Am I the only one noticing this?

  • Posted by a hidden member.
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    May 03, 2012 8:17 PM GMT
    Okay so for the past three years I have noticed that a lot of adults in their 20s are getting luxury cars. Like the most popular seems to be the 3series coupe. I remember there was a forum on here the other day where people were posting their cars and most of the people who posted the luxury cars were people in their 20s.

    Also on the streets I have noticed a lot of people driving these cars (20 year olds of course) and I have noticed the amount of young adults driving these cars has increased over the few years. It seems a bit confusing to me considering we just got out of an economic downturn and on top of that usually people in their mid / late 20s are making 40-45k a year and that is pretty low to be getting a luxury and probably mean they are paying a big bulk of their income on them or their parents' are contributing quite a bit, but the average family makes around 60k per year (I believe).

    This kind of concerns me because I know we are young and want to have fun, but is also smart to plan ahead for the future (financially- life / health insurance, savings, building credit, etc).

    What do you guys think of this?
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    May 03, 2012 8:19 PM GMT
    [quote] usually people in their mid / late 20s are making 40-45k a year
    [/quote]

    That was the average reported income ^
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    May 03, 2012 8:20 PM GMT
    flguy18 saidWhat do you guys think of this?
    I think it's time to find me a rich, hot, sexy, sugarboy stud to buy me one. icon_cool.gif
  • Import

    Posts: 7185

    May 03, 2012 8:21 PM GMT
    flguy18 saidOkay so for the past three years I have noticed that a lot of adults in their 20s are getting luxury cars. Like the most popular seems to be the 3series coupe. I remember there was a forum on here the other day where people were posting their cars and most of the people who posted the luxury cars were people in their 20s.

    Also on the streets I have noticed a lot of people driving these cars (20 year olds of course) and I have noticed the amount of young adults driving these cars has increased over the few years. It seems a bit confusing to me considering we just got out of an economic downturn and on top of that usually people in their mid / late 20s are making 40-45k a year and that is pretty low to be getting a luxury and probably mean they are paying a big bulk of their income on them or their parents' are contributing quite a bit, but the average family makes around 60k per year (I believe).

    This kind of concerns me because I know we are young and want to have fun, but is also smart to plan ahead for the future (financially- life / health insurance, savings, building credit, etc).

    What do you guys think of this?


    perhaps u living in Boca Raton has something to do with this?
  • Posted by a hidden member.
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    May 03, 2012 8:22 PM GMT
    ^ Well not only that, across Florida I have noticed that (not just in Boca) and on the forum I saw the other day on this website. icon_eek.gif
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    May 03, 2012 8:23 PM GMT
    Same trend that has younger people insisting that their starter home have a bath for every bedroom, hardwood floors, granite countertops and full landscaping. Expectations have clearly ratcheted up over the past decade or two.
  • Import

    Posts: 7185

    May 03, 2012 8:26 PM GMT
    showme saidSame trend that has younger people insisting that their starter home have a bath for every bedroom, hardwood floors, granite countertops and full landscaping. Expectations have clearly ratcheted up over the past decade or two.


    U forgot the stainless steal package... icon_lol.gif

    anyway, I went to school at FAU in Boca and like 80% of the kids there drove mercredes, beamers, Lexus, etc.

    I drove a Lexus, but it was 3 years old, as my dad had purchased a new car when I was 18 and gave me his. (I was lucky I guess) I never even asked for it, he just told me that he's getting himself a new car and I'll take over his. ..

  • Posted by a hidden member.
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    May 03, 2012 8:29 PM GMT
    Import said
    showme saidSame trend that has younger people insisting that their starter home have a bath for every bedroom, hardwood floors, granite countertops and full landscaping. Expectations have clearly ratcheted up over the past decade or two.


    U forgot the stainless steal package... icon_lol.gif

    anyway, I went to school at FAU in Boca and like 80% of the kids there drove mercredes, beamers, Lexus, etc.

    I drove a Lexus, but it was 3 years old, as my dad had purchased a new car when I was 18 and gave me his. (I was lucky I guess) I never even asked for it, he just told me that he's getting himself a new car and I'll take over his. ..



    Oh yea I have noticed that with the FAU students. Damn that place has turned into its own city over the past few years and it causes too many traffic jams! icon_twisted.gif.
  • conservativej...

    Posts: 2465

    May 03, 2012 9:53 PM GMT
    Merit in the hard core technical degress allows many twenty-somethings to earn $90K and up. There are over forty people between the ages of 25 and 32 in my engineering office earning over $120k.

    People with advanced degrees in engineering and computer science tend to attract husbands/wives with similar degrees. These are the folks of course El Presidente wants to tax hell out of. icon_lol.gif

    Those BMW drivers also vote of course.
  • Posted by a hidden member.
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    May 03, 2012 9:55 PM GMT
    Come visit North Florida... we hillbillies in our 90s era Jeep Cherokees will quickly disabuse you of this impression.
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    May 03, 2012 9:59 PM GMT
    Money is still pretty cheap. I bet a lot of those guys have debt.
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    May 03, 2012 10:02 PM GMT
    mizzouguy10 saidAge has little to do with income really.

    Location probably has a bigger impact on who drives what.

    True. I go to Walmart and can't find my red Ford pickup in the sea of red Ford pickups.
  • Posted by a hidden member.
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    May 03, 2012 10:03 PM GMT
    Import said

    I drove a Lexus, but it was 3 years old, as my dad had purchased a new car when I was 18 and gave me his. (I was lucky I guess) I never even asked for it, he just told me that he's getting himself a new car and I'll take over his. ..



