I am a New Grad hire, and require to travel 60 miles daily for commute. Before asking, I have gone through the forum and found the following: * Car is a depreciating asset, so buy a second-hand car; invest money somewhere else. * Go for a car like Honda Civic, Tesla or a hybrid one so that you can juice out more. My minds gets it, but my heart wants a brand new AMG or an M series though I have a student loan (which I plan to repay in an year). Anyone in the same boat and want to share their experience or decision? I don't think I will be changing my car in the next 5-10 years. I do welcome criticism from our industry seniors looking at this post. PS: Monthly expenditure: $700/month + a lot on food and drinks (1500) TC: 150k #newgrad #faang #car #investment #leisure
If you travel 80miles per day by car, maybe you should consider moving closer to work
Get a car that's priced lower and direct the money into renting a place that's not 40 miles from work jeez. You'll kill yourself with that commute.
Don't be a dumbass, you know an M car is a waste of money to begin with, but buying a new one? The depreciation and maintenance are gonna haunt you
All BMWs are notorious for oil leaks and transmission issues. AMG are well made cars but that service cost will fuck you in the ass
Use the cost of the car to rent a place closer to work
Infiniti Q50?
Pay off debt then Build your net worth before burning money
If you like where you live and are going to be driving that much might as well enjoy the ride. As long as you budget responsibly splurging on a car isn’t going to kill you. If you look at everything in life as an investment decision you’re not going to have any fun.
Buy a CPO GTI. You won’t regret it
If you keep the car for 5 years you are burning on average 12% of it's purchase value per year or so. Your call.