Author Topic: How do professionals in careers that need a nice car handle it?  (Read 23639 times)

CopperTex

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How do professionals in careers that need a nice car handle it?
« on: February 06, 2016, 09:35:25 AM »
Lawyers? Real estate agents maybe? Who hear has a career that they feel like appearances of their car matters and how do they handle it in a mustachian way?

Thinkum

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Re: How do professionals in careers that need a nice car handle it?
« Reply #1 on: February 06, 2016, 09:40:16 AM »
There was a young fellow mustachian that was at a local meetup who had this issue. He bought a nice older Lexus for something like $7K. He got a deal on it, but still, it solves the problem quite nicely. Buy an older, well maintained car that has timeless panache. Lexus would be a good call since they are glorified Toyotas and the parts are cheap. Reliable too.

matchewed

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Re: How do professionals in careers that need a nice car handle it?
« Reply #2 on: February 06, 2016, 09:41:44 AM »
I also think that you overestimate how much someone may care about your car.

Keep it clean and looking "ok" is probably what matters most.

enb123

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How do professionals in careers that need a nice car handle it?
« Reply #3 on: February 06, 2016, 10:03:27 AM »
American luxury cars depreciate very quickly. I know this is NOT Mustachian, but I bought a 2009 Cadillac CTS last year with 24K miles for $18K. New it would have been in the $40K range and the 2015 models were in the $50K-$70K range.


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Goldielocks

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Re: How do professionals in careers that need a nice car handle it?
« Reply #4 on: February 06, 2016, 10:11:54 AM »
The best solution for professionals that need an image car:

Have your own professional services business, (maybe on the side), and lease a car, and ONLY use it for work, and charge all the costs to the business expense.  If you need it for work, work better pay for it.

Alternative -- if you work downtown for an employer, you can get a ZIP CAR type rental that has mercedes or BMW for the occasional day.  SFO, DALLAS and NY type places have sedan car hires with a driver, which really helps your billing rate per hour. 


I can't think of any employer that insists on a fancy car for regular use, that does not provide it.  Most professionals/ advisors / realtors that need it have their own business income.   High end accountants and lawyers employed at mega firms have the clients come to them, or would hire a sedan service.

singh02

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Re: How do professionals in careers that need a nice car handle it?
« Reply #5 on: February 06, 2016, 10:16:22 AM »
In the radical personal finance podcast, he mentioned to just get a used SUV.

HPstache

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Re: How do professionals in careers that need a nice car handle it?
« Reply #6 on: February 06, 2016, 10:19:13 AM »
Save up for a 3 or 4 year old fancy car and pay in cash.

TheBeardedIrishman

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Re: How do professionals in careers that need a nice car handle it?
« Reply #7 on: February 06, 2016, 02:09:39 PM »
In my experience in the auto business most of my clients who are in need of a presentable car often lease as they get a car expense paid for by their company and if they do not get a car allowance they usually write it off on their taxes as a business expense... I had a very successful financial advisor purchase a vehicle who drove a 1995 Dodge Ram with rust holes and body beat to hell before trading in for a new truck. He said he enjoyed driving the truck to clients homes showing them he was just like them, ordinary guy trying to make a living I guess it made him more relatable....I am a little torn between the topic as being a professional I believe you should dress/drive the part to an extent ( I am by no means saying driving a brand new car).

Is driving an old beater going to cost you a sale or prospect? Even if you have a reputation as a successful professional in your field? Hey wait until you meet this Mr. Jones he is the best lawyer in town and then he pulls up in a POS? Where do you draw the line?

Altons Bobs

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Re: How do professionals in careers that need a nice car handle it?
« Reply #8 on: February 06, 2016, 02:17:40 PM »
I don't understand why you believe professionals need nice cars to present themselves well.  Do they do business with their clients in their cars?  Most of my clients don't see my car at all.  I drive to their office, I go see them, my car is left at the parking lot.  One did ask me what I drove, I told him Honda, and he said he felt more comfortable with me driving a Honda then driving a Lexus, he said I was more trust worthy than someone driving a Lexus trying to show off. 

