At what age, income, and NW would you buy a $50k car?

Questions on how we spend our money and our time - consumer goods and services, home and vehicle, leisure and recreational activities
Topic Author
soupcxan
Posts: 212
Joined: Tue Apr 14, 2009 8:54 am

At what age, income, and NW would you buy a $50k car?

Post by soupcxan »

[deleted]
Last edited by soupcxan on Sun Dec 10, 2017 2:15 pm, edited 1 time in total.
User avatar
Tycoon
Posts: 1630
Joined: Wed Mar 28, 2012 7:06 pm

Re: At what age, income, and NW would you buy a $50k car?

Post by Tycoon »

The function of the car would have to match the price. Why am I buying it?
Emotionless, prognostication free investing. Ignoring the noise and economists since 1979. Getting rich off of "smart people's" behavioral mistakes.
User avatar
TheTimeLord
Posts: 12130
Joined: Fri Jul 26, 2013 2:05 pm

Re: At what age, income, and NW would you buy a $50k car?

Post by TheTimeLord »

soupcxan wrote:There's a lot of folks here who would never buy a new car, let alone one for $50k. It's a depreciating asset.

But for those that would consider it, under what financial conditions would you do it? Hypothetically, if you were 35, had household income of $400k, and $2M NW, would you drop $50k on a car? What if you were 45?
Would I , yes. Although my tastes run in the low to mid $40ks. I bought my Lexus 8+ years ago and still appreciate it every time I drive it. Nothing wrong with the cars I had owned before the Lexus but I do appreciate the interior, amenities and the horsepower. That said I would pay cash and have no debt beyond a very reasonable mortgage before doing so. Had a few friends who bought luxury vehicles on the way up in their late 20s and early 30s after a little bad luck the cost of those cars became albatrosses around heir financial necks for years after they were gone.

I am guessing you are looking at a 4 series BMW.
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]
sambb
Posts: 3257
Joined: Sun Mar 10, 2013 3:31 pm

Re: At what age, income, and NW would you buy a $50k car?

Post by sambb »

I think you can afford it, enjoy yourself.
if this is a sports car, you might end up "outgrowing" it in 2-3 years, in which case I would lease it.
Lots of people want to say that they would keep these sports cars forever, but most dont, since it is a "fun item" rather than a functional one
If it is a functional choice that is meant to be long lasting (honda, lexus, toyota to be driven for 5-10 years) then i would buy.
I have had all sorts of cars - and they are fun, so go for it. So nice to reward yourself for the hard work, but just determine if this is a "one off" or if it is going to recur in your life. Recurrent purchases of escalating dollar amounts is another issue.
Topic Author
soupcxan
Posts: 212
Joined: Tue Apr 14, 2009 8:54 am

Re: At what age, income, and NW would you buy a $50k car?

Post by soupcxan »

[deleted]
Last edited by soupcxan on Sun Dec 10, 2017 2:15 pm, edited 1 time in total.
The Wizard
Posts: 13356
Joined: Tue Mar 23, 2010 1:45 pm
Location: Reading, MA

Re: At what age, income, and NW would you buy a $50k car?

Post by The Wizard »

I bought an upscale F150 for roughly that amount a year ago, at age 65.
It's great for hauling stuff...
Attempted new signature...
jebmke
Posts: 25477
Joined: Thu Apr 05, 2007 2:44 pm
Location: Delmarva Peninsula

Re: At what age, income, and NW would you buy a $50k car?

Post by jebmke »

Probably never. Not a car fan. Eventually want to move back to the city so I can be less dependent on a car. As long as I have a safe, reliable and comfortable vehicle I'm fine. I don't think I need to spend $50K to get that.
Don't trust me, look it up. https://www.irs.gov/forms-instructions-and-publications
navyasw02
Posts: 245
Joined: Wed Nov 19, 2014 10:38 pm

Re: At what age, income, and NW would you buy a $50k car?

Post by navyasw02 »

soupcxan wrote:There's a lot of folks here who would never buy a new car, let alone one for $50k. It's a depreciating asset.

But for those that would consider it, under what financial conditions would you do it? Hypothetically, if you were 35, had household income of $400k, and $2M NW, would you drop $50k on a car? What if you were 45?
I never look at it as a NW/salary issue, I look at it as a value proposition between $50k car A and a lower priced car B. If you can afford that price delta without sacrificing future financial goals or quality of life, get it.
User avatar
Taylor Larimore
Posts: 32842
Joined: Tue Feb 27, 2007 7:09 pm
Location: Miami FL

An easy decision

Post by Taylor Larimore »

At what age, income, and NW would you buy a $50k car?
qsoupcxan:

I am at age 92. If I can buy a "$50K car" or a cheaper car, and give the savings to my family or charity, I'm content driving a cheaper car.

Happy Holidays!
Taylor
"Simplicity is the master key to financial success." -- Jack Bogle
livesoft
Posts: 86080
Joined: Thu Mar 01, 2007 7:00 pm

Re: At what age, income, and NW would you buy a $50k car?

Post by livesoft »

When the price of something like a Honda Accord inflates to $50K, then I think that's when I would pay around that much for a car. Not even a decent Lexus costs that much with tax nowadays.
Wiki This signature message sponsored by sscritic: Learn to fish.
User avatar
mmmodem
Posts: 2628
Joined: Thu May 20, 2010 1:22 pm

Re: At what age, income, and NW would you buy a $50k car?

Post by mmmodem »

I'm a Boglehead first and a car enthusiast second. Therefore, I drive a low cost own vehicle: Toyota Prius. My sights are set squarely on a Tesla Model S in the future but my budget is at $30k at present for a vehicle. I can commute in a less expensive vehicle but it would defeat the purpose of being a Boglehead. :oops: My budget would be $50k if I had income north of $200k.
Danzangdc
Posts: 78
Joined: Sun Oct 13, 2013 7:59 am

Re: At what age, income, and NW would you buy a $50k car?

Post by Danzangdc »

Is 50k a lot? My slightly used Honda minivan was into the $40ks...
KyleAAA
Posts: 9499
Joined: Wed Jul 01, 2009 5:35 pm
Contact:

Re: At what age, income, and NW would you buy a $50k car?

Post by KyleAAA »

I would look at my financial situation holistically and make a decision based on that. I don't think it's reasonable to set net worth and age limits on purchases because there are too many variables.
tim1999
Posts: 4205
Joined: Tue Dec 16, 2008 6:16 am

Re: At what age, income, and NW would you buy a $50k car?

Post by tim1999 »

soupcxan wrote:There's a lot of folks here who would never buy a new car, let alone one for $50k. It's a depreciating asset.

But for those that would consider it, under what financial conditions would you do it? Hypothetically, if you were 35, had household income of $400k, and $2M NW, would you drop $50k on a car? What if you were 45?
In either of those scenarios I would do it. I'm a car guy though. I'd probably even do it on 200k income and 1 million NW unless I had kids.
The Wizard
Posts: 13356
Joined: Tue Mar 23, 2010 1:45 pm
Location: Reading, MA

Re: At what age, income, and NW would you buy a $50k car?

Post by The Wizard »

It's more of an available cash flow issue.
If you put $1000/month into your new car fund, then five years later where are you?

When you have house and college and kids paid off, it becomes easier to have cash flow available...
Attempted new signature...
Dottie57
Posts: 12379
Joined: Thu May 19, 2016 5:43 pm
Location: Earth Northern Hemisphere

Re: At what age, income, and NW would you buy a $50k car?

Post by Dottie57 »

No, I would not. Wait till ypu hit $10m. In investments, not net worth. Then drive what you want.
User avatar
Watty
Posts: 28860
Joined: Wed Oct 10, 2007 3:55 pm

Re: At what age, income, and NW would you buy a $50k car?

Post by Watty »

If you are married then realistically to be able to afford a $50K car you really need to be able to afford two $50K cars. :beer

You are also setting yourself up to be periodically buying more $50K cars to replace those.

That is not meant to be a snarky comment, the increase in the standard of living will likely be ongoing so buying a $50K car is a lot different than taking a one time $50K trip to Antarctica.

