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      11-06-2011, 08:29 PM   #29
FrankThomas
Formerly Known As ftconstruct
 
Drives: 13 E92 M3
Join Date: Dec 2007
Location: New York

Posts: 665
iTrader: (14)

It seems like you will be able to make the payments but the proportion of car payment to income doesn't make the most sense. If you purchase a new M3 at around $65K, and finance it doing BMW select with a $10k down payment, your monthly payment will be roughly $700-$750 and then after 60 months, you will still owe about $25k on the car. keep in mind the $65K car is over $70k after tax and gas guzzler

Did you consider purchasing a used M3 and put down a decent down payment? Your monthly payment will still be high but at least you won't have the lump payment at the end.

Good Luck!
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