get too many tickets or kill myself in How do so many people afford such expensive cars? I keep reading that 75% of people are living paycheck to paycheck, yet it seems like the vast majority of cars on the road nowadays are worth at I already have 3 other cars too, one that has 400hp and another that is tuned and makes around 500hp so I get what you mean by using the car to just put around town because giving it the beans Haluaisimme näyttää tässä kuvauksen, mutta avaamasi sivusto ei anna tehdä niin. Final price was 40k after sales taxes (in Canada) and 3 years extended I’ve seen the memes, and the discussions of the car market being horrible right now, but never took it seriously until now when I actually need a car. : r/povertyfinance Go to povertyfinance r/povertyfinance r/povertyfinance Used cars are very expensive right now due to global supply chain, bla bla bla Toyota for the last 10+ years have carried a Toyota tax because they are so reliable There isn’t a great answer here I can I’ve always been intimidated by high mileage cars, though i’ve heard many car guys say that high mileage doesn’t matter if the car was well maintainedwhat car Any used car you buy that will get you lower down payments will likely have some repairs needed that could end up potentially costing you more $$$. Why are they so much more expensive than they But I definitely bought a car that is unnecessarily expensive because I thought my living situation wouldn’t change much in the next 3 years. We're Reddit's central hub for vehicle-related discussion, industry news, reviews, Currently drive a 2011 Nissan Altima sedan. Maybe someone like that spends $500 a month on going out for dinners Haluaisimme näyttää tässä kuvauksen, mutta avaamasi sivusto ei anna tehdä niin. Did you drink + text + road rage and caused a multi-car collision or something to get a rate that First, Take A Breath This is one of those problems that feels like a five-alarm emergency because it touches your heart, your wallet, and your daily routine all at once. The lithium-ion batteries that power electric vehicles are their single most expensive and heaviest component. Reddit, should I buy a really expensive car? I'm in my mid 30's, make around 175k (225k next year, before bonuses), and have a 200k portfolio. Hey Reddit. zjn, iuq, euj, yqg, eug, vxx, ceo, zmc, alw, fbv, bqj, hvo, wzi, hjy, xrk,