Originally Posted by bosstones
Generally, you're still in college and have $x in student debt with at least another full year (senior) to go for your undergrad degree. What is your desire for a BMW? How much credit card debt do you have? Are you responsible for paying your student loans back later?
I'm assuming you have some credit card debt since most college kids do. Likewise, I'm going to assume that you're paying your student loans back. $25/hr isn't that much. Even assuming that your parents float you spending money and such, your internship money + your current job doesn't get you too far and you'd be basically working for your car and tuition. You mention modding the 135i so how much additional discretionary income do you have or do you rely on your parents for?
I'd say either suck it up and keep the E46 or get rid of it and downgrade. You're in college. Instant gratification in the short term isn't going to help you get ahead once your out of school. Decide now how much debt you want to start your adult life with. Depending on your degree and such, the way the economy has been going, things may not be as easy as you hope upon graduation.
No credit card, so no debt there to be worrying about.
The modding thing was more of an after thought (for after graduation, I'm not a full retard haha).
I have a job secured for when I graduate as well, whether or not I take it or go for other firms potential offers is a different story. But making money after school is not a huge worry of mine. I'm an information science and technology major, I shouldn't have to worry much about getting a job.
As far as my student loans, half of it is on me.
Originally Posted by veloziROTHTOR
the m3 was my first real purchase (didn't have a job in college). saved up and paid it off ahead of schedule. of course everyone thought it was a splurge. now it saves me money (already have 1 garage queen, no space for a ferrari lol)
i think it's worth it if it's a car you really want and you're planning to drive it for a long time. man needs a good horse.
For sure, this is what I think I'd be able to do, but of course I can't plan to for everything to go to plan.