I'm Trying to Save Money, but Want to Buy a $35,000 Car
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- เผยแพร่เมื่อ 29 ก.ย. 2024
- I'm Trying to Save Money, but Want to Buy a $35,000 Car
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At this point I think people just call to flex😂🤦🏿♂️
Flexors flex 💪🏽
“In 10 years it will be a cute little old car”😂
Atleast it will still be "cute". In 10 years most of us will just be.....old.....
He has no idea how much value a fk8 holds
Don’t buy a new one. My new car is 3 years old with 14 k miles on it. New was 50 k I payed 21 k drives like new.
I bought a 2006 Porsche Cayman S in 2015, drove it as a daily until October 2023 and sold it for 2.5k more than I paid for it. What a car.
Yet another person calling in to flex. 100k a year job and 100k in the bank and having to ask to buy a 35k car. If he was good at managing his money, he could save that much next year. Smh.
For $35,000 you can get the baseline Tesla Model 3... Consider driving electric if you have the money for it.
He meant it has a better resell value compared to other cars lol
I would be something around 10k.
I love how he paused after letting Dave know what he has in savings/investments and expected Dave to praise him lol
😂😂
Cool!
You must be insecure, I don't think anyone thought that
@@Bremith103 The thought did cross some people's minds. I know because I can read people's minds.
Joey it was an awkward silence lol
Thanks to Dave, I sold my car and now take my rollerblades to work.
😂😂
Ohhh man, this comment is priceless 😂😂😂
Rollerblades are too expensive. You should sell those and buy some 2x4s and bolt some shopping cart wheels to them
beans, rice and rollerblades!
Thats excellent if you had too much car.
Dave doesn’t quite understand the full car market. A used Type R with 10-12k miles is not going to be too much cheaper than a new one. Some cars do maintain value quite well and in this instance it is good to have the assurance you bought a vehicle that was broken in properly and treated well.
Type R is also a car prime for abuse. I can see some young kid financing one then redlining it regularly. Then turning it in to the dealer.
Dave thinks he knows everything about cars. I would buy new and keep it forever. Plus you know it hasn't been abused.
Dave said in 5:07 As cool as it is a don't know if the Honda Type R is a "beautiful car". I mostly think of Aston Martins, old Jaguars, and Porsches when I think of beautiful cars not really cool jdm cars.
At least 10-20% cheaper.
Unless you go to a car lot that rips you off as most are charging above KBB for used cars
Blackhole Falling!
I agree but to each their own. 😉
This guy is doing great, 27 a100k salary and 100k in the bank not including retirement funds. Personally I rather invest that 35k into some rental property but he's done well enough to reward himself .
Let men have their toys
Done well enough? The guy is 27, he can blow the 100k in months if he wanted to. I’d stay intense
@@БиггиСмолс-ю6ьur judging someone for having 100k cash lol and what do you have again
He still has to live a life if he has no debt. @@БиггиСмолс-ю6ь
You could tell the caller wasn’t about to argue when he realized Dave didn’t know anything about type r’s and how they do hold their value so he just agreed with him lol.
so true lol, probably because if u disagree with dave a bit he just hangs u up with no warning xD
If I was this guy I'd be saving to buy a nice apartment with cash and buy a used car for around 20k
Not in Illinois I wouldn’t.
Best Line:
Caller: "They hold their value pretty well"
Dave: "No they Don't"
Caller was right Type R is one of the best cars to hold their value, as long as you were able to pay sticker or lower for the car.
A typer will probably go up in value over the years..
Clearly, you don't know lol
jr5.o maybe if he doesn’t drive it.
To be fair I think caller meant it holds its resale value. And yes Hondas and Toyotas both hold resale value better than most and don’t depreciate as fast. Both sides had a point.
Chicago winters are hard AF on cars. The potholes will swallow your wheels!
Same thing in the great state of Colorado
Yup especially something so low profile like a Type R. He’d be better off getting himself a nice lifted Wrangler or something.
@@averywealthyman4194 Do you even have roads in Alaska? 😂 ever been to Michigan where we can't chain our tires and rely on salt? My husband's car was so rusty it cut his brake lines! 😂
A little under 2k can get him a set of wheels with snow tires, swap during winter
@@johndone8045 what if your car is only work $2k? Buying a "set of wheels" for my car would cost more than it's worth 😂
Our partners at IntelliChoice assume 42,000 miles at the end of three years and the Civic Type R's value to be a whopping 87 percent of its new price. I'd call that retaining much of its value.
