Should I buy a '15 LTZ?

[gat0r]

although the 2nd one is color & rims you want, its almost out of warranty. so keep that in mind


as others have said drive the snot out of it. side roads & highway
check the forum here, there is a list of things to look out for.


i have a '15 burb & love it. its been good for me, just a couple of little things so far.

 

[clogan2]

Start by first fully funding your Roth IRA. Then buy your wheels, but avoid (or minimize) any debt to do it. If you fully fund your Roth starting at 19, you can be a multi millionaire when you retire...and it's tax-free!

 

[Smrtss1]

Price is a little high for the mileage isn’t it and do you really need a Suburban or XL? Standard length Tahoe or Yukon will be cheaper. Granted your situation is a great one to be in with the money you’re making but honestly if I could’ve done one thing different in my life it would’ve been to not dump a lot of money on cars when I was younger. I was in the same boat as you. Full-time job making a lot of money, part time job making a lot of money and detailing cars making a lot of money and I blew it on cars and car parts. Also spent too much money chasing after my next ex girlfriend but that’s another story.
I’d stay away from a ‘15 anything just due to the litany of problems they had being first model year. I was shopping for a ‘15 or newer but ended up with a ‘12 Escalade Premium and couldn’t be happier. As mentioned before keep saving and put more money down either on the EXACT vehicle you want or the one you want without the wheels, those can be gotten later and you’ll probably need tires anyway.


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[Protect1989]

I’m torn on this one. I’m a firm believer of get what you love and enjoy it. You’ll always regret the things you didn’t do and it sounds like you’re doing pretty well financially. So here would be my .02:

1) why the suburban? Get the Tahoe or Yukon. Owning a house doesn’t mean that you need the extra space of the suburban. The shorter wheelbase will serve you far better for your day to day living. Aesthetically it’s identical to the suburban, just shorter.

2) What are you currently saving? I don’t need an actual answer I’m just saying it to consider everything. I completely agree with the user who talked about the Roth IRA. Start saving now and let that money grow over the years. You’ll be real happy you did in the long run.

3) Take a few minutes and write out all your monthly expenses. Netflix, insurance, food, toys, etc. it’s eye opening to see how much actual take home money you make and subtracting living expenses. If anything it just helps for a more knowledgeable decision.



At the end of the day, it’s your call and your money. If you can purchase it and it won’t adversely affect your day to day life monetarily then go for it. Get whatever you love to drive and don’t look back.

 

[Tugglespa]

I’m torn on this one. I’m a firm believer of get what you love and enjoy it. You’ll always regret the things you didn’t do and it sounds like you’re doing pretty well financially. So here would be my .02:

1) why the suburban? Get the Tahoe or Yukon. Owning a house doesn’t mean that you need the extra space of the suburban. The shorter wheelbase will serve you far better for your day to day living. Aesthetically it’s identical to the suburban, just shorter.

2) What are you currently saving? I don’t need an actual answer I’m just saying it to consider everything. I completely agree with the user who talked about the Roth IRA. Start saving now and let that money grow over the years. You’ll be real happy you did in the long run.

3) Take a few minutes and write out all your monthly expenses. Netflix, insurance, food, toys, etc. it’s eye opening to see how much actual take home money you make and subtracting living expenses. If anything it just helps for a more knowledgeable decision.



At the end of the day, it’s your call and your money. If you can purchase it and it won’t adversely affect your day to day life monetarily then go for it. Get whatever you love to drive and don’t look back.

My expenses are insurance $210. Gas. Netflix $14. Other than that I eat out a couple times a month but that's it

 

[Kelzo]

Why a suburban over a regular Tahoe? Doubt you'd need the extra space.

If it is what you want, go for it!

 

[Tugglespa]

Why a suburban over a regular Tahoe? Doubt you'd need the extra space.

If it is what you want, go for it!

I personally don't like the Tahoe or regular wheel base versions.

