Looking to Buy a Brand New Car (~ $80,000) - Recommendations?

Uni graduate soon (21), will be entering Westpac as an Investment Analyst.

Private use, travels around 13K a year. Most of the time My girlfriend and i in the car.

Only considers SUV, Coupe or Sedan.

Not looking for a performance car but can't be underpowered.

Priority in decending order LOOK>Quality>Comfort>Performance>Technology>Resell>Safety

Currently considering MB GLC Coupe>C class coupe> CLA/ AudiS3.

EDIT: CX3 wasn't mine to begin with. It's more like a family car where I did the majority of driving but ultimately my mom bought it for my sister.

Camry was already sold.

closed Comments

  • +155

    Any specific reason you need to drop 80k on a new car fresh out of uni?

    • +82


      Take away two 0's and that's what my budget would've been :/

      • +39


        Take away two 0's and that's what my budget would've been :/

        You are doing well. For my car you have to take away three 0's

        • +4

          My first car was $80! Seriously, got the car for free and just had to pay to replace the battery! I then sold it 6 months later to the wreckers for $100!

      • +84

        Why anyone is willing to entertain this thread is beyond me. Troll is troll

        • +2

          The cars that he is suggesting are as boring as bats*it as well. Like the Audi S3. Basically the same styling as every other mid sized sedan. I can't imagine anyone doing a double take as an Audi S3 drives past.

          He might as well just put down 125k on a boxster and be done with it. At least it looks the part. Besides if the next gfc hits and he finds himself in the breadlines it doesn't matter whether you go bust for 125k or 80k, it's a three year bankruptcy either way.

      • Think we can be good bros ;)

      • +265

        "I think it's an investment with high yield."

        A Car, an investment? At best a depreciating asset.

        Professionally unless your job requires you to pick and drop your customers, I doubt if your customers will even notice your shiny new car parked somewhere.

        If you are trying to impress your colleagues with a shiny new car, they could'nt care less especially when they know that you are just one of the fresh analyst.

        Personally if you are trying to impress your girlfriend, think long and hard if someone is worth the 80,000 you are putting into it.

        Do evaluate your options carefully before investing.

        Disclaimer: The advice provided is general advice only. It has been prepared without taking into account your objectives, financial situation or needs. Before acting on this advice you should consider the appropriateness of the advice, having regard to your own objectives, financial situation and needs.

        • +146


          I'm not trying to impress anyone.

          Lol right

          I believe it helps me to blend in to this new environment. First impression counts

          You're literally trying to impress everyone.

          If you think a car is what you need to succeed, you're going to find success difficult. What if I told you I'd been corporately successful driving a beat up old Falcon, and that not once has my choice of car hindered my professional development? Save your money, buy a few nice shirts.

        • +3


          If OP like expensive car, maybe he can go work for a prestige car dealer instead.

        • +8

          @johnno07: Nailed it. Dress well. Only costs $500 for a custom fit suit online and another $300 for a full wardrobe from an outlet mall. Refresh every year or two.

          I'm big corporate customer facing and I don't take notice of what my colleagues drive nor do customers care what I drive.

        • +10

          "I think it's an investment with high yield." This statement says a lot about how Westpac handles investments isn't?
          If all their investment analyst think like that… oh god!
          If OP still bothers to look here, I woulsd recommend you to buy a 40K car and save the rest, you can get a pretty nice car and still ahve some cash, nobody knows what the future holds.
          Good luck with your car.

        • +3

          Take it from me, girls find any motorcycle more impressive than an 80k car ;)

          A motorcycle is what separates the real men from the posers lol

        • +4

          My managers who are successful in their respective areas still drive Nissan and Toyota - and they would never have to drive to work.
          Also interestingly, I found a bit annoying to hear another senior manager kept calling around to "service his BMW"

          Ikea's founder still drives an old Volvo - does it mean he is not successful, or that gives his suppliers, customers and staff a bad impression?

          Also with my high school accounting, cars get depreciated - especially European cars. Talking about European cars, their reliability is not as good as Japanese cars [and that's why I stay with Japanese cars]

        • +1

          What do you ride mate? DRZ400SM here…

        • @dschmeda:

          I have a Ninja 300, nothing special, but gets the looks at the lights ;)

        • +22

          @montorola: Im a postie and get girls chasing me down the street all the time….

          Usually angry about where their package is

        • Well said @renap

        • +4

          Their package or yours?

