BMW 1 Series Coupe Forum / 1 Series Convertible Forum (1M / tii / 135i / 128i / Coupe / Cabrio / Hatchback) (BMW E82 E88 128i 130i 135i)
 





 

View Poll Results: What's your annual income?
under 30k 29 8.01%
30k-40k 22 6.08%
40k-50k 27 7.46%
50k-60k 27 7.46%
60k-70k 38 10.50%
70k-80k 41 11.33%
80k-100k 50 13.81%
100k-150k 66 18.23%
150k-250k 33 9.12%
over 250k 29 8.01%
Voters: 362. You may not vote on this poll

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      11-16-2007, 10:51 AM   #221
ibeam81
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Quote:
Originally Posted by MrRoboto View Post
Since when is a car considered an investment? Unluess its a vintage Ferrari.
Obviously buying a car is not an investment, but just as obviously it does impact on your finances and thus your ability to invest (or not).

However since finances tend to be unique to the individual and the advice here is at best general in nature, there's a disconnect. So I'll just say "Caveat Empor" and leave it at that.
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      11-16-2007, 11:12 AM   #222
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Quote:
Originally Posted by MrRoboto View Post
Since when is a car considered an investment? Unluess its a vintage Ferrari.
That is exactly why I put " " around investment. I don't consider a car to be an investment either. But, I believe some refer to them this way.
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      11-16-2007, 12:57 PM   #223
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Quote:
Originally Posted by FTD View Post
That is exactly why I put " " around investment. I don't consider a car to be an investment either. But, I believe some refer to them this way.
My bad. Missed the ""
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      11-17-2007, 12:23 AM   #224
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I'm looking at the 1 as it's the smallest, fastest car out there that has a premium label, and has a backseat so I can use it in a pinch.
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      11-17-2007, 09:21 AM   #225
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Quote:
Originally Posted by ibeam81 View Post
Obviously buying a car is not an investment, but just as obviously it does impact on your finances and thus your ability to invest (or not).
A car is an investment regardless of the fact that most depreciate. As you mention, its impact on your finances is no different from anything else.
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      11-17-2007, 10:00 AM   #226
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Quote:
Originally Posted by kamakazitp View Post
you forgot to look at it from the plus side. lets say you already have the money for a 2k tv. 0% financing deals are great in that they allow you to dump your cash into a money market account and earn interest while you make your payments. you pay the same amount as if you just paid cash upfront.

this is what I did with my rear projection TV 4 years ago. I had the cash, but they had a 24-month 0% financing deal if I got a circuit city card. canceled the card after the TV was delivered and I let my cash earn some interest over the next 2 years.

anyone dogging on 0% financing plans needs to find something else to worry about. used properly, they can be a smart move. they are just hoping once you get the card, you'll go back and buy tons of other shit on the regular insane interest rates. if you don't, you win.
$4k invested in a high risk, 24 month, no-load fund, yielded how much ...?

Just curious!
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      11-17-2007, 10:29 AM   #227
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Quote:
Originally Posted by flyinggonzo View Post
I'm looking at the 1 as it's the smallest, fastest car out there that has a premium label, and has a backseat so I can use it in a pinch.


Seriously... all the "OMG this car is overweight!" comments kinda sting, because the 128i is only about 125lbs heavier than my Z4, and it has a backseat!

Still one of the best handlers out there though... :biggrin:
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      11-17-2007, 10:30 AM   #228
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I'm just a jet mechanic in the airforce. I buy my cars soly on there tuning potental and cost effectivness as aa tuning platform. I'm saving up 10k while overseas to get myself somthing nice when I get home.

but you all can give me a pay raise. write your congress man today!
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      11-17-2007, 01:07 PM   #229
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Quote:
Originally Posted by MPower View Post
A car is an investment regardless of the fact that most depreciate. As you mention, its impact on your finances is no different from anything else.
I would argue that a car is more of an asset than an investment, since an investment is bought with the expectation of profit. But no matter, the main point is that a car has an impact on one's finances and ability to invest in other things.

In the end though it's your money and your life, so the decision is up to the individual. I do have to add that today's actions can have negative impacts on one's future, which can then negatively impact others and that can be a cause for concern.
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      11-17-2007, 04:14 PM   #230
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Quote:
Originally Posted by MPower View Post
A car is an investment regardless of the fact that most depreciate. As you mention, its impact on your finances is no different from anything else.
"Investment - the investing of money or capital in order to gain profitable returns, as interest, income, or appreciation in value."

