11-15-2021, 02:41 PM | #287 | |
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11-15-2021, 02:43 PM | #288 | ||
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09-30-2022, 02:57 PM | #289 |
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I think I might be in the vast minority regarding how much (I.e. how little) I bring in compared to how nice of a car I drive.
Then again, I'm just starting out in my career, while also driving a salvaged (project) 440i. Not having a wife, kids, or a mortgage yet definitely grants me some flexibility. |
10-01-2022, 08:23 AM | #290 | |
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In the end all based on the car and supply and demand. Start a build on certain bronco and wrangler trims new and you’ll find they out price some entry bmw pricing. A base X1 starts at 38,600 a base bronco starts at 31,300. Last edited by Piper1; 10-01-2022 at 09:35 AM.. |
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10-01-2022, 01:47 PM | #292 | |
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A wife is a plus if she's working! My wife is a housewife, so I'm footing the bill for a kid, mortgage, and 4 cars, but I honestly like it. I work from home so we are all closer as a family than the house where I grew up, were both my parents never home.
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10-01-2022, 02:25 PM | #293 |
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Threads like this are always interesting. I used to be concerned with such things, but as I got older I found I was more concerned with time. I would guess that I'm on the lower end of the BMW owner spectrum with regards to yearly salary, but I own my cars, will soon own my home, and work 3 days a week. I could work more, make more, and love life less. No thanks.
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10-01-2022, 02:32 PM | #294 | |
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2 x N54 -> 1 x N55 -> 1 x S55-> 1 x B58
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10-01-2022, 08:39 PM | #295 |
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It's funny, my BMW cost less than my F150 pickup. No one even blinked at that. People see BMW and go "ooh, big spender"
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10-01-2022, 09:04 PM | #296 | |
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10-01-2022, 09:58 PM | #297 | |
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If I worked less, then there would most definitely be a trade-off (both of us work); most likely no private school for the kids, guess i'd still have the Q7, wife would still have her new jeep, different house, much less spending/investment money each month etc. I told my parents, "I'll buy nice stuff while I can afford it, and stop when I'm on a fixed income and can't." |
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10-02-2022, 12:55 AM | #298 | |
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These were obviously not car people.
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10-02-2022, 07:59 AM | #299 | ||
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don't read this. too late...
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10-02-2022, 08:11 AM | #301 | |
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Fun/HPDE: 2023 M3 6MT Individual Malachite
Past:2023 M4 CSL, 2022 M4C Vert, 2020 M340i, 2018 M2, 2015 M235i, 2008 135i 550whp Daily: 2023 X5 45e Daily/Family: 2021 Atlas Cross Sport 3.6 |
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10-02-2022, 03:48 PM | #303 | |
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Lucky for me, my BMW is paid off. You work from home? Lucky man |
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10-03-2022, 04:26 AM | #304 |
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Less than 100k but more expensive than a BMW? If you mean like a non-M 3 series then sure, but BMW goes pretty high these days. Even if you’re single and make 100k it is probably very unwise to buy or lease a $100k car, for example. Just being able to make a monthly payment doesn’t mean one can truly afford it I think. I’m not gonna say you need to make a million a year to buy a 911, but if your car’s MSRP is > your salary then you’re asking for trouble. Excepting those with cash or savings etc. Especially if you live in a high cost of living area. In northern NJ a single bedroom apartment that isn’t an old garden apt is running like $2200+ a month right now.
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10-03-2022, 09:31 AM | #306 |
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These conversations imo miss the point. You can afford whatever car fits your financial situation and your risk tolerance. Notice how I said financial situation and not simply just how much one makes. You can make quite a bit less than one might think to afford a BMW. Salary/wage for sure matters, but expenses and liquid cash situation matter just as much, if not more. Ultimately, it comes down to wage relative to obligations.
I am just out of college, I do make good money for being just out of college, but I am below 6 figures. That is probably less than many of you. Have a 2023 M340i xDrive on order currently, MSRP ~67,000. There is a reason BMW has the recent college grad program (that I am taking advantage of), grads have a higher chance of lower obligation, even if they make less. If there was a very low uptake of that program, they wouldn’t be offering it. By the time I receive the vehicle I could probably swing a 50% downpayment if I wanted to (and might with interest rates) with a bit of room to spare for emergencies, after years of saving a lot and the past few months of saving with my new job. In addition, providing nothing else happens, I will likely within 1 year or so of receiving the vehicle have the ability to pay off the car entirely if I so chose (also in part because interest rates). I also have a some cushion in the bank if something goes wrong within the first few months of receiving it, to give me time to find another job (also helped by doing a 5 year loan which would also buy me time). I’m lucky. I can afford what is practically my dream car for the next 10+ years. I can do this because I save, and have no other major obligations. Many others will make much more than me, but also find it more difficult than me due to other obligations like mortgages, taxes, bills, taking less risk due to family, etc. Do your research, understand the risks, understand your situation, and make an informed decision. That is all you can do. It is so much more than just how much one makes pre/post-tax. Also finally, buy the car you want, at the price that makes sense for you. Nobody needs a BMW, a Honda Civic is still an acceptable vehicle. If that is what you can afford or all the you want, that is perfectly fine. Don’t overstretch for the sake of a status symbol or a want. If you can afford it and want a BMW, great, if not, one has plenty of great options for much less. Last edited by TheMaxXHD; 10-03-2022 at 09:37 AM.. |
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10-03-2022, 09:37 AM | #307 | |
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10-03-2022, 09:46 AM | #308 | |
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Some people will use this thread to understand if they can afford a BMW or not, and the answer is, we aren’t you, we can’t make that decision for you, even if we know everything. This forum is biased on the high performance car side and probably higher wages compared to the average person that doesn’t visit this forum looking for a car. I don’t know, why does it matter who makes what. Owning a BMW is about owning a BMW, we should be talking about that. Last edited by TheMaxXHD; 10-03-2022 at 09:57 AM.. |
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