Should I?

ik999 · 08-18-2008, 11:29 PM

wow, what a thread

don't listen to your father

long story short: you can't afford it

save up your money and buy a place to live

you might not like this advice

but it's better for you to be disappointed than broke as fuck

TurboFan · 08-18-2008, 11:32 PM

No way would I say its a good idea. Do something productive with the money, invest it. That M3 won't be worth shit in 5 years, relative to what you'll pay for it, and there will probably a be cars half the original price that will spank it. Invest, let your money grow for a few years, and see if you still want the M3. Go for an e46 if you really want one.

TurboFan · 08-18-2008, 11:32 PM

Quote:

Originally Posted by e46e92love

Blood, sweat, and tears? Dude, you haven't been alive long enough to know what that means. Try working your way through undergrad, and grad and working as someone's bitch for years then, and only then, will you know what blood, sweat and tears is, and you will also happen to know what being 30 means......

Yeah...what he said!

SlammedR8 · 08-19-2008, 07:41 AM

sorry
but your simply retarded (and so are the parental units) if you buy an m3 with a $1500 income!
You need to make at least 3x that to buy an M3

txusa03 · 08-19-2008, 08:05 AM

anyone?

Couch · 08-19-2008, 09:10 AM

Quote:

Originally Posted by txusa03

anyone?

No I prefer

MadDog · 08-19-2008, 11:39 AM

Quote:

Originally Posted by txusa03

anyone?

for everyone !!!!

GreenThree · 08-19-2008, 11:54 AM

The earnings to payment ratio is WACK in this scenario. $18K/yr income, and speding almost all of it ($1,100) on an M3 at that age??

You are very fortunate to be in this kind of situation, and it sounds like you have supportive parents. But, word to the wise - save your money. Even if you did lose your current job, and earned an even income, or slightly hihger income somewhere else, it still does not compensate for 80% of your income to be going towards a car! It does not make sense for anyone at any age to be spending almost all of their income on a sports car.

Good luck

Saigon · 08-19-2008, 12:02 PM

perfect thread for you to post in; then you will realize that you have other priorities that you need to take care of. I know you won't be liking what we're telling you, and you are probably going to make the purchase anyway. So good luck.
http://www.e90post.com/forums/showth...144538&page=11

JayML · 08-19-2008, 01:06 PM

i cant believe people post questions like this

no disrespect to the thread starter, but him even asking or even for a second thinking he can afford a m3 on his salary shows how clueless he is

im amazed people are even saying it will be tight, be careful, you technically could but you wont have much left over etc

how can anyone in there right mind tell this kid he can somehow swing it.

he makes 18k a year and wants to drive a 70k car.

hes not saying ill save, put away for school, a house , investments etc.

no he is saying he wants to blow every dollar he literally has and earns on a depreciating asset .

and 10k bro is not a lot of money. i just bought a fridge that is more expensive

no disrespect but this is why so many people are broke. im being harsh cause your being an idiot, and i want you to be smart

dont be a sheep your whole life.

the avg amount people have saved up if they lose there job is 2 to 3 weeks saved. thats it.

this guy is the reason why

he makes 375 a week for christ sake

but hey, its your money i guess.

this could be one of the worst financial decions ive seen

you know what the main differences between the wealthy and the middle class is?

the middle class buy things when they feel like it with no real thought or emotion or planning. they then have what they wanted but dont appreciate it or worry about paying for it so they never really enjoy it. there always worried

the wealthy set goals for themselves. they say i can afford it but im going to make another 50k or 100k somehow somewhere, ill find a way, on top of everything else. i will then take that money and use it.

you then appreciate it way more because you got it when you reached your goal, not when you wanted it.

trust me it works

rant over.

GreenThree · 08-19-2008, 01:36 PM

^ But why the spaces in between sentences?

just4kickz · 08-19-2008, 02:35 PM

Quote:

Originally Posted by e46e92love

Blood, sweat, and tears? Dude, you haven't been alive long enough to know what that means. Try working your way through undergrad, and grad and working as someone's bitch for years then, and only then, will you know what blood, sweat and tears is, and you will also happen to know what being 30 means......

pretty sure you can bleed, sweat, and tear in other ways... try joining the army. your bound to accomplish all three of those before your 30.

to the OP, i think you should just get a cheaper car and wait to get a nicer car a few more years down the line. i wouldn't get a 328/335 now, cause it seems like your set on getting an M in the future, so why not get it when you actually can.

