RamziD;4333886 said:
I've realized that a car is the worst investment you can make. It never appreciates in value. I bought a BMW this year, but I'm going to trade it in now. I got no added enjoyment from driving a "luxury" car, so I think I'll save $100 per month and buy something like a Honda Accord or Hyundai Sonata.
You don't buy a luxury car, you lease them. You also do not lease non-luxury cars, you buy them.
Leasing a non-luxury car, you are seriously screwing yourself value wise. Buying a luxury car and you are doing the same. (I'm talking about new cars here, not used) Luxury cars aren't quite as luxurious when they are 5+ years old as newer luxury cars. You pay double the price to drive an older luxury car 3+ years from now.
My monthly lease payment on my wife's 2011 Mercedes C300 4Matic with the panoramic roof. $448 / month for three years. I didn't pay anything down and no security deposit. The trick to getting awesome deals like that is waiting until the dealerships put on big sales and having really good credit. Combine those two things and you can get luxury cars for less than some non-luxury cars.
Non-Luxury cars = value buys
Luxury cars = value lease. (with great credit and dealerships sale)
btw, I waited a month for my first Mercedes. (2006 CLK350) It was literally still on a boat on the Atlantic when I bought it. I had to wait about two weeks for the C300. When we bought it, it was still in US Customs in Baltimore. Some of the best deals are on cars the dealership doesn't have on the lot.