06-20-2019, 09:17 AM | #133 |
Lieutenant General
7563
Rep 11,939
Posts
Drives: MY24 G01 AW Msport
Join Date: Feb 2008
Location: L.I. NY
|
Did you buy the M3 and got kicked out?
|
Appreciate
1
upstatedoc7540.50 |
06-20-2019, 10:25 AM | #134 |
I can haz cheezburger?
6810
Rep 3,678
Posts
Drives: 14 Jeep/18 1500/08 e90/15 f36
Join Date: Apr 2015
Location: Miami, FL/Shelbyville, IN
iTrader: (0)
Garage List 2018 Chevrolet Silv ... [0.00]
2015 BMW 428i Gran ... [10.00] 2008 BMW 335xi [10.00] 2014 Jeep Wrangler ... [4.50] |
Yeah OP. Spill the beans as you have been hiding under a s55 crank hub.
|
Appreciate
0
|
06-20-2019, 11:44 AM | #135 |
Run Deep
15088
Rep 4,123
Posts
Drives: Back and Forth To Work
Join Date: Mar 2017
Location: The Mountains
iTrader: (0)
Garage List 2018 Alfa Romeo Giu ... [0.00]
2022 Ford Bronco 2d ... [0.00] 2016 Alfa Romeo 4C [8.50] 2019 BMW i8 Roadster [10.00] |
I didn't even bother reading the last seven pages. I stopped when I saw $42,000 car and $65,000 income and still making a mortgage payment, of which half is being paid for by someone he isn't even married to.
Are. you. insane? No. No. No. Do not buy a depreciating asset that costs nearly 3/4ths of your annual income. This is a terrible financial decision and one that will lead you down a poor path in the future because you will have now set an unattainable baseline. Think you are gonna drive an M3 around for a couple of years and then go back to a 230i? No way. It will become your new normal. Keep buying cars that you cannot afford over the course of your life and you will end up broke and miserable. Just no.
__________________
Don't sweat petty things....or pet sweaty things.
|
Appreciate
2
Alfisti7014.00 hooligan_G016541.00 |
06-20-2019, 12:02 PM | #136 |
I'll get back to you
7541
Rep 2,132
Posts |
don't candy coat it R S, tell us how you really feel.
__________________
2018 Stinger GT
2009 E90 N51 /Active Autowerke Stage 2 tune/BMW Performance Exhaust/ Countermeasure enthusiast. |
Appreciate
1
Run Silent15088.00 |
06-20-2019, 12:24 PM | #137 | |
Banned
7935
Rep 1,923
Posts |
Quote:
The above is coming from a guy who has a Ferrari on an accountant's salary. Clearly he just doesn't want you to enjoy life like he does, and that's why he's trying to steer you away and keep you miserable. Don't listen - just do it. - Nike. |
|
Appreciate
1
Run Silent15088.00 |
06-20-2019, 12:57 PM | #138 | |
Run Deep
15088
Rep 4,123
Posts
Drives: Back and Forth To Work
Join Date: Mar 2017
Location: The Mountains
iTrader: (0)
Garage List 2018 Alfa Romeo Giu ... [0.00]
2022 Ford Bronco 2d ... [0.00] 2016 Alfa Romeo 4C [8.50] 2019 BMW i8 Roadster [10.00] |
Quote:
For what it is worth, the amount paid for the Ferrari equated to a bit over 3 months household income and we have no debts, the home is paid for, and we hold a sizable retirement savings. The purchase price of the Ferrari was 6% of our net worth and was paid for with cash out of our checking account. Slight difference, there..... So, if he followed the same path as me, adjusted for his current income: - He would have his home paid for - He would have $32,000 in his checking account (6mos salary) - He would have $270,000 in retirement (4x his salary) Then he could spend $16,200 on a car, cash.
__________________
Don't sweat petty things....or pet sweaty things.
|
|
Appreciate
1
JasonCSU705.00 |
06-20-2019, 01:00 PM | #139 |
Enlisted Member
35
Rep 36
Posts |
I was in the same position as you a month ago. I have a F30 that I love. Drove a M3 fell in love again haha. Got all the paperwork ready checked my insurance... And than I saw this damn posts on social media. Buy a car for 45k or invest 45k and let it pay for the car I thought about this for like 2 weeks. Of all the opportunities I missed buying things that didn't hold value. It's a personal choice of you buying it. I would say it def. sounds like you can afford it. But do you and the gf have any goals that might need a decent amount of change in the future?
|
Appreciate
0
|
06-20-2019, 01:09 PM | #140 | |
Banned
4999
Rep 4,135
Posts |
Quote:
no shade RS; just saying tho. |
|
Appreciate
1
Run Silent15088.00 |
06-20-2019, 01:25 PM | #141 | |
Run Deep
15088
Rep 4,123
Posts
Drives: Back and Forth To Work
Join Date: Mar 2017
Location: The Mountains
iTrader: (0)
Garage List 2018 Alfa Romeo Giu ... [0.00]
2022 Ford Bronco 2d ... [0.00] 2016 Alfa Romeo 4C [8.50] 2019 BMW i8 Roadster [10.00] |
Quote:
__________________
Don't sweat petty things....or pet sweaty things.
