I'm thinking of buying a cars, and I though I start here.
I'm 20 years old (male) with $30,000 budget (or less), and I would appreciate if some of you can recommend some cars.
I'm looking for luxury/sporty car - more on luxury side. I am thinking of buying a new car, but i can look into older model. The car can be sudden or coup (front wheel).
I initially had thought of buying Genesis coup v4 fully loaded, what do you guys suggest?
I want to avoid Honda, Toyota, and GM since they are more common in New England.
I would buy the absolute cheapest beater you can stand. Just because you can afford a $30,000 car (or the ridiculous monthly payments and note-length interest on such a vehicle) doesn't mean you should spend your full means.
You want front wheel drive, so the BMW's are out.
You want a sedan or coupe, so trucks and convertibles and wagons are out.
You want something luxurious and sporty, so typical GM/Ford/Chrysler/Honda/Toyota cars are out.
Buying any new car hits you with instant depreciation. Even a one year old car with less than 15,000 miles on it will cost significantly less than a new one.
Buying premium makes and models sucks you into high costs for service and maintenance. Dealers will run you around and boutique mechanic shops will drain your wallet.
I would look for something common, yet uncommon. Something Japanese, but premium Japanese. Acura, Lexus, Infiniti. An Acura CL coupe would be my first choice (of course it would, I worked at East Liberty when the CL came out in 1997) but they were only made through 2003. But you're willing to take a sedan and this is where a REALLY nice car stands out in the Acura line. The 2004-2008 Acura TL sedan.
A fully loaded 2004-2006 TL with leather, Navigation, premium sound, nice wheels, and more will be $20K or less and if you're willing to take one with more miles you can have it for well under $15K. There are 470 TL's within 300 miles of Boston that are under $20K. Here's one in particular that caught my eye because I love the color: Nighthawk Black Pearl...
Check out the Hyundai Elantra Touring. It is a wagon/hatchback style, the most practical design for a car (two Catrike "Road" recumbent trikes will fit in one, with the hatch closed). I'm getting 28MPG in mixed driving. Heated seats are an available (inexpensive) option, something I'm sure you'll appreciate in New England. It is well-equipped, but is in the $18K-$20K range. It has XM radio, and a USB port for MP3.
Electronic Stability Control, ABS, side air-bags, passenger switchable air-bag, and tire pressure sensors are among the standard features.
Deadhaven, you're killing me. ES350 starts at $35K new. And skads of identical three-year-old 2007 ES350's I found on AutoTrader are in the $18K-19K range. Half the price.
Let me repeat: DEPRECIATION
It's not a pretty sight, is it? I don't care what brand you buy. You can't avoid it. Even Ferraris and Bentleys have it. Want to avoid depreciation? Buy the car with 200,000 miles on it at ten years of age. It doesn't drop any further than that. You can put another 200,000 miles on it, it's still worth the same money at 400K. You just have to explain to people it never was a taxi.
Unless you are a Chicago cab driver. Then you buy 3-year old NYC taxis with 200K on them for $3000 each, run them another two years and 200K, then sell them for $2000. 2006 model Crown Vics with tachometers and long wheelbase bodies and black interiors will all be off-stand in Chicago in about a year. I'll be flying up and driving a semi-rust-free one back to Texas to serve as a family hauler for the next decade.