If your numbers look very good and you have a enough discretionary income then there will still be a limit to what you can spend each year. That means that you would need to look at the "opportunity cost" of what you would spend the money on if you did not buy the car. For example you might not be able to afford to take an expensive vacation if you buy the expensive car. Which is a better choice depends on your personal preferences.

With a limited amount of money to spend you may not be getting the most "bang for the buck" in going from a $30K car to a $50K car. Even if it is some sort of performance car you will likely spend 95%+ of the time in traffic where the performance does not matter.

Unless you can afford to retire today then I would be cautious about spending that much on a luxury item. I have seen lots of people that were doing very well run into career, health, and life setbacks where they regretted spending heavily earlier in life.
Last edited by Watty on Mon Dec 26, 2016 10:12 am, edited 2 times in total.
The Wizard
Posts: 13356
Joined: Tue Mar 23, 2010 1:45 pm
Location: Reading, MA

Re: At what age, income, and NW would you buy a $50k car?

Post by The Wizard »

Dottie57 wrote:No, I would not. Wait till ypu hit $10m. In investments, not net worth. Then drive what you want.
$10M is a lot.
OP could be dead by then...
:(
Attempted new signature...
KlangFool
Posts: 31529
Joined: Sat Oct 11, 2008 12:35 pm

Re: At what age, income, and NW would you buy a $50k car?

Post by KlangFool »

OP,

1) I would rather spend $2,000 on a dinner as opposed to $50,000 on a car. So, it is not an age, income, and NW based question.

2) I am a Nissan Altima person. I pay whatever amount that a new Nissan Altima costs every 6 to 8 years.

KlangFool
30% VWENX | 16% VFWAX/VTIAX | 14.5% VTSAX | 19.5% VBTLX | 10% VSIAX/VTMSX/VSMAX | 10% VSIGX| 30% Wellington 50% 3-funds 20% Mini-Larry
Dottie57
Posts: 12379
Joined: Thu May 19, 2016 5:43 pm
Location: Earth Northern Hemisphere

Re: At what age, income, and NW would you buy a $50k car?

Post by Dottie57 »

The Wizard wrote:
Dottie57 wrote:No, I would not. Wait till ypu hit $10m. In investments, not net worth. Then drive what you want.
$10M is a lot.
OP could be dead by then...
:(
I know. See post directly after my first one.
Lafder
Posts: 4127
Joined: Sat Aug 03, 2013 7:56 pm
Location: East of the Rio Grande

Re: At what age, income, and NW would you buy a $50k car?

Post by Lafder »

I haven't bought a 50k car yet, so maybe never, or maybe my next car :)

About 5 yrs ago we (spouse and I) went "cheap" and bought more basic cars with cloth seats and not fully loaded, but still not the cheapest available. At 27k and 29k all fees included we felt good about the cars and the mileage and the safety features.

However we both regretted the decision within a few years and were not "loving" our vehicles and not wanting to hold onto them forever as we had with our prior much more expensive cars.

Those cars have been passed onto teen drivers. So we chose our newest cars with a different perspective. We wanted the nicer features, but are still too cheap to go full luxury.

We spent under 40k each all fees included for what are so far cars that we love. Let's see what I think in a few years..............

Would I love a more luxury vehicle more? Perhaps. But I feel some guilt about the extra cost and enjoy seeing the money in savings and investments instead of depreciating in a car.

Some people love their cars more than others. So this is a personal decision more than a purely financial one :)

I could buy a 50k or more car, but I did not. So I can not answer the "would" since I have not :)

It depends on the amount of joy the more expensive car will bring you. It might be worth it :)

YOLO :)

lafder
User avatar
White Coat Investor
Posts: 17413
Joined: Fri Mar 02, 2007 8:11 pm
Location: Greatest Snow On Earth

Re: At what age, income, and NW would you buy a $50k car?

Post by White Coat Investor »

soupcxan wrote:There's a lot of folks here who would never buy a new car, let alone one for $50k. It's a depreciating asset.