I call that losing 13%
@@fhuber7507 q
Let's see what it retains after 10 years, maybe 35%
@@Da_padilla DUH
@@todd2456 yup!
You better be sleeping, eating, and working in that car if it's $35,000! Choke every cent out of that car 😂
You better be sleeping, eating, and working in money. I understand having money to have a better quality of life, but having money for the sake of having money is just greed.
@@PacoPR28 you ever heard of the phrase "financial security"?
@@e.samoor8323 facts
@@e.samoor8323 One thing is financial security and other thing is hoarding money. You do not have to be a millionaire to be financially secure.
@@PacoPR28 99.99% of people cannot hoard enough money for it to be called hoarding.
35k is actually a good price for it today I can’t find any lower than 38k
Shane, if you're reading this, do this:
Go out to a modest dinner and leave the waiter a $100 tip.
Do this a couple times and you should start to feel better about spending a bit on yourself.
Except that most restaurants now share tips so that $100 just got spread out 8 ways and didn’t actually help the waiter/waitress you just tipped
@Viper lol you just told me I'm wrong and contradicted yourself by saying "small" restaurants don't do it. Well, majority of restaurants now after the pandemic are not small restaurants. They're big franchise chain restaurants. Most people dont shop local anymore. Therefore meaning majority or "most" like i said share tips
That's reeeeeeetarted
Honestly the way I look at it is if I can pay for something 10 times in cash then I can afford it .
U have 100k in the bank and make 100 k a year I would say try buying a car that’s in the 10-15k price range. But if u don’t mind giving up 1/3 of ur savings then why not
Dave doesnt know what a Civic Type R is, although I do agree with Dave to buy a used one unless you are a millionaire. Used integra type R have sold for over 80 grand at auctions.
Blue Collar Money & Investing Channel..... Yeah the original Integra type R..... There is no chance a 2018 Honda type r is going down that path
@@Soljarag5 you never know...Only time will tell!
There not worth 80 k. Madness 😳
I had a yellow one stolen in 2005.
As a recent college graduate who is debt free and should probably save for a house, I really want an E36 M3 before they become unobtainable. I understand this man’s question.
It's difficult being a younger car enthusiast. I'm looking to buy my first house, but I'd also like to buy a Dodge Challenger 392. Unfortunately, I can't afford both right now.
Save up, Import one from Europe. More power. Also, there were so many more e36s made than the e30, so don't get scared because of how much the e30s shot up in price. Just be diligent, patient, and save. (Oh and get an e46 instead 😉)
Joshua Walker Ahhh another avid BMW fan, I see. The E30 is my favorite M car, but they are now unobtainable. A stock, low mileage example sold for $250,000!!! The E46 is nice and people say it is THE best drivers car (especially in the M family), but I just love the boxy look of the E30 and 36.
@@rrennnerr Wait what! E30s are that expensive now! I had no idea. My new neighboor has an E36 and an E30. He daily drives an M6. No wonder he lives near me, he has no money left, bwahahaha.
Buy real estate over your car, bro. I know it's probably hard, but 50 y/o Andrew will thank you. Plus, investing in appreciating assets will allow you to buy whatever car you want in the future!
A lot of car enthusiasts are here because we're broke from cars/ mods and we want to buy more.
I definitely appreciate the more realistic calls not people saying they have 100K in the bank and make 100K a year just called in to get told to buy the car he already knew he could afford
Definitely a mental thing. I’m kind of the same. We know we can afford things but seeing the money in your bank brings you more joy than spending it. Also a sense of security in case something goes bad. He’s also probably never spent over 20k in one transaction so that probably makes him feel more uneasy even though it wouldn’t affect him at all financially. It’s all mental.
"In 10 years it'll be a cute little old car"
Supra and R-32 😕
S2000, shelby GT500
I paid 36k cash for my Type R new in 2019 and i have had multiple written offers for 33k since then. They hold their value insanely well. It’s not that they don’t drop in value at all, but it’s much much less than other cars. Amazing car, buy it dude I drive my R more than my M3. You will love it just go buy one
GET A Honda S2000 IT HAS ALREADY DEPRECIATED ALOT AND IS THE BEST CAR HONDA HAS EVER MADE(Better than the type R). IT IS A GREAT TUNING AND DRIFTING CAR.
Good luck finding one in good condition under 25k
those are nice cars. will have to get one at some point.
