BMW M3 Forum (E90 E92)

BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   M3Post - BMW M3 Forum > BIMMERPOST Universal Forums > Off-Topic Discussions Board
 
PYSPEED
Post Reply
 
Thread Tools Search this Thread
      04-03-2014, 10:45 PM   #1
E92Atlanta
Private
11

 
Drives: 2010 E92 Alpine White
Join Date: Oct 2013
Location: NE Atlanta


Posts: 56
iTrader: (0)

To me, I can afford it... To some, my payment sounds insane.

$630 a month. I'm 25. Bought it three months before I graduated college last fall since I already had a corporate job.

AFTER taxes I clear about $55k a year, so salary wise, gross income is around $70k.

Can I afford it? How about you all?

Sure I know the money can be better invested or saving for a house, but I wanted a car I love for a few years in my twenties. I have my own condo now, but with my son being 3, we would like to have a house in a few years In the suburbs.
Appreciate 0
      04-03-2014, 10:50 PM   #2
ddk632
Professional Orangeer
United_States
45

 
Drives: Bacon
Join Date: Mar 2012
Location: South Florida


Posts: 1,933
iTrader: (0)

Garage List
Quote:
Originally Posted by E92Atlanta View Post
To me, I can afford it... To some, my payment sounds insane.

$630 a month. I'm 25. Bought it three months before I graduated college last fall since I already had a corporate job.

AFTER taxes I clear about $55k a year.

Can I afford it? How about you all?

Sure I know the money can be better invested or saving for a house, but I wanted a car I love for a few years in my twenties.
This should be a fun thread.
I look forward to all the comments.

__________________
ddk632 | David Khaykin | (The K* is Silent!)
flickr photos [ Best Of | BMW | Motorcycles & DSLR's ]
* First K only, credit to Billup
Appreciate 0
      04-03-2014, 10:59 PM   #3
Crimson92
Smiling Politely
United_States
331

 
Crimson92's Avatar
 
Drives: Like a boss
Join Date: Jun 2007
Location: Whales Vagina


Posts: 28,645
iTrader: (3)

Oh boy.
__________________
Quote:
Some people are like slinkies...not really good for much but you can't help but smile when you see one tumble down the stairs"
Appreciate 0
      04-03-2014, 10:59 PM   #4
SCHMOUPE
Lieutenant Colonel
United_States
27

 
SCHMOUPE's Avatar
 
Drives: 2007 Z4M Coupe
Join Date: Apr 2010
Location: NJ


Posts: 1,601
iTrader: (6)

Garage List
2007 Z4M Coupe  [0.00]
Quote:
Originally Posted by ddk632 View Post
This should be a fun thread.
I look forward to all the comments.

LOL yup.

To the OP, are you here bragging about the fact that you still live at home and spending money you don't have on a car? Just wanted to make sure I got it right
__________________
The Raspinator

Gruppe M CAI / Euro Headers / Rogue Engineering X-pipe / RE Diablo Exhaust
Appreciate 0
      04-03-2014, 11:01 PM   #5
E92Atlanta
Private
11

 
Drives: 2010 E92 Alpine White
Join Date: Oct 2013
Location: NE Atlanta


Posts: 56
iTrader: (0)

Quote:
Originally Posted by SCHMOUPE
Quote:
Originally Posted by ddk632 View Post
This should be a fun thread.
I look forward to all the comments.

LOL yup.

To the OP, are you here bragging about the fact that you still live at home and spending money you don't have on a car? Just wanted to make sure I got it right
Where in my post did I say I was living at home?

I'm living in my own home, yes you are correct.

EDIT - sorry, I now see that saving for a house implies that I am still living at home with parents. Not the case, I have a condo.
Appreciate 0
      04-03-2014, 11:07 PM   #6
persian54
Lieutenant General
United_States
642

 
persian54's Avatar
 
Drives: SL550. Prev: E93 M3/335i/Z435i
Join Date: Jun 2009
Location: The Valley, SoCal


Posts: 15,807
iTrader: (291)

Quote:
Originally Posted by SCHMOUPE View Post
LOL yup.

To the OP, are you here bragging about the fact that you still live at home and spending money you don't have on a car? Just wanted to make sure I got it right
In some cultures, one lives at home until s/he is engaged/married. Thus, it's normal to have a couple investment properties while living at home, only to either A) purchase a new property once you're engaged to move into or B) kick out a tenant (thus, changing an asset to a liability, but you do need a place to live with your soon-to-be wife).


