[ResoKP]

Originally Posted by bimmette

Sorry, off-topic, but this is a pet-peeve of mine. The term is "I couldn't care less".
Thanks.

Hi Tara

[bimmette]

Originally Posted by ResoKP

Hi Tara

Hi

[mookie45]

Yes you can afford it but do you really want to put that much into a depreciating asset? I would go with a lease option and reassess in 3-4 years from now. Like many have said, save it for the house or retirement. Renting in a hot housing market means you're probably going to be paying more and more down the road and in the end you have nothing.

Take $10K and invest it in the stock market and use the other $10K for the 1st year's lease payments on the M. It is key to build equity for your future or at least have a plan. The earlier you start the better. I'm 28 and paid off my student debt at 25 and have now saved a good amount of money over the past 3 years. I'm looking to buy my first home next year.

[M3 Number 86]

Originally Posted by Flying Ace

why is 328 vs 335 even a debate? Seriously, what is there to debate on the performance aspect or any aspect of these two cars? Name one point of contention in the 328 camp.

what?!!?

335i is NOSE HEAVY - it can't turn.



lol

[SDH]

Only you can answer this surely

[M3 Number 86]

damn there's a lot of financially sound information in here.

I'm just car rich. That's how we koreans do it.

[jtodd_fl]

Originally Posted by bimmette

Sorry, off-topic, but this is a pet-peeve of mine. The term is "I couldn't care less".
Thanks.

Maybe he could care less and needs a little more self-confidence. What a brand whore wuss. Poor guy.

[Flying Ace]

Originally Posted by M3 Number 86

damn there's a lot of financially sound information in here.

I'm just car rich. That's how we koreans do it.

I thought you Koreans do it with bibimbap with bonchon on the side?

[M3 Number 86]

Originally Posted by Flying Ace

I thought you Koreans do it with bibimbap with bonchon on the side?

that's all you can only afford after because rice is cheap. mix that with cheap greens. LOL

[dreamingat30fps]

Originally Posted by fecurtis

OP, do not listen to this piece of advice. Buying new vs. buying used each have their pros and cons, but to say to never do x is pretty bad advice.

In fact, since you're in SF, I'd say buying a new BMW would make more sense. Free service and the warranty. Being in SF, you unlikely do not have the means, space, tools, etc to work on your own car.

Obviously this is from a financial point of view. If you are rich then buy new Ferrari for all I care. Obviously the OP in concerned with the financial aspect and say what you want, I've yet to hear a good financial reason to purchase new vs used/CPO car. Service and warranty is bs get a CPO car if you are concerned with that. You often end up with more warranty than if you had bought new.

The fact that you want to be the first one to fart in your car or you will only drive a green car with a blue interior or you don't want to look for a used car or you're afraid what someone MAY have done to the car before you or you have an addiction to new car smell are all valid reasons to buy a new car. That doesn't mean they are good financial reasons.

[dreamingat30fps]

Originally Posted by Flying Ace

why is 328 vs 335 even a debate? Seriously, what is there to debate on the performance aspect or any aspect of these two cars? Name one point of contention in the 328 camp.

I would take a similarly equipped 328 over a 335. Actually if I had a choice I would take a 128 over either. I just prefer the feel of a NA engine.

[EJT86]

Originally Posted by M3 Number 86

damn there's a lot of financially sound information in here.

I'm just car rich. That's how we koreans do it.

I'm 1/4 Korean and I don't have shit
What did my grandmother not teach me?

[Kidscollege$]

If you have enough money after you max out your 401k and your Roth IRA contributions and any other investments you feel necessary for your retirement then go for it. Otherwise, get some more monthly income.

[Flying Ace]

Originally Posted by EJT86

I'm 1/4 Korean and I don't have shit
What did my grandmother not teach me?

you must have a overbearing over-opinionated mother.

[EJT86]

Originally Posted by Flying Ace

you must have a overbearing over-opinionated mother.

Wrong side. my fathers side is korean

[Flying Ace]

Originally Posted by EJT86

Wrong side. my fathers side is korean

you must have a father who always appears angry, and is often found in smoky karaoke bars

[EJT86]

Originally Posted by Flying Ace

you must have a father who always appears angry, and is often found in smoky karaoke bars

Bullseye on the appears angry part

[zx10guy]

Originally Posted by SDH

Only you can answer this surely

[ResoKP]

Originally Posted by Kidscollege$

If you have enough money after you max out your 401k and your Roth IRA contributions and any other investments you feel necessary for your retirement then go for it. Otherwise, get some more monthly income.

Right on

Then once you get into investments, you never feel like you're investing enough

Because when you see that growth curve you can't help but tell yourself why you didn't invest even more!

I wish I was a trust fund baby so I don't have to worry about my retirement funds and just go buy the new R8 today

[csu87]

Originally Posted by dreamingat30fps

I would take a similarly equipped 328 over a 335. Actually if I had a choice I would take a 128 over either. I just prefer the feel of a NA engine.

Awe sheet I got one going jgoens

[Mr.SugarSkulls]

I'm surprised so many people here make over 130K and above!

Real talk, man- you only live once. Lease the car- don't buy. These cars are only as good as their warranties are worth anyways. Owning property isn't for everyone at such a young age , and I bought property before the luxury ride. (Bought in my early 20s, am now 28)

Imagine how pissed off you'd be dead knowing you died buying a home knowing damn well a car would make you happier right now? As long as the payment doesn't affect your way of living, & If driving the car will make you happier than owning a home for the next 2/3 years- then I say go for it.

[fecurtis]

Originally Posted by dreamingat30fps

Obviously this is from a financial point of view. If you are rich then buy new Ferrari for all I care. Obviously the OP in concerned with the financial aspect and say what you want, I've yet to hear a good financial reason to purchase new vs used/CPO car. Service and warranty is bs get a CPO car if you are concerned with that. You often end up with more warranty than if you had bought new.

The fact that you want to be the first one to fart in your car or you will only drive a green car with a blue interior or you don't want to look for a used car or you're afraid what someone MAY have done to the car before you or you have an addiction to new car smell are all valid reasons to buy a new car. That doesn't mean they are good financial reasons.

Want to buy a car based on sound financial advice? Buy a used Honda Civic or use public transit/car sharing services. Totally possible in San Francisco. If this were solely about sound financial advice then that'd be my advise but it's more than that. Clearly the OP and all of us like cars as a hobby so while money is important, since it's a hobby, we also take into account how much we'll enjoy it.

Buying a used car is a massive pain, especially for German cars if you're particular about options and colors. That said, if none of that is a big deal to him and having the latest and greatest software and features aren't an issue, then buying CPO isn't a bad idea depending on interest rates. Rates tend to be higher for used cars vs new so how much you're financing plays a big role too. If you're going to drive it until the wheels fall off then it doesn't really matter whether or not you buy used vs new.

Honestly OP, just lease the thing and keep that $40k in the bank. Have fun and enjoy life. Sure you can buy a fast car once you retire but you won't enjoy it nearly as much.

...I am assuming you have $40k in non-retirement accounts as well as additional funds in retirement accounts as well because seriously don't neglect that.