TheBeardedIrishman

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Re: How do professionals in careers that need a nice car handle it?
« Reply #9 on: February 06, 2016, 02:38:15 PM »
I don't understand why you believe professionals need nice cars to present themselves well.  Do they do business with their clients in their cars?  Most of my clients don't see my car at all.  I drive to their office, I go see them, my car is left at the parking lot.  One did ask me what I drove, I told him Honda, and he said he felt more comfortable with me driving a Honda then driving a Lexus, he said I was more trust worthy than someone driving a Lexus trying to show off. 

I didn't say believe they need nice cars to present themselves well...they need something presentable(something that doesn't have a tape job to fix the bumper or rust everywhere) And yes a number of professional do host prospects in their vehicle taking them to  meeting, conference, lunch, golf course, etc.

I totally agree with the fact of driving the Honda instead of showing off driving a Lexus.

Paul der Krake

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Re: How do professionals in careers that need a nice car handle it?
« Reply #10 on: February 06, 2016, 02:41:53 PM »
I'd buy an old luxury/classic car in mint condition and try to project an image somewhere between waspy old money and Don Draper.

And obviously treat it as a business expense.

BlueHouse

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Re: How do professionals in careers that need a nice car handle it?
« Reply #11 on: February 06, 2016, 03:07:37 PM »
There was a young fellow mustachian that was at a local meetup who had this issue. He bought a nice older Lexus for something like $7K. He got a deal on it, but still, it solves the problem quite nicely. Buy an older, well maintained car that has timeless panache. Lexus would be a good call since they are glorified Toyotas and the parts are cheap. Reliable too.
This.
I have an Acura for the same reasons. 
I don't understand why you believe professionals need nice cars to present themselves well.  Do they do business with their clients in their cars?  Most of my clients don't see my car at all.  I drive to their office, I go see them, my car is left at the parking lot.  One did ask me what I drove, I told him Honda, and he said he felt more comfortable with me driving a Honda then driving a Lexus, he said I was more trust worthy than someone driving a Lexus trying to show off. 
In some businesses, it's important to convey the image of success.  Regardless of how we feel about cars suggesting success, in many cases, it does.   Before I bought my expensive fancy car (pre-Mustachian days), I interviewed and showed up to my first week of work in a fancy borrowed car.  There is absolutely no doubt that seeing that car increased the offer that my employer offered. 
And yes, I have picked up my boss at the airport, driven him to client sites with me, and I've also regularly transported CFOs in my car to meetings.  It's now 9 years later and I have the same car, even though I have a different job/client.   I keep it clean and people still comment on it when they see it in the parking lot. 
Sorry to say this, but image does matter sometimes. 

randymarsh

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Re: How do professionals in careers that need a nice car handle it?
« Reply #12 on: February 06, 2016, 09:02:29 PM »
I'd probably go with a "cheap" luxury car like a used Acura. A lot of non-luxury brand cars can be crazy nice too if you get one with an upgraded trim package.

tobitonic

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Re: How do professionals in careers that need a nice car handle it?
« Reply #13 on: February 06, 2016, 09:48:55 PM »
There was a young fellow mustachian that was at a local meetup who had this issue. He bought a nice older Lexus for something like $7K. He got a deal on it, but still, it solves the problem quite nicely. Buy an older, well maintained car that has timeless panache. Lexus would be a good call since they are glorified Toyotas and the parts are cheap. Reliable too.

This.

Bertram

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Re: How do professionals in careers that need a nice car handle it?
« Reply #14 on: February 07, 2016, 01:37:06 AM »
Lawyers? Real estate agents maybe? Who hear has a career that they feel like appearances of their car matters and how do they handle it in a mustachian way?

The same way they deal with shoes, suits and shirts?

