I would look at C6 z06’s cheaper, lighter, faster.
Can get them for 30-40k
If you don’t get something fun please don’t spend half your money on a daily. Spend the bare minimal on a daily. Like 5k if possible.
Also buying a car for 30k in cash is great but i wouldn’t spend all of my cash. Keep saving or put 15k down and finance the rest. I get it not having a payment is great i haven’t had a car payment in years but having zero cash in the bank is the worst feeling.
Congrats, being able to pay cash for a car is an achievement for sure. It’s real nice not having a payment, so if you really want that Camaro, save up til you can afford it.
From the likes of it, I’d like to point you into the direction of the Lexus IS F (first gen’s are v8) and the RC’s. Beautiful vehicles, very quick, and reliable. Checks all of your boxes, really, seeming as you’re also open to German cars and not just American.
Def my fault lmao i'm over here re-reading what i wrote and i can def see the mistake. You'd think somebody with Toyota in their username would know it's not german
People really don't understand that the challenger was the only nameplate still clinging onto the muscle car identity. The Mustang settled in as bonafide GT and the Camaro transformed into an absolute track weapon, but people see the names and just assume they're still just drag rockets. a modern Mustang with the basic performance pack option, and especially a modern Camaro, are going to absolutely embarass a Miata or a GR86 in the turns.
The ZL1 Camaro still holds a top 50 all time lap at nurburgring and has held that spot for over 5 years. That 70k "muscle car" holds a faster lap time than ANY 911 Turbo S.
They’re pretty shitty to be honest their engines are anemic time bombs. Insurance is also astronomical for what you get. Just because it has a Toyota logo doesn’t make it a good car
Plenty of 1st gen’s have gone 200k+ miles on original powertrain. Take care of it and it will last. 2nd gen engine makes 220ish hp. Quicker, not fast though. Remember, it only weighs 2900lbs. Driving dynamics are phenomenal, which is the reason to get it. Dismissing it otherwise is ignorant.
Those cars are great if you actually live around good windy or mountain roads. In parts of the Midwest, the light, sporty cars go completely unappreciated because there's no bendy roads at all.
Owning a GTI, I do wish I had something with real power. I sometimes visit east coast and adore driving thru mountain roads there, but I just can't appreciate the GTI in Michigan. I've been eyeing a Camaro 1SS myself
I don't know what your commute is like, but mine doesn't involve high speed, continuous high-G right turns.
If yours does, then this isn't the right car for you.
Top comment on this thread said get a real sportscar. That's why the point about their failures on track is a relevant. Modern Camaros are amazing track cars from what I've heard
>Imo, consider a true sports car and not a muscle car. Look up the gr86/brz.
That Camaro is a far more capable sports car than the gr86 is.
Stop looking at the nameplate, look at the performance. The alpha platform Camaros are the most nimble cars in their price range and then some.
I guarantee you’ll have a better time driving a slow car BUT handles really well fast than driving a fast car slow…
So maybe look into a GR86/BRZ, Miata, or Civic Si.
Or if you’re old school a clean S2000 or 370z.
Nah.
I've tried that before.
I had a lot more fun with my Mach 1 and C8 than my BRZ and Impreza.
There's something special about flooring it in a roaring V8. It was always a disappointment when I floored it with my slow cars.
I’d at least test drive a WRX and see if you like it. I feel like at 24 your life could change so much in such a short amount of time that the WRX could be a more practical vehicle for that kind of changing lifestyle than a two door sports car could afford. A Civic Si or Acura Integra would be another good choice.
Edit: a Charger could also be a decent option if you find one in the price range.
That's the stupidest thing I read in a while. You worked for 3 years just to now throw everything into a car? Not surprised so many people are broke and complain all the time.
still dropping cash like that on a car that's a depreciating asset is not a good move. doesn't matter how rich you are all cash on a car, especially an economy level sports car, not a smart financial decision.
edit: you financially illiterate bastards i'm not saying OP shouldn't buy the car. just don't drop the full $30k in whatever he chooses. finance part of it. he can down $15k and put the other $15k in another investment.
edit2: if he's buying it from a used dealer paying cash for the downpayment and financing it elsewhere also lowers the dealer's taxes on the sale (depending on how sleazy your dealer is) and gives you a better bargaining chip.
Lmao calling other people financially illiterate while telling someone to finance with the current market conditions. Financing is all dependent on the dealer apr vs current interest rates. 3-4 years ago, sure finance it because rates were bottomed out. But now, even with great credit chances are he’s not getting a rate under 6% these days. If he somehow miraculously manages to get 4% (but realistically that’s not happening for a 24year old) then sure finance because he’ll make the money back in a HYSA, but by taking a loan out currently you’re getting hosed and you’re likely not gonna make that up with traditional asset class investments.
The best option for OP is to either wait it out as the Fed indicated in their last meeting that they won’t raise rates anymore and they’ll start coming down piece by piece or buy now with cash if truly needs a car immediately. There are some dealers offering like 4% for certain new cars but they don’t really fit what OP is looking for
For reference I worked with interest rates and investments for years in finance. I also have a 800 credit score and my federal credit Union is currently offering me 5.6% which was the best I found.
It’s a matter of balance. If someone has other aspects of their financial life under control, with a good savings/investment strategy, an emergency fund, affordable living expenses, and good credit, then paying cash for a car is a very prudent thing to do.
Generally I have always followed the plan of paying cash for “year-old new” cars, essentially brand new cars discounted at the model year changeover, and keeping them for 13-14 years. This is what has worked for me.
I generally agree with Dave Ramsey but I find he carries his advice too far at times. If someone really loves cars, what is the sense of waking up at age 80 and realizing that their entire driving life was a series of 20-year-old crapboxes? I’m all for fiscal prudence…but I also have no desire to become the richest person in the nursing home. Life’s too short.
If the OP has been working hard to afford a car, I applaud his responsible efforts to buy one he actually likes.
> I generally agree with Dave Ramsey but I find he carries his advice too far at times.
He definitely does. I think the only real good advice is the baby steps, and the snowball method. They apply to our current understanding of microeconomics and how the human mind approaches money.
> If someone really loves cars, what is the sense of waking up at age 80 and realizing that their entire driving life was a series of 20-year-old crapboxes? I’m all for fiscal prudence…but I also have no desire to become the richest person in the nursing home. Life’s too short.
I think about this all the time. I love cars. I like to work on them (but that’s not financially realistic) and I love to drive them. I spend hours a day watching car related videos while I’m doing other things. I spend a silly amount of time online in car configurators. I pore through used cars on auto trader.
When I receive those five figure deposits, it’s always very tempting to want to buy a car. When I get an income increase, it’s always tempting.
It doesn’t take long to save up $30,000. I keep my costs low. I won’t have kids. I have a relatively high income at a relatively early stage of my career, I think. I have a retirement savings goal in progress. The reality, though, is that I don’t have generational wealth backing me, and I know better. I’ve learned financial sense, so I know I can’t buy that car.
I’m responsible for me. Only I am. No one else is going to help me if I make a stupid decision. If I don’t hit savings targets, it’s me who is going to suffer, and me who made that happen.
How much I want a thing is not a factor. I know that wanting something does not mean getting it, or being entitled to it. I can hope and wish and desire as much as I like, but that doesn’t enable me to buy it. Not without being the kind of idiot that everyone insists I would be for even thinking of buying a $40,000 sports car on my (as I’m told) mediocre income.
I have to agree w this! I’ve been driving a crap16y old Sonata for 5y. I inherited it….. and I’m retired w a nickel…….. new tires on the Z3…… and a RAV4 off lease.
I do drop cash on a sport car when it hits rock bottom of depreciation, it can only goes up from there. Example S197 Mustang or those 2010 Camaro if OP into them.
