Should i get a new lexus?
Should i get a new lexus? - 1
Added (1). I'm 24 working as an engineer making $70k +. I still live at home looking to get an apartment in the next couple months. I drive a 2011 honda civic and my parents want me to get a new car because recently its giving me problems.So lexus has come out with a new version of the is250 and it would cost around 40k. My dad said he would put the down payment of 20%. My monthly payments will be about $500 a month. My current expenses are around 1k a month. I have over 30k saved/invested.
Look at the priorities. In my opinion, getting an apartment is far more important than getting an expensive car so early on. I'd settle on a cheaper car, focus on getting an apartment, and then working towards a better car of your choice.
No. Too much car ( $ wise ). The Camry is (almost) the same thing, but less expensive. [ Ditto whatever is in the Honda line.] And why the heck is your dad making the down payment when he is feeding and housing you, and you have money in the bank?
Your dad could totally fix that civic up for less than $8,000 and it would go for many more years - at minimal expense to you (the usual tires, oil changes, brakes, etc).
You need to save all of the money you can so that you can buy a house some day (then get a spouse, kids, and mini-van <- lol, but true).
Q: "should I get a new car?"
A: "can you pay cash for it?"
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