You drive a E9x M3. You're in your 20's. How?

NELSON.MLGB · 09-17-2013, 02:19 AM

Got mine in 10's, lol..

Repoman · 09-17-2013, 02:31 AM

Quote:

Originally Posted by Thik

Let's spill the beans. I am #3. Bought the car used at 28. Dropped serious money on a depreciating asset rather than saving for a house/retirement/get out of debt/marriage/kids. But would do it again in a heartbeat!

People wonder how I afford mine as well. It's simple; earn a good salary and limit your bills. This will ensure that you have enough to pay for the vehicle of your choice.

I know a guy paying 3k a month on a bad real estate investment, another guy paying 4k in child support/alimony (don't get me started on how bad marriage is for your wallet), and another guy that is just plain irresponsible with his earnings.

pkimM3r · 09-17-2013, 03:36 AM

Quote:

Originally Posted by Sandye90m3

Did very well in my high school and managed to get into a very good university, UCI to be exact. So my parents rewarded me!

However the moment my grades slip, I lose everything including my phone lol.

I graduated from uci too. Whats your major?

2013E92 · 09-17-2013, 03:36 AM

I am 24 years old. Me and my wife have decent paying jobs, $25/hr and $33/hr,respectively. I started working since I was 16 and started a savings account at 18. I paid for my college and earned a Criminal Justice degree. I own a 2013 e92 M3 that I bought pre-owned with 600 miles, but I DID NOT hurry to a big dealership and bought the first M3 I saw..

I waited for the right opportunity and I scored. I found it at a wholesale dealer, low mileage. I traded my older vehicle that I had paid off for 12k and put down 3k. I also took advantage of a special offer and got a good low interest rate.

I drive the M3 everyday, as I can NOT imagine driving another car while the M3 sits in my garage. I would think about the M3, it would feel like cheating haha..Life is about being happy. Working hard and getting one of my dream cars at 24 makes me happy.

cntgetm3 · 09-17-2013, 06:07 AM

23, getting off active duty and loving every day I have with my m3

DopeM3 · 09-17-2013, 06:25 AM

Bought mine when I was 21 (just turned 23). It's actually not as hard as everyone thinks, for example: Stay in school, save up, build credit, find a decent paying career. There you have it!

Additionally, there is no reason to drop a large down payment on a vehicle. With interest rates so low on auto loans, you essentially pay nickles to the bank over time. Use that money and put it towards something else (house maybe?)

quiksi · 09-17-2013, 07:19 AM

Quote:

(probably not the smartest financial decision at your age)

it's not a goddamn Ferrari...there are quite a few people in their 20s that can afford new/used/CPO e9x m3's

nujabes24 · 09-17-2013, 07:28 AM

Quote:

Originally Posted by jawwadh

Bought pre-owned.. finishing my medical residency this year... and my wife is a pharmacist

What, I'm just starting first year soon. You are so picky that's awesome. I paid for it on my own and live on my own. Did not been mom or pops to help me with anything. Well I was in two combat deployments, saved, paid my bills on time, and got a good job after. Now I'm 24.

NasHH · 09-17-2013, 07:30 AM

No way I can pay for a brand new m3 at 23, paying an additional 150 a month for my insurance, (don't know how much people paying insurance when the car is brand new at $70k).

Parents helped me finance my business (instead of giving me money for school) and my businesses helps me finance my expensive car. Only bills on me is my car (insurance, gas, registration), phone, and gf. If I had kids and a mortgage, then I would of went a different direction.

Also I know if you lease, it's always tax deductible (depending on your business).

Moxie · 09-17-2013, 07:32 AM

Missing - I live with my parents & they paid for the car.

N1COM3 · 09-17-2013, 07:52 AM

Quote:

probably not the smartest financial decision at your age

Thanks for making some of us feel bad.

Probably not the best advice, but people always told me that, "Once you get married, you'll most likely won't buy/afford it". So I took that advice. Yes, you're right... it's probably not the smartest financial decision. I sometimes feel bad for it. But hey, I got an M.

lol

AUTiger13 · 09-17-2013, 07:56 AM

For me it's a combination of #2 and #3. I just graduated from college as well and got a very nice paying job. My parents (love them) said they would buy the car but I opted to pay for some of the car. My payments would be equivalent to financing a new Ford Edge-equivalent car. Not only am I building more credit but I value my M3 so much more since I pay for it.

calscooby · 09-17-2013, 07:57 AM

Quote:

Originally Posted by jawwadh

Bought pre-owned.. finishing my medical residency this year... and my wife is a pharmacist

What's your specialty? I'm in a similar situation - albeit, older

Kung Fu English · 09-17-2013, 08:08 AM

Quote:

Originally Posted by calscooby

What's your specialty? I'm in a similar situation - albeit, older

Wife, kid. And a doctor. That's how.

