hey
I'm maybe going to buy a new Hyundai Accent (standard, with options) for about 15500, hopefully lower if the dealer gives in tomorrow. She originally claimed 18,599 was the lowest she could go (imagine that). On the other hand, I've got my eye on a 98' BMW 540I for 19,500 and I'm positive I could drag it down in price too. It's nicer than the accent and only a bit more money, considering the numbers we're dealing with.
If I spring for the BMW I'll spend more on insurance and gas. On the other hand, won't it resale for a lot more if I take good care of it? I only drive for about 20 minutes per day so I wouldn't be running either car into the ground.
It's not even the BMW that's got me thinking though. I almost feel like I'd be better off to spring for something a hell of a lot more classy than these cars and have something with more equity in the long run. If I take great care of a nice car, no matter what, it'll be more valuable and useful to me than a hyundai accent. Am I right?
It's sort of like when you're buying a house. It's a terrible idea to invest in something that you won't get anything out of down the line. While cars go down in value and property goes up, I still feel like getting a car that goes down in value slower is a better investment.
An 07' hyundai accent will probably be worth 9,500 or something in 3 years. I'm sure of it. Cars like that are worth nothing so fast.
Can any of you guys help me out here? I'm new to this car thing and I just don't want to make any crazy moves.
edit:
I find things like this: SAAB car
And I wonder, like if it's in good running condition, why would I get an accent for the same price? Isn't that a horrible idea? I'm not sure sure about SAAB, their cars are sketchy, but then so are hyundais. I wish I had some cash to get this mercedes model I like but I think it's over 100 grand. I totally don't have 100 grand.