silvergray545 · 08-19-2008, 03:18 PM

listen dude i was in the same situation as you were in. when i was looking for i car i really wanted a brand new 335i coupe. i make $1700 a month and i had 19k saved up. there was still no way i could afford it. you cant put every single dollar you have in the bank as a down payment, what happens if something happens where you need a good chunk of change? also insurance for me was a little over 2k a year. plus say you buy the car and it is not what you think it is or what you really want, you are going to lose your ass on trying to sell your not new anymore M3. expect to lose around 15k on that. listen to me man, im 19 years old and im telling you this. i found a 2005 545 sport 6 speed manual that i found a hell of a deal on and it was 25k cheaper than a brand new 335 coupe. you cant always get what you want, especially at our age. shit if that was the case i would be driving a 997 turbo or an M6.

E92-Lighting · 08-19-2008, 05:25 PM

Quote:

Originally Posted by e46e92love

Blood, sweat, and tears? Dude, you haven't been alive long enough to know what that means. Try working your way through undergrad, and grad and working as someone's bitch for years then, and only then, will you know what blood, sweat and tears is, and you will also happen to know what being 30 means......

true that, epecially "working as someone's bitch for years then" + low wage

155MPH · 08-19-2008, 07:40 PM

the careful trick here is to buy your first new bmw at after folks think you are too young to be buying a BMW and before everyone thinks you are having a mid-life crisis. You get that right and you are golden!

155MPH · 08-19-2008, 07:42 PM

Quote:

Originally Posted by silvergray545

listen dude i was in the same situation as you were in. when i was looking for i car i really wanted a brand new 335i coupe. i make $1700 a month and i had 19k saved up. there was still no way i could afford it. you cant put every single dollar you have in the bank as a down payment, what happens if something happens where you need a good chunk of change? also insurance for me was a little over 2k a year. plus say you buy the car and it is not what you think it is or what you really want, you are going to lose your ass on trying to sell your not new anymore M3. expect to lose around 15k on that. listen to me man, im 19 years old and im telling you this. i found a 2005 545 sport 6 speed manual that i found a hell of a deal on and it was 25k cheaper than a brand new 335 coupe. you cant always get what you want, especially at our age. shit if that was the case i would be driving a 997 turbo or an M6.

You are very wise for your years....you will do well in life.

Japanese_Racer · 08-19-2008, 08:29 PM

After reading through all your guy's comments, true that maybe I'm all hyped up about getting a new car and not thinking correctly.

I actually like all the criticism you guy's gave me. True that $1,500/month is pushing it, even if I get a 60 month finance and mothly payments are low. Probably won't get the car. Good advise given on here.

silvergray545: Nice to hear from another person that had the same mindset as me.

silvergray545 · 08-19-2008, 09:32 PM

Quote:

Originally Posted by 155MPH

You are very wise for your years....you will do well in life.

Thank you very much, that means a lot to me.

silvergray545 · 08-19-2008, 09:38 PM

Quote:

Originally Posted by Japanese_Racer

After reading through all your guy's comments, true that maybe I'm all hyped up about getting a new car and not thinking correctly.

I actually like all the criticism you guy's gave me. True that $1,500/month is pushing it, even if I get a 60 month finance and mothly payments are low. Probably won't get the car. Good advise given on here.

silvergray545: Nice to hear from another person that had the same mindset as me.

No problem man thats what we are here for. also, another thing that i did was when i financed my car, i took out a 60 month loan. i knew i was able to pay off a 36 month loan with out a problem, but i realized that if i took out a 60 month loan i can have sort of a cushion on my payments just incase i ran short of money or if something bad happens. you can always pay more but the minimum payment on a 60 month loan is a lot smaller than a 36 month loan.

new2the3 · 08-19-2008, 10:16 PM

New tires = $1000, car payment = $1200 = you do not have enough money. You are young you should drive a 10 year old toyota carola with your mentality to keep you out of financial trouble.

e46e92love · 08-19-2008, 10:46 PM

Quote:

Originally Posted by TurboFan

Yeah...what he said!

Hey Jay.......how you doing? Long time no speak

blue-coupe · 08-20-2008, 07:14 PM

$1,500 a month may be a lot for a teenager, but it's not a lot of money to anyone else.

What about a few years from now, when you're making payments (and maintenance and repairs), while trying to pay rent, pay for food & living expenses, and maybe have a few bucks over to take out a girl in a car she is only minimally impressed with.