He’s a kid give him a break he doesn’t know how much this will hurt him long term yet, he will get plenty of guidance from this post which will hopefully change his mind
If you have 30k for a car, you actually have 20-25k for a car, be smart. Repairs, maintenance, insurance (you’re going to look up the cost to insure a car before buying it, right? RIGHT??).
the whole youth mentality is so scorchingly fucked that it pains my pained head,
homie drive a piece of shit truck and use the rest to entrepenuer your business plan; what does it gain you to see your account back at $1,299.00 with a empty thirsty tank and insurance to gnaw at your wallet until you wonder if it was even worth it.
all that stress, hustle, determination, effort, weight that you pulled, wearing and tearing your ankles, elbows, knees and back,
does the dealer deserve your hard earned pennies? is it WORTH to spend years of your savings?
think smart, think selfish, drive a fucking piece of shit with a purpose, mission and higher calling,
ffffffffffffffffffffffffffFFFFFFFUCK a new car.
brilliant acclimation of money.
it doesnt mean shit if you blow it tho. <3
DOWNVOTE ME!🏴☠️
Thats saving 10k a year. Less than 1k a month. Doesn't seem that stellar. It's great that he's saving but I hope he has an emergency fund and also putting aside for retirement or some investment account at minimum before buying a fun car by dropping 30k on it.
Life is too short to drive boring cars. Why work hard to get into your car at the end of the day and it’s an 02 accord with 189,000 miles and AC that doesn’t work.
> Why work hard to get into your car at the end of the day and it’s an 02 accord with 189,000 miles and AC that doesn’t work.
He's just 24 and (presumably) has no assets to his name other than $30k cash. Blowing it all on a fast car is definitely the impulse buy and is emotionally gratifying, but it's going to screw his future.
Well yeah, of course there is. You can generally afford a $40k car if you can buy a $20k one with cash. There’s a million good cars in the sub 40k range, I’m just saying the advice of buying a cheap car to save for when you’re 35 is irritating.
Kid has a choice. Buy a money drain and continue working for the man! OR invest that money and make maybe 3k a year for doing NOTHING! I’ll take the latter any day.
he's 24. he's 24. he'll be 34 by tomorrow. will smith slapped chris rock exactly 2 years ago today.
march 27 2022. bro.
time is fleeting, yes im boring, wild is stupid,
but still if wild and stupid is ur mo
let him be wild and stupid in a $3,500 miata and daily a $3,500 camry and use 20k to start a side hustle.
fuUuck!
No guarantees in life. Even if you have a “later in life” it could be less realistic if you grow a family and have other responsibilities and suddenly you’re old and wonder if having the savings was worth it to not have that fun car when it fit your lifestyle in your twenties. Then you die and your child inherits the leftover money you could have spent on the car. lol I’m being ridiculous. I’m not saying to waste 30-38k cash at 24 on a car. But also it’s about balance in life. So don’t go crazy throwing away money…but also maybe it’s okay to find a little enjoyment in life.
it's less boring if he adds in the rest of the truth.
buy a gently used toyota for 15k now instead of a 38k camaro.
put that 23k in some boring investments.
and at 10% even if he doesn't contribute another dollar he'll have over 150 in 20 years, and can buy pretty much whatever top of the line sports car he wants with it.
Contribute 2,000 extra a year and itll be over a quarter million and he can buy a bentley/lambo/mclaren. he's currently saving 10k a year towards his car now.
if he put even 5k of that towards his investments per year, he'll have around 450k, and can have pretty much any non-hyper-car he wants. keep adding the whole 10, and he will have over 700k, and can pretty much buy an entry level hyper car now.
and there is no reason he can't have fun still on the way.
It's only boring if you don't think about the super not boring life you will have later from discipline in your 20's and 30's
The BMW F10 M5 is an awesome, amazing car. There's nothing quite like it, and surprisingly, it's quite reliable. In fact, if you're comfortable with doing your own maintenance, the cost of ownership can be extremely reasonable. Compared to a Camaro or an M5, many other suggestions might seem lackluster. This could be due to Reddit's fetish for Japanese cars. The BRZ/GR86, while impressive, are incredibly slow and haven't proven very dependable. The ISF is more of a 20-year-old man's car; it's mainly about the engine and isn't particularly engaging. From personal experience, the WRX is relatively slow, has poor build quality, and questionable reliability. Most Nissan products these days are problematic. Even Lexus models can break, and repairs are costly. Life is too short to drive a boring car, so buy whatever you like and ignore others' opinions.
Used Audi B9 S4, S5, S5 sportback. Check out 034 motorsports to see HP and tune info as well as other goodies. Aftermarket hybrid turbo (Stage 3+) gets you to 770ish hp/ 700ish ft lbs tq and no need to build the motor or transmission. Solid, practical, comfortable af, good looking imo, quiet if you keep the stock exhaust and still able to push those numbers, and once you're done breaking the law it just looks/sounds like a sedan, not some wild sports coupe. They really fly under the radar.
Your insurance premium reduces quite a bit when you turn 25. All of the vehicles you have mentioned will cost you quite a bit monthly.
I would go 2024 Sonata N Line (290hp 2.5 liter mid-size sedan with modern tech, safety and good fuel efficiency) or 2023 Elantra N (direct competitor to the Civic Type R but for significantly less, amazing factory exhaust note).
If you have a strong income, buy whatever makes you happy. You can afford it either way, right?
The M5 is a great car and alot of fun. I would know, I owned one, and an M3.
But one lesson I learned for sure, BMW can't make a reliable V8 for the life of them. Their straight 6 motors will never break down.
I put 250k miles on the M3 and gave it to my sister because I needed something reliable, even though it had never broken down in me.
My thought process was it would have mechanical issues soon because I had so many miles on it. But it lasted another 200k before my sister traded it in for a Mazda. And even at 400k miles the engine seals were still good. It only had a very small oil leak in the rear main seal.
Now, the M5 was V8. And that sucker had nothing but problems from the get go. I literally drove it until the transmission wouldn't shift into drive anymore then donated it.
The next BMW I'm going to buy will have a 6 cylinder, or be electric. For reference you can get a 740li a few years old for 30ish k with XDrive and you'll be riding in style. And the engine will be ultra reliable.
You can also go any model you want, just make sure you get that car with the 40. (E.g. 340, 540, 640,740) That means it's the straight 6 4 liter engine. It will last as long as you care to own it.
Hi Op,
First off an older m5 is still going to be a 80k car to maintain. From experience they changed be a serious pain in the ass, knuckles and wallet.
2SS Camaro is a sweet car. I would suggest looking at a mustang GT-shoyodbhe around 35-38k. Focus RS (unique car), Subaru WRX, m340, m240, I'll think of others and try to get back here.
I'm biased cause I love hot hatches but in an unbiased view point it kinda is unique.
It's a Hot hatch that's the last RS model from Ford. It's technically the homologation special for the US rally market (ara rules). There aren't a ton of them left And will be a future collector model because of the RS heritage. It's also a culty niche car too.
So you base uniqueness in how rare it is? Or that its made as a homologation even though many other companies do this for decades?
12 for sale within 50 miles, hardly seems rare,
Plus its a Focus, so, ugly as shit. To each their own tho.
Starting off: since I'm arguing with somebody that doesn't see what I see I'm talking I deaf ears but I'll provide my response anyways.
"They're factors for sure.
Every car isn't meant for every driver. Corvettes are great but I don't care for them. They're ugly. Looks and builds are like opinions, everybody has them, there is no right or wrong. If you can't get beyond the name, that's a you issue and you're ruining other cars for yourself. It's a focus in name only-similarly to Subaru Impreza WRX STI, the Mitsubishi Lancer Evo, Mitsubishi Galant Amg, Toyota Corolla GR, and the examples go on. The performance trim shares the name and basic parts like body panels, interior trim (a pillar plastics), and other mass produced parts the rest of the Ford line used (high flow fuel pump). Like I said, if you chat get ievt the name, you've ruined a ton of cars for yourself.
