Help

GAMEgates · 11-28-2005, 07:19 PM

Gone...

Mikey3 · 11-28-2005, 07:41 PM

Many factors to take into account.

Do you have a stable income, enough for you purchase the car and a house I presume?

Are you willing to pay the rediculously high insurance rates?
Service fees are a long term consideration.

Do you listen to your parents?

Well, its good to see that you are the one who will be paying for this car and not your parents, so that is good to hear. I recommend however, you invest that money into a house for yourself (if you dont have one).

I know many people who buy things on impulse. Buying a car especially takes a lot of consideration. I'm sure brand spanking new e90 would be nice. But thats nothing if you dont have a garage to put it in.

All i can say in the end is. Do some planning. Crunch some numbers and look at the long term image.

Personally im holding off my e90 purchase until i get my apartment

(im still driving my e36)

Well, all the best to you. Good luck and i hope you seriously consider your future, especially at this point in your life.

noflash · 11-28-2005, 08:03 PM

No offense, but I doubt you'd get approved for the loan.

Enroutte · 11-28-2005, 08:05 PM

Maybe if you can put down a big down payment, then it won't cost so much.

That's what my parents did for my car.

hodaddy · 11-28-2005, 08:07 PM

There are payment estimators on the bmwusa website. Build your car & check it out. I quit trading cars a while back because dealers usually dont give you shit for a trade, I've always gotten a lot more selling a car outright. I personally wouldn't want a car payment that I couldn't earn in a day's work or less. That way you have the rest of the month to pay for your housing & other expenses. Don't be a slave to the car.

11-28-2005, 08:20 PM

Quote:

Originally Posted by hodaddy

There are payment estimators on the bmwusa website. Build your car & check it out. I quit trading cars a while back because dealers usually dont give you shit for a trade, I've always gotten a lot more selling a car outright. I personally wouldn't want a car payment that I couldn't earn in a day's work or less. That way you have the rest of the month to pay for your housing & other expenses. Don't be a slave to the car.

Sound advice.

GAMEgates · 11-28-2005, 08:52 PM

Thanks you guys, really appreciated the feedback

E90330i · 11-28-2005, 08:58 PM

I know you are talking of buying, but BMW has a really good lease deal going on for 24 monthes right now, check it out online @ BMW's website, the only thing is the down payment(4500$), but maybe try to see if your parents will pay the downpayment, if you pay the monthly payments.

Nikki · 11-28-2005, 09:00 PM

Don't trade in your car. They were going to give me $20k for mine and I sold it for $23k, and I could have sold it for more.

mds82 · 11-28-2005, 09:15 PM

i'm 23 now and have been saving since i was like 16 for a car. now i got a stable job, $40k a year so i can afford it. i'll have the whole car payed off in about a year.
As for you, it depends on a job, what you have now for expenses and also what you have coming up - School, an Apartement, moving somewhere else, etc. etc. I'd probalby save a bit more and wait till till you have enough $$ so you can afford what you really want. There are a lot of nice features, I-Drive, Sports pack, and Premium, and i waited a bit longer till i could afford those. The biggest mistake you can make is to rush into and not be happy in the end, especially after spending about $35G's for a car. Its going to hurt like a Bi*ch to wait but just do it.

wantmye90 · 11-28-2005, 09:16 PM

Get into the habit of paying yourself first. You have time on your side and that's like money in the bank, if only you pay yourself first. Before you buy, talk to a banker and ask him to plug 500 dollars a month at 8% for 60 months into a program. Then ask him what it'll grow to by the time you turn 50. You'll be shocked to see what that small an investment will turn into. Do you want that car now, or do you want to retire and do anything you want later? Do you want the golden egg or would you prefer the goose that laid it. Time is on your side. Don't waste it! You can't ever get it back again.

theclay · 11-28-2005, 11:31 PM

Quote:

Originally Posted by GAMEgates

My current situation, I live with my well established/selfish parents (Father has a 745li and Mother has a Z4 3.0) Starting JC in Jan. they're paying. My only expenses would be the payments which i already have $1200 saved for. Im dying to get out of my stock 03' Dakota(free) but at the same time im thinkin i should keep saving because those coupes and 328's are going to be FUEGO...

Here's the million dollar question........Do you have a job? You never mentioned that.

Plus, don't call your parents "selfish". They're still letting you live in their house and eat up their food aren't they? Just because mom and dad drive nice cars doesn't mean they should buy you one.

shimshimhada · 11-28-2005, 11:35 PM

Quote:

Originally Posted by GAMEgates

My current situation, I live with my well established/selfish parents (Father has a 745li and Mother has a Z4 3.0) Starting JC in Jan. they're paying. My only expenses would be the payments which i already have $1200 saved for. Im dying to get out of my stock 03' Dakota(free) but at the same time im thinkin i should keep saving because those coupes and 328's are going to be FUEGO...

lol, did you just call your parents selfish? OH NO YOU DIDN'T!

