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      04-13-2013, 04:23 PM   #35
davesaddiction
is fast cars
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Drives: '08 E90 M3 6MT SSII BPM Stg II
Join Date: May 2012
Location: Tulsa

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Sorry for your loss, first of all.

Life is meant to be lived, but some decisions you make now can really screw things up for you down the line.

Cars are depreciating assets, and you need to consider the lost opportunity cost of not investing the money you'd spend on the car.

Before I bought my M3 (used), I had a nice house, a big chunk built up for retirement + 20% of salary going there, life insurance & 529s set up for our kids, and my wife already in a nice mom-mobile (the family stuff doesn't apply to you yet, obviously).

Getting an '08 with a good insurance option from USAA sounds like something you could manage pretty easily, just make sure you're also set up well for the future.

Here's some advice on this I saw recently:

- Put down at least 20%
- Finance the vehicle for no more than four years
- Keep total monthly vehicle expense - including principal, interest, and insurance - under 10% of gross income

Cars like these are meant to be enjoyed; make sure there's no way you'll end up regretting the purchase.

Best of luck on your decision.
__________________
Daddy's Rocket Sled! _
Clarkson: "It is... pretty much perfect... Why don't I have one of these cars?"
Harris: "The saloon is definitely the M3 of choice."