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      09-19-2008, 03:56 PM   #45
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23,Cash,Lowest paying job ever $25 an hour.And that was 5 years ago.
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      09-19-2008, 03:59 PM   #46
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Sorry guys, I didn't realise I hadn't put my age down. I'm 40 plus interest.

No seriously I'm 43 and it looks like I was indeed correct, the majority of US and Canada owners are a lot younger than us here in Europe and that has to be down to the difference in cost we pay.
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      09-19-2008, 04:05 PM   #47
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21 and student.
Dads bought on X6 for mom ,mom hated it, so tradet in for M3 while mom is keeping the X5.
Lucky me... But yeah, Im still at the uni. but I will get a very good job ;-) so I"ll possibly pay it back later
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      09-19-2008, 04:25 PM   #48
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      09-19-2008, 04:27 PM   #49
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24.

Was planning on waiting til I was 25, but I'm currently checking over my budget and playing with some numbers. There's an 08 coupe exactly as I want it arriving this week... So tempting
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      09-19-2008, 05:02 PM   #50
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Quote:
Originally Posted by blakepilot View Post
i love how all these age threads turn into older drivers giving younger drivers unsolicited financial advise.
LOL!

42 years old here, 2nd BMW, paid cash, homeowner (carry a mortgage)
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      09-19-2008, 05:07 PM   #51
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Young guys, enjoy your time with your M3s now. With the credit crunch kicking in your cars will be reclaimed soon enough. (j/k)

Only joking, no like most of the older guys here I too bought it with cash.
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      09-19-2008, 05:09 PM   #52
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Young guys, enjoy your time with your M3s now. With the credit crunch kicking in your cars will be reclaimed soon enough. (j/k)

Only joking, no like most of the older guys here I too bought it with cash.


that made me laugh out loud.

I paid cash too.
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      09-20-2008, 08:23 AM   #53
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No seriously I'm 43 and it looks like I was indeed correct, the majority of US and Canada owners are a lot younger than us here in Europe and that has to be down to the difference in cost we pay.
Possible, but not necessarily:

1. You need to consider the disposable income, and then consider purchasing power. A direct currency conversion is not particularly accurate. Also, you pay in Pounds but also get paid in Pounds for instance.
2. I suspect that Americans would be more willing to go into debt than Europeans although I've got no data to back that up.
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      09-20-2008, 09:36 AM   #54
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I just turned 39. Paid for with 100 percent my money. No help whatsoever from trust funds or parental gifts.
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      09-20-2008, 10:17 AM   #55
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22. getting it in the spring as a graduation gift
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      09-20-2008, 10:22 AM   #56
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      09-20-2008, 10:23 AM   #57
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18 turning 19 soon. got it as a birthday gift.
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      09-20-2008, 11:49 AM   #58
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Quote:
Originally Posted by ACZakka325i View Post
25. I like spending all my disposable income on cars.
34 Next month. I'm in the same boat as you brother!
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      09-21-2008, 09:01 AM   #59
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24, work long hours on wall street.....

time to treat myself!
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      09-21-2008, 09:34 AM   #60
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Quote:
Originally Posted by lucid View Post
Possible, but not necessarily:

1. You need to consider the disposable income, and then consider purchasing power. A direct currency conversion is not particularly accurate. Also, you pay in Pounds but also get paid in Pounds for instance.
2. I suspect that Americans would be more willing to go into debt than Europeans although I've got no data to back that up.
You may be right, over here in the UK most people will only have a third of the car's cost in finance and even then most who purchase this price of a car will probably have an income of close on double the price of the car itself.

I doubt this will be true for the US market, most will be close to 100% financed, and most will only pay the payments for a 3~4 year term, handing the car back at the end. It's never been my way of paying for something, I'm a believer of if you can't afford to pay for it with cash then you shouldn't have it.
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      09-21-2008, 01:52 PM   #61
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Although you can learn something from a quick and dirty poll like this I firmly believe there is more than one 20 something who posted a reply here who does not own a 2008/9 M3.

As well don't forget about the strong US bias simply based on the number of members of the forum who are from the US.

Oh, BTW, I'm 39, this is my 3rd M3 and it is 100% financed.
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      09-21-2008, 07:10 PM   #62
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18...leasing it myself with my own business and only after I attended racing programs/schools. However, you older guys are right .."how can you afford it and afford a home and what not". My parents are still supporting me in that way, but i still think supporting a lease for a 67K car is still something i can be proud of
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      09-21-2008, 07:34 PM   #63
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18...leasing it myself with my own business and only after I attended racing programs/schools. However, you older guys are right .."how can you afford it and afford a home and what not". My parents are still supporting me in that way, but i still think supporting a lease for a 67K car is still something i can be proud of
Who is paying the insurance? Is it leased under YOUR name? The thing is, would you have your car without your parents assistance? The answer is no.

What business does someone have at 18 without a college education anyway? That must be one hell of a lemonade stand. I am kidding btw.
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      09-21-2008, 07:49 PM   #64
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Quote:
Originally Posted by Sticky View Post
Who is paying the insurance? Is it leased under YOUR name? The thing is, would you have your car without your parents assistance? The answer is no.

What business does someone have at 18 without a college education anyway? That must be one hell of a lemonade stand. I am kidding btw.
hah lol
My dad takes care of PHYSICALLY paying the bills for it... I transferr the 1200 a month it takes to lease into his bank account
My business is a complicated thing to explain. I work with Clubs/Lounges in NYC to provide parties such as Sweet 16s Graduations, Bdays, AfterProm...Ive been doing it for 2 years and i can earn a cool 50K a year. Its pretty much like a party planner except I deal with party people who have deep pockets

edit: btw I am getting a college education haha
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Last edited by ferrari6891; 09-21-2008 at 07:51 PM. Reason: forgot to add something
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      09-21-2008, 07:59 PM   #65
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20, turning 21 in October, got it from my dad as a graduation and birthday gift
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      09-21-2008, 08:41 PM   #66
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Quote:
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22. getting it in the spring as a graduation gift
I will be in that same situation in Spring as well.

In wealthy areas like the Bay Area and stuff, driving a BMW at this age is considered the minimum. Many of my friends have M6s, Ferraris and Aston Martins. It's hard to stunt here.

Others around the country think that a BMW at a young age is a crime, but that's cuz their car payments are more than their own mortgages.
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