What a moronic comment.
@@wololo4761 Why? I think the S2000 is better than the new Civic Type R, and the S2000s are older and have already taken the majority of the depreciation with prices rising in the past year.
It's a Honda Civic with 300hp. Wait til you see the insurance quotes haha.
Cheaper than my 650 horsepower car I bet
Insurance company treats it just like other Civics. Source: I owned a regular Civic. just bought a 2020 Civic Type R and my insurance went up only about $20/month.
Its not that bad
cant be that bad I got a 2020 Honda Civic Si and i only pay $119/ a month full coverage
I feel this pandemic has taught people the importance of multiple streams of income, unfortunately having a job doesn't mean security.We need to take budgeting seriously. So l really appreciate your transparency and giving people more to think about during these unsettling times.👍
You can go get this car!
Caller: Okay
I feel the same. Can easily afford stuff but don’t want to spend the money. I also found that dreaming is just if not more fun than actually buying it.
It's a Honda miles don't matter they run forever.
Gotta be careful with some Honda automatic transmissions. A Honda with a manual though...they're pretty much bulletproof.
Unless they have a automatic transmission
I'm going to be generous and give money to my savings account and keep driving my 09 car.
Non car guy?
@@jr5.o100 Correct. I just need my car to get me from place to place and have bluetooth. 🤣
This man is the only wall that is stopping me from dropping 40k on a new Tesla car by reminding me that it's an impulse decision.
I have a 2015 year old Corolla that still runs well with around 50k miles.
Thank you for the reality checks and keep up the good work!
I swear some people call just to brag
How so? It is a baby step 1 - 7. I for one am getting annoyed by the endless baby step 2 idiots.
I have heard brag on his show before. This sounds more like insecurity about doing the right thing. He told Dave his ‘numbers’ because Dave would have eventually asked anyway.
I don’t even have to watch the video to know what Dave is going to say😂
*update*
I was wrong :( Dave was actually okay with it
Mason Martochko - Personal Finance 😂
I don’t agree with u have to be a millionaire to buy a brand new car if u have enough invested and saved up and have a decent income u should be able to get it a brand new car yes you are basically burning money but with sport cars people normally buy them to drive them hard and have fun
I mean, Dave basically says this because buying a brand new car is a luxury and not a necessity. I'm guessing he holds the 1M net worth goal post as a guideline for those thinking about burning their money on stuff that depreciates. I'd argue that if you're not debt free, maxing out your 401k / IRA / HSA every year, and have your savings rate at least 30-40% range minimum, then you already can't afford a new car.
I don't know if some of the folks here remember, but that video Dave released like 2015-ish about savings rate is pretty big. The #1 indicator in 2015-ish (74% of the indication) of retiring wealthy = savings rate. To quote Dave "putting money in your freaking retirement account".
Brian May u just said exactly what I was saying but more beautifully 😂😂
dave: "nothing hold value with wheels and motor, they all go down in value"
honda s2000, lotus exige, original nsx, porsche 993: "am I a joke to you?"
I know you’re kidding, but I’ll add that in many videos he does mention exceptions to the rule.
the original Acura integra Type R
I wish I would of bought a s2000
You’re right; the mint condition, low miles, unmodified ones, if you want to enjoy the car they will go down regardless
Dave is not right, but you are not either. Assume you go back in time and put whatever it was a NSX cost into an index fund, how many NSX could you have bought if you cashed out now? Not to mention if you had bought the car you still would have had to maintain it. Just because some cars no longer depreciate does not mean they are investments, so I side with Dave on this one.
You could always eat rice and beans in your 35k car 😅
100k in savings 100k salary at 27 years old. OMG
Dave doesn't know much about Type R's. They do hold their value.
Go get it, you can pay 💲 💵 you only love once. There are other options though, get a used car in great condition.
I would get it for 2/3 the price or less. Buy used until you're a millionaire
@@pkal244 Impossible for the car the caller wants. Might be better to buy new to prevent hidden issues from the previous owner abusing it which is common in this type of car.
@@TheLivedeath fair point. There are several hobbies that are dangerous on the millionaire grind. Being a gearhead is one of them. You can spend so much money trying to tune performance it's silly.
Apex PressureWashing YOLO 🤣🤣🤣🤣🤣🤣🤣
The only reason a car “holds value” is when the demand is higher then the supply. Once something better comes out this car will drop in value tremendously. It’s only a Honda Civic type r .
