BMW M3 Forum (E90 E92)

BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   M3Post - BMW M3 Forum > M3 (E90 / E92 / E93) > General M3 Forum (E90 + E92 + E93)
 
Velos Designwerks
Post Reply
 
Thread Tools Search this Thread
      02-12-2013, 08:57 AM   #1
thejamesg
Registered
 
Drives: Nothin
Join Date: Feb 2013
Location: Nothing

Posts: 3
iTrader: (0)

What's your opinion?

Hey everyone. I'm a recent graduate and working in Montreal,QB, Canada. As you probably know... Cars in Canada are a bit more expensive than over in the states.

I'm in the market for a new car and I'm a big enthusiast for sports cars. I'm having trouble making a decision.

I can get a slightly used 2011 M3 for about 63k in Montreal... And while that's not terrible...I'm really worried about the gas. I don't want to be paying over 1000 bucks on gas a month... More than my car payment... Which really is holding me back... Because I can get a 2011 335 for around 50k...

So I guess what I'm asking... Is if I'm thinking about this cost... Should I not be considering the car at all? Is this car not for me... Am I stretching my financial boundaries if I'm thinking about this?

Thanks guys
thejamesg is offline  
0
Reply With Quote
      02-12-2013, 09:00 AM   #2
Ghetto2315
Major
 
Drives: Like I Stole It...
Join Date: Feb 2012
Location: The REAL Jersey Shore

Posts: 1,224
iTrader: (1)

Garage List
You're going to get 2 kinds of responses. 1 from the crew saying that if you're thinking about gas prices and fuel consumption and the costs associated, then this isn't the car for you. The other half will say if it's ultimately what you want, then always go for it.

To me, if you can't afford the fuel costs then don't get the M3. How old are you, 22? You've got PLENTY of time to get an M3 down the road when you are more financially stable.
Ghetto2315 is offline   United_States
0
Reply With Quote
      02-12-2013, 09:07 AM   #3
thejamesg
Registered
 
Drives: Nothin
Join Date: Feb 2013
Location: Nothing

Posts: 3
iTrader: (0)

My worry about the 335 is that it's less reliable than the v8 in the m3 and since im buying used that makes a difference in my eyes. Also- I'm worried that if I drive a 335 I will always beat myself for not picking up the extra gas costs and driving around in an M
thejamesg is offline  
0
Reply With Quote
      02-12-2013, 09:08 AM   #4
luis_m3
Low Pro...
 
Drives: 2011 E90 AW
Join Date: Dec 2010
Location: Arizona

Posts: 965
iTrader: (0)

Gas is really going to hurt your wallet with an M3.
335i is the way to go.
luis_m3 is offline   United_States
0
Reply With Quote
      02-12-2013, 09:19 AM   #5
Gkap
BMF Movement
 
Gkap's Avatar
 
Drives: Women Crazy
Join Date: Jul 2010
Location: GTA

Posts: 3,010
iTrader: (1)

Bring the car in from the US.
Gkap is offline   Canada
0
Reply With Quote
      02-12-2013, 09:22 AM   #6
Curt2000
Colonel
 
Curt2000's Avatar
 
Drives: '13 ///M3
Join Date: Jun 2007
Location: Sin City

Posts: 2,342
iTrader: (21)

2011 335i with tune, DP, and FMIC will be just as fast as a stock M3 on the streets and it will get close to 30MPG on the highway. The 335i was my first car out of college and I loved it! In fact I loved it so much I bought a CPO one a few months ago and plan on keeping it even after my M3 arrives.
__________________

Current Car: '13 SANTORINI BLUE E92///M3--6MT/Speed Cloth/ZCP (ED Thread)
Former Cars:'10 E90 335i MSport / '07 Interlagos ///M5 / '09 135i / '10 E93 335i
Instagram: @C2KMotorsports
Curt2000 is offline   United_States
0
Reply With Quote
      02-12-2013, 09:23 AM   #7
catherinelam
Captain
 
Drives: '14 435xi M Sport
Join Date: Sep 2012
Location: Montreal

Posts: 867
iTrader: (1)

welcome to montreal!!! 91 octane is about 1.50 per litre today! it won't be cheap.
maybe consider an older year m3? like a 2008? i'm sure there's a few clean ones. if you have to stress about car payment, maybe then its not such a good idea.
catherinelam is offline   Canada
0
Reply With Quote
      02-12-2013, 09:31 AM   #8
MSPORTWORLD
Major
 
MSPORTWORLD's Avatar
 
Drives: '11 M3 MW/FR - '12 M3 FO/SC
Join Date: Dec 2008
Location: Texas

Posts: 1,155
iTrader: (2)

Garage List
Get an M3 and you won't look back on your decision
__________________
MSPORTWORLD is offline   United_States
0
Reply With Quote
      02-12-2013, 09:40 AM   #9
W///
Brigadier General
 
W///'s Avatar
 
Drives: 2008 E92 M3/1999 E36 M3 Coupe
Join Date: Sep 2011
Location: SC

Posts: 4,264
iTrader: (11)

Gas prices are the least of your worries on an M3
__________________
2008 E92 M3: Sparkling Graphite | Bamboo Beige | 6MT | CF Roof | HRE | Eisenmann | BPM Sport | Swift | Arkym | Mode Carbon | M.Perf
W/// is offline  
0
Reply With Quote
      02-12-2013, 10:14 AM   #10
bga23
Dirty old man
 
Drives: 2011.99 E90 Alpine White
Join Date: Jun 2012
Location: Yeah, but it is a dry heat

Posts: 408
iTrader: (0)

Go with the 335i now, you have plenty of time in the future to get an M3.