Btw op, this thread won't come out pretty lol.

Did you lease or buy? payment seems low for a buy.
Appreciate 0
      04-03-2014, 11:10 PM   #7
Mr. Liu
First Lieutenant
13

 
Mr. Liu's Avatar
 
Drives: 2011 AW/FR E90 M3
Join Date: Jul 2010
Location: Los Angeles, CA


Posts: 301
iTrader: (0)

lolololol boy oh boy
__________________
Turner - Megan - Rogue Engineering - RDSport - AFe - Akra
Appreciate 0
      04-03-2014, 11:29 PM   #8
Mr Tonka
Tonka.... Mr. Tonka
United_States
54

 
Drives: Exceptionally well :)
Join Date: Feb 2009
Location: Tampa, FL


Posts: 1,197
iTrader: (0)

I can't afford my car.
__________________
-Joe


"Government is the great fiction, through which everybody endeavors to live at the expense of everybody else." — Frédéric Bastiat
Appreciate 0
      04-03-2014, 11:32 PM   #9
ddk632
Professional Orangeer
United_States
45

 
Drives: Bacon
Join Date: Mar 2012
Location: South Florida


Posts: 1,933
iTrader: (0)

Garage List
I can't afford your car either!
__________________
ddk632 | David Khaykin | (The K* is Silent!)
flickr photos [ Best Of | BMW | Motorcycles & DSLR's ]
* First K only, credit to Billup
Appreciate 0
      04-03-2014, 11:37 PM   #10
HFW003
Major
Australia
24

 
HFW003's Avatar
 
Drives: Havana 328 Modern Line
Join Date: Apr 2013
Location: Newcastle, Australia


Posts: 1,178
iTrader: (0)

I can afford all your cars
__________________
2013 Havana 328 Modern Line with Xenons,HK stereo, Sports seats, Sunroof, Pro Nav, VSS, adaptive suspension, 19" 401's and other bits and pieces.
Appreciate 1
      04-03-2014, 11:42 PM   #11
M-Power M3
Retrograde
7

 
M-Power M3's Avatar
 
Drives: 2006 M3 SMG
Join Date: Nov 2007
Location: Central Coast


Posts: 352
iTrader: (0)

Mines not that special but its been paid off. Saving for a house now even though I love the apartment I'm in. Great location (pub and wine tasting all walking distance) and no yard work. Have considered getting back into an M3 or another car but then I remember how much I hate car payments.
__________________
Bagged e85 Z4 | www.ogretrograde.com

Bagged TT 225Q SOLD - e46 M3 SOLD - W202 SOLD - e46 325i SOLD
Appreciate 0
      04-04-2014, 03:01 AM   #12
wuufer001
Colonel
Taiwan
156

 
wuufer001's Avatar
 
Drives: 2006 E90 M/T
Join Date: Mar 2006
Location: DFW, TX//Taiwan//South Africa


Posts: 2,305
iTrader: (5)

Garage List
2006 325i  [4.67]
Don't even have a car under my name now lol
am driving a company car which basically it's mine, just not under my name
__________________
Appreciate 0
      04-04-2014, 06:08 AM   #13
fireline43
Lieutenant
23

 
Drives: 2013 Mercedes C250
Join Date: May 2012
Location: South Florida


Posts: 497
iTrader: (0)

Just depends on your priorities. Anything over a honda civic is not needed. Anything over a 2/3 bedroom home is not needed for a couple with one kid. Anything over a timex watch is not needed. Anything over a cup of coffee at 7/11 is not needed. It's all about how you want to live.
I would say if your goal is to get the house in the suburbs, you should focus on saving for that though. Could get a cheaper sporty car for now and the bmw once you get the house over with.
Appreciate 0
      04-04-2014, 06:18 AM   #14
The_Tuner_Guy
Registered
0

 
Drives: 2004 CTS-V
Join Date: Apr 2014
Location: The Dyno


Posts: 0
iTrader: (0)

If you're really currently "attempting to save for a house", WHY would you have a $630 car payment? Over three years you could save over 20k if you didn't have that payment.

