Does Anyone think it's Worth your Money to Invest in a Car that is Over 15 Grand?

Question

**Or Big Car Payments? xxoo

V_Injector · Accepted Answer

I spoke on this a little on another question about real rich people and the poser ones.

If it's an investment purchase where you'll probably pay someone else to take care of the car... that's one thing.

You buying some shit to go get groceries, then you don't even need a new car. A car is worth about half as soon as you drive it off the lot. So buy that shit off craigslist. If you have to go on a payment plan to buy a car, then why are you even buying that car... trying to look cool? WTF?

Too many people in this world try to keep up with the Jones, and nobody really give a shit.

Look at Bill Gates's clothes... I can buy his outfit for under $40 at the thrift store. That's what real money does. His divorce (I'm just going to hint at this), that payment... now think about this... isn't that one way to transfer money without the same taxes having to be payed? They're not buying shit for no reason. Start paying attention to what Nancy Pelosi buys in stocks and buy that shit too if you want to be like them. But don't go buy a fucking BMW like a retard.

Now I know that flashy shit appeals to young people that don't have shit. Tupac counting a stack of $20 bills that couldn't of been more than a couple thousand looks really fucking flashy to some kid that's not even allowed to work. But think about it, those little stacks the bank gives you are 10k for each one.

I'll put it like this... you need a tool, a fucking screwdriver because you're going to do some shit you need a screwdriver for. You're just dumb if you buy a gold or platinum screwdriver. Buy a used car that works... don't buy some bullshit you don't even need.

superchan2011 · Accepted Answer

No I don't think you should spend more than 15 grand for a car honestly, I feel like that kind of money and higher should go towards owning your own house instead. You can have a car that works good and looks decent for considerably less. It may not look super flashy but I don't care about the looks of a car as much as I do how well it works.

Dinklex3 · Accepted Answer

I wouldn’t say it’s “worth it”, but that’s what I’m doing, lol.

When I was looking for a car last year I saw a lot of old shitty cars for $20K+.

So I just bought a new one with basic fancy gadgets to help shitty drivers like me. My car payments are about $760 a month and it wasn’t even the car I wanted 🥴

Agape93 · Accepted Answer

Nope. I'd rather buy an older one I can either repair or have repaired easily and cheaply. I don't need anything fancy.

JoePro_ · Answer

I think, if your intent is to get as much life out of it as possible, then a new (likely more expensive) car (with regular oil changes, tire rotations, and coolant top offs) will do that for you. You could get 20 years (easy) out of a new car that you do regular maintenance on. So if it's 15k. That's less than a thousand a year. But if you're really hard on vehicles and avoid regular maintenance, you might be better off with something used, probably sold directly by the owner instead of a dealership so there's no profit margin. Just whatever the owner thinks it's worth.

Phoenix98 · Answer

Not really considering you'll probably pay at least that much in repairs over the years you'll own it since modern cars are deliberately made so that you can't fix them yourself.

On top of that the car is going to lose about half it's value the moment you drive it off the lot.

I paid 1,500$ for my truck it's 30 years old and I've probably put at least 3,000$ into it at this point. But it's paid off and I don't have to worry about car payments and I can fix or try to fix most things on the truck myself without taking it to a mechanic which saves me money. And parts for it are extremely common and even if I sink another 5,000$ into it I'd still be saving money compared to if I had bought a car from a dealership.

Moral of the story be smart, car dealerships are a scam.

Med_guy1978 · Answer

I personally think it's worth buying a nice looking economical car and looking after it for 5-10 years rather than buying one for 5 grand with high mileage. By the time you change the clutch, fly wheel, injectors, cam belt or chain you've spent another 5 grand and have a headache. Plus if you are in the US where automatic transmission is quite standard, if your gearbox goes then that's a big cost too. Lexus hybrid petrol works with a different system so are very economic and reliable. If you don't have the money then I guess you buy what you can afford but if you can invest a little more then it's worth it. I like the saying, I'm not rich enough to buy something cheap. Obviously just a generalisation.

shoeboxcerealcard · Answer

Yes , if I want it. Don't live small; instead, increase your earnings. If you cannot afford the lifestyle and things you want then you're doing your life all wrong. You gotta learn how to earn money. This isn't a test run; you get 1 life and then it's over.

