Evaluate my financial situation, should I sell/keep my 335?

MediaArtist · 04-22-2010, 12:24 PM

Everything is provided for you? I'd dump the 335i and lease a Gallardo.

xg3 · 04-23-2010, 03:28 PM

OP,

I am just like you, mid 20s (low end of it).. Always loved cars..
My last car was a Mazda, when i got promoted, i got a Z4 but a 2003.

Cheap and fun....

Is not until now, i realize cars are only as fun as you can afford it.. I can go buy a 335i tomorrow, but no way in hell i am giving up disposable cash that i can spend on vacations, photography, starting a small business.. and much more..

There is simply a lot more in life than the 4 wheels...

JayKay335i · 04-23-2010, 06:07 PM

If you have to work your ass off to pay for a car while at school, you're life isn't very fun. Go out and get laid.

graider · 04-23-2010, 11:33 PM

get a used accord or something for 5k. then drive that until you are in better financial situation.

jopa489 · 04-23-2010, 11:45 PM

Quote:

Originally Posted by mtla4

You only live once not twice so keep it. Theres are two ways to look at it...either you cut expenses or make more money. I'm all about the second option.

I like this logic.

Blake · 04-24-2010, 12:23 AM

Quote:

Originally Posted by TK-421

are you kidding? everyone on car forums is an expert in everything... seems like the perfect place for advice of any kind

Idiot savants

Saintor · 04-24-2010, 11:43 AM

I can't believe that kids get cars so above their means. Not brillant, *far from it*.

I suggest that you find a 8K$ E46 325/330 and a trusty mechanic. The M3 is out of question.

TiAg335i · 04-24-2010, 02:28 PM

IMO you need to get rid of the 335i...focus on school/graduate program or whatever you need to do, then when you settle down...get the car you want.

blue2fire · 04-24-2010, 03:11 PM

Why did you pay for the car?

You should have had your parents do it instead of borrowing for a car. Bet the loan has crap terms.

But since you already have the car, getting rid of it now will only put you underwater with no transportation. Plus, a 335i is worth about the same as used underwear due to all the leases being flogged off. End result, you really wont save anything. Whats done is done, you learned your lesson and will put in to good use in coming years.

BMW F22 · 04-24-2010, 03:18 PM

Quote:

Originally Posted by blue2fire

Why did you pay for the car?

You should have had your parents do it instead of borrowing for a car. Bet the loan has crap terms.

But since you already have the car, getting rid of it now will only put you underwater with no transportation. Plus, a 335i is worth about the same as used underwear due to all the leases being flogged off. End result, you really wont save anything. Whats done is done, you learned your lesson and will put in to good use in coming years.

That's what I was thinking too. If he was to sell the 335i or whatever, he wouldn't save that much in monthly payments. If anything the interest on a used car would be higher than a new car thus making it a moot point. Like I said, if you're not struggling to make payments then you're not in a "situation". It's true that you only make about $24k a year but with no rent/mortgage to pay it's the same as someone making $50k+ a year.

blue2fire · 04-24-2010, 03:19 PM

BTW, the thing about not tolerating a Civic: You should try it first.

My sister was going to be given an SLK or similar last year but that changed when she ran my mothers car into a house. End result, more training and a 2009 Civic coupé and it is quite nice.

MediaArtist · 04-25-2010, 11:35 AM

Quote:

Originally Posted by BMW E90

It's true that you only make about $24k a year but with no rent/mortgage to pay it's the same as someone making $50k+ a year.

Someone who makes $50,000 a year shouldn't be buying a 335i.

MediaArtist · 04-25-2010, 12:06 PM

I still think the OP should lease a Gallardo.

MrRoboto · 04-25-2010, 12:39 PM

Quote:

Originally Posted by Saintor

I can't believe that kids get cars so above their means. Not brillant, *far from it*.

I suggest that you find a 8K$ E46 325/330 and a trusty mechanic. The M3 is out of question.

Agree. Their are lots of children driving expensive cars these days.

mtla4 · 04-25-2010, 03:04 PM

Quote:

Originally Posted by MediaArtist

Someone who makes $50,000 a year shouldn't be buying a 335i.

Why not depends on a lot of factors...house paid, spouse working etc etc

BMW F22 · 04-25-2010, 03:34 PM

Quote:

Originally Posted by MediaArtist

Someone who makes $50,000 a year shouldn't be buying a 335i.