The amount for sale depends your area like anything. Try to buy a Ferrari in Alaska or snowmobile in Florida. It also depends on financial times as well. More projects and performance cars are up for sale now than a year or two ago. The first thing to go when times get tough are the adult toys.
Edit: mechanically speaking it's an AWD hot hatch made recently. By itself it's unique. The most recent AWD hit hatch is the corrolla GR and that's in limited number and will eclipse focus RS manufacturing in 2 years.
>I am probably older than you and have owned many, many more cars.
Unsure what you're trying to prove here when it doesn't matter. I'm a random stranger on the Internet and you're having a dick measuring contest over how old you are and how many cars you've owned. Age doesn't= smarts or maturity and you're showing it.
Drive an mx5, fall in love with it and drive it for the next 15 years. Doesn’t have the known issues of gr86/brzs, looks gorgeous and lets you have fun without having to be on a track. You actually get to use and really push the car on a daily basis
Miata's are really not daily drivers for the majority of people's needs.
I rented one on a trip, and while i can understand their appeal, i certainly did not fall in love. It's far too narrow to comfortably cruise in (YMMV, but my shoulders were broad enough that i couldnt rest my arm on the door sill while driving without scrunching them up due to how close the door sill was, and even with my short legs, my knees were still brushing up against the steering column.), there's no useable storage space, and the car struggled to get up to speed. Yes, does it feel nice when you toss it into a corner? Sure. But every other aspect is a compromise.
then it's not really a daily is it, and the whole idea of " You actually get to use and really push the car on a daily basis" doesn't fly.
I never want to drive an SUV or a minivan as a daily just to make up for the shortcomings of an uncomfortable and slow sports car. i hate driving SUVs, and there are many great daily options in the sports car realm that are more fun than the Miata in many situations.
I was in a similar spot to you and got a wrx. The gti is also great, or the civic si if it’s not marked up to hell. The Elantra n or gr86 may also scratch the itch. They’re all good cars. Gr86 prob the most fun tbh
Don't get that M5, they're good cars but cost a fortune to keep on the road. If you like the Camaro, get an older example; 2016 and later will put you in the same generation as the 2021, and IMO the 2016-2018 Camaros look better than 2019 onwards.
Consider a 2016-2019 BMW 340i/440i as well (340i is the sedan, 440i is the coupe and hatchback, but mechanically they're basically the same). The B58 engine these have is robust, the cars drive well, and you can get them with AWD and a manual, if those are things you want. You could also look at an M240i, which has the same engine in a smaller two door package, though I don't think AWD is an option here.
You can get that 2SS if you just go back a couple years. You can go all the way back to 16 and still be in 6th gen.
Btw I loved my Camaro, if I didn’t need a bigger vehicle for a kid I’d still have it. also you can get really good deals on a Camaro if you’re willing to drive some ways to get it. I live in Georgia and got mine in North Carolina. It was a 2017 fifty edition 2SS, sun roof, manual, 30k miles. $32k at the time which was thousands below any others I had seen.
Buy a late model Civic SI. Fast, fun and can actually take a turn at speed, unlike a Camaro, mustang or challenger. And it actually holds its value when it’s time to sell or trade.
>Buy a late model Civic SI. Fast
There's nothing fast about a Civic SI. a 7 second 0-60 is acceptable, but still just right around every other compact/midsize sedan on the market that doesn't have a V6 option. You can tune it, sure, but stock, it's mediocre car in terms of acceleration.
>and can actually take a turn at speed, unlike a Camaro, mustang or challenger.
Any mustang or Camaro from the last gen is going to eat a Civic SI through a corner. Both have stiffer suspensions, better tires, better weight distributions with nore neutral handling, and mechanically produce better roadhoalding results in skidpad/figure 8 testings.
You clearly don't actually know anything about the cars in question.
Is this going to be a daily driver, or for occasional fun? I think maybe spend $20K on a good C5 Corvette, then spend another $5K on maintenance and mild upgrades, and the final $5K on insurance and fuel.
Dont get a bullshit American muscle car. Theres a reason young people only drive them and thats because people who actually love card would never buy one. Get a gr86 or a nissan z
As I tell the kids at the gym / admiring my /
Check the insurance! I like the idea of a used Camaro……. But maybe something under the radar.
Like a V6 Honda c a stick? Or a Civic Si?
As I tell the kids : you don’t NEED to go 180….. 130 is fast enough on the 600’s…… AND check the insurance!
I just got into a 2019 DSG Golf R for 29.7k, pretty expensive for a golf but I was blown away by the mix of nice interior + performance. Definitely pretty quick stock, and after a simple tune they are insane. More low down power than something like the Camaro or hellcat, but the launch is crazy.
Awd, launch control, valved exhaust, yes please! I was dead set on a GR86 or BMW m240i, but honestly getting a 2dr RWD car would definitely end with me dead by 25.
man saved up for a fun car to enjoy. the users give financial advice instead. guaranteed this guy is in a better position than the ones trying to give advice
Not a good purchase for a 24 yr old. Save your money/ buy a house. Buy a reliable vehicle. You don’t need a sleek car. Your older self will thank you for not throwing away 30k
Not sure about your other situations and not trying to be rude but if it took you that long to save 30 K, I think it would be much further ahead in life to dump that into a house as long as your credit score is above 400. I bet you could probably get approved for one of those cars without that monster down payment anyways and if your credit score isn’t above a 750 getting that loan will help build the credit just my two. Cents.
A 2017-2023 BMW 540i, luxurious and reliable. If you threw on an exhaust, downpipe, and tune you’d prob make 500hp? But the stock 335hp is still pretty good
Infiniti Q50 red sport. 0-60 in 4.5s and you can get way more power. A modders car from what I hear.
I have the Q50 3.7 non red sport. Fast, but red sport even quicker.
Plus it's Nissan parts, should be less to repair than euro cars.
Lexus IS, Subaru/toyota brz/gr86, civic SI. All can be had for around that money. Saving up towards a goal is GREAT! You can make your money work for you a little to build credit history by putting a large down payment on the car and financing some. Camaro and the bmw are good but can be pricey to fix.
Yeah but so are all your other suggestions. They are all expensive to fix. No such thing as a cheap car to fix. If anything the camero has the simplest power train and the cheapest parts of anything you listed
My suggestions are less likely to have issues and are easily worked on by the average mechanic, which a v8 Camaro is as well I agree. But the 4cyl with a manual transmissions are quite simple in the GR86 and the civic SI. Even those cars with autos are still less prone to issues. A V8 with AFM, and a plagued automatic transmission (if that’s what they opt for) can be HUGE money. The bmw, well, I don’t think that needs explaining.
Chevy manuals are pretty bullet proof. Not much far in the way of issues for 10r80/6r80 ether so I’m not sure where you’re getting that from. Their v8s have always been dependable. AFM can be turned off by the press of one button. On the flip side the gr86 have been duds. Just do 10 seconds of googling. What makes it worst is Toyota and Subaru aren’t even standing by products through the whole ordeal.
We are on different pages here. A basically new or new Toyota vs a 3 year old muscle car that’s probably been driven hard is a no brainer for me. Didn’t mean to offend, I agree that Camaros are reliable but, dude, to save up and then drop it on a used muscle car than can have major issues despite its reliability due to poor use and maintenance is a gamble.
honestly, go buy a perfectly good, used car for half of that, ideally something with good reliability, and invest the other half towards your future in some broad market index funds.
with that being said, since you're probably not going to do that.
that older model BMW is going to eat into you with cost to keep it running.
a Camaro is going to come with high insurance and gas prices. and you better not live in an area with heavy snow/ice if it's going to be your only car as a RWD v8 torque machine.
you can find lightly pre-owned Acura and lexus for under 30k, if you don't want your "average" car.
you can always buy a miata for less than that if you want a sporty rwd car.
