Can I really afford a BMW?

J.M · 08-23-2016, 02:36 AM

Quote:

Originally Posted by Don Molina

True 'dat.

I wouldn't move to the US for anything under 300k a year

This!

J.M · 08-23-2016, 02:46 AM

This thread completely derailed and became the "financial enlightenment thread"...
Never seen so much bullshit in one thread! Everyone is contradicting someone else while being 100% certain of what they are claiming.

1LRM3 · 08-23-2016, 05:43 AM

..................

jtodd_fl · 08-23-2016, 06:24 AM

Quote:

Originally Posted by JJ_Moura

This thread completely derailed and became the "financial enlightenment thread"...
Never seen so much bullshit in one thread! Everyone is contradicting someone else while being 100% certain of what they are claiming.

Well, we can't ALL be you, hard as we may try.

Delta0311 · 08-23-2016, 06:29 AM

Quote:

Originally Posted by JJ_Moura

Judging by all the comments with advice I get that living in the US must be financially very tough and uncertain.
To OP, best advice is: move to Europe! It's way nicer here :P

Western Europe is a cesspool of left wing retards bending over backwards to a bunch of radical Islamist, while they leech of off their socialist welfare system. All that while jacking about 60% of your income...

If anything I'd move back to Poland.. Low cost of living and very little violent crime.

J.M · 08-23-2016, 06:32 AM

Quote:

Originally Posted by jtodd_fl

Well, we can't ALL be you, hard as we may try.

You wouldn't like it anyway.

J.M · 08-23-2016, 06:34 AM

Quote:

Originally Posted by Delta0311

Western Europe is a cesspool of left wing retards bending over backwards to a bunch of radical Islamist, while they leech of off their socialist welfare system. All that while jacking about 60% of your income...

If anything I'd move back to Poland.. Low cost of living and very little violent crime.

Poland is indeed a nice country.

fecurtis · 08-23-2016, 07:55 AM

Why does every keep telling this guy to buy a house? He lives in SF...that's a RE bubble waiting to burst.

If you do buy, wait until the market tanks and assuming you've got the job security, jump then.

Delta0311 · 08-23-2016, 08:16 AM

Quote:

Originally Posted by fecurtis

Why does every keep telling this guy to buy a house? He lives in SF...that's a RE bubble waiting to burst.

If you do buy, wait until the market tanks and assuming you've got the job security, jump then.

Shit did not see that.. Puts things in a whole different perspective. His $130k a year there is pretty much like $60k any where else.

David70 · 08-23-2016, 08:39 AM

Quote:

Originally Posted by Delta0311

Western Europe is a cesspool of left wing retards bending over backwards to a bunch of radical Islamist, while they leech of off their socialist welfare system. All that while jacking about 60% of your income...

If anything I'd move back to Poland.. Low cost of living and very little violent crime.

Next topic is we generalize NJ or other parts of the U.S.? I am embarrassed for you.

Quote:

Originally Posted by fecurtis

Why does every keep telling this guy to buy a house? He lives in SF...that's a RE bubble waiting to burst.

If you do buy, wait until the market tanks and assuming you've got the job security, jump then.

I said he should save for a house so at some point in time it becomes a viable option. Based on what he said houses cost I don't see it happening anytime soon and if he has the money available his choices are much greater.

Choice of expensive car and low savings or more reasonable car and money saved for a house I recommend option two. Then he may not be interested in having roommates the rest of his life whether or not he wants to buy a house.

jtodd_fl · 08-23-2016, 08:41 AM

Quote:

Originally Posted by David70

Next topic is we generalize NJ or other parts of the U.S.? I am embarrassed for you.

Complete thread death in 3...2...1..

BimmerRookie · 08-23-2016, 08:52 AM

0

fecurtis · 08-23-2016, 08:52 AM

Quote:

Originally Posted by Delta0311

Shit did not see that.. Puts things in a whole different perspective. His $130k a year there is pretty much like $60k any where else.

Lol exactly.

UncleWede · 08-23-2016, 09:19 AM

OP, buy the car while you are still young enough to drive it. By the time you follow the financial advice on this forum, you'll be too old to enjoy the car, and your wife won't let you drive it to its limits anywyas, and won't appreciate you taking it to track all weekend long when the kids need school clothes, or to go to games, or. . . unless you hook up with someone like bimmette

Ask some of us old guys how we know:
1MOREMOD might still go to track, but his knees HURT when done.

ASBSECU E93 well, can he really drive Ms. Piggy? Inquiring minds want to know

shoei Just not sure on his age, and whether or not he had to steal the car anyways.

Me: I only afforded a 325, not even an M, in part due to the above mentioned family issues.

BUY THE M, BRAND SPANKIN NEW

bimmette · 08-23-2016, 09:20 AM

Quote:

Originally Posted by UncleWede

OP, buy the car while you are still young enough to drive it. By the time you follow the financial advice on this forum, you'll be too old to enjoy the car, and your wife won't let you drive it to its limits anywyas, and won't appreciate you taking it to track all weekend long when the kids need school clothes, or to go to games, or. . . unless you hook up with someone like bimmette

Ask some of us old guys how we know:
1MOREMOD might still go to track, but his knees HURT when done.

ASBSECU E93 well, can he really drive Ms. Piggy? Inquiring minds want to know

shoei Just not sure on his age, and whether or not he had to steal the car anyways.

