What percentage of your income goes to car payments

[ucmike]

My 335i is 6%, and I own my S2000.

I am considering selling both and buying an E92 M3, best of both worlds while only having to worry about one car.

[amanda hor$t]

Originally Posted by ucmike

My 335i is 6%, and I own my S2000.

I am considering selling both and buying an E92 M3, best of both worlds while only having to worry about one car.

upgraded software and an exhaust (~$1000) you'll take an m3

[keepittrill]

Originally Posted by Team Plutonium

:

He's not far off, actually. Maybe he won't take the M3, but he'll be damn near close! I would say he could do it for 5K-6K

[amanda hor$t]

^ that's what i really meant. he won't beat an m3 outright in every performance category, but it'll be close enough to not want one

[keepittrill]

Originally Posted by R Grubba Balls

^ that's what i really meant. he won't beat an m3 outright in every performance category, but it'll be close enough to not want one

Exactly, no need to get rid of two cars when one of them can be almost as good as the one you're trading em both for

[ucmike]

Originally Posted by keepittrill

He's not far off, actually. Maybe he won't take the M3, but he'll be damn near close! I would say he could do it for 5K-6K

That's the problem I have though: I keep throwing money at two cars in an attempt to make them perform like a more expensive car, at what point do I just buy an M3? The S65 is an amazing engine and the suspension is top notch.

5-6k and I am approaching 40k invested in my 335i, at what point do you stop? Luckily I pay off all of my mods every month, I am not too infected with the disease (yet)

[Mr Tonka]

Originally Posted by ucmike

That's the problem I have though: I keep throwing money at two cars in an attempt to make them perform like a more expensive car, at what point do I just buy an M3? The S65 is an amazing engine and the suspension is top notch.

5-6k and I am approaching 40k invested in my 335i, at what point do you stop? Luckily I pay off all of my mods every month, I am not too infected with the disease (yet)

Now is the time.

I've driven all vehicles mentioned, all of them modded. Neither make you feel like you do when driving the M3. The s2000 is closer to the M3 feel than the 335. Best way to describe it is that the M3 feels as if it has a soul. Few other cars do that and a 335 is for sure not one of them.

[Nkc]

Originally Posted by Mr Tonka

Now is the time.

I've driven all vehicles mentioned, all of them modded. Neither make you feel like you do when driving the M3. The s2000 is closer to the M3 feel than the 335. Best way to describe it is that the M3 feels as if it has a soul. Few other cars do that and a 335 is for sure not one of them.

Is the soul coming from generally NA M cars? I have the same experience. My z4 35i feels soulless while my 98 Z3 M feels like it has a soul and is definitely special.

[bing240sx]

Originally Posted by R Grubba Balls

cash and used is how i do it now.

yup.

my car payment days are done with. imho if you can't pay cash for it you can't afford it.

[grimlock]

I feel the same way about my '528' F10 (the only model with the honor of being downgraded for marketing purposes, internally known as the 530i)
which puts out 255hp @6700, smooth and silent I6 luxury drive at low revs, makes ferraris and M3s notice at high revs
actually more than notice, I raced this guy in a m3 in my complex, he didn't win by much and he was SO agitated he gets agro everytime he sees my car
what a bargain, the F10 '528' N52 euro spec

[Vanmarsenille]

Originally Posted by grimlock

I feel the same way about my '528' F10 (the only model with the honor of being downgraded for marketing purposes, internally known as the 530i)
which puts out 255hp @6700, smooth and silent I6 luxury drive at low revs, makes ferraris and M3s notice at high revs
actually more than notice, I raced this guy in a m3 in my complex, he didn't win by much and he was SO agitated he gets agro everytime he sees my car
what a bargain, the F10 '528' N52 euro spec

Srsly?

[Narcosis]

We tend not to take out car loans, but instead save like mad until we can afford to purchase the vehicle outright.

With that said, I just picked up my first BMW yesterday - a 2010 335i xDrive coupe. I'm still hanging on to my nicely modified 2005 Subaru Legacy GT for those wicked and sick runs down the freeway on ramps.

With that said, glad to be here.

[grimlock]

Originally Posted by Vanmarsenille

Srsly?

No, I'm just retarded. Don't listen to me.

[PSUSMU]

Originally Posted by bing240sx

yup.

my car payment days are done with. imho if you can't pay cash for it you can't afford it.

I'm looking for a 911. I could pay cash, but I'll take out a loan at 2%, not because I can't afford it, but because I don't feel like laying out the full amount.

[ucmike]

Originally Posted by PSUSMU

I'm looking for a 911. I could pay cash, but I'll take out a loan at 2%, not because I can't afford it, but because I don't feel like laying out the full amount.

PenFed offers 1.9% also, which is not bad for someone not wanting to pay cash. Of course, you are going to have to invest that cash in something else to make the loan worthwhile, if you goal is to "beat" the interest.

[PSUSMU]

Originally Posted by ucmike

PenFed offers 1.9% also, which is not bad for someone not wanting to pay cash. Of course, you are going to have to invest that cash in something else to make the loan worthwhile, if you goal is to "beat" the interest.

Right on... I'm a PenFed member. I'll have the loan amount invested in the stocks market, so it's variable.

[boostedTIAG335]

I'm a 24 year old recent college grad. I'm currently working a job in my area of study. I live at home with my parents and my only significant debt, aside from my car loan, is a $5.5k student loan. I got into some credit card trouble when I was younger so I just took out a student loan to clear it up. My grace period ends this month and my first payment is due in July. My student loan will be paid off in no more than two payments. After that, I plan to budget about 20-25% for a car loan. I haven't decided if I want to put 10% or 15% into my 401k. Once I make that decision, I'll decided what I want to do with the car issue.

My current car payment is 10% of my monthly income to the penny. Lol

[Mr Tonka]

Originally Posted by bing240sx

yup.

my car payment days are done with. imho if you can't pay cash for it you can't afford it.

Says the financial genius.

Since i financed 100% of the purchase price of my vehicle the cash layout that was invested instead has earned roughly $33,000 while i've only paid a few grand in interest. Even if i financed at a whopping 3% i would have earned over $25k with that cash by financing rather than paying in full.

Still of the same opinion?

Originally Posted by grimlock

I feel the same way about my '528' F10 (the only model with the honor of being downgraded for marketing purposes, internally known as the 530i)
which puts out 255hp @6700, smooth and silent I6 luxury drive at low revs, makes ferraris and M3s notice at high revs
actually more than notice, I raced this guy in a m3 in my complex, he didn't win by much and he was SO agitated he gets agro everytime he sees my car
what a bargain, the F10 '528' N52 euro spec

Never go full retard!!

Originally Posted by ucmike

PenFed offers 1.9% also, which is not bad for someone not wanting to pay cash. Of course, you are going to have to invest that cash in something else to make the loan worthwhile, if you goal is to "beat" the interest.

This. With interest rates what they are these days, it's stupid to pay up front unless you're stupid rich and have stacks of cash sitting around collecting dust. I bought my M3 with .09% financing 0 down. Every year that $70k has earned no less than 6% and as much as 14% since Feb of 2009.

[keepittrill]

I find it hard to believe a stock 528i could even keep an M3 in its sight...

[Colt]

I pay $200 a month

[Mr Tonka]

Originally Posted by keepittrill

I find it hard to believe a stock 528i could even keep an M3 in its sight...

Maybe it was an E36 M3.....

[keepittrill]

Originally Posted by Mr Tonka

Maybe it was an E36 M3.....

LOL