        • +8

          @chickensaltfrie: My boss is a GM at a billion dollar company and he drives a Ford Territory parked in a car park filled with German luxury cars. No one cares what you drive. It's about what you can bring to the table as a professional. Do your job well, be presentable and play the corporate game if you have to (unfortunate reality). Look for opportunities to impress through work related channels not outside of them. These people aren't stupid they've seen it all before.

        • @johnno07:

          ah sorry, i missed the part about this being an investment. Sounds reasonable.

          This is a good investment:

        • @johnno07: I think the OP is the Real Estate agent from American Beauty, you know, Buddy Kane.
          i.e. "In order to be successful, one must project an image of success at all times."
          I think the OP should have more respect shown if they just said I am a rich spoilt brat using mummy and daddies money to buy a car.

        • +4

          I think I have super in Westpac somewhere , time to move it.
          What's the traffic like on OZbargain these days, could make funny news.
          'Financial analysts have no idea why what triggered a sudden drop in confidence today as consumers rushed to move funds from Westpac. Shareprices have dropped dramatically and Westpac has announced a hiring freeze. A new graduate commented 'but I need a new a new luxury car'.

        • +1

          @tonka: you forgot the "Extra, Extra!"

        • @KevinFine: Haha theirs ofc
          Though my other bike is a wr450f

      • +340

        Uni graduate soon (21), will be entering Westpac as an Investment Analyst.

        I think it's an investment with high yield.

        I'm so glad I don't have any funds with Westpac now…

        • +10

          I'm guessing he didn't mention his investment tips in his interview. Well, I hope not..

        • +4

          If he drove his camry or his mazda he'd fit right in at westpac anyway

        • +12

          My exact thought too

          How does an "Investment Analyst" conclude that a car is an investment with high yield…….just does not compute

        • lol, me too.

        • I think they'll soon have a name change to Worstpac with this guy on board lol

      • +61

        you should also get a boat

        • +9

          or a Jet

        • +1

          and a few jetskis

        • +1

          Nah, real investment bankers have helicopters

      • +50

        Umm….when I see a 21 year old driving an $80,000 car, my first impression would be 'rich kid getting spoilt', maybe he's a pimping drug dealer or 'this dude must be full of himself'. I don't always think that of people, but it is usually the first thing that comes to mind. Also if u are just starting out at the bank…I don't think rolling up in an $80,000 car is the best way to go. People might be like….'This dude hasn't even started and he drives an $80k car….righto.'
        Feel free to disagree

        • +3

          Manager reads pathetic investment advice given on ozbargain & fires him before he starts

        • I think 'Don' t stack Daddy's car'.

      • +26

        This post tells me you've got a lot of learning yet, kid.
        Go get a Lambo, you 'deserve it'.

      • +76

        hectic… Trust me when i say - this will not play out well for you. I'm 29, MBA graduate, great role in one of the big 4. My GM's would barely own an $80k car.

        Personally, i've got a 2012 focus i paid 14k for a few years back. I've had my GM's in my car - and my salary has still doubled over the past 4 years… I'm tossing up whether or not to get a mid-size SUV like a CX-5 or Tiguan etc atm, and thats cos i go camping every month or 2 and need more space. I will be buying this second hand for under $20k. Anyone got any tips there? haha.

        I already cop shlick when people in higher positions than me hear i own a place over in Cremorne (and an investment in Ultimo), when they're further away from the city. Those, my friend are High Yield investments, which have awarded me much more praise and acknowledgement from my colleagues than a car ever would.

        When i used to hire graduates (in a previous role), things like fancy cars/watches etc in their early 20's would just show that they're heavily supported by the 'Bank of Mum and Dad', and are likely to be less driven than those who are supporting themselves, and less likely to waste money on irrelevant and useless luxury goods.

        Jump on the bus/train like the rest of us bro. I think your investment analyst colleagues would see that as a better 'investment'.

        PS - you're not at sachs, Deutsche or JP…

        • +11


      • +13

        You're an investment analyst that doesn't understand investment, money, or proportionate spending.

        I would gesture you not to spend 80k on a depreciating liability when your career is not by any stretch of the imagination secure.

      • +2

        You haven't worked hard for anything (your degree doesn't count). What the h*ll do you deserve @.@ ?

      • +90

        I understand completely. When being considered for my latest promotion, I was called into the board to answer some pretty standard questions. I absolutely nailed it and everyone was very happy.

        Then at the end they said, "Just as a formality, what car do you drive". That's when I knew it was over. Upon revealing that I drove a 2005 Mazda 3 NEO, they not only passed me over for the promotion, but I was also immediately fired for having something so lackluster.