Finished emergency medicine residency recently.

Most people on here still probably assume that all doctors are 35 or older. If you go straight through you finish (non surgical) residency at 28-29.

bga23 · 09-17-2013, 08:11 AM

Quote:

Originally Posted by Kung Fu English

Wife, kid. And a doctor. That's how.

Finished emergency medicine residency recently.

Most people on here still probably assume that all doctors are 35 or older. If you go straight through you finish (non surgical) residency at 28-29.

And most I know graduate with six figures of student loans...

Kung Fu English · 09-17-2013, 08:13 AM

Quote:

Originally Posted by bga23

And most I know graduate with six figures of student loans...

of course. plenty left over to pay that off in <10 years and max out the 401k, and i have more loans than anyone i know.

it's just a matter of what is most important to you when you are done. I could have bought a 600k house instead but 250 will be fine.

gymtime · 09-17-2013, 08:16 AM

1) Don't have kids
2) Don't get married
3) Don't be in debt
4) Be successful

It's not that difficult

gallian93 · 09-17-2013, 08:18 AM

i was in my mid 20s with a got an e46 330ci ... mid-late 20s when to an e46 M3 and got it e93 m3 @ 30... guess that make me the old guy here, but i've been on my own since i was 19....

how?... learned me some science in school!!!

Thik · 09-17-2013, 08:27 AM

Quote:

Originally Posted by N1COM3

Thanks for making some of us feel bad.

Probably not the best advice, but people always told me that, "Once you get married, you'll most likely won't buy/afford it". So I took that advice. Yes, you're right... it's probably not the smartest financial decision. I sometimes feel bad for it. But hey, I got an M.

lol

Yep, that's me. I always think if I bought a used Civic, what I could do with that money. Start my own business, bought a nice house, max out my retirement accounts, pay off all my debts? Nope...being able to drive this car in my 20's is priceless...especially knowing that you did it on your own.

TurboBimmer · 09-17-2013, 08:54 AM

Quote:

Originally Posted by Ezio

on a side note i have a good friend who is 19 and started a entertainment based website. makes 200k a year, i kid you not. (i have seen his bank statements) so anything is possible these days.

Entertainment based...as in PrOn??

Damn!!

OilPatch · 09-17-2013, 09:35 AM

I'm 29 no wife & no kids...plus it helps that oil is booming

Porschefile · 09-17-2013, 09:38 AM

Quote:

Originally Posted by quiksi

it's not a goddamn Ferrari...there are quite a few people in their 20s that can afford new/used/CPO e9x m3's

Seriously. What a judgmental poll. There are plenty of 20 somethings making well into 6 figures, and a $40k used m3 is not a huge deal.

View Poll Results: You drive a E9x M3. You are in your 20's. How'd you manage that?
I pay for the car, but I live with my parents.	38	17.12%
My parents paid for the car.	38	17.12%
I live on my own and pay for my car (probably not the smartest financial decision at your age)	146	65.77%
Voters: 222. You may not vote on this poll