    Ooh, so jelly. When I was in high school I drove a rusted-out 20 year old pickup with over 100K miles on it. When that fell apart I bought my grandmother's 15-year old Chevy for $500, spray painted it metallic green and installed a bitchin' cassette tape deck.
  • Posted by a hidden member.
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    May 03, 2012 10:04 PM GMT
    No, I haven't noticed this.
  • Posted by a hidden member.
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    May 03, 2012 10:05 PM GMT
    ^^^Mine's easier to find in the parking lot now that the door is banged in - after a car backed into me in a parking lot a few weeks ago....


  • MCVA

    Posts: 69

    May 03, 2012 10:07 PM GMT
    the automotive industry is capitalizing on our hyper materialistic American ideology in order to improve profits. A lot of higher end car manufacturers have started to produce less expensive models to be made available to younger consumer populations.

    That might have something to do with it.
  • Posted by a hidden member.
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    May 03, 2012 10:10 PM GMT
    I think your eyes are probably drawn to the luxury cars, but if you look around you'll notice that most are actually in something more along the lines of a Honda Civic or Ford Focus.
  • funkymonkey

    Posts: 194

    May 03, 2012 10:12 PM GMT
    younger people tend to be into sporty cars, and tend to spend a lot of their money on them, there is nothing wrong with this, people will become more restrained as they get older.
  • Posted by a hidden member.
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    May 03, 2012 10:16 PM GMT
    the truth of the 3 series is slightly less rosy than most people realize. The 3 is BMW's bread and butter. It accounts for roughly 30% of their total sales. But what most people fail to realize is that the vast majority of the 3 series sold are so-called "base models". These are low-optioned, vinyl-seated, (until recently) halogen-headlit variants that are purchased solely for the Roundel on the hood. Its the same as building a big house that's beautiful on the outside but skimping on the quality on the interior. for almost $2k less you can get an "entry" level Infiniti G coupe with a vast quantity of standard features that are optional or unavailable on the base 3 series. Now that BMW has introduced the 1 series to the North American market I'm seeing/anticipating they will move the 3 series slightly upmarket and allow its flat-faced, diminutive cousin to take over as the "entry-level bimmer". Even so...vinyl seats are still standard on every (3-series) model.
  • Posted by a hidden member.
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    May 03, 2012 10:17 PM GMT
    But if you asked them do they own it or are they just renting it (aka leasing) you'll probably find most are renting.
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    May 03, 2012 10:20 PM GMT
    beneful1 saidBut if you asked them do they own it or are they just renting it (aka leasing) you'll probably find most are renting.


    correct! By comparison, i OWN my MX-5 and therefore am free to make whatever modifications i want (including dropping in a 6.2l LS3 Vicon_cool.gif
  • Posted by a hidden member.
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    May 03, 2012 10:23 PM GMT
    Yup, I think it's a good thing kids are ambitious and doing well early on in their lives.... For the guys who have worked hard for what they have that is.......

    Anyway yes it is materialistic...... But why not if work hard and can afford it

  • Posted by a hidden member.
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    May 03, 2012 10:43 PM GMT
    Go to the luxury cars' websites and you'll see the lease deals that they all offer, on their entire model range. You can lease a $50k BMW 3Series for the same monthly payment that I paid monthly for my Acura Integra back in 1994. Granted, that was a purchase, but it was only a $18k car back then. And the lease payments, and down payments, aren't much more for BMW's 5Series. The same applies to Mercedes, Lexus, Infiniti, and Audi has just recently started offering good lease rates.

    Leases have always made luxury cars more attainable for people, but it's really almost out of hand these days. Back in 2005, I was considering leasing a BMW or MB, but there wasn't really a decent deal to be had. Or at least one that I was willing to pay. Now, the same leases that I was looking at back in 2005 are anywhere from $200 to $400 cheaper per month today.
  • Posted by a hidden member.
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    May 03, 2012 10:58 PM GMT
    Yea I, very much aware of the leasing and buying for luxury cars because my family has been buying them for nearly 15 years. Plus I always go to the dealership with my parents so I am very much accustomed to how owning a luxury car really is. But even with a basic 3 series it will be at least $300 a month. Try to look for the car forum on this site, there was one where people were posting their cars and I believe most of the people who posted luxury cars were in their 20s and I highly doubt all these people are engineers. And with leasing you aren't allowed to modify anything because the car is still owned by the dealership. However, it is best not to modify a car that you bought if you are considering reselling it.

    I'm not saying that everyone are driving lux cars nowadays I'm just saying I have noticed more luxury cars in the younger generation than I have in the past and this is a bit concerning to me. I have friends who don't value money and will spend it on materialistic things. I was raised to not lavish money, but save instead. I've had a job since I was 14 so I know the value of a dollar unlike others I know.
  • Posted by a hidden member.
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    May 04, 2012 1:59 AM GMT
    Leasing a luxury car is incredibly easy and relatively cheap these days. Here's a lease for a BMW 328 coupe..

    $419*/month for 36 months. $1,000 Option Allowance available.

    • $419 First months payment
    • $2,500 Down payment
    • $0 Security Deposit
    • $725 Acquisition fee
    • $3,644 Cash due at signing

    So all they really need about $4K to start and mommy/daddy as a co-signer. But all that glitters isn't gold. Most of those young adults you see driving nice cars are living in shitty low rent apartments and living paycheck to paycheck. Some people like to live for the moment and not really give too much thought about the future. icon_neutral.gif