lexus is250 vs hoopty
 

ok so i'm a 19 year old student and i've made some money playing poker in the past year. i want to buy an is250 fully loaded which would be about 40k-44k. when i told my dad that i want a lexus he flipped the [censored] out. he goes on about how bad of an investment it is compared to me buying a 20k car. he assumes it will be a 30k lexus and says that if i take the 10k i would be 'saving' and put that in a savings account i would have 300k 30 years down the road.

i will obviously lose a little bit more money with the lexus, but how approximately how much more would i lose considering the following:

-higher insurance
-resale value (not sure if the fully loaded hurts/helps)
-other factors i'm not aware of that will effect this

Re: lexus is250 vs hoopty
 

Cars are a massive waste of money. Of course it would be a lot smarter to buy a cheaper car that will work just as well and save or invest the rest of the money.

That said, the IS 250 is a badass car, so get it.

Re: lexus is250 vs hoopty
 

Your dad is right. You can get a sweet car for less than 40k that will still pull some tail, and invest the rest.

NT

Re: lexus is250 vs hoopty
 

I was gonna say something, and then I went and looked at the IS 250.

Buy it. [censored] your dad.

Re: lexus is250 vs hoopty
 

for a 19 yr old to buy a full lexus with poker money, it is very, very expensive and pretty dumb for the vast majority of people. instead of ivesting the money you will put it in an asset which will depreciate and cost a lot of $$$ to maintain, through insurance and repairs (even if you get a better made car like a lexus compared to some of the more unreliable ones, its still a lot of dough)

Re: lexus is250 vs hoopty
 

Uh, $15,000 != Hoopty

Re: lexus is250 vs hoopty
 

If your 19 and making that kind of cash your gonna be a douchbag. Your gonna be snotty to your friends, gonna brag to chicks excessively and generally gonna be a douche.
The least you can do is to be a douche with a lexus.

Re: lexus is250 vs hoopty
 

one factor to consider is that once you enter the workforce, this might work against you (someone actually in the workforce could verify this). it would look pretty showy so if you're going for a raise it seems like it would hurt.

Re: lexus is250 vs hoopty
 

The workforce point is excellent. I think you should buy a classic car and touch it up, or get a bike.

NT

Re: lexus is250 vs hoopty
 

chisness - The kid here's an online poker pro! He doesn't care about getting a raise at some square 9 to 5 gig. This car will elevate him to pure baller status.

WACO - You know what you need to do.

Re: lexus is250 vs hoopty
 

anyone have any idea how much i lose with the is250 vs the 20k car? i would still have enough money to invest and play poker at the limits i want to play comfortably. so i guess what i'm saying is to ignore the fact that i could use the 20k that i'm not spending to invest, because i will still be able to invest. does that help the situation?

Re: lexus is250 vs hoopty
 

your first priority needs to be getting out of waco.

if you're gonna be making a $40k purchase, perhaps you need to do some research on your own, rather than relying on OOTiots to do it for you. just a thought.

Re: lexus is250 vs hoopty
 

ya waco does suck pretty bad but i've got a full scholarship for golf and i'm ridin' that out for another semester.

you're right about the research. however, i do not know how to research this. where do i start?

btw, paul wall sux, chamille runs htown

Re: lexus is250 vs hoopty
 

the opinion he's asking for is fine, but there are certainly a lot more cars out there he could be looking for.

Re: lexus is250 vs hoopty
 

I dunno man, you could buy a lot cooler cars with 40k.

Re: lexus is250 vs hoopty
 

like ...

Re: lexus is250 vs hoopty
 

I dunno, the only good reason I can think of to spend that much on a car that, while stylish enough, doesn't even look especially distinctive or memorable is that it might help you get "laid." If that's your goal I think you should just buy a classic ride for like 8K, and spend the balance on cooking classes. I guess you might want to take a massage class too, just to hedge your bets.

Just in general I think

investing in skills >>> investing in perishable assets.

