BMW wasn't kidding...production halts scheduled

TLud · 10-07-2008, 08:37 PM

BMW and Opel both announced short production halts due to decreased demand caused by the global credit crisis.

http://www.earthtimes.org/articles/s...roduction.html

positiveions · 10-07-2008, 08:46 PM

should I buy or not buy an E90 M3

skierman64 · 10-07-2008, 08:50 PM

Do you work for AIG or Wachovia?

If your job is stable and if you're not overextending yourself financially, why not. I wouldn't put that same money in the stock market right now.

positiveions · 10-07-2008, 08:51 PM

Quote:

Originally Posted by skierman64

Do you work for AIG or Wachovia?

If your job is stable and if you're not overextending yourself financially, why not. I wouldn't put that same money in the stock market right now.

well i work part time csr, but I am a student nurse with 1 and half semester to go

TLud · 10-07-2008, 08:53 PM

Quote:

Originally Posted by eatrach73

well i work part time csr, but I am a student nurse with 1 and half semester to go

I don't know about CA, but here in Houston, nurses are in extremely high demand. The way I see it, people will keep getting hurt and sick regardless of how well the economy is doing.

positiveions · 10-07-2008, 09:54 PM

Quote:

Originally Posted by TLud

I don't know about CA, but here in Houston, nurses are in extremely high demand. The way I see it, people will keep getting hurt and sick regardless of how well the economy is doing.

and people are doing crazy shit, like wrapping a cord around a carrot.. Sounds like Richard Gear Part 2. well you know where I am going with this.

Dascamel · 10-07-2008, 11:24 PM

Not a good sign when major car companies halt production like this. In the end even if your job is stable the effect will be felt in some form.

JEllis · 10-08-2008, 08:57 PM

Maybe our V8 M3's will be rarer than we thought.....

Jason

amgthis · 10-08-2008, 09:19 PM

Damn world.

ersin · 10-09-2008, 02:22 PM

It says only the Liepzig plant will be closed. M3s are made in Regensburg. No worry. Yet.

Mr.AK · 10-09-2008, 02:36 PM

My M3 was paid in full 9 months ago. I love it! I love it. I love it. But I WOULD NEVvvvER consider buying an M3 today 10/09/2008 if you know what i mean. Never. Times are very scary right now. Nobody is safe. Not even a doctor.

McLuVan · 10-09-2008, 02:58 PM

so I shouldn't buy now?

Mr.AK · 10-10-2008, 07:43 AM

If the monthly payments are going to seriously affect your lifestyle I would say NO! I would also not buy if you are not ready to put at least $10-20 K down up front. Remember that it's not the just the price of the car....it's the increased premium gas and insurance, take these factors into account when deciding. I also forgot to state my BIGGEST cost- Car care products! Just be smart and live within your budget.

M3101 · 10-10-2008, 09:00 AM

Quote:

Originally Posted by Mr.AK

If the monthly payments are going to seriously affect your lifestyle I would say NO! I would also not buy if you are not ready to put at least $10-20 K down up front. Remember that it's not the just the price of the car....it's the increased premium gas and insurance, take these factors into account when deciding. I also forgot to state my BIGGEST cost- Car care products! Just be smart and live within your budget.

What you're saying is correct on an 09, but on a 08 with special finance of 0.9/1.9 % then zero down and keeping the cash and putting it in a 4.3% CD is better advice!

Radiation Joe · 10-10-2008, 09:47 AM

Quote:

Originally Posted by M3101

What you're saying is correct on an 09, but on a 08 with special finance of 0.9/1.9 % then zero down and keeping the cash and putting it in a 4.3% CD is better advice!

This is BS and is a justification for going in over your head. Unless you have cash reserves to cover the gap between what you owe and what the car is worth this strategy is flawed. This is the root of the financial crisis (panic in proper terms) that we are witnessing.
I do not believe a CD is a liquid instrument, and therefore cannot be used to cover the difference.

TLud · 10-10-2008, 10:29 AM

Quote:

Originally Posted by Radiation Joe

This is BS and is a justification for going in over your head. Unless you have cash reserves to cover the gap between what you owe and what the car is worth this strategy is flawed. This is the root of the financial crisis (panic in proper terms) that we are witnessing.
I do not believe a CD is a liquid instrument, and therefore cannot be used to cover the difference.

+1. I would also say that the non-liquidity of CDs makes them a bad idea in the current market in general.

jaay11 · 10-10-2008, 11:09 AM

Quote:

Originally Posted by Mr.AK

Times are very scary right now. Nobody is safe. Not even a doctor.

I work "national security" so I feel somewhat safe but you are right....this thing is scary.

We might be looking at sub 6000 Dow before we hit bottom and swing up again.

TLud · 10-10-2008, 11:10 AM

Quote:

Originally Posted by jaay11

We might be looking at sub 6000 Dow before we hit bottom and swing up again.

Doubtful IMO, but we're so far outside the fundamentals at this point, it's anyone's guess.

Sedan_Clan · 10-10-2008, 12:12 PM

Some of you guys just need to live a little!