 

[cardude2000]

No.

Spend it on college textbooks.

Full stop.


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[Protect1989]

So if I understand correctly, you are bringing around 6k/month after taxes and your monthly expenses come out to around $250?

If that’s the case then absolutely get it. You’re doing incredibly well for your age. You could extremely easily put a good amount of way for retirement while also affording the vehicle that you want. Hell with that sort of financial breakdown you can probably afford a new one instead of used.

 

[sickk23]

^^Haha that’s what I thought too

 

[Tugglespa]

So if I understand correctly, you are bringing around 6k/month after taxes and your monthly expenses come out to around $250?

If that’s the case then absolutely get it. You’re doing incredibly well for your age. You could extremely easily put a good amount of way for retirement while also affording the vehicle that you want. Hell with that sort of financial breakdown you can probably afford a new one instead of used.

I've just heard that buying new is bad because of depreciation and stuff. In 3 months we get a raise of $5 extra an hour. I would buy new because I know it would have no problems. But I just hear it's not a good idea

 

[Tugglespa]

No.

Spend it on college textbooks.

Full stop.


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All paid for

 

[clogan2]

I've just heard that buying new is bad because of depreciation and stuff. In 3 months we get a raise of $5 extra an hour. I would buy new because I know it would have no problems. But I just hear it's not a good idea

Smart: buying used...especially if there's warranty remaining, say at 30,000 miles or so. You can save approx $1/mile, compared to new.

But fully fund that Roth first!!!

 

[Tahoe14]

You could always buy the one that you are looking at and put a gmepp full coverage warranty on it and then you are covered for many years and miles. Your money, your life, if you like it then buy it. Unfortunately when you come to a forum and ask for advice you get a lot of different opinions and, you did. Good luck with your decision.

 

[sickk23]

I would be mortified to buy one of these used, but somebody has to lol

Joking aside, I’ve been burned by too many low mileage “good” used vehicles. Now I just shop hard and travel far if I must which is almost always for something new. Where I live they mark these stupid things up, “adjusted market retail value” is what the sticker says.

But yeah I think buying new is bad if you’re a sucker. 9/10, the people that say it’s bad are suckers. They are the ones that either can’t even afford a new car or they don’t know how to shop for a new car.

 

[cardude2000]

All paid for

Welp, if your parents are buying you land, a house and paying for college plus room and board then my suggestion is to get them to buy your ride too. Cmon man!!

 

[RED TAHOE LS]

Patrick, nothing I say will not make you happy, do like a lot of generations have done before you, start slow before you jump into 40k worth of debt for any vehicle @ 19 yrs old , JMHO and good luck to you.
David g......

 

[Kelzo]

My 2 cents on the matter:
Invest the money elsewhere. Start looking at rental properties etc, start accumulating investments and wealth. By the time you are 23 or so you could have 10 properties under your belt. Have them all paid off by time you are 35. $10-15k of passive income by time you're 35 would be nice right?

Totally not what you want to hear, and I remember being 19 and spending loads on cars....Wish I had of put that money elsewhere looking back.

HOWEVER........YOLO
If you can get a decent used one, at this rate and monthly expense you won't barely notice it. Definitely worth travelling for to get a great deal.

 

[Miami-Dade]

Joking aside, I’ve been burned by too many low mileage “good” used vehicles..

I generally find low mileage vehicles are the worse vehicles to buy..Most people think since they only drive locally and barely go more then a few miles a day [if that] they never have to service it.

 

[Batterycap]

Financially - no way. Have you seen how cheap older Suburbans are. I just made a 2001 Suburban road worthy for $11,000, and that includes the cost of the Suburban. If you took the money not spent today on a newer Suburban, and socked it away at 19, retirement is done. Hey, take it from a guy that made the same mistakes you are about to make. This ain't wisdom talking, it's scar tissue. Everybody can get a loan and cripple themselves with a payment. Not everyone can make old new and roadworthy.