But for those that would consider it, under what financial conditions would you do it? Hypothetically, if you were 35, had household income of $400k, and $2M NW, would you drop $50k on a car? What if you were 45?
Yes. I think that's fine. I like the rule of thumb to never buy a new car until you are a millionaire.
1) Invest you must 2) Time is your friend 3) Impulse is your enemy | 4) Basic arithmetic works 5) Stick to simplicity 6) Stay the course
sambb
Posts: 3257
Joined: Sun Mar 10, 2013 3:31 pm

Re: At what age, income, and NW would you buy a $50k car?

Post by sambb »

I always wonder in these threads what someone would say if you wrote the same income and NW but Asked if you could afford donating 25k to 50k to a charity.
User avatar
FrugalInvestor
Posts: 6214
Joined: Thu Nov 06, 2008 11:20 pm

Re: At what age, income, and NW would you buy a $50k car?

Post by FrugalInvestor »

I purchased a $40K car once. It would probably equate to $50K or more today. It was a very nice car but had more mechanical problems than any other car I've ever owned. It was also more expensive to repair and the dealer very resistant to fixing problems under warranty. I'll never purchase another high-end vehicle.
Have a plan, stay the course and simplify. Then ignore the noise!
User avatar
TheTimeLord
Posts: 12130
Joined: Fri Jul 26, 2013 2:05 pm

Re: At what age, income, and NW would you buy a $50k car?

Post by TheTimeLord »

FrugalInvestor wrote:I purchased a $40K car once. It would probably equate to $50K or more today. It was a very nice car but had more mechanical problems than any other car I've ever owned. It was also more expensive to repair and the dealer very resistant to fixing problems under warranty. I'll never purchase another high-end vehicle.
Best dealers in our area are Lexus dealers and the other in that dealer family. Near legendary customer service. On the other hand BMW dealers in particular have low ratings, similar but not quite as bad for the Audi and Mercedes dealers.
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]
spectec
Posts: 1828
Joined: Mon Jul 14, 2014 8:00 am

Re: At what age, income, and NW would you buy a $50k car?

Post by spectec »

I have told several friends that if they ever see me driving an expensive car, they should contact my wife to ask when is the last time I visited my doctor. Spending $50K on a car would be a sure-fire sign I'm in some sort of serious cognitive decline. Not saying this is how everybody should be, because somebody has to keep those new and high-end cars in circulation so I can buy them used at a reasonable price, But for me, a car is a reasonably-priced, reliable way of getting from here to there and back. Nothing more, nothing less.
Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it. - Will Rogers
ychuck46
Posts: 166
Joined: Fri Jan 04, 2008 12:54 pm

Re: At what age, income, and NW would you buy a $50k car?

Post by ychuck46 »

Did buy an F-150 Supercrew in 2012; that cost around $40K or so. But since I plan on keeping it for 100s of 1000s of miles, the cost will be less over time than many people pay for a car that does substantially less. For example, we travel for three months or so at a time (we're retired), taking a truckload of stuff with us. Try to do that in a Lexus or BMW.
Longdog
Posts: 2182
Joined: Sun Feb 09, 2014 5:56 pm
Location: Philadelphia

Re: At what age, income, and NW would you buy a $50k car?

Post by Longdog »

soupcxan wrote:There's a lot of folks here who would never buy a new car, let alone one for $50k. It's a depreciating asset.

But for those that would consider it, under what financial conditions would you do it? Hypothetically, if you were 35, had household income of $400k, and $2M NW, would you drop $50k on a car? What if you were 45?
It depends on a lot of things, including marital status, child status, home ownership plans and status, plans for retirement, and I'm sure other things as well. Given that many good (and much less expensive) cars are available, I would only do it if I was confident it wouldn't interfere with any of my more important financial goals, including home ownership, funding of children's college, sufficiently funding retirement accounts, etc.
Steve
User avatar
jainn
Posts: 314
Joined: Tue Jun 28, 2011 6:41 pm

Re: At what age, income, and NW would you buy a $50k car?

Post by jainn »

. . . .
Last edited by jainn on Tue Jan 14, 2020 3:27 pm, edited 2 times in total.
MoonOrb
Posts: 1506
Joined: Thu Jan 24, 2013 5:58 pm

Re: At what age, income, and NW would you buy a $50k car?

