Nice buy.. Personally not my cup of tea as I just don't like the styling but in that respect the coupe is much more appealing than the sedan

 

I fail to see how your monthly payment could have changed that much unless you paid way too much for your tl and made extra payments or you put a bunch of money down on the accord or financed it for a very long term. Also since we are trying to be sensible with our money a 401k isnt the way to go.

 

The Coupe is definitely the way to go as far as the Accords are concerned. Way to go!

What kinda deal did the dealer give you on your TL? I assume you traded it in.

G/L with the coupe!

 

My TL was 4 year lease at $466/month for 15K miles/yr. My Accord is $369/month for 3 years for 15K miles (If I took a silver one instead of black, it would have lowered my payment to $359/month).

I turned the TL in 9 months early (payoff was 20K and they gave me an 'allowance' of 19K, so they rolled the difference into the new lease). Not that it I think there would have been any problems, but I just hit 49K miles on the car, so factory warranty was about to expire (4years/50K miles IIRC)...

When I was your age, putting that money into 401K would have been a good move. And exactly how is not putting money into a 401K not sensible (employer match and it is a pre-tax deduction)?

 

If you want to talk about sensibility then leasing a car when one does a lot of driving is not a financially smart decision. 466/mo payment you had on the TL indicated that you did not have much to put down either. What you got out of this is you may be saving 100/mo on a payment, and $10-15 per month on gas, but you had put yourself into longer payment...should you have bought the TL in the first place, you'd have been car payment-free in 3 yrs and not having to worry about mileage limitations. If saved $120/month mean that much then why spend so much money on cars?

I never understand people that downgrade not to something that would truly would save them money.

 

Exactly!

People who are worried about gas prices that much shouldn't be buying a >30K luxury car to begin with. The difference is negigible ~$120 a YEAR ymmv.

 

Damn leasing a car is right up their with buying a new car in financial irresponsibility. I also should clarify my 401k statement, it is a good idea to put in the max your employer will match when you are young but throwing "extra" money into is not the best investment strategy in my eyes. When you are young is the best time to invest in something more aggresive.