        I understood what they meant when I walked with my desk packed into the box I was holding with both hands. Being a silver Mazda 3 I tried to open at least two other people's cars before getting to my own. The car is too ordinary.

        Live without a job has been pretty hard, although I have amazing references, excellent skill set and high demand for my profession, ever since my Zoom Zoom was made public, well, the few interviews I get are just people curious about my car situation, wondering how I could be so unimpressive.

        • +5

          I was in a sh_t mood for most of tonight until I read this lol

        • +5

          Take my + vote you funny magnificent unemployed bastard.

      • +1

        for a new grad, you will most likely be catching the train/bus to work like everyone else, so the chance of you impressing your colleagues with your flash car would be next to zero

        however, if you can afford it and simply want to treat yourself, go for it.

      • +8

        How the hell can you be an "investment analyst" and think a car is an "investment with high yield"?!?!??!

      • +2

        Firstly, invest in a couple of extremely well cut suits, quality shirts and some amazing distinctive ties. Trust me, the car will achieve nothing apart from cost you money you haven't even earned yet. Plus, no one will see it anyway, you'll be tied to a desk, trust. Some more free advice, the only way to the top in that industry is brown-nosing (not smarts), start immediately and good luck! Westpac isn't that plush anyway (none of the regular banks are), you will probably want to move onto greener, more impressive pastures as soon as possible. Don't buy any car over $15k until you've done a year in the job.

      • +2

        This seems like a troll thread, but anyway.

        I'm sure when you're driving an 80k+ car, you're thinking that everyone must be soooo impressed with your success in life, but I just assume you're in massive amounts of debt and like to make poor financial decisions. And that you probably struggle with simple tasks in life, like using your indicators and not being an entitled prick. I'm looking at you X5 drivers.

        I've met two people in my life that have worths in the tens of millions, one drove a WRX, the other one drove a trayback Falcon ute. Both also have a collection of amazing cars, but that's not what they drive day-to-day.

      • +1

        Holy shit

        Let me know which firm you work for so I don't invest in it

        Any nob who considers a depreciating asset an investment is a nob

        A bigger nob if you work as an investment analyst

        Fark me dead, it nearly gave me a heart attack reading this comment

      • I'm 27. Started in administration (payroll) and moved into assistant acc. and now accountant trying to be qualified. Salary have grown 50% last 2 years and excellent references ranging from receptionist to managing director and CFO from 3 companies. I did not leave because I dislike the company or management. I left simply because I was poached by manager who left, and wanted to bring me along and develop my career to the next level as he thought I have potential and quick thinking with determination to get to the end of the task. I don't make big bucks, but directors I spoke to always spoke highly of me in terms of attitude and integrity.

        I have no car. I bought a house instead when parents asked me to get a car with deposits they funded me (I refused but they insisted). I also have some savings, and bought a pair of New Balance 1500v2 from the recent Bupa 50% off. I run to train station and commute in the cabin to work when I feel alright. Take the bus to train station when I don't feel good. Shower at work and start my day like this everyday. I work in investment industry too.

        Warren Buffett still doesn't drive a $80,000 car, but he's worshipped by many.

      • Actually it will leave a negative impression.

        People might like the car and act imrpessed, but your judgement is being questioned.

        Same as with managers who have hot Personal Assistants… your judgement is being questioned.

      • Lol
        maybe you could written that better
        no uni graduate deserves an 80k car
        first impressions do count so if you're in the business of wooing customers then I guess we can see your point.

        As for your condition allows you to…
        Let me point out a lot of people in Sydney could take out an equity on their home and buy a ferrari but they don't
        Just because you can doesn't mean its the smart choice

      • +1

        21 here also, I think an $80k is a huge upgrade for somebody our age and not needed.
        As for your "profession", a job that you don't have yet?
        are you sure you want to drop that kind of dollar, which I doubt you even have…

      • Is this the most negged comment ever? lolol

      • What on earth are you talking about?

        Speaking in monetary terms there is no "yield" when buying a car. But then again you must mean personal joy and happiness, pretty sure I saw you say that the "yield" is your happiness in another reply you made on this silly thread.

        It's a car, your living standard will not increase by much at all.

        Being a uni student myself but working full time I can, with 100% confidence, agree with others in saying that NO ONE cares about what car you drive. They may be impressed for half a second, but it's about how WELL you work and what you bring to the table that truly leaves a lasting impression. You will look like a massive (profanity) rocking up to work on your first day, in your first full time role driving an 80k car trying to impress people.