A car is not an investment, a depreciating asset yes, an investment no.
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      11-17-2007, 05:34 PM   #231
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Quote:
Originally Posted by MPower View Post
A car is an investment regardless of the fact that most depreciate. As you mention, its impact on your finances is no different from anything else.
An INVESTMENT is something you commit capital for with the intention of reaping a financial gain.

A new car is never an INVESTMENT.

It's an EXPENSE (lease) or a DEPRECIATING ASSET (buy).
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      11-17-2007, 05:37 PM   #232
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Quote:
Originally Posted by flyinggonzo View Post
I'm looking at the 1 as it's the smallest, fastest car out there that has a premium label, and has a backseat so I can use it in a pinch.
Why not just buy a BMW label and put it on a hopped up Honda, since the "label" is so important.
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      11-17-2007, 08:55 PM   #233
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This thread is hilarious. No wonder consumer debt levels are so high.
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      07-15-2008, 11:35 AM   #234
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No offense, I can afford the car, but do not look down on those who spend over a certain % of their gross income on a car. Here are the facts:
We are born on this earth and are all going to die someday from something. Life is definately a bitch to understand more often than not, so if there is anything that you can do to make each day on this hellhole a little bit better then do it. Whether that be buying a motorcycle or a car that people say you can't afford, to getting drunk every night an being an alcoholic.
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      07-15-2008, 11:57 AM   #235
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I looked at buying a 135i. I can afford it no problem with my mortgage too. After he told me it would be for 74-84 months to pay off the 135i, I told him to thanks. I will drive my Honda that is paid off.
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      07-15-2008, 12:46 PM   #236
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Ohh boy, i guess I was late with this party, i guess i was busy sweating at my hedges, shorts and bets. Whewww, troublesome econonomy...up and down, down and down,and then down again, i only have little time to contribute. Income, disposable, gross or what not. Amazing indeed, economics is not just plain math or percentages, it has evolved into factoring lifestyles,desires,wants and how to fund these. Affordability is subjective indeed. Others consider this thread hilarious..i agree but the threads merits, even assuming it is skewed are something to look at. Some may argue on the moral grounds, some would preach, some will curse but the real contribution of this forum and the thread is that it gives us a snapshot of who can and will buy a 33K and 43K car. Aside from that, i think it can serve also as a reflective moment for those who really want it and those who wants and can afford it. Now I am preaching, flame away if you want. Let us reflect on the question, is this a car that i can afford? What is my intent in buying it? What are the qualities that this car has that i am willing and be able to afford it. What does it satisfy that i am willing to pay for it. Will I take a sacrifice just to be able to get this car? Ok, i am off topic/thread now but i cant answer the survey question. It all depends on how much i will take as winnings on my hedges. Lets just say i am buying the 135 because it is a fun performance car,has a little novelty associated with it, has a connection to history,good looks, and not so expensive for what you are getting (this is relative). Till next...happy trails
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      07-15-2008, 01:24 PM   #237
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Well it's good that this was resurrected, lots of new members/owners. :thumbup:
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      07-15-2008, 03:59 PM   #238
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Quote:
Originally Posted by PDZ01 View Post
Hey all. I live in NJ and my family income is in the 150K + range. To me if you have kids and a mortgage and pay NJ property taxes 40K for a car is about as much as you should consider. How much fun can a car be if it becomes a financial burden. If you live at home with the folks than 50K would work out. That's my opinion. Also I've had a few 3 series and this car is just too good to pass up on.
I live in NJ too - A friggin condo is $450k around me. I only wish I lived in 'the middle', where you can find a place for $100k. I'd have the 135i with options then and my car payment and my mortgage might be closer to being the same.

Net-net - no one on this forum is in a position to criticize anyone's decisions. (Except mine, to live in NJ)
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      07-15-2008, 05:52 PM   #239
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Coming up from a Civic here. But this is long overdue! I've just been waiting for the right car- a Mini Cooper-S was in my sights, but then I found out about the 135!!!

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      07-15-2008, 07:41 PM   #240
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Well it seems although i've been a member of this forum for months, I somehow missed this thread. It all seems very interesting to me.
Many members do know that yes Heinzftw is a bagger at the local grocery store. (pun intended) But, fact of the matter is that being a bagger for me is just a stepping stone while in the retail business. Next position in line for me is checker that is around $10/hr. I am now about to start college and have been keeping myself busy by working 2 jobs for around 60+ hours a week. And, a matter of fact yes, I could afford a 1 series. But, that isn't financially feasable right now for me. Right now, I am putting 40% savings 20% checking 20% pocket, and the big one 20% into 401k. So being nearly 18 years old, what is everyone's best advice for me? :smile:
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saw you comment and i'd lay on my bed and cry, then i put some Yulio Iglesias music, no more problem.


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