Buying/Leasing a Car and other questions

[DigDug]

Now that I have a decent job, I want to start making moves to purchase a nice car. I was thinking along the lines of a luxury sedan, or a sporty version:

1. Bmw 3 series
2. Corvette convertible

I know NOTHING about car purchases. What should I look out for? Are the above cars generally considered worthy purchases? Is leasing a smart option, or pouring money down the drain? What would be the total yearly cost of owning one of those (maintenance, average insurance, etc).

 

[gigapet]

bump cuz i wanna know too

 

[woowoo]

Leasing is a way to get more car than you can afford.
Buying a one to two year old car is a good financial move.
You need to go to edmunds and start reading

 

[acemcmac]

Originally posted by: woowoo
Leasing is a way to get more car than you can afford.
Buying a one to two year old car is a good financial move.
You need to go to edmunds and start reading

well put.

remember, a car is NOT an investment, anything more complicated than a base compact with crank windows and a tape player is a luxury.

 

[RossMAN]

Budget?

 

[neovan]

hire a CPA with your bonus.

 

[gluck]

Lease anything thats above 35K ain't a BMW3 or Infinity G35.