15K car on 50-75K a year salary

In my opinion, I would advise not getting a used sports car that has more than 50k km as they've 90% been tracked and abused. 15k flat + a few hundred here and there + random 1k+ repairs is gonna be just abit less than leasing a brand new base model 370z (manual 330hp?) for a full 4 year term and you can pay 0 down, a few hundred for licensing, ac tax, etc.

I know a lot of people are against leasing because they feel like they are renting a car, but it's right for some people: you will be covered by warranty so you won't have to worry, you're practically paying the same amount but over time, at the end of the lease you could still buy the car if you really like it, you can get a new car after your term, you might not want another sports car after your lease is over.

I got quoted 450monthly for 48 months ($21600) 20k km/ year but I'm sure they'll go lower than that, I wasn't too interested in the 370z even though it's the best bang for your buck because it's too rough to drive clients with in real estate.

Getting a used car is definitely better in the sense of saving money, but it might blow up in your face and end up being a money pit (people get rid of their cars when it starts showing problems). Also owning a brand new car is the best feeling ever. You do have the advantage of selling the car later on and getting some money back.

All in all, personally I wouldn't buy a heavily used sports car because you're essentially betting that the car won't have major issues, and have to pay everything up front.

But to answer you question (not good financial advice), hell yeah you should get a nice car. You're not going to be young forever and it'll help you in more ways than you know.

If you are interested in a new car, take a look at the Civic Si, WRX, BRZ, Sentra Nismo, Camaro, and Mustang, if not test drive whatever you can while you're looking for a car anyways, it might change your mind and help you find out what you're looking for.

/r/personalfinance Thread