Quote:

Originally Posted by mtla4

Why not depends on a lot of factors...house paid, spouse working etc etc

I was gonna say that it depends too. I don't know where the idea that if you make so and so you shouldn't buy this and that came from. It's like people that shop at Costco. You would think that people that shop there don't make much money (due to the cheaper prices) yet the majority of them are middle-class citizens. It's all relative.

josephr25 · 04-25-2010, 03:43 PM

Quote:

Originally Posted by MediaArtist

I still think the OP should lease a Gallardo.

He should ask for a JB+ or whatever instead; like many people on here it makes their car faster than anything else

cotenseto · 04-25-2010, 07:11 PM

You live in NY and are going to go to SUNY

You need something that can handle snow

You don't want to step back into Japanese brands

What about a nice, used, low mile R32 like this one?

http://cgi.ebay.com/ebaymotors/Volks...item2eac508348

04-22-2010, 12:24 PM	#45
MediaArtist There is No Substitute 77 Rep 1,186 Posts Drives: Audi A6, 997 GT3 RS, E90 335i Join Date: Apr 2010 Location: Laguna Beach, CA iTrader: (0)	Everything is provided for you? I'd dump the 335i and lease a Gallardo. __________________ '13 Audi A6 '07 Porsche GT3 RS '08 BMW E90 335i
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04-23-2010, 03:28 PM	#46
xg3 Private First Class 7 Rep 145 Posts Drives: Was 03 Z4, now 10 GTI Join Date: May 2008 Location: Toronto iTrader: (0)	OP, I am just like you, mid 20s (low end of it).. Always loved cars.. My last car was a Mazda, when i got promoted, i got a Z4 but a 2003. Cheap and fun.... Is not until now, i realize cars are only as fun as you can afford it.. I can go buy a 335i tomorrow, but no way in hell i am giving up disposable cash that i can spend on vacations, photography, starting a small business.. and much more.. There is simply a lot more in life than the 4 wheels...
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04-23-2010, 06:07 PM	#47
JayKay335i Banned 198 Rep 5,046 Posts Drives: ///M323 DCT Join Date: Apr 2009 Location: North Dakota; its best DUHHHHHH iTrader: (1)	If you have to work your ass off to pay for a car while at school, you're life isn't very fun. Go out and get laid.
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04-23-2010, 11:33 PM	#48
graider Colonel 35 Rep 2,406 Posts Drives: py/kiwi e46 m3 Join Date: Aug 2007 Location: toronto iTrader: (0)	get a used accord or something for 5k. then drive that until you are in better financial situation.
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04-24-2010, 11:43 AM	#51
Saintor Banned 89 Rep 2,446 Posts Drives: E90 Join Date: Sep 2005 Location: MTL, Canada iTrader: (1)	I can't believe that kids get cars so above their means. Not brillant, far from it. I suggest that you find a 8K$ E46 325/330 and a trusty mechanic. The M3 is out of question.
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04-24-2010, 02:28 PM	#52
TiAg335i Trance Life 334 Rep 4,706 Posts Drives: 2007 E92 335i Join Date: Jan 2007 Location: Long Island, NY iTrader: (4)	IMO you need to get rid of the 335i...focus on school/graduate program or whatever you need to do, then when you settle down...get the car you want.
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04-25-2010, 12:06 PM	#57
MediaArtist There is No Substitute 77 Rep 1,186 Posts Drives: Audi A6, 997 GT3 RS, E90 335i Join Date: Apr 2010 Location: Laguna Beach, CA iTrader: (0)	I still think the OP should lease a Gallardo. __________________ '13 Audi A6 '07 Porsche GT3 RS '08 BMW E90 335i
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04-25-2010, 07:11 PM	#62
cotenseto Private First Class 2 Rep 117 Posts Drives: B6 S4 Join Date: Jul 2009 Location: Greater Philadelphia iTrader: (0)	You live in NY and are going to go to SUNY You need something that can handle snow You don't want to step back into Japanese brands What about a nice, used, low mile R32 like this one? http://cgi.ebay.com/ebaymotors/Volks...item2eac508348 __________________ 05 S4 4.2 6 spd 07 A3 3.2 - Wifey's
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