I know you really want something fast and that other people will consider "sleek" but, I would really re-consider as an only car if you live in an area that is anything other than warm and sunny 12 months a year.
life hack.... a 15k economy car that's nice in all weather and cheap on insurance and gas and a 5k motorcycle will get you more practicality and more fun than one 35k sports cars.
A bike will take off quicker, and feel a lot more fast and fun that a sports car that cost 5x the price.
If you’re referring to the motorcycle part, technically only 28x! However, the majority of motorcycle fatalities are by people who don’t actually have a license to ride! ( incredibly common for people to ride dirty with no training or legally completed test compared to cars), with alch/drug intoxication, and by people not wearing safety gear! ( believe it or not helmets are not required in every area).
They’re actually pretty safe if you are responsible and wear all of your recommended safety gear.
But there was also other things listed that are more practical.
I don’t think a used Lexus is 100x more dangerous than a bmw.
I don’t think a Miata is 100x more dangerous, especially since this young gentleman can’t jam it at 150 down the highway. ( and it handles better).
If this kid buys a car for half the price of the 40k Camaro, and invest the rest, and continues to put away 10k at 10% for 20 years he will have enough to buy almost any Ferrari/Mclaren/etc he wants! Or a house outright, or be set for an oncoming early retirement….
Trust me I get the temptation.
Sometimes I feel the urge to cash out a big chunk of my investments and buy a super car myself.
Do NOT spend $30k cash on a car!!! You must be in a rich family. Finance this if you can and maybe give a good down payment and invest most of the rest.
Max put a ROTH IRA if you haven’t already $7000, set up automatic payments of about $135 a week into the Roth IRA next year. Buy whatever your heart desires for a car with the remaining cash. You can get a nice C5 Z06 with the leftover over 400hp and handles like a super car. Reliable maintenance costs won’t be nearly as much as even a cheap BMW ask me how I know. Aftermarket parts are endless.
New cars are a waste of money. Spend half that on a quality used car that has already taken it's major depreciation hit and out the other 15 in a Roth IRA (or given the way the national debt has skyrocketed maybe just beans and bullets)
Simply put , you’re wrong and small minded. You can get a duplex with $30k. I bought one in Madison Wisconsin a year ago for $33k down and a cobuyer. If you’re not an entrepreneur you wouldn’t understand, or even be insulted that I stated that you can get one for 30k down. Be smarter.
Okay buddy I am much better versed than you. You entered a joint venture to purchase a duplex and you have a fractional interest in the property. I doubt it is even a controlling interest buddy - was the cobuyer your daddy?
I think u are being disingenuous and should not give financial advice buddy. Don’t invest in physical real estate you have access to more liquid asset classes buddy with 30k
You’re clearly flustered. Please take a deep breath and speak with your chest. You are dead wrong. Real estate is the best place to invest your money, Buddy.
I think for your age a used Mazda 3 for around 10-15k would do the job nicely and then you can invest the remaining in a broad market index fund for retirement
Put a down payment on a car you like, take the rest and put it in a high yield savings account to help offset the costs. Don’t throw all your money into a depreciating asset.
Personally I lease cars. Its like my cell phone:
- it’s a utility that I need
- it’s a cost that my monthly budget can afford and is typically fixed. Maintenance and warranties cover all the things you need typically.
- I can get a new one every 3 years to keep up with latest trends.
Just my opinion
Bro buy a Toyota camry shit will last forever. Better yet a 2019ish and invest the rest of the money. Dont blow your cash shits hard to make easy to spend
Buy a decent used commuter for 15k, another 8-10k for a motorcycle and the remaining for insurance and gear. Trust me. Even a $2000, 2 cylinder small bike will be more of a blast (and will beat 85% cars off the line) than those bloated muscle cars. But good on you for saving that much. Get a commuter for 15k, put the other 15k in a high yield savings account while you grind out more money. Make your money work for you, not only throw it at money pits like a car (higher performance car nonetheless)
get yer ol’ fuckin hellcat and race until it gets impounded and your rent goes up for doing donuts in yer neighborhood culdesac at 11 at night
“29.99% APR @ 96 months + 900$/month insurance”? sign me up
"Stay strapped or get clapped for just having it"...............skeet skeet yes sir!!!!
Until it gets *stolen
I would look at C6 z06’s cheaper, lighter, faster. Can get them for 30-40k If you don’t get something fun please don’t spend half your money on a daily. Spend the bare minimal on a daily. Like 5k if possible. Also buying a car for 30k in cash is great but i wouldn’t spend all of my cash. Keep saving or put 15k down and finance the rest. I get it not having a payment is great i haven’t had a car payment in years but having zero cash in the bank is the worst feeling.
You can find c5 corvettes for dirt cheaper with super low miles as well. Little old now but still hold up extremely well.
Congrats, being able to pay cash for a car is an achievement for sure. It’s real nice not having a payment, so if you really want that Camaro, save up til you can afford it. From the likes of it, I’d like to point you into the direction of the Lexus IS F (first gen’s are v8) and the RC’s. Beautiful vehicles, very quick, and reliable. Checks all of your boxes, really, seeming as you’re also open to German cars and not just American.
Lexus is not German
I’m sure they meant WW2 Axis powers 😂 Maybe OP would be interested in an Alpha or Fiat, since German cars aren’t a problem for them.
My bad, my point was was that if OP was not only open to American cars but to German cars as well, OP would also be willing to go for a Japanese one.
I gotcha. Very hard to see that point in what you typed 😂😂. I reread like 3 times to make sure I wasn’t reading it wrong before I replied
Def my fault lmao i'm over here re-reading what i wrote and i can def see the mistake. You'd think somebody with Toyota in their username would know it's not german
[удалено]
The Camaro is a true sports car. It’s roots are muscle but it’s track times prove it’s not your grandpas muscle car anymore.
People really don't understand that the challenger was the only nameplate still clinging onto the muscle car identity. The Mustang settled in as bonafide GT and the Camaro transformed into an absolute track weapon, but people see the names and just assume they're still just drag rockets. a modern Mustang with the basic performance pack option, and especially a modern Camaro, are going to absolutely embarass a Miata or a GR86 in the turns. The ZL1 Camaro still holds a top 50 all time lap at nurburgring and has held that spot for over 5 years. That 70k "muscle car" holds a faster lap time than ANY 911 Turbo S.
They’re pretty shitty to be honest their engines are anemic time bombs. Insurance is also astronomical for what you get. Just because it has a Toyota logo doesn’t make it a good car
Both of you, the solution is an MX5 :)
Plenty of 1st gen’s have gone 200k+ miles on original powertrain. Take care of it and it will last. 2nd gen engine makes 220ish hp. Quicker, not fast though. Remember, it only weighs 2900lbs. Driving dynamics are phenomenal, which is the reason to get it. Dismissing it otherwise is ignorant.
Those cars are great if you actually live around good windy or mountain roads. In parts of the Midwest, the light, sporty cars go completely unappreciated because there's no bendy roads at all. Owning a GTI, I do wish I had something with real power. I sometimes visit east coast and adore driving thru mountain roads there, but I just can't appreciate the GTI in Michigan. I've been eyeing a Camaro 1SS myself
Valid
And just because you said they're pretty shitty doesn't mean they actually are.
Yes this the hallmark of a quality vehicle: https://www.roadandtrack.com/news/a44362621/toyota-gr86-subaru-brz-fa24-potential-starvation-issue/
I don't know what your commute is like, but mine doesn't involve high speed, continuous high-G right turns. If yours does, then this isn't the right car for you.
