Purchase or Save?
#1
Purchase or Save?
Hello all,
First off, im a first time buyer looking for a new car. I've always been using my dads Toyota camry 2005 and it's always been a goal of mine to own an Infiniti g35 coupe.
I've been looking on websites like kijiji and autotrader and I've found some people selling 03-04 versions of the car for around 3000$ (lowest) and 20 000$ (highest) but obviously the higher priced ones are lower on mileages.
It's not really in my motive to spend 10000$ on any used car. so I've been debating on getting the 3000$-5000$ ranges on the car. However these ones have at least 180 000-250 000on their mileage and I'm not really sure if I should purchase it. Any advice? What would i potentially need to look out for when buying such a low priced g35? How much would I have to spend on maintenance? What do I need to maintain? Any info would be appreciated. Again, if there are tremendous potential problems, I can always save for other cars. My end goal is to get one of these cars and maybe mod it and keep it for at least a few years until I want another car.
First off, im a first time buyer looking for a new car. I've always been using my dads Toyota camry 2005 and it's always been a goal of mine to own an Infiniti g35 coupe.
I've been looking on websites like kijiji and autotrader and I've found some people selling 03-04 versions of the car for around 3000$ (lowest) and 20 000$ (highest) but obviously the higher priced ones are lower on mileages.
It's not really in my motive to spend 10000$ on any used car. so I've been debating on getting the 3000$-5000$ ranges on the car. However these ones have at least 180 000-250 000on their mileage and I'm not really sure if I should purchase it. Any advice? What would i potentially need to look out for when buying such a low priced g35? How much would I have to spend on maintenance? What do I need to maintain? Any info would be appreciated. Again, if there are tremendous potential problems, I can always save for other cars. My end goal is to get one of these cars and maybe mod it and keep it for at least a few years until I want another car.
#3
Super Moderator
iTrader: (3)
You will have things like $800 tire replacements that make it hard to consider buying an older model car. The 3-5K sedans and either moderate condition or rebuilt titles. I would avoid buying a G in this price range.
If you want one bad, spend your money working towards a good job and then when you can afford it buy the one that is the right choice.
#4
#5
$3-5K cars don't maintain like $3-5K cars. They maintain like the $35-40K cars they were when new. That's one thing that a lot of buyers overlook when they purchased a older, well-used luxury car.
Odds are once you buy the car it will need another $2K in maintainance anyway.
Plus then do you really want to mod a car with 180,000 miles?
Odds are once you buy the car it will need another $2K in maintainance anyway.
Plus then do you really want to mod a car with 180,000 miles?
#7
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Also take a look at VGHCX. That damn fund has been pulling down a 17.4% annual average since 1984. Last they blew it out of the water at 28.52%. It's high risk, but high reward. If you have time on your side, I think this is a freight train that will pay off for years to come.
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