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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 17.51%
My parents paid for the car. 38 17.51%
I live on my own and pay for my car (probably not the smartest financial decision at your age) 141 64.98%
Voters: 217. You may not vote on this poll

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      09-17-2013, 02:19 AM   #23
NELSON.MLGB
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Got mine in 10's, lol..
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      09-17-2013, 02:31 AM   #24
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Quote:
Originally Posted by Thik View Post
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.
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      09-17-2013, 03:36 AM   #25
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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?
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      09-17-2013, 03:36 AM   #26
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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
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23, getting off active duty and loving every day I have with my m3
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      09-17-2013, 06:25 AM   #28
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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, 07:19 AM   #29
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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
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      09-17-2013, 07:28 AM   #30
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Quote:
Originally Posted by jawwadh View Post
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.
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      09-17-2013, 07:30 AM   #31
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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
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Missing - I live with my parents & they paid for the car.
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      09-17-2013, 07:52 AM   #33
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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
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      09-17-2013, 07:56 AM   #34
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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, 07:57 AM   #35
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Quote:
Originally Posted by jawwadh View Post
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
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      09-17-2013, 08:08 AM   #36
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Originally Posted by calscooby View Post
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.
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      09-17-2013, 08:11 AM   #37
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Originally Posted by Kung Fu English View Post
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...
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      09-17-2013, 08:13 AM   #38
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Originally Posted by bga23 View Post
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.
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      09-17-2013, 08:16 AM   #39
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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
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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!!!
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      09-17-2013, 08:27 AM   #41
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Quote:
Originally Posted by N1COM3 View Post
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.
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      09-17-2013, 08:54 AM   #42
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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!!
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      09-17-2013, 09:35 AM   #43
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      09-17-2013, 09:38 AM   #44
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Quote:
Originally Posted by quiksi View Post
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.
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