Post by MoonOrb »

soupcxan wrote:There's a lot of folks here who would never buy a new car, let alone one for $50k. It's a depreciating asset.

But for those that would consider it, under what financial conditions would you do it? Hypothetically, if you were 35, had household income of $400k, and $2M NW, would you drop $50k on a car? What if you were 45?
If I would enjoy driving the car: Yes, sure.
If I would enjoy driving a cheaper car about as much: No, and I'd spend $$ on some other thing I valued more, probably travel.
leonard
Posts: 5993
Joined: Wed Feb 21, 2007 10:56 am

Re: At what age, income, and NW would you buy a $50k car?

Post by leonard »

Never.
Leonard | | Market Timing: Do you seriously think you can predict the future? What else do the voices tell you? | | If employees weren't taking jobs with bad 401k's, bad 401k's wouldn't exist.
Punta Cana DR
Posts: 31
Joined: Sat Dec 10, 2016 12:53 pm
Location: Hilton Head, SC and Athens, GA

Re: At what age, income, and NW would you buy a $50k car?

Post by Punta Cana DR »

For me, never...I would buy used with good records. But, one should have hobbies which might include a sailboat, nice car, etc is personal choice and you should enjoy if you really want one!
Billionaire
Posts: 365
Joined: Sat Jan 04, 2014 2:05 pm

Re: At what age, income, and NW would you buy a $50k car?

Post by Billionaire »

Don't listen to any party poopers. Buy the car. NW and yearly income alone makes it a no brainer.
Billionaire
Posts: 365
Joined: Sat Jan 04, 2014 2:05 pm

Re: At what age, income, and NW would you buy a $50k car?

Post by Billionaire »

FrugalInvestor wrote:I purchased a $40K car once. It would probably equate to $50K or more today. It was a very nice car but had more mechanical problems than any other car I've ever owned. It was also more expensive to repair and the dealer very resistant to fixing problems under warranty. I'll never purchase another high-end vehicle.
That's an alarmist reaction. Just because you had a bad experience, doesn't mean everybody does.
Spirit Rider
Posts: 13977
Joined: Fri Mar 02, 2007 1:39 pm

Re: At what age, income, and NW would you buy a $50k car?

Post by Spirit Rider »

Over thirty-two years I bought five new vehicles averaging eight years/vehicle. In all cases I set 20% of income as my limit, which I never exceeded. So I have spent < 2.5% my income/year on vehicles.

I am already past eight years on this vehicle trying to judge what I should budget for vehicles in retirement. If I use 20% of a 4% withdrawal rate, that is 0.8% of NW.

Mostly, it seems really hard to think about spending a big chunk of change on a vehicle in the withdrawal phase, so I'm thinking on keeping this vehicle for another eight years. After all, my mileage is a 1/4 of what it once was.
stoptothink
Posts: 15368
Joined: Fri Dec 31, 2010 8:53 am

Re: At what age, income, and NW would you buy a $50k car?

Post by stoptothink »

Danzangdc wrote:Is 50k a lot? My slightly used Honda minivan was into the $40ks...
It is pretty crazy how quickly the price of a vehicle goes up. We're likely buying a new car next summer (essentially settled on a '17 VW jetta), we've already had OTD offers for <$16k for exactly what we want. We have considered getting something nice, that we really like, so we've driven cars up to around that $50k threshold (which by pretty much any metric is affordable for us), they simply aren't that much nicer than the car we can get for 1/3 the price. I am a major car nut, but I can't imagine paying 3x the price for something which is very marginally "better".

If you have a large family and need a larger car, you are kind of screwed in this regard. Have to admit, not having to get larger cars factored into our decision to stop at 2 kids.
reggiesimpson
Posts: 1697
Joined: Mon Dec 19, 2011 11:47 am

Re: At what age, income, and NW would you buy a $50k car?

Post by reggiesimpson »

I'm 69yo and just bought a used corvette for $58,000 (new $75,000). My income and net worth could support buying a new vette but like I said at the beginning i'm 69.
And still cheap........er frugal.
letsgobobby
Posts: 12073
Joined: Fri Sep 18, 2009 1:10 am

Deleted

Post by letsgobobby »

Deleted
Last edited by letsgobobby on Fri Dec 27, 2019 5:51 pm, edited 1 time in total.
Grt2bOutdoors
Posts: 25625
Joined: Thu Apr 05, 2007 8:20 pm
Location: New York

Re: At what age, income, and NW would you buy a $50k car?

