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Why would you buy a coupe and why not?

Published on December 7th, 2020
  Written by 
Bill Tsouvalas
Bill Tsouvalas is the managing director and a key company spokesperson at Savvy. As a personal finance expert, he often shares his insights on a range of topics, being featured on leading news outlets including News Corp publications such as the Daily Telegraph and Herald Sun, Fairfax Media publications such as the Australian Financial Review, the Seven Network and more. Bill has over 15 years of experience working in the finance industry and founded Savvy in 2010 with a vision to provide affordable and accessible finance options to all Australians. He has built Savvy from a small asset finance brokerage into a financial comparison website which now attracts close to 2 million Aussies per year and was included in the BRW’s Fast 100 in 2015 as one of the fastest-growing companies in the country. He’s passionate about helping Australians make financially savvy decisions and reviews content across the brand to ensure its accuracy. You can follow Bill on LinkedIn.
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PROS:

It’s a modern, beautiful car

The great thing about a car like this is that it’s so modern and beautiful, so you can check that off your list. A sports car will always be the object of admiration for a lot of people, and your cool factor will automatically go through the roof. (Get it? Through the roof, because it’s a coupe?) This is a car for a modern person, and if that’s what you were looking for, this is it. 

It’s a fun vehicle to have

So what’s so great about owning a coupe? The hatch at the top can be opened, to let the sun and the wind (and possibly rain) come in. It gives you all of the fun for summertime while still having a sturdy, metal roof. So, it’s unlike a convertible that looks amazing and will attract admiring and jealous stares, but is so impractical, when wintertime comes. In short, it’s fun when you want it to be, but it can be used as a “normal” car just fine when the sun goes away. Convenient, isn’t it?

CONS:

It’s not as practical as a traditional car

Obviously, the coolest feature on this car is the fact that part of the top comes off, to let the breeze run through your hair. But this same feature is also the least practical thing about this car. First of all, you can only drive with the hatch off within a slight timeframe, when the weather allows it (unless you live in Southern California). So you might want to think twice about buying a car so that you can poke your head out through the opening in your roof when someone else is driving.

It’s not as spacious as a regular car

Another thing you may want to take into consideration is the fact that a coupe doesn’t have as much space as a sedan, for example. Of course, if you are interested in a coupe, you are probably not a family person (yet), but before you buy, be aware of the fact that space is limited. That’s because this is a sports car, so it only has two doors. You won’t be taking road trips with friends in this vehicle or taking your nana to the hospital, that’s for sure. If you are a mum, make sure to checkout our article on top 5 cars for mum.

In conclusion, a coupe is a great choice for certain people, but not all of them. If you are a modern individual, with no children or family obligations, who wants a car that is beautiful and fun, a coupe may be a good choice. If, however, you are looking for something spacious and very practical, maybe consider some other types of cars. Read our comparison article on small SUV vs hatchback if you are looking to buy small family car.

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The interest rate, comparison rate, fees and monthly repayments will depend on factors specific to your profile, such as your financial situation, as well others, such as the loan’s size and your chosen repayment term. Costs such as broker fees, redraw fees or early repayment fees, and cost savings such as fee waivers, aren’t included in the comparison rate but may influence the cost of the loan. Different terms, fees or other loan amounts may result in a different comparison rate.

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