sports luxary car a good investment?

[12sec50 stang 10+ year member]

Ok so heres the deal in the coming months i will be able to purchase my first vehicle on my own i am in the military so i have very minimanl cost of living expenses. i.e. cell phone, eating out,etc. i received 26,000 bonus which i will get half up front and the rest broken down into my check. the cras i was considering are a used 04-06 bmw 645ci, 06-07 dodge charger srt8, and the 03-04 cobra. i really want something like this http://www.autotrader.com/fyc/vdp.jsp?car_id=238507791&dealer_id=571363&car_year=2004&num_records=25&model=645CI&make3=ASTON&systime=&make2=JAG&start_year=2000&engine=&keywordsrep=&keywordsfyc=&certified=&fuel=&body_code=0&search_type=both&distance=0&marketZipError=false&model3=DB7&model2=JAGXK8&color3=&color2=WHITE&search_lang=en&first_record=26&make=BMW&color=BLACK&keywords_display=&page_location=findacar%3A%3Aispsearchform&min_price=&drive=&default_sort=priceDESC&max_mileage=&style_flag=1&sort_type=priceDESC&address=70734&advanced=y&end_year=2006&pager.offset=25&transmission=&doors=&max_price=42000&cardist=270

so would it be wise to put say 6-7 down and finance the rest to help my credit score which isnt bad i just don't have any credit history

Click to read more...

 

[morgans432 10+ year member]

those cars are a ***** to change the headunit and upgrade car audio in

 

[faulkton 5,000+ posts]

yeah thats a really good idea.

 

[hoss 5,000+ posts]

financially, no. for your happiness, most definitly //content.invisioncic.com/y282845/emoticons/biggrin.gif.d71a5d36fcbab170f2364c9f2e3946cb.gif

although IMHO a dodge charger and a mustang are not sport lux's... the charger is not a sports car nor a luxury car IMO, and the mustang is not a luxury car at all, but it is a fast sports car //content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.gif

not putting down your choices, just MO

 

[mackin 10+ year member]

i'm pretty sure cars arent a good investment...

 

[goonandbuck 10+ year member]

or you could just spend 13000 on a dependable car that you will own and get a credit card........you gotta think about cost of upkeep on a car too, fancy cars= more money to fix any thing that happens

 

[bonesninja 5,000+ posts]

"sports luxary car a good investment?"

short answer = no

terrible "investment".....the word investment implies that you are expecting a return on money.. Buying a sports car will not bring any return, in fact, they will depreciate rather quickly. As soon as you drive it off the lot, you've essentially lost money on it.

 

[goonandbuck 10+ year member]

and if you want a good investment get real estate its cheap right now and it will go up, cars only go down

 

[miker 5,000+ posts]

Well.. with the BMW.. Expect parts to be super expensive (yes they are, EXTREMELY expensive.. Not even funny... Just crazy)

The Charger on the other hand, will be a cheap fix, and lower insurance..

How can you compare a charger to a BMW?? Theres no argument, get the BMW..

 

[RedlineAccord 10+ year member]

Why not go cheaper? Find a used G35 coupe around here. You'll spend less money and still get a great car. On that salary a 6 series beemer and charger SRT-8 seem pretty steep. You don't want to be working nonstop or using all your bonus money to put towards a car. Better spent in other areas...

 

[bonesninja 5,000+ posts]

revovling credit is the easiest way to build a good credit history. As long as you make your payments on time

 

[hoss 5,000+ posts]

Buying a sports car will not bring any return

financially no. but like i stated, if you can afford it and it makes you happy, that makes it worth it IMO

 

[12sec50 stang 10+ year member]

when i said investment i meant as in it being a good i dea i already have a vehicle the new one will be just for pleasure and not every day driving

 

[bonesninja 5,000+ posts]

financially no. but like i stated, if you can afford it and it makes you happy, that makes it worth it IMO

absolutely

 

[12sec50 stang 10+ year member]

i have more money that just the bonus i was just going to use part of it and put cash down and im not in no way shape or form trying to compare these cars these are my 3 favorite cars and im just trying to see if i will be able to afford it financially