Originally Posted by cosmos515
I will preach for a bit and get off the soap box:
After reading this thread and a few others, I think some of you younger guys need to pass on the M3. The reason being is that if you buy a house now and save; with the release of the next great BMW you will be in a wonderful financial situation where you can buy anything you want, anyway you want with out having to finance for 84 months or leasing for 48.
+1, Way too many posts of people in here stretching their finances to the limit for a car. Not smart.
I guess that is California though, for alot of posters here. People more concerned with what they drive and appearances than making the financially smart decision.
I was renting a townhouse 2 years ago and really wanted to buy a car then. I understood that buying a house first was the better move, however unpopular that was with my car-wanting attitude. Now, two years later I can go after a car with a sizeable downpayment and be completely comfortable.