Me: I only afforded a 325, not even an M, in part due to the above mentioned family issues.

BUY THE M, BRAND SPANKIN NEW

Haha don't listen to this crazy guy

:

Ugh, can we please close this thread? It's gonna go on forever.

John 070 · 08-23-2016, 09:34 AM

Quote:

Originally Posted by bimmette

Haha don't listen to this crazy guy

:

Ugh, can we please close this thread? It's gonna go on forever.

last comment, it would be so nice to throw caution to the wind, I'd be in a '16 F80, putting 50% down and financing 50% over 36 mos. is not the problem at all, it's the opportunity cost, and that's not just me, it's the homeless guy and the wealthy guy alike.

Anyway, as a sweeping generalization, anybody who starts out by saying max out your 401k, max out your ROTH, is likely to have some good advice in my book. Not that many people do it when starting out. Say you land your first job out of college, paying 85k. The likelihood of you doing 18k to a 401k, and 5.5k to a roth is pretty unlikely. But should you do it? Absolutely. If you have a stock purchase plan, do that as well. Buying a home is not a given, a wrong decision there can set you back decades. Saving for one, is another story.

Needbmwpartzz · 08-23-2016, 09:44 AM

Buy before you die.....or leave it up to the flip of coin.

ASBSECU E93 · 08-23-2016, 09:50 AM

Oh, UncleWede - I drive her....WELL

ASBSECU E93 · 08-23-2016, 09:55 AM

fecurtis - I believe the suggestion has been made the OP buy a rental, not a primary home.

This would position the OP to take full advantage of the R/E bubble...

shoei · 08-23-2016, 10:04 AM

I kinda dig that ASBSECU E93 car's official name has become Miss Piggy... My greatest contribution to OT...

And he drives like he's driving Miss Daisy... He just got spanked by a soccer mom in a SUV not too long ago...

ASBSECU E93 · 08-23-2016, 10:06 AM

Still faster (and FATTER) than your Weedeater

shoei · 08-23-2016, 10:09 AM

Quote:

Originally Posted by ASBSECU E93

Still faster (and FATTER) than your Weedeater

Not for much longer, King Tut...

08-23-2016, 02:46 AM	#222
J.M First Lieutenant 264 Rep 337 Posts Drives: '17 M2 DCT BSM Join Date: Jul 2016 Location: Nurburgring iTrader: (0) Garage List 2017 BMW M2 [0.00]	This thread completely derailed and became the "financial enlightenment thread"... Never seen so much bullshit in one thread! Everyone is contradicting someone else while being 100% certain of what they are claiming.
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08-23-2016, 05:43 AM	#223
1LRM3 Captain 517 Rep 788 Posts Drives: LRP M3 E92, MR M3 E93 Join Date: Dec 2012 Location: CT<-->SC iTrader: (8) Garage List 2013 BMW M3 [8.00]	.................. Attached Images __________________ ENDLESS DETAILS, CT EPIC MOTORSPORTS, FL *Custom Auto Designs Protection Films, CT* *F.T.B.R. Garage, CT*
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08-23-2016, 07:55 AM	#228
fecurtis Banned 3262 Rep 6,299 Posts Drives: 2014 BMW 335i M-Sport Join Date: Jan 2014 Location: Arlington, VA iTrader: (0)	Why does every keep telling this guy to buy a house? He lives in SF...that's a RE bubble waiting to burst. If you do buy, wait until the market tanks and assuming you've got the job security, jump then.
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08-23-2016, 08:52 AM	#232
BimmerRookie Major 469 Rep 1,320 Posts Drives: E93 Cavalier Z24 M3 Join Date: Jan 2014 Location: Austin, TX iTrader: (0)	0
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08-23-2016, 09:19 AM	#234
UncleWede Long Time Admirer, First Time Owner 18031 Rep 9,378 Posts Drives: G01 X3 M40i Dark Graphite Join Date: Jun 2005 Location: Oxnard, CA iTrader: (0)	OP, buy the car while you are still young enough to drive it. By the time you follow the financial advice on this forum, you'll be too old to enjoy the car, and your wife won't let you drive it to its limits anywyas, and won't appreciate you taking it to track all weekend long when the kids need school clothes, or to go to games, or. . . unless you hook up with someone like bimmette Ask some of us old guys how we know: 1MOREMOD might still go to track, but his knees HURT when done. ASBSECU E93 well, can he really drive Ms. Piggy? Inquiring minds want to know shoei Just not sure on his age, and whether or not he had to steal the car anyways. Me: I only afforded a 325, not even an M, in part due to the above mentioned family issues. BUY THE M, BRAND SPANKIN NEW
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08-23-2016, 09:44 AM	#237
Needbmwpartzz Colonel 851 Rep 2,793 Posts Drives: 2009 bmw 328i x-drive Join Date: Feb 2014 Location: Kitchener/Waterloo iTrader: (0)	Buy before you die.....or leave it up to the flip of coin.
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08-23-2016, 10:04 AM	#240
shoei Banned 7779 Rep 2,602 Posts Drives: MW Vespa w/pink racing stripes Join Date: Nov 2007 Location: Peeing in your garden iTrader: (3)	I kinda dig that ASBSECU E93 car's official name has become Miss Piggy... My greatest contribution to OT... And he drives like he's driving Miss Daisy... He just got spanked by a soccer mom in a SUV not too long ago...
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