Reply to talk me out of buying

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[quote=Anonymous]1. If DH is considering RR or Lexus, those are polar opposites in terms of reliability. RR are terribly built and have a reputation for costing an actual fortune to keep running after the first few years of ownership. Have him watch this video from a car reviewer who had his range rover repaired so many times that the company he bought the extended warranty from stopped selling warranties on RR vehicles: https://www.youtube.com/watch?v=E3jA55TJboA -- get the Lexus.

2. Mercedes makes SUVs that look great, exceptional interiors and are incredibly fun to drive, but my god are they going to cost a fortune to repair. Please don't be seduced by the seemingly low cost of a used one, and not only that...if you own a used one you'd better be ready to deal with the cost and inconvenience of having it sit in the shop more often than a normal vehicle.

3. I'm of the mindset that to afford a luxury car you should be able to pay cash for it without it significantly affecting your net worth, and without depleting savings. Doesn't mean you have to pay cash if there is an attractive financing offer, but you should have the ability to. You're clearly thinking this through and asked us to talk you out of this, so reflect on that statement you made, "the idea of having TWO high car payments just makes my stomach turn...[b]we can afford the payments[/b]..." Thinking about it as "we can afford the payments" is why most middle-class people are swimming in debt. It takes some restraint, but life is so much less stressful if you think about it as can we afford to buy this thing.

If I were in your shoes I would:
--Seriously consider how much of a priority having two luxury cars is in your life. Are you car fanatics and thus care a lot about this? If so, that's okay. It's not wrong to spend more on something if you're willing to spend less in another category. But make it a conscious decision and know that prioritizing this means de-prioritizing other wants in your life. One range rover repair = 4 international flights to France (in the future, I suppose).
--Don't make a snap decision to take on one or two luxury cars in a pandemic. Pay off your other car and then start making payments to a savings account you can use to buy the car you want. Also, COVID messed up the used car market and demand is much higher than supply right now, so used car prices are rising. Not a great time to buy a used car if you can wait it out until next year.
--When the time is right, get a gently used Lexus and pay cash. That is the perfect sweet spot for the frugal-ish person who makes a decent but not lavish income and wants a pretty good (not cutting edge) luxury car that won't cost an arm and a leg to maintain.[/quote]

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