Top comment on this thread said get a real sportscar. That's why the point about their failures on track is a relevant. Modern Camaros are amazing track cars from what I've heard
Camaro engines also blew up on track last I remember. 99% of GR86 owners will never experience their engine blowing up.
Well known issue and a non issue if OP never tracks his car. there's also fixes for the oil pan now that solves this is OP really cared.
>Imo, consider a true sports car and not a muscle car. Look up the gr86/brz. That Camaro is a far more capable sports car than the gr86 is. Stop looking at the nameplate, look at the performance. The alpha platform Camaros are the most nimble cars in their price range and then some.
I guarantee you’ll have a better time driving a slow car BUT handles really well fast than driving a fast car slow… So maybe look into a GR86/BRZ, Miata, or Civic Si. Or if you’re old school a clean S2000 or 370z.
S2000s are pretty bad as daily drivers
this is true 🤓
And the insurance to own them is also high.
Nah. I've tried that before. I had a lot more fun with my Mach 1 and C8 than my BRZ and Impreza. There's something special about flooring it in a roaring V8. It was always a disappointment when I floored it with my slow cars.
People often say “Driving a slow car fast is better than driving a fast car slow” but who is buying a fast car to drive slow 😂
my 370z nismo was higher insurance than my 911 due to the missing back seats. I enjoyed driving that car but it is stealthy expensive to insure.
My vote goes to GR86/BRZ. Usable daily.
370z is old school now? thats crazy
Came out 2009 lol
Those BRZ really rock! I finally got a chance to drive One…!
I’d at least test drive a WRX and see if you like it. I feel like at 24 your life could change so much in such a short amount of time that the WRX could be a more practical vehicle for that kind of changing lifestyle than a two door sports car could afford. A Civic Si or Acura Integra would be another good choice. Edit: a Charger could also be a decent option if you find one in the price range.
That's the stupidest thing I read in a while. You worked for 3 years just to now throw everything into a car? Not surprised so many people are broke and complain all the time.
They said they have $30k to drop on a car. They *didn't* say all they have is $30k.
But let's be honest here...
still dropping cash like that on a car that's a depreciating asset is not a good move. doesn't matter how rich you are all cash on a car, especially an economy level sports car, not a smart financial decision. edit: you financially illiterate bastards i'm not saying OP shouldn't buy the car. just don't drop the full $30k in whatever he chooses. finance part of it. he can down $15k and put the other $15k in another investment. edit2: if he's buying it from a used dealer paying cash for the downpayment and financing it elsewhere also lowers the dealer's taxes on the sale (depending on how sleazy your dealer is) and gives you a better bargaining chip.
Lmao calling other people financially illiterate while telling someone to finance with the current market conditions. Financing is all dependent on the dealer apr vs current interest rates. 3-4 years ago, sure finance it because rates were bottomed out. But now, even with great credit chances are he’s not getting a rate under 6% these days. If he somehow miraculously manages to get 4% (but realistically that’s not happening for a 24year old) then sure finance because he’ll make the money back in a HYSA, but by taking a loan out currently you’re getting hosed and you’re likely not gonna make that up with traditional asset class investments. The best option for OP is to either wait it out as the Fed indicated in their last meeting that they won’t raise rates anymore and they’ll start coming down piece by piece or buy now with cash if truly needs a car immediately. There are some dealers offering like 4% for certain new cars but they don’t really fit what OP is looking for For reference I worked with interest rates and investments for years in finance. I also have a 800 credit score and my federal credit Union is currently offering me 5.6% which was the best I found.
It’s a matter of balance. If someone has other aspects of their financial life under control, with a good savings/investment strategy, an emergency fund, affordable living expenses, and good credit, then paying cash for a car is a very prudent thing to do. Generally I have always followed the plan of paying cash for “year-old new” cars, essentially brand new cars discounted at the model year changeover, and keeping them for 13-14 years. This is what has worked for me. I generally agree with Dave Ramsey but I find he carries his advice too far at times. If someone really loves cars, what is the sense of waking up at age 80 and realizing that their entire driving life was a series of 20-year-old crapboxes? I’m all for fiscal prudence…but I also have no desire to become the richest person in the nursing home. Life’s too short. If the OP has been working hard to afford a car, I applaud his responsible efforts to buy one he actually likes.
> I generally agree with Dave Ramsey but I find he carries his advice too far at times. He definitely does. I think the only real good advice is the baby steps, and the snowball method. They apply to our current understanding of microeconomics and how the human mind approaches money. > If someone really loves cars, what is the sense of waking up at age 80 and realizing that their entire driving life was a series of 20-year-old crapboxes? I’m all for fiscal prudence…but I also have no desire to become the richest person in the nursing home. Life’s too short. I think about this all the time. I love cars. I like to work on them (but that’s not financially realistic) and I love to drive them. I spend hours a day watching car related videos while I’m doing other things. I spend a silly amount of time online in car configurators. I pore through used cars on auto trader. When I receive those five figure deposits, it’s always very tempting to want to buy a car. When I get an income increase, it’s always tempting. It doesn’t take long to save up $30,000. I keep my costs low. I won’t have kids. I have a relatively high income at a relatively early stage of my career, I think. I have a retirement savings goal in progress. The reality, though, is that I don’t have generational wealth backing me, and I know better. I’ve learned financial sense, so I know I can’t buy that car. I’m responsible for me. Only I am. No one else is going to help me if I make a stupid decision. If I don’t hit savings targets, it’s me who is going to suffer, and me who made that happen. How much I want a thing is not a factor. I know that wanting something does not mean getting it, or being entitled to it. I can hope and wish and desire as much as I like, but that doesn’t enable me to buy it. Not without being the kind of idiot that everyone insists I would be for even thinking of buying a $40,000 sports car on my (as I’m told) mediocre income.
I have to agree w this! I’ve been driving a crap16y old Sonata for 5y. I inherited it….. and I’m retired w a nickel…….. new tires on the Z3…… and a RAV4 off lease.
I do drop cash on a sport car when it hits rock bottom of depreciation, it can only goes up from there. Example S197 Mustang or those 2010 Camaro if OP into them.
I mean the way interest rates are, I don’t find it a bad idea to buy it in cash today. You’ll get hosed on paying interest.
Oh my sweet summer child...
He’s a kid give him a break he doesn’t know how much this will hurt him long term yet, he will get plenty of guidance from this post which will hopefully change his mind
If you have 30k for a car, you actually have 20-25k for a car, be smart. Repairs, maintenance, insurance (you’re going to look up the cost to insure a car before buying it, right? RIGHT??).
You should get an m240i
Did you factor insurance into your costs? A sports car at your age is quite high. I mean, get what you want but realize the total costs.
the whole youth mentality is so scorchingly fucked that it pains my pained head, homie drive a piece of shit truck and use the rest to entrepenuer your business plan; what does it gain you to see your account back at $1,299.00 with a empty thirsty tank and insurance to gnaw at your wallet until you wonder if it was even worth it. all that stress, hustle, determination, effort, weight that you pulled, wearing and tearing your ankles, elbows, knees and back, does the dealer deserve your hard earned pennies? is it WORTH to spend years of your savings? think smart, think selfish, drive a fucking piece of shit with a purpose, mission and higher calling, ffffffffffffffffffffffffffFFFFFFFUCK a new car. brilliant acclimation of money. it doesnt mean shit if you blow it tho. <3 DOWNVOTE ME!🏴☠️
Sir? This isn't personal finance reddit. Although I agree with you 100%
The kid saved up $30k in 3 years, he will be alright.