Nah Honda's and Toyotas are the best at holding unless the American Brands. For ex I had an 96 Civic before and got in a wreck and a insurance owed me 3k after paying it off because it maintained value so well. I literally got paid to drive it
Who gets to 50 and regrets not spending money and that a car will make you happy and change your life? It's just a car. Not a life
True
Dave's point is that if you drive that car as a daily driver for 10 years, it won't hold value. If you keep it as a weekend toy and put 3k miles per year, it will hold value, and if honda stops making it over the next few years, it will become a collector's car, like the S2000 and the NSX. So Shane should buy a new one, because he can, and he should enjoy his toy. Dave also said that at the end.
I’ve had my type R for 6 months now and the value is more than what I bought it for
What’s your income? What are your car payments? Might’ve brought more value to you but for most people a 35k car rarely provides more value than what paid for
Giasai I paid cash for my R. Maybe he did too. 36k isn’t a hard sum of cash to part with for some people who have a passion for great driver’s cars. No need to be hasty on assuming his payment
You’re young, you have the money. Get the car.
Save for a house bro don’t buy some stupid car
He has a lot of money already saved and makes 100k a year. A 35k car is nothing with that savings/income. He can make it back in a couple months. We also need to live a little in moderation. Our days here are not guaranteed. What if he passes away before he can afford to buy a house? At least he could enjoy his "dream" car.
Buy the 2017 for the price of a new one
It’s a Honda Civic Type-R.
It’s a drivers car. Best of JDM.
I wont spend that much on any vehical because its à depreciating item buy cheaper and save guess what that vehical is worth in 3yrs..4yrs you lose all that savings money
Another humble brag
insecurity kills you!
@@morita0827 so does vanity
When I was his age I bought an inexpensive new Mazda and regretted it. Paid the stupid tax on that one. I bought a more expensive 2 year old used Audi a few years later, and kept it for 12 years.
A new car is only new before you buy it. Once you buy it, it’s a used car, and it’s going to drive just as good either way. So get the used car, unless you’re a millionaire.
Nothing holds its value with wheels and motors he does not know about the Ford gt
That’s a good car. Dave is wrong, this car holds its value extremely well. The first Acura integra type R sold for over $100k. It was only $25k brand new in the 90’s
I’ve been lusting over a CTS-V wagon 6spd for a few years, new they were 60k.. now they’re selling for 55k... why me!
Davis so of touch with reality yes that type R will go down in value but not as much as other cars and even 10 years from now their value will be strong because it's a very hot vehicle for certain people you can't even go by Book value on a vehicle sometimes there is an Enthusiast value in those vehicles that bids the price up on most of them to buy one used will be almost as much as new and when you're buying a car like that you don't want one that has been beat on by somebody else which unfortunately usually happens
i would buy a house first, but he can obviously afford the car.
I have a '69 Mustang and EVERY year it moves up in value.
The Honda bug when it bites, bites hard.
Some cars do hold value a lot better than most. IT’S JUST A FACT. Compare a 3-4 year old S63 AMG vs a Porsche GT3 on the used market both cost around 180k new. Once they both get 10 years old the GT3 can still be worth 100k the S63 will be like 30k
Dave obviously knows nothing about Type
Rs and cars that actually hold value
I think that car might hold its value a little better than the average. Case in point, the 2017 is just as much as a new one. And dealers are actually marking-up the MSRP of these cars.
I have a feeling that this car will be the S2000 's of today.
@@glich610 Nah S2000 was in a segment that no one makes anymore. A cheapish small sports car. The only competition now is/was the Miata. Type R has many more competitiors. Veloster N, Golf R, focus RS, STI
As much I dislike Honda, the civic type r a nice car but fwd cars boring to me so never would want it
he clearly said "holds it's value pretty well"
my car (wrx) is 75% of its original price after 10 years
Subaru gang
1:28 Dave twitches when he says you can get this car. Can’t have their own opinions He only allows his views.
Uuuu, I noticed that. Let's give him points/a pass for remaining silent rather than contradicting Hogan.
I get that it’s so hard for me to make big decisions like this!!!
Minority Mindset channel gives a recommendation: 50 spend/30 invest/20 save for singles; 75 spend/15 invest/10 save for married/high expenses
The Civic Type R that caller mentioned is one of those cars that does not depreciate much. A friend of mine bought a 2017 for $32K. That car was priced $35K back then. I bought a 2020 Type R a couple weeks ago with MSRP+ $1K markup. Most cars do depreciate however unlike this one.
