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





 

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      07-27-2010, 10:37 PM   #1
coldnate
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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
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Quote:
Originally Posted by coldnate View Post
Just curious who the youngest owner is who didn't get any help from parents/family/etc. 22 here.
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
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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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Last edited by MarkR171; 07-27-2010 at 11:33 PM..
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      07-28-2010, 12:25 AM   #4
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Bought mine at age 22. No co-signer.

I ordered while deployed to Iraq through military sales in October 2008.
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      07-28-2010, 12:32 AM   #5
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i was 20 when i leased mine with no co-signer. i'm now 21, and i made every payment myself.
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      07-28-2010, 03:07 AM   #6
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Just bought mine last week. 19. no cosigner. my down payment was the car my vw jetta my parents bought me. making payments myself thanks to select financing.
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      07-28-2010, 03:10 AM   #7
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22 here as well, looks like there are quite a few early 20's owners
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      07-28-2010, 03:17 AM   #8
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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, 07:53 AM   #9
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Why is leasing so popular?
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      07-28-2010, 11:19 AM   #10
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Quote:
Originally Posted by JB135MDCT View Post
Why is leasing so popular?
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, 11:59 AM   #11
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2010 128i  [0.00]
when I was 22 there was no 1er, so I got my 128 when I was 25 on my own no cosign, the e92 doesn't count, it's a company car.
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      07-28-2010, 12:01 PM   #12
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Quote:
Originally Posted by JB135MDCT View Post
Why is leasing so popular?
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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60 here.....do I win ????
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      07-28-2010, 02:16 PM   #14
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Quote:
Originally Posted by JB135MDCT View Post
Why is leasing so popular?
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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      07-28-2010, 02:36 PM   #15
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2009 135i  [4.13]
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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, 07:02 PM   #16
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19 here. No co sign, my own downpayment, leased, made all the payments so far.
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      07-28-2010, 10:39 PM   #17
JB135MDCT
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All theses young punks driving 1ers, makes feel even younger.

Thought about leasing, but rack a lot of miles.
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      07-28-2010, 11:11 PM   #18
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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
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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:
Originally Posted by BlackFlash View Post
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?
Na just a good profession at a young age. The car payment+ insurance doesn't even phase me, not to sound cocky. Probably could of gotten an m3 but didn't feel like blowing 1300 monthly on payments insurance etc...
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      07-29-2010, 01:55 AM   #21
coldnate
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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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Quote:
Originally Posted by coldnate View Post
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?
it may seem unbelievable but they did approve. i had an excellent credit score and quite a few things under my name. my down payment was my jetta which turned out to be almost 30% of the 135i. I work for a small import/export company out in aliso viejo, ca.
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