Larabeth

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Re: How do professionals in careers that need a nice car handle it?
« Reply #15 on: February 07, 2016, 02:56:53 AM »
My fiancee bought a 2003 Acura and the thing is SHARP.  It doesn't look that old and runs beautifully.  He paid around $6000 for it and it looks expensive.  Very few people have any idea it isn't practically new.

Physicsteacher

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Re: How do professionals in careers that need a nice car handle it?
« Reply #16 on: February 07, 2016, 07:11:03 AM »
My aunt who moved from a big city to a small town and semi-retired at 50 was a partner in a major law firm. She wore Brooks Brothers suits and the like, but she also enjoyed joking with the partner whose parking space was next to hers that his Jaguar had better not ding her 20 year old Honda Civic wagon. I'm not sure any of the clients had any clue what she drove. Carefully consider which aspects of appearance are actually essential to your specific career.
« Last Edit: February 07, 2016, 10:16:51 AM by Physicsteacher »

steviesterno

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Re: How do professionals in careers that need a nice car handle it?
« Reply #17 on: February 07, 2016, 08:32:57 AM »
i don't worry about what my car says about my job, since it's how I get to and from work and what I use on the weekends. A lot of students and faculty here drive nicer cars, and I know many of them are in silly debt. One woman pulls up in a brand new mercedes, that she got a deal on because it was a test driver. whatever. I know she lives in a tiny apartment because she can't buy a house and eats only fast food because she can't cook, and can't do anything because she doesn't have the money.

We have students spending 120k to get an education (not a terrible investment) but driving 60k corvette. working full time on top of school, still can't make ends meet, and has no idea why. I see my 8 year old truck (bought at 5 years old, and has actually APPRECIATED in value since I bought it) as a way back and forth to the job. My performance at work has been consistently better than those that drive nicer cars. that always helps, too

Tabaxus

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Re: How do professionals in careers that need a nice car handle it?
« Reply #18 on: February 07, 2016, 08:52:02 AM »
I think the world of people for whom this matters is much, much narrower than people think.  I'm a biglaw lawyer and don't own a car at all, because why on earth would I own a car when public transit and my feet can get me anywhere I need to go (and parking said car would cost $250 a month at home, another $20 a day at work, etc...)  If I need a car for some kind of client visit in the suburbs (something that has never happened and I do not believe has ever happened to anyone else), I'll rent a decent one for that day. 

I can see it mattering for on-site sales and the like.

pbkmaine

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Re: How do professionals in careers that need a nice car handle it?
« Reply #19 on: February 07, 2016, 09:04:35 AM »
It does depend on the job. Most of my clients were not-for-profits, and I often heard them speak disparagingly of the fancy cars their consultants drove. On the other hand, they loved my bright yellow Ford Focus hatchback named Eggbert, and would ask after him by name: "How is Eggbert?" I miss Eggbert.

chesebert

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Re: How do professionals in careers that need a nice car handle it?
« Reply #20 on: February 07, 2016, 09:09:53 AM »
I think the world of people for whom this matters is much, much narrower than people think.  I'm a biglaw lawyer and don't own a car at all, because why on earth would I own a car when public transit and my feet can get me anywhere I need to go (and parking said car would cost $250 a month at home, another $20 a day at work, etc...)  If I need a car for some kind of client visit in the suburbs (something that has never happened and I do not believe has ever happened to anyone else), I'll rent a decent one for that day. 

I can see it mattering for on-site sales and the like.
Why would you drive yourself? Get a driver so you can bill in the car. This should apply to meetings in the city as well.

Tabaxus

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Re: How do professionals in careers that need a nice car handle it?
« Reply #21 on: February 07, 2016, 09:15:37 AM »
I think the world of people for whom this matters is much, much narrower than people think.  I'm a biglaw lawyer and don't own a car at all, because why on earth would I own a car when public transit and my feet can get me anywhere I need to go (and parking said car would cost $250 a month at home, another $20 a day at work, etc...)  If I need a car for some kind of client visit in the suburbs (something that has never happened and I do not believe has ever happened to anyone else), I'll rent a decent one for that day. 