        I am actually worried for Westpac for hiring you, clearly they don't screen their new hires very well.

        EDIT: I found the comment, it's on page 6:

        "I also mentioned yield as in non monetary gains. However, i don't think people like you want to know the whole content before judging."

        LMFAO. Will you use that excuse when you inevitably piss away your client's money in your new job?

      • Wow is there a black badge for a -300 comment?

      • Splurging all your money on a $80000 vehicle as a young fresh of out uni grad just paints you to your work colleagues as being an inexperienced overtly pretentious kid who was probably born with a silver spoon who cant help but show off. Anyone else would've give a rat's ass about what you drive to work. Word of advice: Go conservative for a few years than splurge when you're in your late 20's/early 30's if you really want a good car. Better still, save your money for a house deposit. I love cars myself (Bimmer owner) but srsly dude, restraint brother. Cars dont define people. You define yourself.

        P.S I am a full-time health professional who earns a decent salary and my colleagues are all high-rollers. But surprised, none of them drive anything close to $100000. I think the head person in charge who owns the complex drives boring Mazda 6.

      • -1

        i'll know your a f…wit before you've even got out of your car.

    • +6

      some people like to make a statement in society, and prefer not to save money for long term goals.

        • +40

          I wouldn't bother with the licence exam, you would just be correcting errors on the test paper.
          You need to spend money to make money, and the economy would be a ruin if everyone isn't spending their way. It's a multiplier effect, so more debt just adds some leverage to the multiplier. All good.
          BTW - you shouldn't be giving out this financial advice for free if you want to get ahead in the game.

        • +175

          @chickensaltfrie: You're on a bargain site asking how to waste $80000..

        • +40

          @chickensaltfrie: You asked how it escalated this way and because you seem too thick to get it, I layed it out for you.

        • +23


          It's your 'holier than thou' attitude. Everyone here helps if you've got a genuine question and ask it in a dignified way without trying to denigrate the people answering it for you. Humility will take you a very long way in the work force…regardless of your job. One day when a hot shot trader shows you their 'smugness', you'll understand what I'm saying.

        • +15

          @chickensaltfrie: Here in OB, it doesn't matter whether you saved 20k or not, it's about you spending 80k.

          You can easily buy a 50k car (which by the way is still very dear) and be satisfied with your car, with 30k left in your kitty.

          As an Investment Analyst you should know that you can don't have to save in traditional bank savings, and that you can invest in the securities market, and that doesn't 'bring down the economy', if anything it stimulates the economy.

          And just to jump ahead, if you actually don't have 80k on you and you are planning to borrow, that's even worse. No real point to be in debt for a negative NPV investment, UNLESS you believe showing your wealth status is extremely important, which other people have already said is a trait that needs to be reconsidered.

        • +14

          @chickensaltfrie: You could also get a very decent car for less than $20k and save yourself a whopping $60k for investments in ASX, S&P 500, Futures, and many other things. At 10% of return a year that $60k you saved will yield you $6 next year. Now that is investment. Buying a $80k car is not.

        • +9

          OK, I think I get what you're up to. You set up your expenses at the level that you want them to be, your goal.
          Once you have all the financial burden, you have to perform, and close the gap from where you are to where you have your expenses.
          It's putting "motivation" in your life. Instead of saving for something, and maybe loose the way, you put yourself where you want to be,
          as in "Wow, look at my life ( car )" and now you "just" have to get there at any cost or go bust !
          And since it's Melbourne Cup today here are my odds for you: 84% you fail, out of that 40% you try again, 20% you become homeless, 24% you commit suicide. Remains 16% you succeed. 10% chances you get high on substance, you wrap your car around a tree, and since you do not care about safety, you die. Of the remaining 6% i give you 4% chances of overdosing on coke during a party. leaves you with a 2% chance to succeed, only to get a Heart attack at say 45.

        • +20

          If you can get it for $80k, its not a $100k car.

        • +5

          @mrham: it might be waste for you, it might not be waste for him. you do realize that different ppl have different priorities in life right ?

          the gray plastic bags from coles can hold day to day stuff, but girls still buy LV and Celine bags, you may think that is a wastage too, i bet its not to them who buy.

          World is full of ppl with different priorities in life

        • +4

          @Professor Chaos: I summarised why people had such negativity towards his post. I don't care if he wastes the money on the car.

          To answer you though, I don't think you understand context. It isn't a waste for people to buy luxury items IF those people can afford them, it's good for jobs and growth :-). This guy is talking about selling shares (an appreciating asset) to buy a car (a depreciating asset) just so he can look cool as a graduate investment analyst. You should watch that Simpsons episode when Marge buys the Chanel dress, it will show a little of what can happen when people go above their means just to impress others.