Re: lexus is250 vs hoopty
 

Just buy one that's a year old.

Re: lexus is250 vs hoopty
 

Well, I personally would rather have:

G35
Evo 8
E-Class from a couple years ago
M3 from a couple years ago

Hell I dunno, but buying a new car is always stupid. Depends what you like.

Re: lexus is250 vs hoopty
 

[ QUOTE ]
he goes on about how bad of an investment it is compared to me buying a 20k car.

[/ QUOTE ]

I don't understand how you consider a 20k car a hoopty? A broke ass car like a Celebrity or a piece of [censored] Cutlass is a hoopty. HOOPTY's DONT COST 20 F'ING GRAND!!!!

Re: lexus is250 vs hoopty
 

I'm bound by my 2+2 oath to give the best advice I can. Believe me, I wanna mess with you and tell you to buy the car. But I'm a square.

Buying a 40k car would be really really dumb. Especially if you live in Waco... Lexus's aren't even cool in Texas. Buy a 2000 Ford pickup and put Bigfoot wheels on it or something. I dunno.. at your age, I think your car budget should be 6-10k max. I paid 16k for my first car, and I regret spending that much (though I do like my car).

You should be saving every last cent you can right now. Just because you're saving some doesn't mean you shouldn't save more. In fact, you should save more. You're probably already spending too much money.

Life is going to be a LOT easier once you hit 30 if you've put than money away rather than blown it on overpriced Japanese junk. You may feel like you're rolling in it now, but you're 19, single, and going to college on a full scholorship. You have zero real expenses.

Once you enter the real world, money's gonna fly out the window like crazy. Price a house and a kid. At least a million. Oops, that condom broke. Another 700k. That money you put away this year will seem like pennies in a few years.

Save your money. You'll need it. (And pay your taxes too while you're at it. [img]/images/graemlins/smile.gif[/img])

Re: lexus is250 vs hoopty
 

good, but difficult advice. is there a good way to calculate what X amount being spent right now would be worth in Y years? do we just estimate an 8% return on our investments for those years? how about inflation?

i think op should pick one thing he wants, probably this car and spend about 20k on it and save ALL the rest of the money. i think 20k saved now will be worth over 500k in today's dollars upon retirement!

Re: lexus is250 vs hoopty
 

Kid,

The is250 does not cost 40K, not even close.

And you should buy the most expensive car you want, it's your money, piss it away however you like.

J

Re: lexus is250 vs hoopty
 

chisness,

5 minutes with google can answer your question.

J

Re: lexus is250 vs hoopty
 

I would put that money in the highest interest account you can find for a couple of years and put that money on a HOUSE...

IMAGINE throwing parties, keggers and [censored], and how chicks will be all over you because, you know, you have your own HOUSE.

screw the car, just get a Dodge or Ford dump untill you finish your schooling.

Re: lexus is250 vs hoopty
 

jaydub,

the is250 i was looking at yesterday was 42k. it was the closest thing i have seen to a bond car.

Re: lexus is250 vs hoopty
 

[ QUOTE ]
Well, I personally would rather have:

G35
Evo 8
E-Class from a couple years ago
M3 from a couple years ago

Hell I dunno, but buying a new car is always stupid. Depends what you like.

[/ QUOTE ]

Buying any car on your list is pretty stupid from a finacial point of view. Doesn't mean it isn't the right play in order to maximize your happiness.

As far as cost of owning, go to edmunds and look at the TCO for the various cars you want. Those numbers are not exact but they give you rough ballpark numbers to work with.

And if you are paying 44k make sure you get the 350 and not the 250 [img]/images/graemlins/grin.gif[/img]

Re: lexus is250 vs hoopty
 

[ QUOTE ]
Just buy one that's a year old.

[/ QUOTE ]

That is pretty hard to do when the car is only 2 months old. And after 1 year, you are not going to save more than 5-6k (and I think that is being really optimistic). Doesn't really change the equation a whole lot.