I can see it mattering for on-site sales and the like.
Why would you drive yourself? Get a driver so you can bill in the car. This should apply to meetings in the city as well.

Ha.  I'm not in a biglaw field where there is quite the same level of billing pressure, and most of what I do requires there to be excel sheets and the like in front of me.  I know some people can work on that type of stuff in a car, but it would be a pretty bad leadin to the meeting if I threw up right before because of motion sickness;)

Uturn

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Re: How do professionals in careers that need a nice car handle it?
« Reply #22 on: February 07, 2016, 09:31:49 AM »
I carry clients to lunch about twice a week.  I have a two year old base model Altima.  You can pick them up for around $10k.  It averages 35 mpg and can comfortably sit 4 adults.  I keep in clean and waxed.  I even had a client a couple of weeks ago ask if it was new.  My business partner likes more flashy cars.  He buys 5 year old luxury cars, then drives them for 7-10 years.  His latest is a 2011 Jaguar XF that he picked up for about $20k. 

CATman

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Re: How do professionals in careers that need a nice car handle it?
« Reply #23 on: February 07, 2016, 10:06:07 AM »
The only people I see this really applying to are people in finance (usually the sales side). I have a friend who sells mutual fund to brokers and  this is an issue that comes up sometimes. The situation is they think in the exact opposite way anyone here would think. They see a car as a first impression when they go to make a sale. They figure if they roll up in a luxury vehicle then it gives off an image of success, which to the people they are selling to, it very well may. The second issue is that in the financial field everyone has an ego, especially when it comes to sales. Having the more expensive car is a way of winning a few precious ego points and that's what they thrive off of.

I'm sure they're exceptions, but in that world things are very different than they are here. Those guys (and I'm sure some gals) look at money like some people look at drugs. They're addicted and do anything they can get their next hit. Even if it's something as irrational as buying a ridiculous car so they can "improve their image"

I also see this commonly when I come across contractors with giant jacked up F-350's slathered in giant decals for their roofing business. I can't for the life of me figure out why they think that's a good image builder, when in reality it's a walking advertisement for how poorly they handle their business funds.

Lexaholik

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Re: How do professionals in careers that need a nice car handle it?
« Reply #24 on: February 07, 2016, 10:37:07 AM »
My aunt who moved from a big city to a small town and semi-retired at 50 was a partner in a major law firm. She wore Brooks Brothers suits and the like, but she also enjoyed joking with the partner whose parking space was next to hers that his Jaguar had better not ding her 20 year old Honda Civic wagon. I'm not sure any of the clients had any clue what she drove. Carefully consider which aspects of appearance are actually essential to your specific career.

This. If you're in Biglaw or any law firm that services wealthy clients (individuals or corps) your image matters, although not in the way most people realize. For example you don't want to drive a super luxurious car--you want something classy and understated. The same goes for suits--conservative and dark is in, expensive and flashy is out. There are two reasons why this is the case: (1) you want to reflect the values of your client base. wealthy companies/people abhor conspicuous consumption and (2) you want to avoid looking "richer" than the client to avoid hurting their feelings or making them wonder if your lavish consumption is funded by overcharging clients.

(However this general principle doesn't hold if you service clients from a lower socioeconomic background. To them it's important to appear successful by displaying outward signs of wealth.)

Also keep in mind that a lot of attorneys justify lavish consumption on cars and clothes for marketing reasons, but it's just a really big rationalization. Usually the driving force behind it is the same driving force that led them to law school--they've designed their lives to impress other people.

Jack

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Re: How do professionals in careers that need a nice car handle it?
« Reply #25 on: February 07, 2016, 11:08:44 AM »
I'd buy an old luxury/classic car in mint condition and try to project an image somewhere between waspy old money and Don Draper.