SolivagantRises · Answer

I think that 15k would be my limit as well when buying a car for a small family. Over expensive cars do nothing but define your social status. If you don't care much about that, then just make a practical choice coz let's be real, a 15k car would drive as far as a 20k. Luxury/features are secondary when opting for a more practical choice.
But it also depends if the person has a large family, then they might need an SUV, in which case they would easily spend around 20k or more.

dreamstar72 · Answer

Definitely make a difference on what you buy, not really invested in unless it’s a classic. In 2019 I spend 49,695 on a new Jeep Wrangler lot of money for me at the time, but always wanted one. Today if I sold in could easily get 42,000 from the right person. So not bad loss for five year of driving.

Fireguy17 · Answer

Depending on what kind of car your basic car is not an investment.
Unless, it is a classic that is not over priced to start with those will continue to increase in value, but they will cost more than 15k.
Otherwise buy a good one, take care of it and it will last a long time, hopefully way longer than the payments last.

exitseven · Answer

To me a car is transportation. It brings me and my cargo from Point A to point B.

I buy a vehicle new and take care of it and keep it for a long time. It is not really an investment because almost all the time you will lose money on a car.. I usually spend a lot more than 15K but it is necessary.

Anpu23 · Answer

There are 3 kinds of cars:

1 commuter cars ones that you own to just get to and from

2 show cars ones that you own to show off

3 cars you get because they are FUN, ones you really want.

The second two are definitely worth your money.

worldscolide · Answer

Honestly no. My wife and I refuse to buy anything that has a factory installed GPS system, infotainment system, or rally any kind of car that's overly electronic. I don't want any way for these shitty manufacturers to track what I do and sell info to data brokers.

It's why my car is a stick shift, it's why nothing in it is power (no power locks or windows or seats) it's why I don't have any kind of infotainment system in the car..

Sharkstealth · Answer

I think it's worth it because of free basic maintenance for 10 years that is standard now. I know people who sell and buy new right at the 10 year mark. Personally I buy as 2nd owner and continue to take it for maintenance at the dealer only. They seem to last longer that way instead of my crappy job at maintaining.

OddBeMe · Answer

Depends what people are into. I have camera lenses I probably don’t need.

But statistically, buying used and a well reviewed model car can last you over 10+ years. Most car buyers trade theirs in because of consumerist want.

Hey it’s capitalism.

AviatorTom · Answer

In the US, even simple compact cars cost more than 15 grand... for a new car. About the only car you can get for less than that is a well-used car.

Apple1996 · Answer

15k is cheap now a days for a car. Mine cost 38k but it's a bigger car with lots of features. It's been well worth the money. Maybe for people who don't drive a lot and don't have kids then a cheaper car would be fine

RebelinSteel · Answer

You don’t invest in a car, a car depreciates the moment you buy it. There are a few cars that do increase in value but not many. Tbh I get circa £15k discount on a few new cars.

DryGermanGuy · Answer

Depends on what you really need. If it’s for a job, then you probably want the best tool. If it’s just a private luxury, then you really have to have the money to throw away.

TommyMountainFigure · Answer

That's a Lexus Paris. That's WAY more than 15,000 And yes, absolutely. I mean I know it's just for getting from A to B, but getting from A to B in style and comfort is a whole lot better!

lightbulb27 · Answer

Not much out there under 15k. Yes we have in the past.. make it good quality one

Soldieronmission1 · Answer

A car is not an investment unless it's a classic or rare car. All other cars are a depreciating item losing value as you drive it. So they're only worth what you're willing to pay and want to afford and yes they've gotten way you expensive.

jamesgoldman · Answer

Find me a new car under 15k but that aside it isn't worth it unless it's making money My friend in exotic rentals has a Porsche Carrera GT that cost him £500,000 but that grosses £15,000 a day

Mark987 · Answer

Cars are NOT an invesement, it's a luxury.. that being said if you bought the car rigth before covid, good chances are you would make money off that purchase as used cars sale prices are at an all time high.