David328M-Sport · 11-28-2005, 11:47 PM

Quote:

Originally Posted by theclay

Plus, don't call your parents "selfish". They're still letting you live in their house and eat up their food aren't they? Just because mom and dad drive nice cars doesn't mean they should buy you one.

Well stated!!!

govtec · 11-29-2005, 12:04 AM

just bc ur parents have dough, doesn't mean u should go out and buy the best in the market. i am in the same situation as mds82. save the money and buy a used honda or toyota if u don't like ur 03 dakota. meanwhile pay yourself through college with some help from parents and feel the pain so u have a better understanding and appreciation of hard earned money. i hope ur helping ur parents with bills and expenses. i don't want to lecture u but i went through it and feels damn good with the end result after looking back with sacrifices i've done. even if ur parents offered to pay off for the entire car, i would turn it down for a reliable honda anyday at ur age.

shimshimhada · 11-29-2005, 12:06 AM

Quote:

Originally Posted by govtec

just bc ur parents have dough, doesn't mean u should go out and buy the best in the market. i am in the same situation as mds82. save the money and buy a used honda or toyota if u don't like ur 03 dakota. meanwhile pay yourself through college with some help from parents and feel the pain so u have a better understanding and appreciation of hard earned money. i hope ur helping ur parents with bills and expenses. i don't want to lecture u but i went through it and feels damn good with the end result after looking back with sacrifices i've done. even if ur parents offered to pay off for the entire car, i would turn it down for a reliable honda anyday at ur age.

If you were his age, would you REALLY?

ward · 11-29-2005, 12:32 AM

wow 1200 bucks,

that should make 2-3 payments for most of us here

you may just need to save a bit more

Enroutte · 11-29-2005, 02:03 AM

Quote:

Originally Posted by shimshimhada

If you were his age, would you REALLY?

YAH. Really???

yujini · 11-29-2005, 02:19 AM

Quote:

Originally Posted by hodaddy

Don't be a slave to the car.

I think I am a slave to the car.
I keep cleaning it, washing it, waxing it every week.
Gawd, I've never been so crazy about my beamer.
my car is GOD. k? :rocks:

it rained yesterday, and my car looks crappy with all the water marks all over the car. time to wash it again...

Ethirtynine · 11-29-2005, 02:29 AM

No offense but it seems like you are the selfish one, GAMEgates.

Quote:

Originally Posted by yujini

I think I am a slave to the car.
I keep cleaning it, washing it, waxing it every week.
Gawd, I've never been so crazy about my beamer.
my car is GOD. k? :rocks:

it rained yesterday, and my car looks crappy with all the water marks all over the car. time to wash it again...

I believe its spelled Bimmer but im not sure how they spell it in Korea

axie · 11-29-2005, 03:10 AM

I think we should mail this thread to his 'selfish' parents and maybe they'll kick the little sh*thead out onto the streets, where he can discover what it means to actually work for a living.

a.

shimshimhada · 11-29-2005, 07:36 AM

Quote:

Originally Posted by Ethirtynine

No offense but it seems like you are the selfish one, GAMEgates.

I believe its spelled Bimmer but im not sure how they spell it in Korea

There's only one way to spell it and Bimmer is it. I've never heard Korean people call it a Bimmer anyway, just BMW.