Minimization · 10-10-2008, 01:38 PM

Quote:

Originally Posted by M3101

What you're saying is correct on an 09, but on a 08 with special finance of 0.9/1.9 % then zero down and keeping the cash and putting it in a 4.3% CD is better advice!

i agree as long as you have decent cash set aside. HSBC is 3.25% and completely liquid, so you would be netting > 2%

10-07-2008, 08:37 PM	#1
TLud Colonel 108 Rep 2,279 Posts Drives: '12 Golf R Join Date: Jun 2008 Location: Texas iTrader: (3)	BMW wasn't kidding...production halts scheduled BMW and Opel both announced short production halts due to decreased demand caused by the global credit crisis. http://www.earthtimes.org/articles/s...roduction.html __________________ '09 Interlagos Blue E92 M3 (sold to a good home)
	Appreciate 0 Tweet Quote

10-07-2008, 08:46 PM	#2
positiveions Lieutenant General 961 Rep 11,722 Posts Drives: 19 Tacoma, 16 Golf wagon Join Date: Sep 2007 Location: Upland, CA iTrader: (2) Garage List 2019 Toyota Tacoma [0.00] 2016 VW Golf Sports ... [0.00] 1998 BMW M3 [0.00] 1990 BMW 325is [0.00]	should I buy or not buy an E90 M3
	Appreciate 0 Quote

10-07-2008, 08:50 PM	#3
skierman64 Brigadier General 127 Rep 3,071 Posts Drives: E92M3-E46M3-E46Wagon-E89Z4-E36 Join Date: Dec 2006 Location: Greater St Louis Metro area iTrader: (1) Garage List 1994 325is Race Car [0.00] 2011 BMW Z4 [0.00] 1998 M3 Coupe [0.00] 2008 M3 Coupe [0.00]	Do you work for AIG or Wachovia? If your job is stable and if you're not overextending yourself financially, why not. I wouldn't put that same money in the stock market right now. __________________ Invest Wisely...The best mod for your money?? BMWCCA high performance driver's school. The mod that lasts a lifetime and improves the performance of any car you drive[/LEFT]
	Appreciate 0 Quote

10-07-2008, 11:24 PM	#7
Dascamel Lieutenant Colonel 48 Rep 1,664 Posts Drives: 2008 e92 M3, 2010 e91 328i Join Date: Jul 2007 Location: Bakersfield, CA iTrader: (0)	Not a good sign when major car companies halt production like this. In the end even if your job is stable the effect will be felt in some form. __________________ 2008 E92 M3 Jerez Black,DCT,Fox Red ext,Prem,Tech,19", ipod/usb, CF roof and trim 2010 E91 328i Space Gray,Black int, M sport, most options 2007 Montego Blue 335i (retired)
	Appreciate 0 Quote

10-08-2008, 08:57 PM	#8
JEllis Major General 532 Rep 5,498 Posts Drives: E36 M3, E92 M3 Join Date: Oct 2006 Location: Dallas/Ft. Worth iTrader: (4)	Maybe our V8 M3's will be rarer than we thought..... Jason __________________ Instagram: jellismotorwerks
	Appreciate 0 Quote

10-08-2008, 09:19 PM	#9
amgthis Tire Racks 53 Rep 1,232 Posts Drives: AW 1M Coupè Join Date: Apr 2008 Location: San Francisco, CA iTrader: (0)	Damn world. __________________ Alpine White 1M Coupè Gone:2006 Alpine White E46 M3 ZCP RIP
	Appreciate 0 Quote

10-09-2008, 02:22 PM	#10
ersin Brigadier General 126 Rep 4,144 Posts Drives: 17 YMB F80 M3 Join Date: Mar 2008 Location: Maryland iTrader: (1)	It says only the Liepzig plant will be closed. M3s are made in Regensburg. No worry. Yet. __________________ 2017 F80 YMB.
	Appreciate 0 Quote

10-09-2008, 02:36 PM	#11
Mr.AK Second Lieutenant 41 Rep 242 Posts Drives: 2008 M3 e92 Join Date: Jul 2008 Location: Baltimore MD iTrader: (0)	My M3 was paid in full 9 months ago. I love it! I love it. I love it. But I WOULD NEVvvvER consider buying an M3 today 10/09/2008 if you know what i mean. Never. Times are very scary right now. Nobody is safe. Not even a doctor.
	Appreciate 0 Quote

10-09-2008, 02:58 PM	#12
McLuVan Lieutenant General 304 Rep 13,114 Posts Drives: ///M3 Join Date: Jan 2008 Location: Socal~818~ iTrader: (1)	so I shouldn't buy now? __________________
	Appreciate 0 Quote

10-10-2008, 07:43 AM	#13
Mr.AK Second Lieutenant 41 Rep 242 Posts Drives: 2008 M3 e92 Join Date: Jul 2008 Location: Baltimore MD iTrader: (0)	If the monthly payments are going to seriously affect your lifestyle I would say NO! I would also not buy if you are not ready to put at least $10-20 K down up front. Remember that it's not the just the price of the car....it's the increased premium gas and insurance, take these factors into account when deciding. I also forgot to state my BIGGEST cost- Car care products! Just be smart and live within your budget.
	Appreciate 0 Quote

10-10-2008, 12:12 PM	#19
Sedan_Clan Law Enforcer 25117 Rep 22,290 Posts Drives: '22 Chalk Gray Porsche C2S Join Date: Jun 2006 Location: ..in your rearview!!! iTrader: (26)	Some of you guys just need to live a little!
	Appreciate 0 Quote