Exactly. The Mercedes W123 or W124 is the perfect car for that situation: luxurious, built like a tank (and much cheaper to fix than newer Mercedes), available with a (relatively) frugal turbodiesel engine and sometimes even a manual transmission. What more could you want?

The key, of course, is it's gotta be mint -- it has to come across as "classic," not "old." Think like this.
« Last Edit: February 07, 2016, 11:12:11 AM by Jack »

Chris22

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Re: How do professionals in careers that need a nice car handle it?
« Reply #26 on: February 07, 2016, 11:27:43 AM »
I have an Acura for the same reasons.

One reason I like my Acura is that it never feels out of place.  You can drive through a wealthy area or go to a fancy restaurant/shopping area, and never feel like your car screams "outsider".  You can also go to "normal" places and not feel flashy or show-offy.  And the car comes with basically the same running costs as the average Honda Accord, plus low depreciation.  Mine's worth probably 50% of what I paid after 4.5 years and 75k miles.

Paul der Krake

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Re: How do professionals in careers that need a nice car handle it?
« Reply #27 on: February 07, 2016, 12:14:34 PM »
I'd buy an old luxury/classic car in mint condition and try to project an image somewhere between waspy old money and Don Draper.

Exactly. The Mercedes W123 or W124 is the perfect car for that situation: luxurious, built like a tank (and much cheaper to fix than newer Mercedes), available with a (relatively) frugal turbodiesel engine and sometimes even a manual transmission. What more could you want?

The key, of course, is it's gotta be mint -- it has to come across as "classic," not "old." Think like this.
Oh man. I'd throw away all my principles and buy a Disney timeshare on top of a Florida sinkhole from anyone who picks me up with that interior and upholstery.



Timeshare salesmen are probably driving leased Lexuses though.

Tabaxus

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Re: How do professionals in careers that need a nice car handle it?
« Reply #28 on: February 07, 2016, 12:18:36 PM »
I'd buy an old luxury/classic car in mint condition and try to project an image somewhere between waspy old money and Don Draper.

Exactly. The Mercedes W123 or W124 is the perfect car for that situation: luxurious, built like a tank (and much cheaper to fix than newer Mercedes), available with a (relatively) frugal turbodiesel engine and sometimes even a manual transmission. What more could you want?

The key, of course, is it's gotta be mint -- it has to come across as "classic," not "old." Think like this.
Oh man. I'd throw away all my principles and buy a Disney timeshare on top of a Florida sinkhole from anyone who picks me up with that interior and upholstery.



Timeshare salesmen are probably driving leased Lexuses though.

Ick.

Syonyk

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Re: How do professionals in careers that need a nice car handle it?
« Reply #29 on: February 07, 2016, 07:57:44 PM »
I'd buy an old luxury/classic car in mint condition and try to project an image somewhere between waspy old money and Don Draper.

Assuming you're actually in a position that needs a good looking vehicle and not one where you think you need a good looking car but really don't, there are a few good loopholes - the above being the biggest.

Drive a mid-90s BMW or Mercedes, and keep it immaculate.  Mechanically, exterior, interior.

You can go anywhere in one of those.  Just pretend to be a car guy/gal, and know enough to make it sound good.

coppertop

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Re: How do professionals in careers that need a nice car handle it?
« Reply #30 on: February 08, 2016, 07:47:04 AM »
(However this general principle doesn't hold if you service clients from a lower socioeconomic background. To them it's important to appear successful by displaying outward signs of wealth.)