|
|
Appreciate
4
|
06-20-2019, 03:11 PM | #142 | |
Banned
7935
Rep 1,923
Posts |
Quote:
Oh, and Run Silent - $320K / $1.33M? |
|
Appreciate
0
|
06-20-2019, 03:23 PM | #143 |
Run Deep
15088
Rep 4,123
Posts
Drives: Back and Forth To Work
Join Date: Mar 2017
Location: The Mountains
iTrader: (0)
Garage List 2018 Alfa Romeo Giu ... [0.00]
2022 Ford Bronco 2d ... [0.00] 2016 Alfa Romeo 4C [8.50] 2019 BMW i8 Roadster [10.00] |
I must be tired..... I need some help understanding this one.
__________________
Don't sweat petty things....or pet sweaty things.
|
Appreciate
0
|
06-20-2019, 03:30 PM | #144 |
I'll get back to you
7541
Rep 2,132
Posts |
accountants
__________________
2018 Stinger GT
2009 E90 N51 /Active Autowerke Stage 2 tune/BMW Performance Exhaust/ Countermeasure enthusiast. |
Appreciate
2
Run Silent15088.00 hooligan_G016541.00 |
06-20-2019, 03:34 PM | #145 |
Run Deep
15088
Rep 4,123
Posts
Drives: Back and Forth To Work
Join Date: Mar 2017
Location: The Mountains
iTrader: (0)
Garage List 2018 Alfa Romeo Giu ... [0.00]
2022 Ford Bronco 2d ... [0.00] 2016 Alfa Romeo 4C [8.50] 2019 BMW i8 Roadster [10.00] |
__________________
Don't sweat petty things....or pet sweaty things.
|
Appreciate
0
|
06-20-2019, 03:43 PM | #146 |
Captain
982
Rep 640
Posts
Drives: 2008 M3 (E93)
Join Date: Jul 2018
Location: Out and about
|
UpstateDoc is a Corrections Officer
__________________
"Hard times create strong men. Strong men create easy times. Easy times create weak men. Weak men create hard times."
|
Appreciate
3
|
06-20-2019, 04:03 PM | #147 |
Brigadier General
5555
Rep 3,353
Posts |
So his screen name should really be UpstateDOC.....
|
Appreciate
3
|
06-20-2019, 04:05 PM | #148 |
Run Deep
15088
Rep 4,123
Posts
Drives: Back and Forth To Work
Join Date: Mar 2017
Location: The Mountains
iTrader: (0)
Garage List 2018 Alfa Romeo Giu ... [0.00]
2022 Ford Bronco 2d ... [0.00] 2016 Alfa Romeo 4C [8.50] 2019 BMW i8 Roadster [10.00] |
__________________
Don't sweat petty things....or pet sweaty things.
|
Appreciate
1
zx10guy5555.00 |
06-24-2019, 01:35 PM | #150 |
Run Deep
15088
Rep 4,123
Posts
Drives: Back and Forth To Work
Join Date: Mar 2017
Location: The Mountains
iTrader: (0)
Garage List 2018 Alfa Romeo Giu ... [0.00]
2022 Ford Bronco 2d ... [0.00] 2016 Alfa Romeo 4C [8.50] 2019 BMW i8 Roadster [10.00] |
Yeah, I eventually sorted that out. I was reading the "/" as a divide by symbol.
He's a bit high on both numbers.
__________________
Don't sweat petty things....or pet sweaty things.
|
Appreciate
0
|
06-24-2019, 05:45 PM | #153 |
Second Lieutenant
231
Rep 254
Posts |
I would do it. One thing you didn't mention is your future wife's salary. At least in my marriage, her money is my money and vice versa. You seem to be a millennial like me and as long as you and your future wife will still going to be able to put money in savings, and also be able to go several months without that dual income when the babies come, get the car. Being "young" you will still have time to recover financially.
You're not buying a new M3 so the depreciation won't be horrible like my new OG M2, and also you won't have to worry about buying a bigger car, i.e. M3 because the baby arrived and it's a tight fit in the back. The f80 isn't known for being unreliable so the maintenance shouldn't be too bad. Yolo. |
Appreciate
0
|
06-24-2019, 07:10 PM | #154 | |
I can haz cheezburger?
6810
Rep 3,678
Posts
Drives: 14 Jeep/18 1500/08 e90/15 f36
Join Date: Apr 2015
Location: Miami, FL/Shelbyville, IN
iTrader: (0)
Garage List 2018 Chevrolet Silv ... [0.00]
2015 BMW 428i Gran ... [10.00] 2008 BMW 335xi [10.00] 2014 Jeep Wrangler ... [4.50] |
Tony Stark did Snap his fingers with the infinity stones so OP should be back. Maybe still crunching numbers.
Quote:
1). Return the car and walk away (Not a lease) 2). Trade it in for another BMW 3). Refinance for another 5 years |
|
Appreciate
0
|
Post Reply |
Bookmarks |
Thread Tools | Search this Thread |
|
|