Big car payment + large gas expense isn't a great idea for a 22 yo, unless mom and dad are still paying your bills...
__________________
2012 Ford Raptor
2011 AW E90
bga23 is offline  
0
Reply With Quote
      02-12-2013, 10:19 AM   #11
davesaddiction
is fast cars
 
davesaddiction's Avatar
 
Drives: '08 E90 M3 6MT SSII/Silver
Join Date: May 2012
Location: Tulsa

Posts: 1,429
iTrader: (0)

First thought was, at your age, I'd probably get a BRZ, have fun modding it, and start saving for a house, an M3, the future, etc.

I don't know your situation, though. If you're making enough and have enough in savings to cover the cost of running and maintaining an M3, you'll love it and won't regret it. If you just have enough to buy the car and will be scraping by otherwise, a car like this has the potential to really screw up your financial situation.
__________________
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."
davesaddiction is offline   United_States
0
Reply With Quote
      02-12-2013, 10:22 AM   #12
M3forMe
M3 Dreamin'
 
M3forMe's Avatar
 
Drives: 13 E92 - AW
Join Date: Oct 2012
Location: Orange

Posts: 531
iTrader: (0)

Quote:
Originally Posted by thejamesg View Post
My worry about the 335 is that it's less reliable than the v8 in the m3 and since im buying used that makes a difference in my eyes. Also- I'm worried that if I drive a 335 I will always beat myself for not picking up the extra gas costs and driving around in an M
Or you could look at like this. Since you are buying used chances are the guy selling the M drove the shit out of it and the grandma selling the 335 babied it.
__________________

2013 AW/BLK - DCT, Comp/Cold/Prem
Mods - IND Beauty kit, CF Roundels, CF Splitters, AiB Angel Eyes, EAS Exhaust Tips! B&G lowering springs
M3forMe is offline   United_States
0
Reply With Quote
      02-12-2013, 10:31 AM   #13
Robmaster
Colonel
 
Robmaster's Avatar
 
Drives: 2009 MR E92 M3, E39 523i (DD)
Join Date: Apr 2007
Location: Switzerland

Posts: 2,683
iTrader: (3)

Quote:
Originally Posted by catherinelam View Post
welcome to montreal!!! 91 octane is about 1.50 per litre today! it won't be cheap.

be happy you dont live here in Switzerland.... 91 octan is about 1.64 per litre here!!

but i have a daily driver (E39 523i) so it doesnt care me...
Robmaster is offline   Switzerland
0
Reply With Quote
      02-12-2013, 10:40 AM   #14
Mmmdreamer
Lieutenant
 
Mmmdreamer's Avatar
 
Drives: 08 e90 M3 Jet Black
Join Date: Oct 2011
Location: Jersey City

Posts: 535
iTrader: (1)

Why not go with slightly older M3 to save some money there? Just get the newer nav and LCI tail lights...I think those were 2009 or 2010?

For me, if you have your heart set on the M...why settle =)

Then again, I only use my M for weekend driving so it's not a DD for me...so I don't even pay attention to how much gas I'm using.
__________________
[08 e90 M3. Jet Black/Black. Dinan Rear Exhaust. ACM Test Pipes. ESS Tune. Eibach Pro-Kit + e36 bumpstops. 18x10 Apex Arc-8. AA Air Filter. RPI Scoops. CREE Angel Eyes. OEM Blacklines. Black Reflectors. Gloss Black Grills. Matte Black Gills. ZCP Shift Knob]
Mmmdreamer is online now   United_States
0
Reply With Quote
      02-12-2013, 11:13 AM   #15
j2m
Colonel
 
j2m's Avatar
 
Drives: '11 E92 M3 DCT
Join Date: Jun 2011
Location: Calgary, Ab

Posts: 2,452
iTrader: (8)

Garage List
2011 BMW E92 M3  [5.00]
get what you want but don't become a slave to your car!!!
__________________

11' E92 M3 Space Grey | DCT | ESS VT2- 625 | Gintani Race (valved) + Quad Res Catless X-Pipe | KW Sleeve's | GC Camber Plates|Arkym Diffuser | Vorsteiner VRS Lip | P3 Boost Guage | Stud Conversion
PHOTO's: Click Here ESS VT2 625 PHOTOS: Click Here
j2m is offline   Canada
0
Reply With Quote
      02-12-2013, 11:39 AM   #16
Transfer
Lieutenant Colonel
 
Transfer's Avatar
 
Drives: SQ5, X1
Join Date: Mar 2010
Location: Seattle, WA

Posts: 1,652
iTrader: (0)

Figure out your budget. If gas is about $1.50/L ($5.70/gal) then figure out the per mileage cost. If it works for you then have fun.

