Advice on luxury Car Purchase Choices

[Scott102]

Hi all. I'm a 24 year old who really loves cars . I really want to at some point in the next 4-12 months consider making a move on a new car . It would be my first own new car purchase if so.

Ideally I would like to go for something sporty but more reliable . With that in mind I have already crossed out any German brands since we all know their long term costs are horrendous .

I have narrowed it down to the genesis g70 2.0t , the Acura TLX a spec and the best option to me the Lexus is 350 .

In terms of financials I currently make 65k pre tax , have no debt whatsoever , live at home still so rent free . Have 25k currently saved in bank outside of my regular 401k investments etc. I had a variety of questions:

1. How much do you think I would need to save to comfortably finance one of these in 6-12 months ? I'm building my credit up for the first time to be able to finance and get a good rate .

2. What would be the best time specifically in regards to the Lexus to buy ? I know right now there is the chip shortage still occurring so dealers are overcharging for the vehicles they have.

3. If I do finance , what would be the most beneficial Apr rate and loan length to look for ?

4. Is there any other extremely reliable good luxury / performance options that anyone could suggest in the same or cheaper price range ?

5. What would be a good invoice price to negotiate with dealers for any of these cars brand new ?

Thanks for any tips in advance

 

[Mr Vlad]

Hi Scott. I take it you're not in the UK as your narrowed down car list is none UK availability new.

is350 all the way is my recommendation. Good luck in your search.

[Arnett]

Hey Scott,

 

Please to see you here. 

As Vlad has stated are you a uk resident or elsewhere ? Am happy to answer loads and give huge input based upon that.