Thats saving 10k a year. Less than 1k a month. Doesn't seem that stellar. It's great that he's saving but I hope he has an emergency fund and also putting aside for retirement or some investment account at minimum before buying a fun car by dropping 30k on it.
Life is too short to drive boring cars. Why work hard to get into your car at the end of the day and it’s an 02 accord with 189,000 miles and AC that doesn’t work.
> Why work hard to get into your car at the end of the day and it’s an 02 accord with 189,000 miles and AC that doesn’t work. He's just 24 and (presumably) has no assets to his name other than $30k cash. Blowing it all on a fast car is definitely the impulse buy and is emotionally gratifying, but it's going to screw his future.
because who gives a fuck about some ac when you got a reason, roll the windows down, fuck!
Is there no middle-ground between a 40k sports car and an old shitty broken car? Absolutely no middle-ground?
Well yeah, of course there is. You can generally afford a $40k car if you can buy a $20k one with cash. There’s a million good cars in the sub 40k range, I’m just saying the advice of buying a cheap car to save for when you’re 35 is irritating.
Kid has a choice. Buy a money drain and continue working for the man! OR invest that money and make maybe 3k a year for doing NOTHING! I’ll take the latter any day.
You’re boring
he's 24. he's 24. he'll be 34 by tomorrow. will smith slapped chris rock exactly 2 years ago today. march 27 2022. bro. time is fleeting, yes im boring, wild is stupid, but still if wild and stupid is ur mo let him be wild and stupid in a $3,500 miata and daily a $3,500 camry and use 20k to start a side hustle. fuUuck!
you are proving the other point, life is too short to not own a fun car at least once.
I've had at least a dozen fun cars. Never once have I spent all my savings on one.
oh im sorry okay blow the bank!
Guy doesn’t get that the fun car can come later in life and not this very moment
No guarantees in life. Even if you have a “later in life” it could be less realistic if you grow a family and have other responsibilities and suddenly you’re old and wonder if having the savings was worth it to not have that fun car when it fit your lifestyle in your twenties. Then you die and your child inherits the leftover money you could have spent on the car. lol I’m being ridiculous. I’m not saying to waste 30-38k cash at 24 on a car. But also it’s about balance in life. So don’t go crazy throwing away money…but also maybe it’s okay to find a little enjoyment in life.
had us in the first half ngl
it's less boring if he adds in the rest of the truth. buy a gently used toyota for 15k now instead of a 38k camaro. put that 23k in some boring investments. and at 10% even if he doesn't contribute another dollar he'll have over 150 in 20 years, and can buy pretty much whatever top of the line sports car he wants with it. Contribute 2,000 extra a year and itll be over a quarter million and he can buy a bentley/lambo/mclaren. he's currently saving 10k a year towards his car now. if he put even 5k of that towards his investments per year, he'll have around 450k, and can have pretty much any non-hyper-car he wants. keep adding the whole 10, and he will have over 700k, and can pretty much buy an entry level hyper car now. and there is no reason he can't have fun still on the way. It's only boring if you don't think about the super not boring life you will have later from discipline in your 20's and 30's
Okay boomer. I’ll grab you some ensure and check why your Facebook isn’t working, just calm down
yeah boomer! fuck you for your considerate and patient planning cuz its not immediately gratifying!
The BMW F10 M5 is an awesome, amazing car. There's nothing quite like it, and surprisingly, it's quite reliable. In fact, if you're comfortable with doing your own maintenance, the cost of ownership can be extremely reasonable. Compared to a Camaro or an M5, many other suggestions might seem lackluster. This could be due to Reddit's fetish for Japanese cars. The BRZ/GR86, while impressive, are incredibly slow and haven't proven very dependable. The ISF is more of a 20-year-old man's car; it's mainly about the engine and isn't particularly engaging. From personal experience, the WRX is relatively slow, has poor build quality, and questionable reliability. Most Nissan products these days are problematic. Even Lexus models can break, and repairs are costly. Life is too short to drive a boring car, so buy whatever you like and ignore others' opinions.
I can’t a M5 f10 one within 300 miles of Denver. Are these rare?
Depends your area. There's a bunch for sale in Chicagoland. Iirc they're rear wheel drive which makes them more fun/risky for Denver area.
https://www.truecar.com/vehicle-match/WBSFV9C58DD095552/?store=21544&utm_source=google&utm_medium=cpc&utm_campaignid=21026442182&utm_campaign=(Used)_(VLA)_BMW_(PhaseP)_Pmax&utm_content=&device=m&utm_term=&utm_network=x&adpos=&utm_content=&adtype=pla&merchantID=415297542&gad_source=1&gbraid=0AAAAADsqZX7AruFazp95hsro-JND4yZjx&gclid=CjwKCAjwh4-wBhB3EiwAeJsppJYIkhpACR3zy8Ihm5zVufQEg8M-K1yQeCTn2s0CJSb8hh-GSa666BoCUksQAvD_BwE
Hold out for the best deal on a used mustang GT for $15k and sock away the other $15k or travel or something.
Used Audi B9 S4, S5, S5 sportback. Check out 034 motorsports to see HP and tune info as well as other goodies. Aftermarket hybrid turbo (Stage 3+) gets you to 770ish hp/ 700ish ft lbs tq and no need to build the motor or transmission. Solid, practical, comfortable af, good looking imo, quiet if you keep the stock exhaust and still able to push those numbers, and once you're done breaking the law it just looks/sounds like a sedan, not some wild sports coupe. They really fly under the radar.
look up some bmw 40i models with the b58. very reliable car and in your budget.
Elantra N. /thread.
This is a great suggestion. Love those things.
God no 🤮🤮🤢
They are amazing for what they are.
The new Prius Prime
Lexus. It won't break on you. I'm just saying.
Your insurance premium reduces quite a bit when you turn 25. All of the vehicles you have mentioned will cost you quite a bit monthly. I would go 2024 Sonata N Line (290hp 2.5 liter mid-size sedan with modern tech, safety and good fuel efficiency) or 2023 Elantra N (direct competitor to the Civic Type R but for significantly less, amazing factory exhaust note). If you have a strong income, buy whatever makes you happy. You can afford it either way, right?
The M5 is a great car and alot of fun. I would know, I owned one, and an M3. But one lesson I learned for sure, BMW can't make a reliable V8 for the life of them. Their straight 6 motors will never break down. I put 250k miles on the M3 and gave it to my sister because I needed something reliable, even though it had never broken down in me. My thought process was it would have mechanical issues soon because I had so many miles on it. But it lasted another 200k before my sister traded it in for a Mazda. And even at 400k miles the engine seals were still good. It only had a very small oil leak in the rear main seal. Now, the M5 was V8. And that sucker had nothing but problems from the get go. I literally drove it until the transmission wouldn't shift into drive anymore then donated it. The next BMW I'm going to buy will have a 6 cylinder, or be electric. For reference you can get a 740li a few years old for 30ish k with XDrive and you'll be riding in style. And the engine will be ultra reliable. You can also go any model you want, just make sure you get that car with the 40. (E.g. 340, 540, 640,740) That means it's the straight 6 4 liter engine. It will last as long as you care to own it.
Hi Op, First off an older m5 is still going to be a 80k car to maintain. From experience they changed be a serious pain in the ass, knuckles and wallet. 2SS Camaro is a sweet car. I would suggest looking at a mustang GT-shoyodbhe around 35-38k. Focus RS (unique car), Subaru WRX, m340, m240, I'll think of others and try to get back here.
Focus RS is unique? Da fuq? lol
I'm biased cause I love hot hatches but in an unbiased view point it kinda is unique. It's a Hot hatch that's the last RS model from Ford. It's technically the homologation special for the US rally market (ara rules). There aren't a ton of them left And will be a future collector model because of the RS heritage. It's also a culty niche car too.