Lusting over a honda lol
It’s a type r. They’re pretty amazing cars.
Wasted money on a Honda mower
Still a Civic I mean if your going to spend 35k there are much better used cars you could buy...but whatever I guess.
drop a vtec in it
Honda Civic Type R
Dave doesn’t understand, these cars hold there value pretty good, especially how marked up they are
Buy the car Dawg!!!
Love people, not things; use things, not people. -Spencer W. Kimball
Admittedly I’m not a car person. Hubby is and would love a nice little Porsche but not ready to take from investments (yet). Dave and Dr D would prob tell him it’s time. I agree caller has done well and should reward himself. I think quote above is good to just keep things in perspective. Enjoy 😉
I freaking knew it was a Type R.
The civic type r is a safe bet to hold its value, manual cars are dying out quickly and people will pay big money for them
Called in to flex 😏
100k a year worried about a 32000$ car dude look at trucks than you think that car is dirt cheap pos trikes are 50-60 for a junk trunk
Loving the Type R, but by 2004 honda civic LX has 38MPG / type R is 28MPG Hwy. Kinda disappointed at that
35k honda, must be the civic type r fk8
And yes this car holds the value extreme well, dave u are wrong again
Just buy it
And nooooo the 2017 version is fk2, 2020 is fk8.... they are different..........
This man really just wanna flex on all us
He’s probably trolling. Nobody with 100k sitting in the bank while making 100k worries about buying a car for 35k. If he’s telling the truth he’s got some weird obsession or mental issues.
I’m in the same boat at this guy 35k is still a good 4-5 months of work just gone in an instance and invested the money could give you more. The joy of having 35k is almost as good as the car.
Best to invest the $35k towards a rental property, then use the profit from that to save towards a second hand car.
He’s awesome! 👍
All cars don't go down in value. Ny dream car is a 1993 Mazda rx7 and its only been going up. Its iconic. Certain cars from movies, races, games, whatever that people love will always PAY up. Especially if its an automakers sports car. Go look up all those 1960s muscle cars.. they are all UP in value. Don't be an idiot and say THEY ALL go down.
Buy a brand new FK8 and keep it forever, so you can enjoy it when you're 55!
Have a second car for commuting, snow and all that other stuff.
Reward yourself ?
Don’t need to spend 20+ % of your net worth on a car to do that but if he wants to is up to him even at $100k a year post tax thats like half of his yearly wage for a car????
Buy a nice car for $20k and invest the rest in TESLA stock especially with current big dip then it will pay for your car and you can sell it in a few years time and buy a better one if you want/ leave it in investment.
In 2012, we bought a 1996 pickup truck for $3300. With regular maintanence, it still runs great!
This guy worked hard....and he is not allowed to buy a new car? He can only get in cars after other have farted in the seats for 1-2 years? I dont get it. Stranger still.....is Dave would tell him it is ok to spend the 35 on the car if the car was a used car that would be 45k brand new.
i knew it was a civic... type R ... not worth it... it might hold some value, but its not holding that good... that car is not going to be practical in 5 years when kids are in the picture... buy a 2 year old one... a 4 door type r is not going to feel that sexy in about 6 months... especially after winter hits...
$35k for a Honda car ? Yeah no thanks.... Better off with a used TLX or Lexus IS350
This is not just a Honda. It’s a Type R Honda...there’s a difference.
Amanda Dean, I know the difference.... I used to drive an acura Integra(1998)... Basically the birth of the type R brand....
i'll buy a brand new 35k rather than 32k used one
I think not buying new for the sake of not buying even if it fits your budget is stupid on Dave's part.
Answer : Buy $2000 Toyota Corolla and eat beans
Update : I’m wrong :((((((
Several years ago I spent a pretty big chunk on a '60s muscle car. I have no regrets. :)
I have been "Lusting" after a challenger for years lol
Bro get a car that’s a little bit less if it will make you feel better!
Ramsey doesn’t know too much about the type R cause those cars retain a lot of value over years!
Yep
Is he supposed to know every car ever made ?
Crystal Studios no, but in previous videos he said he knew a lot about different cars. Also everyone that loves cars, know about the type R
A 1-year-old type r is more expensive then a brand new msrp one.
Honda Civic Type R Yesss !! Lol I want the same thing but I am definitely not near his finances
Same. But my rsx type-s will do for now ☺️