I once worked for a plaintiff side medical malpractice firm that had extremely shady business behaviors.  The offices were lavish with marble floors and fireplaces, expensive Oriental rugs, etc.  They drove top-of-the-line cars.  Their client base was mostly drawn from people in the lower socioeconomic strata, and I guess these kinds of trappings impressed them.  However, having worked for them, I know that they charged their lunches to files every single day, even if they were eating just across the street, charged for every single fax and photocopy etc.. IOW, they nickel-and-dimed their clients, which reduced the size of the checks their clients received when they won their cases.  I lasted there about five months - and if I ever needed the services of an attorney who charged on a contingency fee basis, you can bet that I would ask a lot of questions about whether they were going to be charging for things like this.  (The law firm I work for now does not charge for regular mailings, faxes, phone calls and photocopies unless the number is excessive, which they determine on a case-by-case basis.)  I think it does indeed depend on your client base whether having the trappings of wealth impresses them or turns them off.  I would wonder if clients were being overcharged in order to allow these professionals to afford their Jaguars and their Mont Blanc pens.  Someone else might think, "Gee, these guys must be very successful to make so much money." 

Chris22

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Re: How do professionals in careers that need a nice car handle it?
« Reply #31 on: February 08, 2016, 07:58:56 AM »

Drive a mid-90s BMW or Mercedes, and keep it immaculate.  Mechanically, exterior, interior.

As a car guy, not a bad plan at all, however don't be surprised if that costs as much or more than keeping a late-model Japanese car on the road.  Old BMWs and MBs are generally robust, but lots of them have 1-2 "fatal flaws" that cost thousands upon thousands to right.  For instance, the 80s/90s MB E-Class, an otherwise rock-solid car, has an HVAC system that goes bad and a wiring harness that disintegrates.  Between those two, you could be in for $10k of repairs if you lack the skills to DIY (and almost everyone lacks the skills to DIY those, especially on a car they depend on to drive to work in the morning, these are not Saturday afternoon jobs).

mpg350

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Re: How do professionals in careers that need a nice car handle it?
« Reply #32 on: February 08, 2016, 08:07:31 AM »
If going for a nice luxury vehicle I would avoid BMW they are usually very unreliable.

Lexus is reliable and I would look for a used one that is 4-5 year old...you can get some models for well under 20k.


MayDay

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Re: How do professionals in careers that need a nice car handle it?
« Reply #33 on: February 08, 2016, 08:27:17 AM »
I knew a lady who was a lawyer at a Big Law firm in SF. 

Apparently if you worked at the "hippie tree hugger environmentalist" firm in SF, a Prius was an acceptable vehicle due to the mission (she felt she needed a luxury car at her firm).  But that was a few years ago- now I suppose you "need" a Tesla at that firm.

Jack

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Re: How do professionals in careers that need a nice car handle it?
« Reply #34 on: February 08, 2016, 08:30:32 AM »
If going for a nice luxury vehicle I would avoid BMW they are usually very unreliable.

It's worth emphasizing that if you go German, you should do research first and pick the least-complicated model (and trim level) you can find. I suspect an E30 3-series would be a lot less unreasonable to maintain than an E46, for example.

YK-Phil

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Re: How do professionals in careers that need a nice car handle it?
« Reply #35 on: February 08, 2016, 08:42:05 AM »
You can get a late 1990s Mercedes-Benz E320 WAGON 7-SEAT/AWD/Leather/Sunroof, perfect for that long road trip you're planning to do, for under $6K, or a 1998 Volvo V40 WAGON for even cheaper, both in great condition. The E320 is one of the 10 best vehicles recommended for extended overland travel. Or a late 1990s Mercedes-Benz SLK230 Kompressor Convertible can be found for around $8-9K. Just use it as little as possible in the city.

Chris22

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Re: How do professionals in careers that need a nice car handle it?
« Reply #36 on: February 08, 2016, 08:48:09 AM »
You can get a late 1990s Mercedes-Benz E320 WAGON 7-SEAT/AWD/Leather/Sunroof, perfect for that long road trip you're planning to do, for under $6K, or a 1998 Volvo V40 WAGON for even cheaper, both in great condition. The E320 is one of the 10 best vehicles recommended for extended overland travel. Or a late 1990s Mercedes-Benz SLK230 Kompressor Convertible can be found for around $8-9K. Just use it as little as possible in the city.