Wiredone · Answer

The most expensive car I bought was a subaru outback for my wife's birthday. It was a year old with 8 thousand miles on it. I paid 17 k for it which was below market value. We've had it for 15 years now without any problems.

TrueConfection · Answer

My first priority when buying a car, whether new or used, is reliability.

Paradiseequeen · Answer

Nope I prefer used and affordable! I’m way too cheap for that

Surely · Answer

If you can find a good used car for that price. You don’t need to have the latest, greatest and shiniest. Then no. You don’t need to spend the money.

MsBrie · Answer

Heck no! go with something that fits your budget, girly!

DJB72 · Answer

Cars depreciate. It's only an investment if it appreciates in value

deus_ex_sisyphus · Answer

If you have no other usable car, and a stable source of income that can fit the loan terms; I say go for it

LiamJHayden · Answer

Most decent cars were I live are more than that, but most things are inflated here. I just will not overspend or go into debt for one.

Likes2drive · Answer

Depends if the car is worth that before investing more into it, cars cost a lot these days if it has low mileage

clampfan101 · Answer

Maybe if there weren’t so many idiots on the road.

douride2 · Answer

I just put out about twice that on a new vehicle.

loveslongnails · Answer

That would be determined by your income and need.

msc545 · Answer

Cars are not usually investments. They are tools. If DO you buy a car as an investment, you don't drive it.

Dongie · Answer

Heh, if you want four wheels and its motorized 15 G's is pretty much the lowest you could go.

DextroShade · Answer

Cars aren't an investment because they depreciate rapidly once they are driven off the lot.

fuddly · Answer

I think i spent exactly 15k on my car So we're on the same page Paris But if i had the money I'd spend about 50k 👍

EndlessVoid20 · Answer

I personally can't afford it but if you can I'd say why not (:

Nice222 · Answer

I don’t consider cars and Investment. Just a cost of living.

Anonymous · Answer

It can be if you need a large car for family, business or for some other reason.

midnightmoon05 · Answer

Looks like my other car… love that car. So much we got 2 … 😊 invest? Wouldn’t call it invest… cars are just for fun for me. And takes me places.. wait.. I do love cars ziooonm

Insecure2 · Answer

I think investing in cars is not the best option. Cars get replaced by other newer and better models quickly so even if you but one ITs value will decrease rapidly at that same point.

thegreenyogi · Answer

No not in my opinion. Its just a car. Xx

Nikki1989 · Answer

No, cars are just big money pits.

OlderAndWiser · Answer

Depends on the car and how it will be used.

MicahRaine · Answer

Over 16k there are few cars that will maintain their value. (Former car flipper/invester/broker here)

Exterminatore · Answer

Depends on the car and the condition.

Massageman · Answer

We use the Bohemian easy payment plan- 100% down, no monthly payments.  But it will NEVER be for an electric.

OtterMan68 · Answer

yes, if you think it's dependable

LiamS95 · Answer

Can you buy a car for less then 50K now?

Nifrayu · Answer

Nope. Not for me.

nawtee_me · Answer

Trucks run from 50k to 75k

shortster · Answer

Aren't 99% of new cars over $15k?

Bklynbadboy12 · Answer

Yes to me it is I have a car and a pick up and the worth more than 20 grand hell my motorcycle is is almost worth that

CubaPirate · Answer

Only if you can afford to

Robinbegs · Answer

Absolutely

Jamie05rhs · Answer

No; it's not worth it.

Does Anyone think it's Worth your Money to Invest in a Car that is Over 15 Grand?

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