Re: lexus is250 vs hoopty
 

I think you should get the car and drive like an [censored]. It will really boost your ego.

Re: lexus is250 vs hoopty
 

kid,

I'm not doubting what the dealer told you, but the list on a 250 is 30K-ish. Paying 40K+ for a car that lists at 30K-ish is a really bad deal unless you get the gold plated option.

J

Re: lexus is250 vs hoopty
 

TWC,

You will never have the opportunity again to be 19yo, in school w/ lots of hot college chicks, and have a car like this that everyone will think is the hottest thing around. Sure, you can be one more college dude w/ a 20k car, then in 5 years be one more working guy w/ a 40k car, then 5 years later be married w/ a minivan.

Or you can be the badass dude w/ the 40k car right now. You'll never have a chance to be this 19yo guy again. So go buy the car. Or stretch a little and buy something a little nicer.

Or listen to Mr. Conservative Married Guy Ed Miller.

Re: lexus is250 vs hoopty
 

[ QUOTE ]
You will never have the opportunity again to be 19yo, in school w/ lots of hot college chicks, and have a car like this that everyone will think is the hottest thing around. Sure, you can be one more college dude w/ a 20k car, then in 5 years be one more working guy w/ a 40k car, then 5 years later be married w/ a minivan.

Or listen to Mr. Conservative Married Guy Ed Miller.

[/ QUOTE ]

Dude, he lives in Waco. A Lexus ain't gonna make him cool. College chicks are gonna look at him like, "A car? Is he gay? Why doesn't he drive pickup?"

For like $500 he can pick up a fully pimped out Nitro Monster Truck. It's a Nitro, man... Texan women can't resist the Nitro.

Re: lexus is250 vs hoopty
 

just noticed that Ed and El Diablo have the name registration date. conspiracy? coincidence? very simple explanation? yes, one of those.

Re: lexus is250 vs hoopty
 

Waco!!! That changes everything. He's looking for one of these:

http://www.cloudster.com/Sets&Vehicl...ripes_664a.jpg

and that's a fact, Jack.

Re: lexus is250 vs hoopty
 

You should be looking at a used BMW M3.

"The IS 250 is briskly propelled by a 2.5-liter 204-hp V6 with 185 lb-ft of torque."

"[The BMW M3's] 3.2-liter, six-cylinder engine produces 333 horsepower, enough to launch from 0 to 60 mph in a staggering 4.8 seconds."

QED.

Re: lexus is250 vs hoopty
 

mr. diablo,

this is the post i was looking for! you totally put things into perspective.

Re: lexus is250 vs hoopty
 

I'm confused as to how you expect to pay 40-44K for a car with an invoice price of 26-30K. Does it come fully loaded with hookers and blow?

That being said, wasting money on stupid crap is what youth is supposed to be all about. Of course in my youth there wasn't online poker so my money wasting involved video games and comic books.

Swede

Re: lexus is250 vs hoopty
 

[ QUOTE ]
Cars are a massive waste of money.

[/ QUOTE ]

So true.

Buy a good 20k car, one with good gas mileage, use the other amount to go travel the world, see sporting events. The IS is a sick car, but I mean how important is a car for you? Hell whats wrong with an IS 2004 model? I think it would be smarter to buy a cheaper car, and then soop it up with a stereo/alarm/tint/etc. What about a great HDtv.

You are 19. You got a great setup to go travel. Do it while you can. Ever been to Europe?

Re: lexus is250 vs hoopty
 

[ QUOTE ]
Lexus's aren't even cool in Texas.

[/ QUOTE ]

I hope that isn't some east coast bias. Texas is big, and yes I would say it leans a bit to the country side. But living in the 4 big cities (H-town, Big D, SA, and Austin) are quite urbanized. Haven't you ever seen a Mike Jones video?

Re: lexus is250 vs hoopty
 

theres much more fun to be had in 40k then driving around like some big swinging dick in a mint lexus at age 19..



...or is there...? [img]/images/graemlins/smirk.gif[/img]