With 20y/o German cars the purchase price is simply a small downpayment on future repairs and maintenance.  In fact, the era you suggest, late 90s, is basically known as THE WORST for Mercedes cars.  MB really took a dive on quality around the Daimler-Chrysler years, late-90s until about 2005 or so.  I'd avoid any of their cars from this era. 

2buttons

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Re: How do professionals in careers that need a nice car handle it?
« Reply #37 on: February 08, 2016, 08:49:24 AM »
Yup, older car, well maintained, and well detailed. I have an 8 year old german car, that looks like it is brand new. 

I would start with finding the best honest mechanic you can find that is so clutch (pun intended).

Did you see the drive free cars post on the MMM site? Its amazing what people throw away and you can move up quickly in car with little cash.  Reminds me of the infamous craigslist barterers. 

mskyle

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Re: How do professionals in careers that need a nice car handle it?
« Reply #38 on: February 08, 2016, 09:01:14 AM »
Yeah, my dad (a sales guy) has bought many two-year-old Acuras and kept them for several years. He's not super-mustachian (he certainly has bought a new car or two over his lifetime... probably even a new luxury car once or twice), and doesn't understand why I drive an 8-year-old Yaris, but it's a pretty good compromise for someone in an image-conscious profession.

Fishindude

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Re: How do professionals in careers that need a nice car handle it?
« Reply #39 on: February 08, 2016, 09:10:05 AM »
Many of us take clients to lunch, pick up clients to show them properties and projects, etc., so a nice vehicle is important.
I've always driven late model pickup trucks.  Most importantly, you need to keep it washed and looking nice inside and out.
« Last Edit: February 08, 2016, 12:40:27 PM by Fishindude »

Syonyk

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Re: How do professionals in careers that need a nice car handle it?
« Reply #40 on: February 08, 2016, 09:24:50 AM »
Most importantly, you need to keep it washed and looking nice inside and out.

^^ That's really the important part.  As long as the car looks nice, for the 99% case, it's fine.

One thing I would suggest against is low slung sports cars if you need to carry people.  Not everyone can get in and out of a car where your butt is practically rubbing the ground.  And, even if they can, it may not be graceful.  I wouldn't ask a woman in a skirt and heels to get into an RX-7, for instance, unless she'd done it before.

Slow&Steady

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Re: How do professionals in careers that need a nice car handle it?
« Reply #41 on: February 08, 2016, 02:02:15 PM »
My husband is a realtor and drives a 2006 Prius with 260k+ miles.  No dents, dings, chipped paint, or tape but it probably does need to go through the car wash and the vacuums before he picks up a client. 

Most of his clients are interested in the houses he is showing them and not the car he is driving.

Telecaster

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Re: How do professionals in careers that need a nice car handle it?
« Reply #42 on: February 08, 2016, 02:23:36 PM »
I had an interesting discussion about this with my real estate agent.    He said there is a belief among agents that a fancy car means they are successful, therefore a lot of agents bought fancy cars in order to impress their clients.   He drove a Honda, btw.

I thought that was whack.   On the list of reasons why I buy a house or not, the type of car the agent drives comes in at about zero on the priority list. 

Uturn

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Re: How do professionals in careers that need a nice car handle it?
« Reply #43 on: February 08, 2016, 02:57:36 PM »
Really what it boils down to is, people who care about status will notice what you drive, people who don't care won't notice.  This, of course, assumes you have a clean and well maintained vehicle. 

Us2bCool

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Re: How do professionals in careers that need a nice car handle it?
« Reply #44 on: February 08, 2016, 03:11:43 PM »
In my experience, realtors absolutely must have a nice, comfortable car, but it doesn't have to be high-end. It has to be clean and have a nice roomy backseat.  My mom is a retired realtor, and I recall once she bought an economy car hoping to save money. She replaced it after six months and bough a pre-owned sedan that wasn't exactly her type of car, but she considered a tool of the trade.   It worked out for me as I was turning 16 and got the first car as a hand-me-down.