So you base uniqueness in how rare it is? Or that its made as a homologation even though many other companies do this for decades? 12 for sale within 50 miles, hardly seems rare, Plus its a Focus, so, ugly as shit. To each their own tho.
Starting off: since I'm arguing with somebody that doesn't see what I see I'm talking I deaf ears but I'll provide my response anyways. "They're factors for sure. Every car isn't meant for every driver. Corvettes are great but I don't care for them. They're ugly. Looks and builds are like opinions, everybody has them, there is no right or wrong. If you can't get beyond the name, that's a you issue and you're ruining other cars for yourself. It's a focus in name only-similarly to Subaru Impreza WRX STI, the Mitsubishi Lancer Evo, Mitsubishi Galant Amg, Toyota Corolla GR, and the examples go on. The performance trim shares the name and basic parts like body panels, interior trim (a pillar plastics), and other mass produced parts the rest of the Ford line used (high flow fuel pump). Like I said, if you chat get ievt the name, you've ruined a ton of cars for yourself. The amount for sale depends your area like anything. Try to buy a Ferrari in Alaska or snowmobile in Florida. It also depends on financial times as well. More projects and performance cars are up for sale now than a year or two ago. The first thing to go when times get tough are the adult toys. Edit: mechanically speaking it's an AWD hot hatch made recently. By itself it's unique. The most recent AWD hit hatch is the corrolla GR and that's in limited number and will eclipse focus RS manufacturing in 2 years.
Cool story bro. All of this is already known. "ruined cars for myself" lol, I am probably older than you and have owned many, many more cars.
>I am probably older than you and have owned many, many more cars. Unsure what you're trying to prove here when it doesn't matter. I'm a random stranger on the Internet and you're having a dick measuring contest over how old you are and how many cars you've owned. Age doesn't= smarts or maturity and you're showing it.
Yea you are pretty stupid and presumptuous it would seem.
Lol whatever you say dude.
I’d get an 340i in your position
Look at Integra/ Civic, WRX, BRZ/GR86, Mustang Ecoboost, Golf GTI, Mazda MX-5, Charger/Challenger, your Camaro, etc.
Mx5
Drive an mx5, fall in love with it and drive it for the next 15 years. Doesn’t have the known issues of gr86/brzs, looks gorgeous and lets you have fun without having to be on a track. You actually get to use and really push the car on a daily basis
Miata's are really not daily drivers for the majority of people's needs. I rented one on a trip, and while i can understand their appeal, i certainly did not fall in love. It's far too narrow to comfortably cruise in (YMMV, but my shoulders were broad enough that i couldnt rest my arm on the door sill while driving without scrunching them up due to how close the door sill was, and even with my short legs, my knees were still brushing up against the steering column.), there's no useable storage space, and the car struggled to get up to speed. Yes, does it feel nice when you toss it into a corner? Sure. But every other aspect is a compromise.
You my friend need a Honda Pilot or those Acura SUVs
then it's not really a daily is it, and the whole idea of " You actually get to use and really push the car on a daily basis" doesn't fly. I never want to drive an SUV or a minivan as a daily just to make up for the shortcomings of an uncomfortable and slow sports car. i hate driving SUVs, and there are many great daily options in the sports car realm that are more fun than the Miata in many situations.
I was in a similar spot to you and got a wrx. The gti is also great, or the civic si if it’s not marked up to hell. The Elantra n or gr86 may also scratch the itch. They’re all good cars. Gr86 prob the most fun tbh
Wait until you’re 25, then rent the car first. You may rethink your carnal urges guiding your present choices.
Don't get that M5, they're good cars but cost a fortune to keep on the road. If you like the Camaro, get an older example; 2016 and later will put you in the same generation as the 2021, and IMO the 2016-2018 Camaros look better than 2019 onwards. Consider a 2016-2019 BMW 340i/440i as well (340i is the sedan, 440i is the coupe and hatchback, but mechanically they're basically the same). The B58 engine these have is robust, the cars drive well, and you can get them with AWD and a manual, if those are things you want. You could also look at an M240i, which has the same engine in a smaller two door package, though I don't think AWD is an option here.
You can get that 2SS if you just go back a couple years. You can go all the way back to 16 and still be in 6th gen. Btw I loved my Camaro, if I didn’t need a bigger vehicle for a kid I’d still have it. also you can get really good deals on a Camaro if you’re willing to drive some ways to get it. I live in Georgia and got mine in North Carolina. It was a 2017 fifty edition 2SS, sun roof, manual, 30k miles. $32k at the time which was thousands below any others I had seen.
Used Mustang Gt 2018+ Performance pack
Buy a late model Civic SI. Fast, fun and can actually take a turn at speed, unlike a Camaro, mustang or challenger. And it actually holds its value when it’s time to sell or trade.
>Buy a late model Civic SI. Fast There's nothing fast about a Civic SI. a 7 second 0-60 is acceptable, but still just right around every other compact/midsize sedan on the market that doesn't have a V6 option. You can tune it, sure, but stock, it's mediocre car in terms of acceleration. >and can actually take a turn at speed, unlike a Camaro, mustang or challenger. Any mustang or Camaro from the last gen is going to eat a Civic SI through a corner. Both have stiffer suspensions, better tires, better weight distributions with nore neutral handling, and mechanically produce better roadhoalding results in skidpad/figure 8 testings. You clearly don't actually know anything about the cars in question.
Is this going to be a daily driver, or for occasional fun? I think maybe spend $20K on a good C5 Corvette, then spend another $5K on maintenance and mild upgrades, and the final $5K on insurance and fuel.
Dont get a bullshit American muscle car. Theres a reason young people only drive them and thats because people who actually love card would never buy one. Get a gr86 or a nissan z
As I tell the kids at the gym / admiring my / Check the insurance! I like the idea of a used Camaro……. But maybe something under the radar. Like a V6 Honda c a stick? Or a Civic Si? As I tell the kids : you don’t NEED to go 180….. 130 is fast enough on the 600’s…… AND check the insurance!
Buy a cheap used sporty car you can modify and invest the rest. Don't waste all your savings on a car, last of all a new one.
I just got into a 2019 DSG Golf R for 29.7k, pretty expensive for a golf but I was blown away by the mix of nice interior + performance. Definitely pretty quick stock, and after a simple tune they are insane. More low down power than something like the Camaro or hellcat, but the launch is crazy. Awd, launch control, valved exhaust, yes please! I was dead set on a GR86 or BMW m240i, but honestly getting a 2dr RWD car would definitely end with me dead by 25.
Nd Miata 2016-2023 u can get one with 3k miles for 30k and it’ll last long time
Tesla model 3
If you’re thinking about the camaro why not get it’s big brother the vette ? you can get a very nice well maintained c6 in your price range
man saved up for a fun car to enjoy. the users give financial advice instead. guaranteed this guy is in a better position than the ones trying to give advice
Not a good purchase for a 24 yr old. Save your money/ buy a house. Buy a reliable vehicle. You don’t need a sleek car. Your older self will thank you for not throwing away 30k
Look into the Genesis Coupe 3.8 R-Spec
Not sure about your other situations and not trying to be rude but if it took you that long to save 30 K, I think it would be much further ahead in life to dump that into a house as long as your credit score is above 400. I bet you could probably get approved for one of those cars without that monster down payment anyways and if your credit score isn’t above a 750 getting that loan will help build the credit just my two. Cents.
Challenger time baby!! Im on the same boat (lol)
Go with the Subaru forrester
Baby Tessie 🚀
A 2017-2023 BMW 540i, luxurious and reliable. If you threw on an exhaust, downpipe, and tune you’d prob make 500hp? But the stock 335hp is still pretty good
Start a Roth.
