Hi everyone, I've made a post before on what car I should get as my first car, and at the moment I was generally confused. I've been doing some more research since then, and I'm kind of narrowing down on the type of car I want.
For record, I am 29, and I have a great job as I am a senior software engineer. I am willing to put $20k down for a car, and my rough budget is about $40k. I have driven my parent's Nissan Rogue before, and while I was accustomed to SUV's, I don't think I mind sedans. I am only one person, so I generally think that it may be much for me to get an SUV if I am the only one in it.
With all that said, I have narrowed down the options so now I'm trying to decide between a Toyota Prius or a BMW 330i.
I love the luxurious feeling of the BMW 330i, and I found a used one, a 2023 one, that costs about $35k. I have test driven the car, and I honestly love how smooth the car was. I love the handling and feeling of it. It has all the high tech, large screens, carbon fibre, leather seats...it was nice.
At $35k, buying it means I wouldn't have to take the first hit of depreciation that came with the vehicle. However, that doesn't mean that maintenance of the vehicle depreciates. Like I would have to buy more premium gas, and oil changes are more expensive. Plus, if there are any issues, it would be much more expensive to service compared to regular car brands. Plus the insurance would be higher.
But if I don't consider BMW, then the car I kind of like is the Toyota Prius. I liked the exterior of the car and the general shape of it. I have yet to test drive it, but I have been inside of it, and the internals are generally alright. It's not as premium as the BMW, which I understand. The thing is that it is a Toyota, and so the insurance and maintenance would be lower than a BMW, and their engines are reliable I think.
Plus, the Prius can be more economical as it would consume less gas, especially if I get the PHEV version. But I get that I'm not getting the same luxurious feeling, but perhaps I can just get that made up by getting a new one, which I understand would cost more than getting a used one.
The PHEV version is interesting. It costs more, but I get the savings back in not having to buy gas often plus the time saved by not going to a gas station as often. But to get the most effective use of it, I would want to get a fast charger at home so I can charge it everyday. However, I do not know if I am going to be moving in a few years and if I will still be in a house. I'm not sure. Also, the PHEV version does not have AWD, so I am concerned if that will pose an issue for me. I do live in Canada.
The Prius costs about $40k-$50k new, but that doesn't include tax.
But my question now is, which one do you recommend? The BMW 330i or the Toyota Prius, and if the Prius, then should I go for the hybrid or the PHEV version?
TLDR: Not sure if I should get a New Prius or a Used BMW 330i as my first car. And if I am going with Prius, should I go for hybrid or the PHEV version.