I've worked with both good and bad realtors, and found that good realtors don't drive crummy old cars.


BDWW

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Re: How do professionals in careers that need a nice car handle it?
« Reply #45 on: February 08, 2016, 03:13:10 PM »
These type of discussions always remind me of this cartoon.

http://theoatmeal.com/pl/minor_differences5/suit

Where I live, most people don't trust(maybe not the right word) a guy in a suit and/or fancy car. It depends on the location and clientele. As others have mentioned, for some a fancy car is a good thing, for others it's off-putting.


Indexer

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Re: How do professionals in careers that need a nice car handle it?
« Reply #46 on: February 08, 2016, 07:26:55 PM »
The wealthiest person I know who works in 'sales' drives a Toyota Camry.  He is a financial planner and he is bringing in over $500k/year.

He meets with millionaires on a daily basis. Guess what... millionaires don't drive BMWs. People who wish they were do.

His clients probably like the fact that he drives a Toyota. He works in a fairly rural area and he doesn't flaunt his wealth. Well he also has a Corvette, but he doesn't drive that to his office.

coppertop

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Re: How do professionals in careers that need a nice car handle it?
« Reply #47 on: February 09, 2016, 07:31:06 AM »
The wealthiest person I know who works in 'sales' drives a Toyota Camry.  He is a financial planner and he is bringing in over $500k/year.

He meets with millionaires on a daily basis. Guess what... millionaires don't drive BMWs. People who wish they were do.

His clients probably like the fact that he drives a Toyota. He works in a fairly rural area and he doesn't flaunt his wealth. Well he also has a Corvette, but he doesn't drive that to his office.

This is so true.  My former boss is an old-money attorney.  His money goes way back to the early 1800s.  He isn't impressed by his own wealth or anyone else's.  He drives a crappy car and doesn't even notice.  Once I had to ride along with him to visit a client.  He drove an old beater van that he had driven his son and his buddies in to a soccer match the day before.  The thing smelled to high heaven of stale burgers and fries and guess what - there were burger and fries wrappers and bags all over the floor.  It was enough to gag a maggot.  The next time we had to visit the client, I drove him in my Honda Civic.  Forty minutes in the car with the dirt and stench of his vehicle was way too much for me.  This guy has inherited wealth of over 10 million dollars.  He doesn't need to prove a thing to anybody.  But he's a slob about his vehicle and his office, although he is always dressed impeccably.

Chris22

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Re: How do professionals in careers that need a nice car handle it?
« Reply #48 on: February 09, 2016, 08:37:06 AM »
He meets with millionaires on a daily basis. Guess what... millionaires don't drive BMWs. People who wish they were do.

I know and work with dozens of millionaires (my office is in the executive hallway of a F100 subsidiary).  Some drive nice cars.  Some drive shitty cars.  Some pay cash.  Some lease.  Some finance.  One drove a 10y/o Chrysler Sebring and a 20 y/o BMW he bought restored, and then went out one day and bought a $120k Porsche on a whim (5+ years ago, he still drives it).  Several of them do, in fact, drive BMWs.  But most of them drive Mercedes.  Our CEO drives a Mercedes, our CFO drives a Porsche, the Executive VPGM of my division drives a BMW.  All made $1M+ last year. 

Generalizations are fun.

Vilgan

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Re: How do professionals in careers that need a nice car handle it?
« Reply #49 on: February 09, 2016, 09:15:24 AM »
Impressions are also hard to determine. Working with a client, one of the other consultants had a brand new Tesla and he felt it was important for his image as a successful consultant that knows what he is talking about. Talking to the client about random chit chat, the Tesla would come up and it was clear she thought they were paying way too much and that his Tesla reinforced that impression.

 

Wow, a phone plan for fifteen bucks!