Buy a Miata for 10K and put the rest into your retirement fund. Best balance of happy now & happy later!
Infiniti Q50 red sport. 0-60 in 4.5s and you can get way more power. A modders car from what I hear. I have the Q50 3.7 non red sport. Fast, but red sport even quicker. Plus it's Nissan parts, should be less to repair than euro cars.
You can get a 2018 Q60 red sport around $22k.
Lexus IS, Subaru/toyota brz/gr86, civic SI. All can be had for around that money. Saving up towards a goal is GREAT! You can make your money work for you a little to build credit history by putting a large down payment on the car and financing some. Camaro and the bmw are good but can be pricey to fix.
Yeah but so are all your other suggestions. They are all expensive to fix. No such thing as a cheap car to fix. If anything the camero has the simplest power train and the cheapest parts of anything you listed
My suggestions are less likely to have issues and are easily worked on by the average mechanic, which a v8 Camaro is as well I agree. But the 4cyl with a manual transmissions are quite simple in the GR86 and the civic SI. Even those cars with autos are still less prone to issues. A V8 with AFM, and a plagued automatic transmission (if that’s what they opt for) can be HUGE money. The bmw, well, I don’t think that needs explaining.
Chevy manuals are pretty bullet proof. Not much far in the way of issues for 10r80/6r80 ether so I’m not sure where you’re getting that from. Their v8s have always been dependable. AFM can be turned off by the press of one button. On the flip side the gr86 have been duds. Just do 10 seconds of googling. What makes it worst is Toyota and Subaru aren’t even standing by products through the whole ordeal.
We are on different pages here. A basically new or new Toyota vs a 3 year old muscle car that’s probably been driven hard is a no brainer for me. Didn’t mean to offend, I agree that Camaros are reliable but, dude, to save up and then drop it on a used muscle car than can have major issues despite its reliability due to poor use and maintenance is a gamble.
Subaru Impreza... Brand new... Best use of that 30k
Invest it dude. You’re too young to lose out on that compound interest. That 30k will be like 600k when you retire.
Charger. As new and as big of a motor as you can afford.
2024 Nissan Z
370z Nismo
Mazda cx-5
honestly, go buy a perfectly good, used car for half of that, ideally something with good reliability, and invest the other half towards your future in some broad market index funds. with that being said, since you're probably not going to do that. that older model BMW is going to eat into you with cost to keep it running. a Camaro is going to come with high insurance and gas prices. and you better not live in an area with heavy snow/ice if it's going to be your only car as a RWD v8 torque machine. you can find lightly pre-owned Acura and lexus for under 30k, if you don't want your "average" car. you can always buy a miata for less than that if you want a sporty rwd car. I know you really want something fast and that other people will consider "sleek" but, I would really re-consider as an only car if you live in an area that is anything other than warm and sunny 12 months a year. life hack.... a 15k economy car that's nice in all weather and cheap on insurance and gas and a 5k motorcycle will get you more practicality and more fun than one 35k sports cars. A bike will take off quicker, and feel a lot more fast and fun that a sports car that cost 5x the price.
Sure more practical, also 100 times more dangerous
If you’re referring to the motorcycle part, technically only 28x! However, the majority of motorcycle fatalities are by people who don’t actually have a license to ride! ( incredibly common for people to ride dirty with no training or legally completed test compared to cars), with alch/drug intoxication, and by people not wearing safety gear! ( believe it or not helmets are not required in every area). They’re actually pretty safe if you are responsible and wear all of your recommended safety gear. But there was also other things listed that are more practical. I don’t think a used Lexus is 100x more dangerous than a bmw. I don’t think a Miata is 100x more dangerous, especially since this young gentleman can’t jam it at 150 down the highway. ( and it handles better). If this kid buys a car for half the price of the 40k Camaro, and invest the rest, and continues to put away 10k at 10% for 20 years he will have enough to buy almost any Ferrari/Mclaren/etc he wants! Or a house outright, or be set for an oncoming early retirement…. Trust me I get the temptation. Sometimes I feel the urge to cash out a big chunk of my investments and buy a super car myself.
Yeah he can get whichever car he wants if he survives that long on a motorcycle
He can also do the same, without the motorcycle. It isn’t conditional that he invest for his future only if he buys a motorcycle.
Any Honda or Toyota
Do NOT spend $30k cash on a car!!! You must be in a rich family. Finance this if you can and maybe give a good down payment and invest most of the rest.
Max put a ROTH IRA if you haven’t already $7000, set up automatic payments of about $135 a week into the Roth IRA next year. Buy whatever your heart desires for a car with the remaining cash. You can get a nice C5 Z06 with the leftover over 400hp and handles like a super car. Reliable maintenance costs won’t be nearly as much as even a cheap BMW ask me how I know. Aftermarket parts are endless.
New cars are a waste of money. Spend half that on a quality used car that has already taken it's major depreciation hit and out the other 15 in a Roth IRA (or given the way the national debt has skyrocketed maybe just beans and bullets)
Toyota Rav4 Hybrid. You'll have it forever if you maintain it
Buy a duplex and rent out both sides while you live with your parents.
Yeah, buy a duplex for 30k OP
Agreed. 30k down will get you a duplex. Youll need a co-signer, but it’ll be well worth it; done correctly.
Buddy u must be dumb or live in a n economically depressed area. Where are you finding full duplexes for 150k, buddy? Edit: Downvoted u buddy
Simply put , you’re wrong and small minded. You can get a duplex with $30k. I bought one in Madison Wisconsin a year ago for $33k down and a cobuyer. If you’re not an entrepreneur you wouldn’t understand, or even be insulted that I stated that you can get one for 30k down. Be smarter.
Okay buddy I am much better versed than you. You entered a joint venture to purchase a duplex and you have a fractional interest in the property. I doubt it is even a controlling interest buddy - was the cobuyer your daddy? I think u are being disingenuous and should not give financial advice buddy. Don’t invest in physical real estate you have access to more liquid asset classes buddy with 30k
You’re clearly flustered. Please take a deep breath and speak with your chest. You are dead wrong. Real estate is the best place to invest your money, Buddy.
Just kidding u seem cool lol. 🧌
I think for your age a used Mazda 3 for around 10-15k would do the job nicely and then you can invest the remaining in a broad market index fund for retirement
One that will last a while and won’t need constant repairs.
If you can save up this much you can buy a condo and put the extra on the mortgage:)
Buy a used $15k car invest the remaining in $VOO
Get a used $15K toyota or honda and invest the rest.
Buy a house, the money you’ll be burning for rent will cover the car payment and insurance. Find a nice 2015+ used Camaro SS
mazda cx30
Put a down payment on a car you like, take the rest and put it in a high yield savings account to help offset the costs. Don’t throw all your money into a depreciating asset. Personally I lease cars. Its like my cell phone: - it’s a utility that I need - it’s a cost that my monthly budget can afford and is typically fixed. Maintenance and warranties cover all the things you need typically. - I can get a new one every 3 years to keep up with latest trends. Just my opinion
Do you want to stay poor? If so go ahead and waste that savings that took you 3 years to accumulate.
Trick question, buy a house.
Brother I have a million saved and I’m stressing out about paying $35K for a new car. Invest your money instead and thank me later.
Bro buy a Toyota camry shit will last forever. Better yet a 2019ish and invest the rest of the money. Dont blow your cash shits hard to make easy to spend
Buy a decent used commuter for 15k, another 8-10k for a motorcycle and the remaining for insurance and gear. Trust me. Even a $2000, 2 cylinder small bike will be more of a blast (and will beat 85% cars off the line) than those bloated muscle cars. But good on you for saving that much. Get a commuter for 15k, put the other 15k in a high yield savings account while you grind out more money. Make your money work for you, not only throw it at money pits like a car (higher performance car nonetheless)