Buy a used 325 or a 330 if you can find one cheap.

08-18-2008, 11:29 PM	#45
ik999 Lieutenant 25 Rep 497 Posts Drives: e90 335i f32 435xi Join Date: Jul 2006 Location: gta iTrader: (0)	wow, what a thread don't listen to your father long story short: you can't afford it save up your money and buy a place to live you might not like this advice but it's better for you to be disappointed than broke as fuck
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08-18-2008, 11:32 PM	#46
TurboFan Ski bum 317 Rep 6,198 Posts Drives: sideways Join Date: Aug 2007 Location: Knee deep in the pow iTrader: (8)	No way would I say its a good idea. Do something productive with the money, invest it. That M3 won't be worth shit in 5 years, relative to what you'll pay for it, and there will probably a be cars half the original price that will spank it. Invest, let your money grow for a few years, and see if you still want the M3. Go for an e46 if you really want one. __________________ 1999 e46 328i Ti Silver / Black[retired] 2007 e90 335xi Jet Black / Black[retired] 2011 e70 X5 35d Vermillion Red / Cinnamon 2011 e92 M3 LeMans / Fox Red extended
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08-19-2008, 07:41 AM	#48
SlammedR8 Major General 523 Rep 5,483 Posts Drives: 2019 X5 40i/2020 R8 V10 Spyder Join Date: Jul 2007 Location: Toronto iTrader: (2)	sorry but your simply retarded (and so are the parental units) if you buy an m3 with a $1500 income! You need to make at least 3x that to buy an M3 __________________ Current: 2019 BMW X5 40i - Carbon Black/Tartufo Individual Leather 2020 Range Rover HSE - Black/Black 2020 Audi R8 V10 Performance Spyder 6MT - Ascari Blue/Black
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08-19-2008, 08:05 AM	#49
txusa03 Major General 550 Rep 6,563 Posts Drives: TS330iPPSP6MT Join Date: Jul 2005 Location: Planet Earth iTrader: (3)	anyone? __________________ under construction!
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08-19-2008, 11:54 AM	#52
GreenThree Colonel 210 Rep 2,110 Posts Drives: 2011 e90 Join Date: Mar 2008 Location: Boston, MA iTrader: (0)	Too much The earnings to payment ratio is WACK in this scenario. $18K/yr income, and speding almost all of it ($1,100) on an M3 at that age?? You are very fortunate to be in this kind of situation, and it sounds like you have supportive parents. But, word to the wise - save your money. Even if you did lose your current job, and earned an even income, or slightly hihger income somewhere else, it still does not compensate for 80% of your income to be going towards a car! It does not make sense for anyone at any age to be spending almost all of their income on a sports car. Good luck __________________ 2015 335xi \| Mineral Grey Metallic \| Black Dakota Leather \| NAV \| SportLine \| ZPP \| ZDA \| ZCW \| Munich Build Retired: 2008, 2011, 2013 328xi
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08-19-2008, 12:02 PM	#53
Saigon Brigadier General 234 Rep 3,525 Posts Drives: BSM E92 335i Coupe Join Date: Jan 2008 Location: SoCal iTrader: (47)	perfect thread for you to post in; then you will realize that you have other priorities that you need to take care of. I know you won't be liking what we're telling you, and you are probably going to make the purchase anyway. So good luck. http://www.e90post.com/forums/showth...144538&page=11 __________________ 07' Alpine White E93 335i M-Sport \| BMW Performance \| Beige l Piano Black l Sport l Premium l Heated l Navi \| Steptronic l Comfort Access l Logic7 l iPod & USB \|
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08-19-2008, 01:06 PM	#54
JayML Lieutenant 77 Rep 413 Posts Drives: .... Join Date: Jun 2007 Location: toronto iTrader: (2)	i cant believe people post questions like this no disrespect to the thread starter, but him even asking or even for a second thinking he can afford a m3 on his salary shows how clueless he is im amazed people are even saying it will be tight, be careful, you technically could but you wont have much left over etc how can anyone in there right mind tell this kid he can somehow swing it. he makes 18k a year and wants to drive a 70k car. hes not saying ill save, put away for school, a house , investments etc. no he is saying he wants to blow every dollar he literally has and earns on a depreciating asset . and 10k bro is not a lot of money. i just bought a fridge that is more expensive no disrespect but this is why so many people are broke. im being harsh cause your being an idiot, and i want you to be smart dont be a sheep your whole life. the avg amount people have saved up if they lose