Well, I was approved today for an 07' gs350 for $500 over invoice with no money down.The total price was $47.5 give or take.I am just sitting here at my desk, really asking myself, if I should pull the trigger??Honestly, I really don't know what to do.I am really asking myself if $900 a month for 5 years, for a car is a smart move...

 

IMO, it all comes down to can you afford (it's all about disposable income). These cars arn't cheap, and I've always felt that a car is simply a means of transportation. However, with that said, I love my GS and because I can afford it I'm really enjoying it.

Good luck with your decision.

 

are you buying or leasing? 5 years is a long time. If you are buying, I'd either buy it straight out or put $ down with 3 maybe 4 years payments. Bottom line, how bad do you want the car?

 

IMO don't do it wait six to nine months and save that amount in payments
that way it will be easy on your budget and your mind.

 

there's no rush is there to get a car right? If this is the case, wait, don't stress, save some $$$$, then put it as a down payment, or just do nothing down at the time of purchase but then you have the few grand you saved over the past months to help with the 900/month payment starting at time of purchase, but at this time, you now onlyhave to have a 600/month payment, if you pull that 300/month from what you saved. Maybe that will be a little better for the stress ease?

Make a smart decision what ever it is, it's just a car, and NOT something you should ever stress about. It's not worth it.

 

That doesn't make any sense. By this logic he should continue pushing it off indefinitely.

The bottom line is that everyone is different. You should do what feels right to YOU.

 

Honestly, if I were you I would take a look at your overall financial situation and try and figure out a monthly budget of your income and expenses.

IMO you want to make sure you dont over extend yourself and that you still have some money lying around for a rainy day or for any unexpected change in circumstances (lose a job, marriage, kids, etc), especially if you are looking at 5 years down the road.

Granted, buying a car (especially as one as nice as the GS) can be an emotional decision. But, I think you want to weigh part of that emotion and excitement for the car with some sort of economic reality.

 

save 10 grand and pick up a pre owned from auto trader...

there are tons with low miles in perfect condition floating around

 

buy it used. if you have second thoughts on a car payment, you can always bail and resell the car. buying it new will guarantee you'll be upside down if you decide to sell the car soon after purchasing it.

 

I really don't think you can pick up a used GS350 for less than 44K. I bought mine last September and I'm loving every bit of the last 6 months with my baby.

YOU GOTTA "PAY TO PLAY" and you only live once.

 

I have some cash laying around but it was for wheels and suspension.I really don't see the benefit of putting a big down payment down.I am really just thinking of pulling the trigger or not.I'd have enough money left over each month but I don't know.

 

it's just a car man.. no matter what car, it's just a car, the bugatti I would like, is still just a car a very expensive 1.5 mill, but still just a car. flip a coin and go with it, not looking back.

 

.

 

about $9-10k in interest.This is just off of the top of my head.It may not be accurate but it's close.

 

I thought you were looking for a LS...