09-17-2013, 02:19 AM	#23
NELSON.MLGB Captain 41 Rep 702 Posts Drives: 2010 E92 JB M3 Join Date: Dec 2011 Location: Calgary,AB iTrader: (2)	Got mine in 10's, lol..
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09-17-2013, 03:36 AM	#26
2013E92 Enlisted Member 1 Rep 33 Posts Drives: 2013 E92 JB, DCT, Join Date: Aug 2013 Location: Portland, OR iTrader: (0)	I am 24 years old. Me and my wife have decent paying jobs, $25/hr and $33/hr,respectively. I started working since I was 16 and started a savings account at 18. I paid for my college and earned a Criminal Justice degree. I own a 2013 e92 M3 that I bought pre-owned with 600 miles, but I DID NOT hurry to a big dealership and bought the first M3 I saw.. I waited for the right opportunity and I scored. I found it at a wholesale dealer, low mileage. I traded my older vehicle that I had paid off for 12k and put down 3k. I also took advantage of a special offer and got a good low interest rate. I drive the M3 everyday, as I can NOT imagine driving another car while the M3 sits in my garage. I would think about the M3, it would feel like cheating haha..Life is about being happy. Working hard and getting one of my dream cars at 24 makes me happy.
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09-17-2013, 06:07 AM	#27
cntgetm3 Private First Class 10 Rep 160 Posts Drives: E92 M3 Join Date: Feb 2012 Location: Jville, NC iTrader: (0)	23, getting off active duty and loving every day I have with my m3 __________________ Lux v3, IND, V1 Hardwire, ZHP lighted shift knob, Megan Racing Axel Back, Custom race x-pipe, MS filter, Arkym Diffuser, OEM Carbon Lip Spoiler, and still more to come.
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09-17-2013, 06:25 AM	#28
DopeM3 M Power 80 Rep 1,293 Posts Drives: M3 Join Date: Jun 2012 Location: NH iTrader: (8)	Bought mine when I was 21 (just turned 23). It's actually not as hard as everyone thinks, for example: Stay in school, save up, build credit, find a decent paying career. There you have it! Additionally, there is no reason to drop a large down payment on a vehicle. With interest rates so low on auto loans, you essentially pay nickles to the bank over time. Use that money and put it towards something else (house maybe?) Last edited by DopeM3; 09-17-2013 at 06:31 AM..
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09-17-2013, 07:30 AM	#31
NasHH Private 3 Rep 51 Posts Drives: e93 M3 Join Date: Dec 2011 Location: LA iTrader: (1)	No way I can pay for a brand new m3 at 23, paying an additional 150 a month for my insurance, (don't know how much people paying insurance when the car is brand new at $70k). Parents helped me finance my business (instead of giving me money for school) and my businesses helps me finance my expensive car. Only bills on me is my car (insurance, gas, registration), phone, and gf. If I had kids and a mortgage, then I would of went a different direction. Also I know if you lease, it's always tax deductible (depending on your business). __________________
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09-17-2013, 07:32 AM	#32
Moxie Lieutenant Colonel 67 Rep 1,895 Posts Drives: AW 328d Touring/SG 335d Join Date: Jul 2009 Location: North Carolina iTrader: (12)	Missing - I live with my parents & they paid for the car.
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09-17-2013, 07:56 AM	#34
AUTiger13 Private 8 Rep 60 Posts Drives: 2018 X5 50i Join Date: Jul 2013 Location: Houston, TX iTrader: (0)	For me it's a combination of #2 and #3. I just graduated from college as well and got a very nice paying job. My parents (love them) said they would buy the car but I opted to pay for some of the car. My payments would be equivalent to financing a new Ford Edge-equivalent car. Not only am I building more credit but I value my M3 so much more since I pay for it.
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09-17-2013, 08:16 AM	#39
gymtime Private First Class 58 Rep 138 Posts Drives: BMW M3 Join Date: Aug 2013 Location: Florida iTrader: (0)	1) Don't have kids 2) Don't get married 3) Don't be in debt 4) Be successful It's not that difficult
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09-17-2013, 08:18 AM	#40
gallian93 Captain 94 Rep 904 Posts Drives: 18 M3 cs/72 tii Join Date: Jul 2010 Location: philadelphia PA iTrader: (22) Garage List 2010 e90 M3 (Sold) [0.00] 2018 BMW M3 CS [0.00] 2013 X5M [0.00] 2008 E93 M3 Traded [0.00] 2002 330Ci (SOLD) [0.00] 2005 e46 M3 TOTALED [0.00] 2008 Z4 MC (sold) [5.00] 1972 BMW 2002tii [10.00] 2011 X6M (SOLD) [8.00]	i was in my mid 20s with a got an e46 330ci ... mid-late 20s when to an e46 M3 and got it e93 m3 @ 30... guess that make me the old guy here, but i've been on my own since i was 19.... how?... learned me some science in school!!! __________________ [/B]2018 BMW M3 CS (SMB) (Daily Driver)1991 E30 w S52 swap(New addition)[/B]1972 BMW 2002tii (ITS ALIVE)2013 X5M (Wife's DD) ,2009 AUDI A4 3.2 (Winter/Aupair) 2010 e90 M3 (Sold 2020),2011 X5 5.0i (Traded 2019),2007 335 IX(sold 2018),2008 Z4 MC (sold 2017 Still sad about it), 2011 X6M (sold 2015)2008 E93 M3 (Traded 2013), 2005 e46 M3(solidified affair)(wrecked 2010), 2002 330Ci (started love affair)(Sold 2009)
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09-17-2013, 09:35 AM	#43
OilPatch First Lieutenant 19 Rep 338 Posts Drives: VW TDi & BMW M3 Join Date: Oct 2012 Location: Midland, TX iTrader: (1) Garage List 2013 BMW M3 [0.00] 2010 VW Jetta TDI [0.00]	I'm 29 no wife & no kids...plus it helps that oil is booming __________________ 2013 E92 M3 \| Le Mans Blue \| 6 Speed Manual \| Competition Pack \| Premium Pack \| Cold Weather Pack \|
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