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.

Comments

  • +155 votes

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

    • +82 votes

      $80,000

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

      • +39 votes

        $80,000

        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
        Lol

        • +4 votes

          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 votes

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

        • +2 votes

          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 votes

        "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 votes

          @chickensaltfrie:

          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 votes

          @johnno07:

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

        • +8 votes

          @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 votes

          "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 votes

          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 votes

          @johnno07:
          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 vote

          @montorola:
          What do you ride mate? DRZ400SM here…

        •  

          @dschmeda:

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

        • +22 votes

          @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 votes

          @ninjataki:
          Their package or yours?

        • +8 votes

          @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:
          https://www.tradingpost.com.au/Industry/Tractors/2010-Ford-N...

        •  

          @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 votes

          @dschmeda:
          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 vote

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

        •  

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

      • +340 votes

        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…

    • +6 votes

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

      • -89 votes

        I do happen to have a degree in FP, and planning to get my licence too. I have long term goals, but I don't save for it. I make it. The downside of saving is high opportunity cost. Where do you put your saving if I may ask? Most people put them in the bank. How much interest income does it generates? Not much I should say in relation to the principle. Not to mention saving kills the economy as a whole.

        • +40 votes

          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.

        • -45 votes

          Hahahaha. I'm just here to seek opinions from everyone about cars, not sure how it escalated this way..

        • +175 votes

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

        • -66 votes

          @mrham: Waste is a relative term.. And I think if I could get a 100k car for 80k, that's a bargain? The next step after deciding which car to get is asking advice on negotiating with the dealer.. I've seen a lot of posts such as advice on relationship, thoughts and opinions that have nothing to do bargaining as well? Were you there to tell them that this is a bargain site?

        • +40 votes

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

        • +23 votes

          @chickensaltfrie:

          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 votes

          @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 votes

          @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 votes

          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 votes

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

        • +5 votes

          @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 votes

          @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 votes

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

        • +3 votes

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

        • +2 votes

          @mrham:

          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 votes

          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 votes

          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 votes

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

        • -1 vote

          @Ohhmygod:

          Your degree means absolutely nothing

          ughh…

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

        • +4 votes

          @niner:

          Wot?

        •  

          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.

          E.g.

          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 vote

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

    • +4 votes

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

    • +12 votes

      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 votes

        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 votes

        Probably cause this site is called ozBARGAIN

      • +1 vote

        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 vote

      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 votes

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

      • +1 vote

        Graduation gift.

        •  

          Congratulations. Personally I would look at the Infiniti Q50. I really like the look of them, and think that Japanese luxury cars are better value than German luxury here in Australia.

  1. StewBalls on 31/10/2016 - 20:20
  2. ranap on 31/10/2016 - 20:19
  3. mrham on 31/10/2016 - 21:33
  4. spaghettiman on 31/10/2016 - 19:16
  5. johnno07 on 01/11/2016 - 09:39
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