Post by Grt2bOutdoors »

White Coat Investor wrote:
soupcxan wrote:There's a lot of folks here who would never buy a new car, let alone one for $50k. It's a depreciating asset.

But for those that would consider it, under what financial conditions would you do it? Hypothetically, if you were 35, had household income of $400k, and $2M NW, would you drop $50k on a car? What if you were 45?
Yes. I think that's fine. I like the rule of thumb to never buy a new car until you are a millionaire.
I violated that rule of thumb once, the key is not to repeatedly violate the rule. Don't bank on income, bank on what is actually in the bank.
"One should invest based on their need, ability and willingness to take risk - Larry Swedroe" Asking Portfolio Questions
rec7
Posts: 2369
Joined: Tue Oct 28, 2008 7:22 pm

Re: At what age, income, and NW would you buy a $50k car?

Post by rec7 »

soupcxan wrote:
Tycoon wrote:The function of the car would have to match the price. Why am I buying it?
Well, the truly useful function would be a self-driving car, but that will start around $100k from Tesla next year, plus little used inventory, so that's out.
TheTimeLord wrote:
I am guessing you are looking at a 4 series BMW.
No, Lexus.
For about 28k they put a Lexus engine in the carmy. Something to think about.
Disclaimer: You might lose money doing anything I say. Although that was not my intent. | Favorite song: Sometimes He Whispers Jay Parrack
User avatar
catdude
Posts: 1963
Joined: Mon Jul 16, 2007 8:11 pm
Location: Oregon

Re: At what age, income, and NW would you buy a $50k car?

Post by catdude »

rec7 wrote:For about 28k they put a Lexus engine in the carmy. Something to think about.
I have an '07 Camry that's a V6 -- 268 hp. Are you saying that's a Lexus engine?
catdude | | All generalizations are false, including this one.
cromwell
Posts: 81
Joined: Mon Dec 13, 2010 10:51 pm

Re: At what age, income, and NW would you buy a $50k car?

Post by cromwell »

My answer: Never again. I have bought 50k plus vehicles and the expenses don't stop there eg insurance, registration,maintaince,parts etc etc.One can purchase luxury and safety for considerably less,and many lesser priced vehicles are more reliable. just my 2 cents. :moneybag
daveydoo
Posts: 1564
Joined: Sun May 15, 2016 1:53 am

Re: At what age, income, and NW would you buy a $50k car?

Post by daveydoo »

Hate to say it, but too little info. If you were dying, I'd say go for it. If you were dying and leaving a couple of little ones, then of course not.

I would not pay $50K for luxury, but I would for performance (torque, handling, steering feel). That's a world of difference. And you can get a fun car for way less than $50K and you can a miserable car for way more. But in the first category you may end up with a car that won't impress anyone you know. That's been fine for me, but I get a sense that may not be fine for you. About blurring those lines, an acquaintance sold a business and bragged that the first thing he did was buy a "fast" car. Turns out he actually bought a large, prestige-mark SUV that is neither fast nor particularly fun -- by even conventional sedan standards. He bought a "nice" car, not a fast car. Luxury vs. performance.

It seems like you just want a $50K car -- so who knows what those features are worth to you. If you're 6' 4" and have a twitchy back and are only comfortable in a big Lexus, then get it. If the rest of your block has a $50K car and seems to have your income level and standard of living, and you've come to think "so why not us?" -- well, that wouldn't be a good enough reason for me.

And in terms of self-driving cars -- referenced above -- I'd pay about as much for a self-driving car as I would for a self-watching TV or a self-eating meal :happy .
"I mean, it's one banana, Michael...what could it cost? Ten dollars?"
rec7
Posts: 2369
Joined: Tue Oct 28, 2008 7:22 pm

Re: At what age, income, and NW would you buy a $50k car?

