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07-27-2010, 10:37 PM | #1 |
Private
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Drives: 2011 BMW 128i
Join Date: Jul 2010
Location: Valencia, CA
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Youngest 1-series buyer?
Just curious who the youngest owner is who didn't get any help from parents/family/etc. 22 here.
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07-27-2010, 11:09 PM | #2 |
I'm just a cook
26
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Boy, Anybody can buy a car with a credit card they got in college. Who's the youngest buyer that paid cash from money they earned from a job they got on there own, and so on. Lucky stock and Poker winnings don't count.
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07-27-2010, 11:21 PM | #3 |
Lieutenant Colonel
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Drives: '19 M2C | '20 100AE ND2
Join Date: Dec 2009
Location: Phx, AZ
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Leasing count?
If so, I doubt I'm the youngest but I'm also 22. Got the job on my own, built up credit and got approved at highest teir. Though I should say, credit skyrocketed because my father was willing to co-sign on my previous lease. Paid completely by me, he just co-signed for credit since I had a short history at 19.
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2019 M2C - Alpine White - 6MT
2023 Supra 6MT - Deposit and Wait Last edited by MarkR171; 07-27-2010 at 11:33 PM.. |
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07-28-2010, 03:17 AM | #8 |
Private
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Drives: 2011 BMW 128i
Join Date: Jul 2010
Location: Valencia, CA
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damn more youngins than i thought. i was gonna say i love it when people think mom and dad bought me my car. it's that much more satisfying that i didn't need help.
p.s. goeslikeschnell - i've never heard of BMW Financial approving baby credit for a balloon. i don't mean to call bullshit, but what do you do for a living that they would approve that? |
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07-28-2010, 11:19 AM | #10 |
Captain
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you buy it, ride it, then dump it, without ending up hanving to pay the expensive maintenance.
just like an expensive prostitute. then you get another one i like new things
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07-28-2010, 12:01 PM | #12 |
Private First Class
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it's popular for many reasons.
First, the main reason I would always lease a BMW is that they support their leases with residuals that are a bit aggressive and money factors (interest rates) that are pretty low. High residuals and low interest is a perfect recipe for a low payment. Second, with leasing you know the entire capital outlay on day one. There are no variables... Lets say your car gets in an accident and there is $14,000 worth of damage. With a lease, insurance fixes it, I drive it for the remainder of my contract, and I move on. BMW is now stuck with a car that they are unable to certify, that has an accident on the carfax. They take the beating on the car. I walk away with a new car. If the same thing happens while owning the car, you are stuck holding the bag on a car that just lost thousands in resale value. Lastly, cars depriciate in value. I would prefer to have my cash earning a rate of return instead of being invested in something that is guaranteed to lose money. Leasing isn't for everyone, but for me it's a no brainer. The $450 a month I pay does not change my lifesytyle. It affords me the luxury of always driving a new car, in warranty. |
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07-28-2010, 12:13 PM | #13 |
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Drives: 2008 135i SGM MT
Join Date: Nov 2007
Location: Finksburg, Maryland
iTrader: (0)
Garage List 1995 Acura Integra SE [0.00]
2008 BMW 135i [0.00] 2006 Porsche Cayman S [0.00] 1999 Toyota 4-Runner [0.00] |
60 here.....do I win ????
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2008 135i SGM |
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07-28-2010, 02:16 PM | #14 |
Lieutenant Colonel
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Drives: '19 M2C | '20 100AE ND2
Join Date: Dec 2009
Location: Phx, AZ
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To me, buying a new BMW isn't worth it. You will end up losing more money buying a BMW and selling it after 3 years than if you were to lease for 3 years and return it. If I were to buy a car, it would be a CPO. Leasing is headache free, always in warranty, no worries about resale, etc.
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2019 M2C - Alpine White - 6MT
2023 Supra 6MT - Deposit and Wait |
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07-28-2010, 02:36 PM | #15 |
aka 1013MM
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21 at the time, down payment myself, no co-sign, was a recent graduate at the time got the student discount thing or whatever that was. still paying off monthly.
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07-28-2010, 11:11 PM | #18 |
poseur (for now)
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Young people with their first real job and no financial obligations... They are just more willing to take on a lot of debt than people a bit older who are thinking about starting a family and retiring at some point
Not sure how everyone is doing it at 19 without a pretty wealthy upbringing. Don't most people go into debt during post secondary education? |
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07-28-2010, 11:19 PM | #19 |
Resident Kerbalnaut
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17 when I picked the car up...19 now. I needed a cosigner but i put the downpayment on the car and I'm making most of the payments
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07-29-2010, 12:22 AM | #20 | |
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Quote:
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07-29-2010, 01:55 AM | #21 |
Private
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Drives: 2011 BMW 128i
Join Date: Jul 2010
Location: Valencia, CA
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oh god it turned into a dick swinging contest.
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07-29-2010, 02:08 AM | #22 | |
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