11-28-2005, 07:19 PM	#1
GAMEgates Second Lieutenant 35 Rep 216 Posts Drives: SpaceGray e92 335 Join Date: Nov 2005 Location: Palm Springs, CA iTrader: (0)	Help - Should I? Gone... Last edited by GAMEgates; 11-29-2005 at 10:29 AM.. Reason: Deliberation - Completed
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11-28-2005, 07:41 PM	#2
Mikey3 Private First Class 10 Rep 133 Posts Drives: e90..... soon.... Join Date: Sep 2005 Location: Australia - Perth iTrader: (0)	Many factors to take into account. Do you have a stable income, enough for you purchase the car and a house I presume? Are you willing to pay the rediculously high insurance rates? Service fees are a long term consideration. Do you listen to your parents? Well, its good to see that you are the one who will be paying for this car and not your parents, so that is good to hear. I recommend however, you invest that money into a house for yourself (if you dont have one). I know many people who buy things on impulse. Buying a car especially takes a lot of consideration. I'm sure brand spanking new e90 would be nice. But thats nothing if you dont have a garage to put it in. All i can say in the end is. Do some planning. Crunch some numbers and look at the long term image. Personally im holding off my e90 purchase until i get my apartment (im still driving my e36) Well, all the best to you. Good luck and i hope you seriously consider your future, especially at this point in your life. __________________ Tell me what you eat And I will tell you what you are.
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11-28-2005, 08:03 PM	#3
noflash Captain Caveman 148 Rep 1,715 Posts Drives: '06 325eyeyiyi Join Date: May 2005 Location: midwest iTrader: (0) Garage List 2006 325i [0.00]	No offense, but I doubt you'd get approved for the loan.
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11-28-2005, 08:05 PM	#4
Enroutte Private First Class 172 Rep 160 Posts Drives: ;D Join Date: Oct 2005 Location: Undecided. iTrader: (0)	Maybe if you can put down a big down payment, then it won't cost so much. That's what my parents did for my car.
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11-28-2005, 08:07 PM	#5
hodaddy New Member 0 Rep 15 Posts Drives: 2006 330i Join Date: Oct 2005 Location: Ormond Beach, Florida iTrader: (0)	There are payment estimators on the bmwusa website. Build your car & check it out. I quit trading cars a while back because dealers usually dont give you shit for a trade, I've always gotten a lot more selling a car outright. I personally wouldn't want a car payment that I couldn't earn in a day's work or less. That way you have the rest of the month to pay for your housing & other expenses. Don't be a slave to the car.
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11-28-2005, 08:52 PM	#7
GAMEgates Second Lieutenant 35 Rep 216 Posts Drives: SpaceGray e92 335 Join Date: Nov 2005 Location: Palm Springs, CA iTrader: (0)	Thanks you guys, really appreciated the feedback
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11-28-2005, 08:58 PM	#8
E90330i New Member 1 Rep 9 Posts Drives: 06 Deep Green 325i Join Date: Nov 2005 Location: Cincinnati when I'm home, Ohio University the rest of the time iTrader: (0)	I know you are talking of buying, but BMW has a really good lease deal going on for 24 monthes right now, check it out online @ BMW's website, the only thing is the down payment(4500$), but maybe try to see if your parents will pay the downpayment, if you pay the monthly payments.
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11-28-2005, 09:00 PM	#9
Nikki Major General 990 Rep 6,381 Posts Drives: Sepang Z4MC Join Date: Aug 2005 Location: LA iTrader: (9)	Don't trade in your car. They were going to give me $20k for mine and I sold it for $23k, and I could have sold it for more. __________________ Nikki
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11-28-2005, 09:15 PM	#10
mds82 Major General 364 Rep 5,842 Posts Drives: 2006 325xi Join Date: Aug 2005 Location: South Central Connecticut iTrader: (40) Garage List 2006 325xi Snow Pics [0.00] 2006 BMW 325xi [0.00]	i'm 23 now and have been saving since i was like 16 for a car. now i got a stable job, $40k a year so i can afford it. i'll have the whole car payed off in about a year. As for you, it depends on a job, what you have now for expenses and also what you have coming up - School, an Apartement, moving somewhere else, etc. etc. I'd probalby save a bit more and wait till till you have enough $$ so you can afford what you really want. There are a lot of nice features, I-Drive, Sports pack, and Premium, and i waited a bit longer till i could afford those. The biggest mistake you can make is to rush into and not be happy in the end, especially after spending about $35G's for a car. Its going to hurt like a Bi*ch to wait but just do it.
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11-28-2005, 09:16 PM	#11
wantmye90 Second Lieutenant 20 Rep 220 Posts Drives: 06 BMW 330 Join Date: Nov 2005 Location: In My Car! iTrader: (0)	Get into the habit of paying yourself first. You have time on your side and that's like money in the bank, if only you pay yourself first. Before you buy, talk to a banker and ask him to plug 500 dollars a month at 8% for 60 months into a program. Then ask him what it'll grow to by the time you turn 50. You'll be shocked to see what that small an investment will turn into. Do you want that car now, or do you want to retire and do anything you want later? Do you want the golden egg or would you prefer the goose that laid it. Time is on your side. Don't waste it! You can't ever get it back again.
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11-29-2005, 12:04 AM	#15
govtec Brigadier General 39 Rep 647 Posts Drives: 2006 325xi Join Date: Jul 2005 Location: Philadelphia, PA iTrader: (7)	just bc ur parents have dough, doesn't mean u should go out and buy the best in the market. i am in the same situation as mds82. save the money and buy a used honda or toyota if u don't like ur 03 dakota. meanwhile pay yourself through college with some help from parents and feel the pain so u have a better understanding and appreciation of hard earned money. i hope ur helping ur parents with bills and expenses. i don't want to lecture u but i went through it and feels damn good with the end result after looking back with sacrifices i've done. even if ur parents offered to pay off for the entire car, i would turn it down for a reliable honda anyday at ur age.
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11-29-2005, 12:32 AM	#17
ward Major General 155 Rep 6,158 Posts Drives: F Join Date: May 2005 Location: T iTrader: (0)	wow 1200 bucks, that should make 2-3 payments for most of us here you may just need to save a bit more
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11-29-2005, 03:10 AM	#21
axie New Member 0 Rep 11 Posts Drives: 325 SE Join Date: Nov 2005 Location: UK iTrader: (0)	Unbelievable I think we should mail this thread to his 'selfish' parents and maybe they'll kick the little sh*thead out onto the streets, where he can discover what it means to actually work for a living. a.
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