Anyone know anything about BMW Select Financing?
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I will be making enough to pay double my minimum student loan payment, a car payment, and rent, insurance, cell phone, living expenses, etc...I'm looking at TDI's now though because of the great mileage..and they are only around 27 new with all the bells and whistles and I believe the warranty was better than BMW...I owe so much for student loans that I won't be able to pay it off for 15+ years anyways, I went to a private college..I don't want to continue putting money into shitboxes and I don't want to worry about whether or not my car is going to run when I need to get to work the next morning. I've put 1500 into the Audi, and I'm about to drop another 500, forced to take money from my savings account which is supposed to be my first few student loan payments and my down payment on whatever car I decide to get. I, unfortunately do not have mechanical skills and none of my friends will work on Audis so I always have to take it in.
You guys are giving great advice though and I do appreciate it, it does have me thinking...but again...I don't want to stay in Wisconsin so I'm not looking for houses for a long time.
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+1 on not looking for a house for a long time! Despite great interest rates, its not a good idea right now. Rental property on the other hand... now that would be a smart investment!
Plus I'd much rather have both my cars than a house! 
Silver Grey E46 M3
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pffffff its all german engineering so its all the same to me.
but yea seriously im surprised nothing bad has happened to the passat yet...knock on wood...i put 100+ miles a day on it and so far just scary noises in suspension areas... hurray! ..but other than that the motor has been strong...slow, but strong.
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Brian said:
Just buy a fucking E30 awd. Move on in life. You contemplate way to much. VW's are shit boxes. Tony so far is lucky. IMO VW/Audi's aren't the greatest. I've owned both, my mercedes and bmw are better then both of those car makers.
I wouldn't be able to get a large enough used car loan from a bank to afford a really clean borderline perfect 325ix..and that's still an old car that will likely break...often.. 325ix's are much more expensive to fix than the RWD e30s...every time mine broke it took forever and lots of dollars to find parts. AND! they're really hard to find 5spd..It took 6months to find the last one I had.
P.S. Ryan...I love the new avatar
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I come off as an asshole, it's an issue of mine, I'm working on it... That said, I'm not tryyyying to be one.
$40,000 isn't a lot of money. When you factor taxes into it, you're going to be taking home about $2,400/month
Realize the MSRP is for a base car, you know that. How much in accessories are you going to add? It could easily shoot to $50,000 quickly. Don't forget sales tax, assuming you're at 5.5% that's almost $3,000 for a $45,000 car that you have to factor into the loan. A quick look at a car payment estimator, using your $6000 down on a $45,000 +tax is about $760/ month... Assuming you went traditional loan.
Factor in Full coverage insurance on a $45,000+ car, for an unmarried female under 25...
Factor gas which is sitting at around $4/gallon in a car that gets about 25MPG (21/31 city/hwy). I'm NOT a math geek, but most insurance companies now say the average yearly mileage driven is 14,000. So 14,000 / 25 = 560 gallons. And 560 at $4.00 = $2,240. $2,240 / 12 months = ~ $186.60 in fuel per month. (I might be a little off on those numbers but it still rings true I think)
You easily could be spending half your monthly income on a new car. Do it if you can, but maybe you could look at a CPO car or a lower end model... No need for the 335!
Im not too far off your situation, only a few years older than you. I have a house and just bought a new car. I'm just trying to throw some ideas out there that I looked into just days ago myself. With that said, I wholeheartedly agree on new car purchases. I've wasted a ton of money on older cars. I suggested the same for my sister who is in a similar situation as you, but she leased. Might be another idea...
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Alex- not coming off as an asshole at all. I like making lists so I came up with a budget of what my expenses are, what they cost individually, and what the total expense is. I calculated out the monthly and weekly income after taxes as well..and yeah, I'll be left with no spending money but I'll be really happy when I'm in my car. The Audi gets shit mileage, my e30 got shit mileage..in fact, I think all of my cars have had shit mileage..so I'm used to a major chunk of each check going to gas..I spend roughly $200/month on gas..which is a quarter of my current income. I'm so used to being broke that it's sad. I did the "built your own" deal-io in the bimmer website and came out to $52k with a $700 payment if I went with my dream car...if I go CPO I'm looking at spending around 30-40k..My big pull toward the 335 is that I really want turbo..I've never had turbo, I feel deprived. [White girl problems right?! jeez] buuuuuuut I'm sure that I'd be just as happy in a 330xi...I keep forgetting that I'm "proposing" to Tony with a bike this summer
so that's even more of my income gone. A TDI seems like the smartest choice with gas prices but I'll never ever ever be happy in it...why make payments on something that doesn't give me happy pants?!Ryan - Tony doesn't let me have hooker orgies..lame-o right?!
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piku said:
...why make payments on something that doesn't give me happy pants?!
Ryan - Tony doesn't let me have hooker orgies..lame-o right?!
That's a very big thing to remember, there's no reason to have something you dont love, or at least like. That being said, the 335i is still not fully sorted out, they still have a lot of problems with the turbos leaking oil and going bad prematurely. They still have HPFP issues, and those are quite costly I believe. I just saw on Bimmerfest someone saying the bill to replace the turbo was $6k!! Not sure how much was parts vs labor, but that's obscene..
He was always into crack induced orgies back when I first met him
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