How much are you willing to spend on a new car? Are luxury cars worth the expense since cars depreciate In value? (Page 2)

[dreamstar72]

Two year ago we spend 48,649 on a pretty basic Jeep. Yes it was worth it since it will not depreciate as much as some. I could sell it today for about 40,000

[jamesgoldman]

Probably £250,000 if I had it

Excluding the Carrera GT, every car my friend in executive rentals cst less than that

Classic cars I would probably spend 7 figures on the right vehicle

[TheBigGuy9]

I’m not going to break the bank to get something I can barely afford, but I’m also not getting a pos. Right now I have a 2021 Silverado 1500 High Country as my work and DD. Play/weekend whatever 2009 G8 GXP.

[Makeushiver]

No if you like having a new car every few years then leasing is usually a better option. Cars depreciate in value much faster than they wear out.

[Uptowngirl88]

So are the monthly premiums higher than a car note if you're leasing?

[Sam_The_Savage]

Nah I don't waste money on depreciated money in future... but I own the shares of car manufacturers like Tesla. Pure business bets.

[Uptowngirl88]

So you don't have a car?

[Uptowngirl88]

The questions were:
1. How much are you willing to spend on a new car?

2. Are luxury cars worth the expense since cars depreciate In value?

[Mossberg500]

Doubt I'd ever buy one. I took a loan on a 7,500 dollar Mazda, and frankly the payments are killing me. Especially when the J00s/bank gave me a 17% interest rate. It certainly feels like I'm paying for a new car and I'm regretting it almost daily.

[ohshee]

Well I hope nobody goes out and buys a new car right now if you do I hope you buy electric car

[Anonymous]

We bought a 2021 highlander brand new. It was 41k including all taxes and dealer fees. We paid 20k down so we are doing 21k interest free 2 years payments.

[Levin]

I would not. I wouldn't spend more than 10000£ on a car.

[pickedcrisps]

I wouldn't but a luxury car even used that's for sure

[whosnumber1]

I bought a diesel GMC Denali, when all was said and done it was $100,000.00

6 months later I left my tailgate down and pulled out my trailer... doh! $2000 fix

[Anonymous]

My last car was a $120k. My next car will probably be around $200k. Want to get that new electric Mercedes Benz

[Mervyco]

It depends on you. I am am old codger and have driven many cars. Now I just want a reliable one.
If you want to impress people then you need a fancy car. If you are happy in your own skin, then you don't need a Bentley or a Caddy.

[exitseven]

I had a $50,000 max on a new truck. I did not spend anywhere near that.

[exitseven]

I usually keep a vehicle for 12-15 years. When i am done with it there is not much left.

[MJtheCoach]

20000$ uSD dollars when I was young I wasted a lot
Of money on cars now I only like bikes and take ubar or taxi as I don’t like cars anymore

[Twalli]

It depends on the car. Do not buy a used Aston Martin though. Everything is handmade so if you need engine repairs that can take ages.

[Likes2drive]

I spent over $30,000 on my car but it’s a Toyota and they hold their value

[Retiever]

No more than I make in a year. That way I know it’s paid in 5 years.

[VanessaKevv]

$40k.


Comment on my most recent question on my profile by the way? 😇.

[Anonymous]

I would probably get myself a DACIA LOGAN it's THE CHEAPEST CAR IN Europe from what I know