Post by rec7 »

johnny wrote:
rec7 wrote:For about 28k they put a Lexus engine in the carmy. Something to think about.
I have an '07 Camry that's a V6 -- 268 hp. Are you saying that's a Lexus engine?
Toyota uses the 3.5 V6 in the Camry and Lexus.
Disclaimer: You might lose money doing anything I say. Although that was not my intent. | Favorite song: Sometimes He Whispers Jay Parrack
User avatar
catdude
Posts: 1963
Joined: Mon Jul 16, 2007 8:11 pm
Location: Oregon

Re: At what age, income, and NW would you buy a $50k car?

Post by catdude »

rec7 wrote:
johnny wrote:
rec7 wrote:For about 28k they put a Lexus engine in the carmy. Something to think about.
I have an '07 Camry that's a V6 -- 268 hp. Are you saying that's a Lexus engine?
Toyota uses the 3.5 V6 in the Camry and Lexus.
Hmmm... how 'bout the Avalon? I think that's got a 268 hp engine.
catdude | | All generalizations are false, including this one.
rec7
Posts: 2369
Joined: Tue Oct 28, 2008 7:22 pm

Re: At what age, income, and NW would you buy a $50k car?

Post by rec7 »

johnny wrote:
rec7 wrote:
johnny wrote:
rec7 wrote:For about 28k they put a Lexus engine in the carmy. Something to think about.
I have an '07 Camry that's a V6 -- 268 hp. Are you saying that's a Lexus engine?
Toyota uses the 3.5 V6 in the Camry and Lexus.
Hmmm... how 'bout the Avalon? I think that's got a 268 hp engine.
Same engine they use it in several models.
Disclaimer: You might lose money doing anything I say. Although that was not my intent. | Favorite song: Sometimes He Whispers Jay Parrack
daveydoo
Posts: 1564
Joined: Sun May 15, 2016 1:53 am

Re: At what age, income, and NW would you buy a $50k car?

Post by daveydoo »

rec7 wrote: Toyota uses the 3.5 V6 in the Camry and Lexus.
And the old Lotus Evora used a (tuned) Camry engine (right?), but no one behind the wheel would ever confuse the two driving experiences.
"I mean, it's one banana, Michael...what could it cost? Ten dollars?"
User avatar
catdude
Posts: 1963
Joined: Mon Jul 16, 2007 8:11 pm
Location: Oregon

Re: At what age, income, and NW would you buy a $50k car?

Post by catdude »

rec7 wrote:
johnny wrote:
rec7 wrote:
johnny wrote:
rec7 wrote:For about 28k they put a Lexus engine in the carmy. Something to think about.
I have an '07 Camry that's a V6 -- 268 hp. Are you saying that's a Lexus engine?
Toyota uses the 3.5 V6 in the Camry and Lexus.
Hmmm... how 'bout the Avalon? I think that's got a 268 hp engine.
Same engine they use it in several models.
OK, thanks. It's good to know I've got a Lexus engine, if not a Lexus itself. 8-)
catdude | | All generalizations are false, including this one.
rec7
Posts: 2369
Joined: Tue Oct 28, 2008 7:22 pm

Re: At what age, income, and NW would you buy a $50k car?

Post by rec7 »

daveydoo wrote:
rec7 wrote: Toyota uses the 3.5 V6 in the Camry and Lexus.
And the old Lotus Evora used a (tuned) Camry engine (right?), but no one behind the wheel would ever confuse the two driving experiences.
True
Disclaimer: You might lose money doing anything I say. Although that was not my intent. | Favorite song: Sometimes He Whispers Jay Parrack
countofmc
Posts: 512
Joined: Tue Dec 11, 2012 11:03 am

Re: At what age, income, and NW would you buy a $50k car?

Post by countofmc »

Completely subjective and depends on what you value in life, I would think. If at age 35 I had 400k income with 2M net worth, I would not even hesitate. But we are talking about a car market nowadays where a well-optioned Toyota Highlander or Avalon can come in over $40k, to say nothing of a Lexus.

A well-optioned Lexus ES350 or NX200t can come in at $50k, so I mean doesn't sound too crazy. It's not like for $50k you would be rolling around in an S-Class or something like that.
Post Reply