2006-09-08 12:17:01 · 15 answers · asked by MissChatea 4 in Cars & Transportation ➔ Car Makes ➔ Lexus
Good one John.
2006-09-09 18:41:48 · update #1
Trust me, now is not the time.
2006-09-08 19:37:24 · answer #1 · answered by Carl 7 · 0⤊ 0⤋
Well, lets talk about this Logically. Suppose you have 60,000 in cash. You want to buy a new Lexus. If you buy it for 50,000... (need the other 10K to pay the taxes, liscence plates,insurance) in 4 years it will be worth less than 23,000 bucks. That is a loss over 4 years of 27,000 OR 6750.00/year. If you drive average miles you will spend 1800/year on gasoline. Insurance on a Lexus is high. Expect at least 1500/year. More if you are in California or the Northeast. Now, that alone is over 10,000 bucks/year and we have not even talked about Oil changes, brakes, tires etc... OR Putting aside cash towards the eventual replacement of this vehicle.
To keep it short, driving a new Lexus and replacing it every 4 years will cost aproximately 13-15,000 bucks/year for your transportation costs. So... to do this with any rational budgeting of about 10% of your gross income per year going towards transportation... DO YOU EARN over $150,000/year, have NO Debt whatsoever, and have a Net Worth of over 1 million dollars? If so... then by all means... Go buy a new Lexus if that is what you like. If NOT... Then You are being Unrealistic. We all have to act our Wage and live within a reasonable budget.
hehe... This is why I drive an old Ford Escort Wagon!
If you have around 12-15,000 cash you could buy a nice 5-6 year old Lexus if you want. Just be sure to run the same calculations to see if it can fit comfortably within your budget!
By the way... DO NOT EVER borrow money to buy a car... Cars go down in value like a Rock... Look how many people are on here asking..."I owe more on my car than it is worth... and now I want to sell it to get something else...what do I do?"
2006-09-09 17:17:54 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Well, lets talk about this Logically. Suppose you have 60,000 in cash. You want to buy a new Lexus. If you buy it for 50,000... (need the other 10K to pay the taxes, liscence plates,insurance) in 4 years it will be worth less than 23,000 bucks. That is a loss over 4 years of 27,000 OR 6750.00/year. If you drive average miles you will spend 1800/year on gasoline. Insurance on a Lexus is high. Expect at least 1500/year. More if you are in California or the Northeast. Now, that alone is over 10,000 bucks/year and we have not even talked about Oil changes, brakes, tires etc... OR Putting aside cash towards the eventual replacement of this vehicle.
To keep it short, driving a new Lexus and replacing it every 4 years will cost aproximately 13-15,000 bucks/year for your transportation costs. So... to do this with any rational budgeting of about 10% of your gross income per year going towards transportation... DO YOU EARN over $150,000/year, have NO Debt whatsoever, and have a Net Worth of over 1 million dollars? If so... then by all means... Go buy a new Lexus if that is what you like. If NOT... Then You are being Unrealistic. We all have to act our Wage and live within a reasonable budget.
hehe... This is why I drive an old Ford Escort Wagon!
If you have around 12-15,000 cash you could buy a nice 5-6 year old Lexus if you want. Just be sure to run the same calculations to see if it can fit comfortably within your budget!
By the way... DO NOT EVER borrow money to buy a car... Cars go down in value like a Rock... Look how many people are on here asking..."I owe more on my car than it is worth... and now I want to sell it to get something else...what do I do?"
2006-09-08 13:42:43 · answer #3 · answered by FreedomLover 5 · 0⤊ 0⤋
No, get a GM, Ford, or Dodge instead, then you wont be unreal. They really need you to buy their products and then later you would wish you have brought a Lexus.
2006-09-08 12:23:16 · answer #4 · answered by Anonymous · 0⤊ 0⤋
No, because Toyota has Lexus commercials in DVDs now and that is not cool. Go buy something else.
2006-09-08 12:23:22 · answer #5 · answered by Rockford 7 · 0⤊ 0⤋
If you really want that lexus and you can afford it, what are you waiting for, Buy it. It is a fine automobile after all.
2006-09-08 12:21:04 · answer #6 · answered by Anonymous · 0⤊ 0⤋
yep .dont forget you need to get a premiun "insurance"
my friend just bought an is ??/ her insurance is almost 50% of the monthly payment. she pays a bit less than 900 a month. ohh she is 29 with 2 tickets
2006-09-08 15:02:09 · answer #7 · answered by mauripaladi 3 · 0⤊ 0⤋
der...no, buy a vehicle that fits your lifestyle. if the foo sh*ts and all that. a lexus would pinch like a tight pair of heels!
2006-09-08 15:16:41 · answer #8 · answered by sheepherder 4 · 0⤊ 0⤋
hey if that's what you really want go for it I got mine free for working on them they are really great cars but expensive to maintain so make sure you have it checked if buying a used one
2006-09-08 19:17:54 · answer #9 · answered by Calvin C 1 · 0⤊ 0⤋
IF you have the money then why not? You will be getting yourself the best car on the road!
2006-09-08 23:38:29 · answer #10 · answered by Troglodyte 2 · 0⤊ 0⤋