there job is 2 to 3 weeks saved. thats it. this guy is the reason why he makes 375 a week for christ sake but hey, its your money i guess. this could be one of the worst financial decions ive seen you know what the main differences between the wealthy and the middle class is? the middle class buy things when they feel like it with no real thought or emotion or planning. they then have what they wanted but dont appreciate it or worry about paying for it so they never really enjoy it. there always worried the wealthy set goals for themselves. they say i can afford it but im going to make another 50k or 100k somehow somewhere, ill find a way, on top of everything else. i will then take that money and use it. you then appreciate it way more because you got it when you reached your goal, not when you wanted it. trust me it works rant over.
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08-19-2008, 01:36 PM	#55
GreenThree Colonel 210 Rep 2,110 Posts Drives: 2011 e90 Join Date: Mar 2008 Location: Boston, MA iTrader: (0)	^ But why the spaces in between sentences? __________________ 2015 335xi \| Mineral Grey Metallic \| Black Dakota Leather \| NAV \| SportLine \| ZPP \| ZDA \| ZCW \| Munich Build Retired: 2008, 2011, 2013 328xi
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08-19-2008, 03:18 PM	#57
silvergray545 Skittles, OT OG 2337 Rep 649 Posts Drives: Lots of M cars Join Date: Aug 2008 Location: Cleveland, OH iTrader: (1) Garage List 2016 BMW M3 ZCP [0.00] 2000 BMW M Roadster [0.00] 2004 BMW M3 [0.00] 2014 VW GLI [0.00]	listen dude i was in the same situation as you were in. when i was looking for i car i really wanted a brand new 335i coupe. i make $1700 a month and i had 19k saved up. there was still no way i could afford it. you cant put every single dollar you have in the bank as a down payment, what happens if something happens where you need a good chunk of change? also insurance for me was a little over 2k a year. plus say you buy the car and it is not what you think it is or what you really want, you are going to lose your ass on trying to sell your not new anymore M3. expect to lose around 15k on that. listen to me man, im 19 years old and im telling you this. i found a 2005 545 sport 6 speed manual that i found a hell of a deal on and it was 25k cheaper than a brand new 335 coupe. you cant always get what you want, especially at our age. shit if that was the case i would be driving a 997 turbo or an M6.
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08-19-2008, 07:40 PM	#59
155MPH Major 61 Rep 1,379 Posts Drives: E89 Z4 sDrive28i M Performance Join Date: May 2007 Location: South Jersey Shore iTrader: (0) Garage List 2019 BMW xDrive430i ... [0.00] 2014 BMW Z4 sDrive2 ... [5.00]	the careful trick here is to buy your first new bmw at after folks think you are too young to be buying a BMW and before everyone thinks you are having a mid-life crisis. You get that right and you are golden!
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08-19-2008, 08:29 PM	#61
Japanese_Racer S65B40 FTMFW 66 Rep 222 Posts Drives: 1995 E34 540i, 2011 E90 M3 ZCP Join Date: Aug 2008 Location: OC <--> SF iTrader: (7)	After reading through all your guy's comments, true that maybe I'm all hyped up about getting a new car and not thinking correctly. I actually like all the criticism you guy's gave me. True that $1,500/month is pushing it, even if I get a 60 month finance and mothly payments are low. Probably won't get the car. Good advise given on here. silvergray545: Nice to hear from another person that had the same mindset as me.
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08-19-2008, 10:16 PM	#64
new2the3 Colonel 380 Rep 2,067 Posts Drives: 2020 X3M Competition Join Date: Jun 2006 Location: San Diego iTrader: (0)	New tires = $1000, car payment = $1200 = you do not have enough money. You are young you should drive a 10 year old toyota carola with your mentality to keep you out of financial trouble.
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08-20-2008, 07:14 PM	#66
blue-coupe Second Lieutenant 115 Rep 253 Posts Drives: 1999 Z3 Coupe Join Date: May 2008 Location: Dallas TX iTrader: (0)	$1,500 a month may be a lot for a teenager, but it's not a lot of money to anyone else. What about a few years from now, when you're making payments (and maintenance and repairs), while trying to pay rent, pay for food & living expenses, and maybe have a few bucks over to take out a girl in a car she is only minimally impressed with. Buy a used 325 or a 330 if you can find one cheap.
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