        • @Brianqpr: There was that Audi 20% off all vehicles sale recently. A Q7 at around $80k driveway is a decent saving on what usually is a $100k car.

        • +4

          I think we have a future RBA governor in the making!

        • +3

          @cameldownunder: Mate I think there's a job at Westpac for you!

        • +2


          I know what can happen when ppl go beyond their means.

          maybe he is not going beyond his means, maybe he has a rich father/brother/mother/grandfather who can support his means
          maybe he has not provided his full life story for us to make an informed decision and a financial plan for him.
          maybe he is just trolling and not intending on buying anything.

          recommend a car to him and let him "waste" his (or not yet his) money. If he purchases it and dies of abject poverty later you or any one us won't even know, if he becomes super successful investment banker then good on him

        • +12

          Your degree means absolutely nothing. Don't kid yourself.

          There are literally thousands more people like you. Guess what, they all pass and have "a degree".

          A degree is merely a license to learn.

        • +2

          Just clarifying, a FP degree (many institutions only offer it as a certificate or a course) is not a finance degree that'll get you into the upper echelons of, say investment banking, private equity, trading etc. They're different, and command different respect levels.

        • +5

          I am NOT going to westpac for investment or financial planning advice.

        • @Ohhmygod:Well said!

        • -1


          Your degree means absolutely nothing


          I don't know anything but commerce, but the degree you have and where you attended university does matter at some companies.

        • +4



        • Mate, I don't mean to cause offense to you, but I seriously wouldn't go to you for financial planning advice (assuming FP = financial planning) if your spending habit mirrors your choice in cars. You will cause your clients to go broke!

          I value my money and the idea of wasting 80k on a car that will only depreciate doesn't make sense what so ever. I'm also successful at my job and I don't need any material asset to show off to anyone, and I'm quite content about it.

          If I can offer you a free advice, it would be to read the book “The Millionaire Next Door”. It could open your eyes and change your life for the better. Then you will understand what eveyone here is on about and understand why you have been getting so many negative votes to everything you've been saying.

          Anyway, Good luck to you.

        • Where does one do an actual degree in financial planning?

        • @serpserpserp: Technically, all you need is a RG146 which you can do online in <20 hrs, and you wonder why you hear about dodgy financial planners all the time. But a lot of universities/institutions offer a degree now, usually coupled with applied finance or wealth management.


          RMIT: https://www.rmit.edu.au/study-with-us/levels-of-study/underg…
          Open Universities: https://www.open.edu.au/courses/business/rmit-university-bac…
          TAFE: https://www.tafensw.edu.au/courses/tafe-nsw-degrees/choose-a…

          Some offer it as a Masters. Most as a Grad Cert/Diploma

        • +1

          ' I don't save for it, I make it' how do u do that when u haven't started yet? Just curious

    • +4

      The answer is in his question…..PRIORITY…..LOOKS

    • +12

      I don't understand the hate on this website for people wanting to buy things that are not considered frugal. He wants an opinion on which car in the budget he specified. He doesn't want an opinion on the budget or why or why not he should spend so much money on car.

      If he wants to spend his money on car its his wish, his life, don't judge his vision and planning based on this one thing when you don't know anything about him.
      some people die in an accident leaving millions in bank for a future plan living frugally, some spend.. some plan and spend later..

      chill ppl, just answer his question..

      I think you should go for Mustang GT mate, take a test drive :)

      • Hey, that's what i suggested !

      • +20

        If he only wanted opinions on a car he wouldn't have told us about his age, qualifications and his new job.

        He wouldn't be able to get a mustang by the time he starts his new job.

      • +4

        Probably cause this site is called ozBARGAIN

      • +1

        Set himself up badly with wording, then admitted its about impressing people… then goes on about not knowing what to do with his mmoney despite the fact thats hes in the business of …. investing.

        Imagine if this as on Reddit…

      • I understand where you're coming from. I believe people are ripping into him because, as others have said, this is ozbargain, a site to talk about how to be tightarses.

        Perhaps he would get more fruitful suggestions on a car forum?

        Sounds a bit trollish the OP though.

    • +1

      Any reason why you stated the job title? Are you looking for a car to match your title? Analyst isn't a sales role, you don't really need a flash car.

    • +16

      Why not mention the REAL reason - Dad sent some money over, right?

      • +1

        Graduation gift.

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