[F30619]

I currently own a e60 535i bought it from carmax about 2 years ago with 56 k Miles bought it with Carmax warranty

Car was in a accident about a year ago... hydroplaned during the San Diego storms caused about 20 k of damage to the car

got the car back and it does not drive the same... has many problems.. turbo rattling suspension problems etc and car just seems to be bad luck

about two weeks ago tried to trade in my car at carmax and the most they would give me is 17 k for the car me still owning 24 k, i got approved from navy fed for 34,500 with 7.2 percent for 72 months... so the most car i can get is about 24-27 k

so im looking at the 2007-2008 335i coupe should i go thru with it or just stick with what i have. Here are pics below of my E60

http://img.photobucket.com/albums/v6..._4227442_n.jpg

http://img.photobucket.com/albums/v6..._4720118_n.jpg

is it worth shelling out more money going to a BMW dealer and getting a 09... or newer or getting approved there is harder then Navy fed? any other banks i should try with

[carlos916]

try u luck at the dealership.. 7.2 percent is kinda high for a 72month loan.. i wouldn't settle for anything over 5% but then again it all depends on your credit ... also since u have warranty though carmax have u tried getting your cars issues fixed through them if not try your insurance company when u filed ur accident claim.. if the problems are related to the accident then they should be fix it under that claim.. GL!

[GmoBmw]

Thats pretty high Interested man.. I would either try to get a Loan at a Dealership or at a Credit Union.

[rrandyy]

So you want to borrow $35k to buy a car worth $25k? It sounds like you don't have the finances.

[aandrew335]

Originally Posted by rrandyy

So you want to borrow $35k to buy a car worth $25k? It sounds like you don't have the finances.

+1.

Itll cost you less to spend maybe 1k to fix the car you currently have and drive it until its paid off. No matter how good of a condition the car is in, with an accident you arent gonna get to much more then what carmax just offered you.

Sounds to me like all you need is a good shop, or mechanic to do this work and all will be well.

[edirtaynine]

72 month finance plan + high apr + upside down loan to value from the start = FAIL

[BaMBaM4002]

Originally Posted by rrandyy

So you want to borrow $35k to buy a car worth $25k? It sounds like you don't have the finances.

Taking out $35k then paying off the $7k difference on the E60 (carmax gives him $17k but he owes 24k) So that leaves him with only <$28k to spend. But yeah the 7%+ APR sucks

[335iJWC]

i would stick with the E60, if there are issues from the accident notify the insurance.

[techwhiz]

If the car wasn't fixed correctly and has issues the insurance should be getting the e60 right. If it has turbo rattles after the accident then they should fix. I wouldn't settle for a messed up car if I had insurance.

I don't know what your credit is like but 7% is sky high.
BMW is offering 2.99% on 60 month loans.

I'm currently paying 2.75%.

Go to the insurance company and have them reopen the claim for the e60 and make them fix it the right way.

[calturf24]

Originally Posted by techwhiz

If the car wasn't fixed correctly and has issues the insurance should be getting the e60 right. If it has turbo rattles after the accident then they should fix. I wouldn't settle for a messed up car if I had insurance.

I don't know what your credit is like but 7% is sky high.
BMW is offering 2.99% on 60 month loans.

I'm currently paying 2.75%.

Go to the insurance company and have them reopen the claim for the e60 and make them fix it the right way.

Agreed, either that or insist that the insurance company compensate you for loss of value like when they "salvage title" cars. The interest rate is horrible, credit unions are no longer a "go to" on auto loans, they're much higher than the rates fed banks and CPO programs are offering at between 0-3% for prime credit.

Ultimately, it sounds like it would be a poor purchasing decision, you would be rolling a LOT of negative equity into a 4-5 year old car that will only put you further in the hole, with Tax, title, and license fees you'll end up being atleast $10,000 upside-down on the 335i if you aren't putting that difference down. You'll be stuck in that car forever with an enormous payment for the model of car.

[jj970]

Originally Posted by calturf24

Agreed, either that or insist that the insurance company compensate you for loss of value like when they "salvage title" cars. The interest rate is horrible, credit unions are no longer a "go to" on auto loans, they're much higher than the rates fed banks and CPO programs are offering at between 0-3% for prime credit.

Ultimately, it sounds like it would be a poor purchasing decision, you would be rolling a LOT of negative equity into a 4-5 year old car that will only put you further in the hole, with Tax, title, and license fees you'll end up being atleast $10,000 upside-down on the 335i if you aren't putting that difference down. You'll be stuck in that car forever with an enormous payment for the model of car.

OR...you could buy my 07 e92 TiAg with Sport and Premium from me! Basically stock. I have a JB+ in it that's it. 60K miles. Still has CPO until October 2012.