For me at that gas cost, I average about 14mpg (5.95kpL) with 80% city driving short commutes so that comes out to about $0.40 per mile or $0.25 per km. The true cost of that depends on how much you drive. I only drive about 6 miles round trip per day so it's very worth it to me but if I had a 30-60 mile round trip commute I would not have bought this car.
When I'm out driving just for fun or on a weekend trip, my fuel cost is the last thing on my mind.
Transfer is offline   United_States
0
Reply With Quote
      02-12-2013, 12:48 PM   #17
Thik
Private First Class
 
Drives: 2010 Space Grey E92 M3 6spd
Join Date: Jan 2013
Location: Toronto

Posts: 135
iTrader: (0)

You're 22 and a recent graduate, why are you looking to drop 50K - 60K on a car? Do you have a job yet? If so, have you been with the company for more than a year? You need to find stability in your career and in your life first before dropping that much money on a car.

You are a recent graduate, which also means you are the most expendable employee in a company. You're young, in a year or two, you might want to change locations and move to another country to work. For those reasons, I don't think it's a wise financial choice to spend this much money on a car right out of school.

Like others said, gas is the least expensive part of owning a M3. Insurance, maintenance, depreciation (car payment) is what gets you.

Besides, a 22 year old driving a M3, or a 335 for that matter, people automatically assume it's daddy's car.
Thik is offline  
0
Reply With Quote
      02-12-2013, 02:45 PM   #18
thejamesg
Registered
 
Drives: Nothin
Join Date: Feb 2013
Location: Nothing

Posts: 3
iTrader: (0)

Thanks for all the inputs.

I'm self employed and making enough such that a total 1,200 \ month payment is less than 15% of my income. I personally don't want to spend more than 600 a month on the finance portion of the car so I do have the appropriate money set aside for down payment whether I go with the M or not.

However... I don't want to be spending over 600$ / month on the gas... Which is what's worrying me. Car + gas I was looking to stay at under 1200. Based on my calculations... I'm looking at about a 1200 $ a month payment on just gas alone assuming the m3 gets about 16l/100 km and I'm driving a lot (for work)

I honestly havnt made a big decision like this in my life yet... I know this is the first of many. I'm leaning towards settling for a 335 and enjoying that for a few years. Thanks for the help.
thejamesg is offline  
0
Reply With Quote
      02-12-2013, 02:48 PM   #19
MTROUBLE93
Private First Class
 
Drives: 09 interlagos blue M3
Join Date: Feb 2013
Location: NEWYORK

Posts: 131
iTrader: (0)

335 is the way to go OP. if your worried about gas and your going to keep the car for a while maintenance is going to rape you when your warranty runs out.

I spend a ton of money on gas and what blows my mind even more was that 3 months ago I needed new rear tires.You don't want to know how much 2 Michelin pilot super sports cost

Sometimes I even consider a 335. With a good tune you can keep up with an m3 no problem, smaller tires, and so much better on gas.

But make sure you get an is because they are sooo sexy!
MTROUBLE93 is offline  
0
Reply With Quote
      02-12-2013, 03:12 PM   #20
davesaddiction
is fast cars
 
davesaddiction's Avatar
 
Drives: '08 E90 M3 6MT SSII/Silver
Join Date: May 2012
Location: Tulsa

Posts: 1,429
iTrader: (0)

Congrats on being self-employed and making good money, OP!

Seems like you've got your head on very straight; best of luck with your decision. Sucks that the price of gas up there is such that it makes getting an M3 such a hard call. Let us know what you end up with.
davesaddiction is offline   United_States
0
Reply With Quote
      02-12-2013, 03:32 PM   #21
mdosu
Banned
 
Drives: Double Vanos'd Civic-M3
Join Date: Oct 2009
Location: San Francisco

Posts: 8,517
iTrader: (6)

I'm in camp one, if you can't afford the fuel cost, that type of vehicle is not for you. Really, it's the maintenance cost that you have to be weary of.

I really could care less on my fuel consumption and cost. I just swipe my credit card with indifference b/c I can afford it without thinking twice. (of course, I'm aware of what price I should pay and what's expensive vs. cheaper in my region, my local BP to the west of me is the cheapest, but the Shell to the east is 10 cents more expensive on any given day, US gasoline regional pricing, blah)
mdosu is offline   No_Country
0
Reply With Quote
      02-12-2013, 03:39 PM   #22
Mardio
Brigadier General
 
Drives: 2013 335is space grey
Join Date: Jun 2006
Location: SF

Posts: 3,076
iTrader: (0)

Is the 335is available in Canada? Its a happy medium between the two.
Mardio is offline  
0
Reply With Quote
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 09:36 PM.




m3post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST