The Internal Conflict Is Strong

[Singuy]

*Update*

So apparently there's a third option I never knew about until today...discounted cars with unclean carfax! Of course is not for everyone..but I'll play and take a risk.

Came back from the dealership with a 12000 miles BMW X1 2013 with pano roof for 22k out the door! Since the car fax isn't clean(been in one accident, side swipe passenger side), no one wants the car. The car is now in brand new condition(not even a ding mark) and it's still under factory warranty (called and verified VIN). I checked all the panels to make sure they are aligned and made sure all the tires are their original ones.

Our other option was a used 20k mile Tiguan for 16k out the door but you got to live a little right?

[Jluke]

any plans to take the vehicle to an independent mechanic to ensure no structural damage/flaws to the frame or underbody?

Remember, sometimes taking the cheap way out can be expensive.

I hope it works out for you.

[Singuy]

any plans to take the vehicle to an independent mechanic to ensure no structural damage/flaws to the frame or underbody?

Remember, sometimes taking the cheap way out can be expensive.

I hope it works out for you.

I'll say something to a BMW's mechanic when I bring it in for warranty work. At the end of the day, the car cost 20k. I will lose 20k in depreciation in a Mercedes GLC after 3 years..

[tripods68]

I'll say something to a BMW's mechanic when I bring it in for warranty work. At the end of the day, the car cost 20k. I will lose 20k in depreciation in a Mercedes GLC after 3 years..

That's very good option. I take the negotiate strong to the dealer and ask for 18K out the door since there was no other viable buyer except you (knowing its unclean).

[TexasHusker]

I just leased a new Range Rover for my wife, for about $1K per month. 36 months, zero down.

Sure, I could drive a Corolla for a lot cheaper. But really the $1K per month isn't a push for me - I guess it all depends on what you want.

I scrimped, saved, amid ultimately took a few Herculean risks over 26 years to get to this point, so Dave Ramsey can kiss my a**.

Unless my financial situation deteriorates, I'll rinse, lather, and repeat in 3 years.

[Singuy]

I just leased a new Range Rover for my wife, for about $1K per month. 36 months, zero down.

Sure, I could drive a Corolla for a lot cheaper. But really the $1K per month isn't a push for me - I guess it all depends on what you want.

I scrimped, saved, amid ultimately took a few Herculean risks over 26 years to get to this point, so Dave Ramsey can kiss my a**.

Unless my financial situation deteriorates, I'll rinse, lather, and repeat in 3 years.

LoL, I think Dave has plenty of crazy cars sitting in his garage. He's no Warren Buffett.

I don't think it's in me to spend so much on a car unless I am retired and my passive income allows it. Much like spending say...500 dollars a night at the Animal Kingdom Lodge..I have no clue how much money I will need in my bank in order to wrap my head around that price and just pay for a night.

[Singuy]

That's very good option. I take the negotiate strong to the dealer and ask for 18K out the door since there was no other viable buyer except you (knowing its unclean).

The dealership specializes in unclean cars actually..it just sits in a very bad neighborhood so their clients usually look for unclean volkswagen and civics.

[TexasHusker]

LoL, I think Dave has plenty of crazy cars sitting in his garage. He's no Warren Buffett.

I don't think it's in me to spend so much on a car unless I am retired and my passive income allows it. Much like spending say...500 dollars a night at the Animal Kingdom Lodge..I have no clue how much money I will need in my bank in order to wrap my head around that price and just pay for a night.

I'm 49 and all my income is passive so I know what you mean. Could my income go down the tubes? Of course, but spending $1000 per month on a silly luxury item isn't going to alter that risk, or the potential aftermath, very much.

If I was in corporate america and always fearing for my job, with not much backup plan, I'd drive a paid for car. In fact, I did that for 23 years.

[Fishindude77]

Curious .... How come you didn't just buy the Range Rover?
Do Range Rovers have aluminum bodies?

[disneysteve]

I scrimped, saved, amid ultimately took a few Herculean risks over 26 years to get to this point, so Dave Ramsey can kiss my a**.

Dave Ramsey isn't talking to you. He's talking to folks who are drowning in debt and don't know where to start to turn things around.

If you're making a ton of money and can afford to rent a car for $1,000/month, good for you. I'm not really sure why you've chosen to get involved with a site that is dedicated to helping people save and invest wisely and get out of debt.

[Singuy]

Curious .... How come you didn't just buy the Range Rover?
Do Range Rovers have aluminum bodies?

Don't want to answer for Texas but Range Rovers are notorious for having all sorts of problems with its fancy air suspension and electronics. It depreciates like a rock and that's why the lease is 1k/month. And yes the new RRs come with aluminum bodies which is 600lbs lighter than last gen.

[Singuy]

So Steve, interesting thought about buying quality and actually saving money in the long run.

I guess my problem is how to decipher between quality and luxury. Things that are of luxury may not be made to last. You can wash anything from walmart in your washer..but fancy expensive dresses must be dry cleaned and be worn with special care for example.

Luxury cars are another example. Besides Lexus, Toyota and Honda will beat any luxury brand manufacture when it coms to reliability. Sure it may not be as luxurious but they are made to last vs. broken air suspensions and fancy clutches.

Sometimes I fee like a lot of things in life yield you very little value for your money.

[TexasHusker]

Don't want to answer for Texas but Range Rovers are notorious for having all sorts of problems with its fancy air suspension and electronics. It depreciates like a rock and that's why the lease is 1k/month. And yes the new RRs come with aluminum bodies which is 600lbs lighter than last gen.

Pretty much sums it up.

[TexasHusker]

So Steve, interesting thought about buying quality and actually saving money in the long run.

I guess my problem is how to decipher between quality and luxury. Things that are of luxury may not be made to last. You can wash anything from walmart in your washer..but fancy expensive dresses must be dry cleaned and be worn with special care for example.

Luxury cars are another example. Besides Lexus, Toyota and Honda will beat any luxury brand manufacture when it coms to reliability. Sure it may not be as luxurious but they are made to last vs. broken air suspensions and fancy clutches.

Sometimes I fee like a lot of things in life yield you very little value for your money.

The luxury cars are going to depreciate the most. Chrysler products depreciate terribly. As do Kia and Hyundia. SUVs and trucks hold their value in general much better, but you pay half again as much for the SUVs.

Best resale is Toyota, Honda, and Chevy trucks and large SUVs.

[disneysteve]

So Steve, interesting thought about buying quality and actually saving money in the long run.

I guess my problem is how to decipher between quality and luxury. Things that are of luxury may not be made to last.

Luxury cars are another example. Besides Lexus, Toyota and Honda will beat any luxury brand manufacture when it coms to reliability. Sure it may not be as luxurious but they are made to last vs. broken air suspensions and fancy clutches.

Sometimes I fee like a lot of things in life yield you very little value for your money.

The luxury cars are going to depreciate the most.

I recently Googled to see the cars that depreciate the fastest. The list was all high end luxury cars and the 1-year depreciation was sometimes 30% or more. If you really want to buy one of those vehicles, the best deal is to get one that's a year or two old. Let someone else pay for that depreciation.

Don't forget that there are "luxury" cars from Toyota, Hyundai, etc. My cousin bought a Genesis a couple of years ago and it is a great car but has the reliability and value that comes with Hyundais.