Doesnt sound like buying a house is really a priority of yours, then again I have no idea what other investments/savings you have.
__________________
04 CTS-V_Redesigned 08+ GM rear end_G force anti-wheel hop axles_1 7/8" LTs_3" duals_200shot_EFIlive
Appreciate 0
      04-04-2014, 06:40 AM   #15
gatorfast
Colonel
61

 
gatorfast's Avatar
 
Drives: MR E90 M3
Join Date: Jan 2008
Location: SoFla


Posts: 2,628
iTrader: (3)

Cant believe no one mentioned that fact that he has a 3yo son. Dude needs to get his priorities straight.
Appreciate 0
      04-04-2014, 07:03 AM   #16
The_Tuner_Guy
Registered
0

 
Drives: 2004 CTS-V
Join Date: Apr 2014
Location: The Dyno


Posts: 0
iTrader: (0)

Quote:
Originally Posted by gatorfast View Post
Cant believe no one mentioned that fact that he has a 3yo son. Dude needs to get his priorities straight.
This as well.

I'll buy your car, OP.
__________________
04 CTS-V_Redesigned 08+ GM rear end_G force anti-wheel hop axles_1 7/8" LTs_3" duals_200shot_EFIlive
Appreciate 0
      04-04-2014, 07:08 AM   #17
Billup
Oh you fancy, huh
Azerbaijan
70

 
Billup's Avatar
 
Drives: Your mum crazy.
Join Date: Jun 2013
Location: Baconopolos Island


Posts: 748
iTrader: (0)

I'm living well above my means, basically in poverty due to all the things I own and my raging crack habit.
__________________
2012 Black Motorbike
2008 Red Car
Appreciate 0
      04-04-2014, 07:12 AM   #18
E92Atlanta
Private
11

 
Drives: 2010 E92 Alpine White
Join Date: Oct 2013
Location: NE Atlanta


Posts: 56
iTrader: (0)

Quote:
Originally Posted by The_Tuner_Guy
Quote:
Originally Posted by gatorfast View Post
Cant believe no one mentioned that fact that he has a 3yo son. Dude needs to get his priorities straight.
This as well.

I'll buy your car, OP.
What does my son have to do with it?

I provide everything for him. Daycare, food, clothes, and a place to live. I wouldn't have bought a car that got in the way of me financially providing for him. His mother is in school full time, and I even work extra on the weekends at my old college job to support all 3 of us.

So....what about my son?
Appreciate 0
      04-04-2014, 07:13 AM   #19
ddk632
Professional Orangeer
United_States
45

 
Drives: Bacon
Join Date: Mar 2012
Location: South Florida


Posts: 1,933
iTrader: (0)

Garage List
Quote:
Originally Posted by fireline43 View Post
Just depends on your priorities. Anything over a honda civic is not needed. Anything over a 2/3 bedroom home is not needed for a couple with one kid. Anything over a timex watch is not needed. Anything over a cup of coffee at 7/11 is not needed. It's all about how you want to live.
I would say if your goal is to get the house in the suburbs, you should focus on saving for that though. Could get a cheaper sporty car for now and the bmw once you get the house over with.
It is so wasteful to get a cup of coffee at 7/11.
I do fine with bread and water.

Instead of coffee, one can just do jumping jacks.
Jacks you right up!
__________________
ddk632 | David Khaykin | (The K* is Silent!)
flickr photos [ Best Of | BMW | Motorcycles & DSLR's ]
* First K only, credit to Billup
Appreciate 0
      04-04-2014, 07:17 AM   #20
ddk632
Professional Orangeer
United_States
45

 
Drives: Bacon
Join Date: Mar 2012
Location: South Florida


Posts: 1,933
iTrader: (0)

Garage List
Kids love BMWs.
I don't see the problem here.
__________________
ddk632 | David Khaykin | (The K* is Silent!)
flickr photos [ Best Of | BMW | Motorcycles & DSLR's ]
* First K only, credit to Billup
Appreciate 0
      04-04-2014, 07:22 AM   #21
The_Tuner_Guy
Registered
0

 
Drives: 2004 CTS-V
Join Date: Apr 2014
Location: The Dyno


Posts: 0
iTrader: (0)

Quote:
Originally Posted by Billup View Post
I'm living well above my means, basically in poverty due to all the things I own and my raging crack habit.
Come on, man. Gotta step it up to coke. You're trying to live ABOVE your means here.
__________________
04 CTS-V_Redesigned 08+ GM rear end_G force anti-wheel hop axles_1 7/8" LTs_3" duals_200shot_EFIlive
Appreciate 0
      04-04-2014, 07:23 AM   #22
TrevorM3
Major
17

 
Drives: S54
Join Date: Apr 2013
Location: Florida


Posts: 1,417
iTrader: (0)

the house is more important than the car. sell it.
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -5. The time now is 01:57 AM.




m3post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST