How old are you guys when you purchased an m4 or any m series car?

[Richy Rich]

Originally Posted by bwu

22 when I placed the order, 23 now. If your family can afford it, I don't see why not but I do admit that purchasing a 75k+ car this young is stupid. My parents are also putting down 25k while I finance the rest for 5 yrs.

Lmao at if your family can afford it.

How cute.

[MRCUR]

I was 22 when I got my F80, but that's not really relevant. Age has very little to do with your ability to afford the car. Only you can truly know if you can afford the payments on a car like the M3/4.

[YMB_F80]

Originally Posted by Michael_

Hey guys. I am turning 21 soon. I loved the m4 ever since it was made!! How old are you guys that purchased this car
Reason why is..

Im about to turn 21. And we calculated I have 20k as down payment.. Rest will be 549 a month for 6 years + that 0.9% and final baloon payment of 17k!

I am also a full time student. It may sound stupid but yeah i love cars. But after thinking about my mom's payment with her infiniti(leasing ends in sept) and my sister's bmw 2011 335i, i thought about it and said it wasnt fair for her. Obviously i would help her pay if i had the m4.

So i still am a full time college student. What would you suggest? Is it too early for me? This car is absolutely no joke. I went to the dealership and saw the m4 up closely and fell in love again! It may sound stupid but it's just a dream of mine to own one of these cars at an early stage in life

Hmmm OP. If I were you I wouldn't do it until you are able to put help your mom with the downpayment and be able to manage the monthly payments. Many of the members on here probably don't know, but I am 21 also got my 2015 M3 back in September 2014. But I managed to put 53k down with a 20k loan from my parents. (Which I am paying back) On top of my monthly payments of $660 a month for 36 months. I am also a full time student, but I work on weekends. If you are able to manage all of that then go ahead.

Originally Posted by Merli

Apologies if I read this wrong, but this is what I understood from the above:

1. Full time student.
2. Little-to-no-income.
3. Mother already has to make repayments on 2 other cars.
4. 20 year old son still lives at home, assumingly not paying rent or food.
5. 20 year old son wants an $80k car, which mommy needs to finance.
6. 20 year old son is feeling generous and wants to help mommy with the repayments.

Yeah..... I love cars too.... and private islands, Gulfstream jets and trips to Mars, but I didn't expect my mommy to pay for all of these when I was 20 years old.

Keep driving your Civic, and earn your M4. It will feel sooooooo much more gratifying in the future, trust me.

Parents bought me a used 335i back in 2012 as my first car and that was it. They told me if I wanted this car I would have to pay it off myself. Before my dad helped me cosign the loan, he told me straight to my face and in-front of the sales guy. If you can't pay off this car by yourself, I don't care if they repo it. Guess my drive everyday is to prove him wrong haha.

Originally Posted by FC4

YOLO bro. Just do it. Forget what the hataz say.

Not great advice for a guy that is barely going to be turning 21..

[hk401]

I'm 26. I bought M3 E92 2012 $50K and my plan to pay off within 2 or 3 years, then I will trade in for the used M4.

[Flashman666]

I bought my first M for my 29th birthday, a gently used E92. 32 now and upgraded to the new F82.

[IRNM4N]

Originally Posted by JoeyBananas

How the hell does a 21yr old afford a $75,000 car, lol.

Anyway. I'm 33 and made sure I had a good job and house purchased before I thought about such an expensive car.

I bought an S2000 at 23 and that was a bit of stretch, lol

You and I are very similar!!! Keeping the s2k too thankfully!

[IRNM4N]

I will turn 33 the day before my ED. It is all relative to your financial plan (or lack thereof)... I own a IT consulting company and still feel a little guilty throwing down this much on a depreciating asset. Life is all about balance though, so regardless of your decision- best of luck!

[weihao3636]

I am 24.. When i was 17 driving my dad van for about a year than got my first bmw 328I 07 after 3 years later being 21 i got my first M E90 2010 Fall in love with M cars Now im 24 getting my M4 This July once the 2016 comes out ! But when i had my 328i It was hard.. did not know how make money much and trust me Owning a Bmw is not a easy thing if your not working and making at least 4000-5000 a month

[bjams]

Originally Posted by jballs16

I wish I put 20k in a Roth ira at 21

Me too. But, that's also not possible.

[sA x sKy]

I'm 21 as well.. My parents got me 2011 335xi back in 2010. 5 years later, I'm on a full scholarship in a 6 year pharmacy school (2 years left) and I live at home and work part time as a pharmacy intern. Yeah it's probably not wise to use my $2500/month paycheck on a $1000 car payment...but yolo. I think it completely depends on the situation. If you don't have to stretch, then go for it.

As it is, still haven't decided on a M4 or a Cayman GTS lol.

[catchchu]

ITT a lot of early 20s privileged kids.

[djali639]

24, placed an order 2 days ago for ED in May, graduating in May with a guaranteed 6 figure salary. I've always dreamt of an M but if I wasn't making at least 6 figures I could never pull the trigger.

[djali639]

Originally Posted by sA x sKy

I'm 21 as well.. My parents got me 2011 335xi back in 2010. 5 years later, I'm on a full scholarship in a 6 year pharmacy school (2 years left) and I live at home and work part time as a pharmacy intern. Yeah it's probably not wise to use my $2500/month paycheck on a $1000 car payment...but yolo. I think it completely depends on the situation. If you don't have to stretch, then go for it.

As it is, still haven't decided on a M4 or a Cayman GTS lol.

I graduate from pharm school this May

[MFNATIK]

honestly this is a car forum, get it if you can afford it. I don't care if your parents paid it or you are just independently wealthy. most of us just come here to discuss about the cars and our ED. go to a Reddit financial self forum if you want honest advice. come here if you want to talk about your M3 once you get it.

[Ghetto2315]

28 when I got my new E92 M3. I'm 31 now with the F82 M4.

[Zane.BMW]

Originally Posted by MFNATIK

honestly this is a car forum, get it if you can afford it. I don't care if your parents paid it or you are just independently wealthy. most of us just come here to discuss about the cars and our ED. go to a Reddit financial self forum if you want honest advice. come here if you want to talk about your M3 once you get it.

i like how you think. lol

[Dethsupp0rt]

Originally Posted by MFNATIK

go to a Reddit financial self forum if you want honest advice. come here if you want to talk about your M3 once you get it.

I think if you get your financial advice from Reddit, you're going to have a bad time.

Then again, I'm in my mid-40s and probably make less than 50-66% of the people here. Maybe I could stand to visit that subreddit.

[YMB_F80]

Originally Posted by MFNATIK

honestly this is a car forum, get it if you can afford it. I don't care if your parents paid it or you are just independently wealthy. most of us just come here to discuss about the cars and our ED. go to a Reddit financial self forum if you want honest advice. come here if you want to talk about your M3 once you get it.

Op comes back next week with M4

[Mako]

21 when I got my first M, but it was a used M Roadster, paid $32,000 with tax (number will always be stuck in my head), was a measly assistant manager at Walgreens, living with parents at the time, haha, chicks loved that car!

Now I am 35, and thinking of my first "new" M, I think others are right there are many more important priorities before spending $75k on a car, but I guess it all depends on your life goals, for me it was 1) finish school 2) Pay off debt 3) get married and have kids 4) buy a house I could live in until retirement 5) build up 401K to a good level 5) buy my "dream" car (dream as in what I can comfortably afford without effecting the rest of my families lifestyle). But I won't lie I had some nice cars along the way just never spent over $55K for them.

[Jeffland]

I'm 22 right now but I'm planning on putting in the order for my M4 for my birthday here in 2 weeks. I graduated from a one of the military academy's back in June 2014 with an engineering degree and currently making $80k/ year which is going to go up soon hopefully.

I have no student loans since my schooling was all paid for so I have no doubt in my mind that I can pay the car off in 5 years since right now I'm not paying for much. I've been dreaming about an M car for as long as I can remember and at this point I'm not willing to let it go and I figure if I don't get it now I'll never be able to afford it lol

[Bluex]

Originally Posted by Jeffland

I figure if I don't get it now I'll never be able to afford it lol

I'm not sure I follow your logic with that. Why will you ONLY be able to afford it now????

Sure, your incurred debt is low right now, but that doesn't necessarily equate to affordability. Think ahead though.....think of if you want to buy a home, get married, ect ect ect.

Many people, myself included, get a nicer car when they are young (mine wasn't a 70K sports saloon, however) and have little debt....but then life creeps up and you make changes to what's important.

I "graduated" to family sedans and SUV's......and now I *can* afford an M3 again.

Why, if you dont buy it now, will you no longer be able to get it later? Hopefully, with good planning, "later" you'll be in a much better financial position than you are now

[bmwhoo]

Hahaha...there's all sorts of retarded in this thread. That much is certain. Can't even imagine asking my parents to help me out with a car at 21 much less any other time in my life. Not because they couldn't afford it but because I was always taught to be my own man. Sorry if harsh, but just bc your parents can afford it doesn't mean that you should make them help you with it / buy it for you...how about earning it for yourself and, in the meantime, making sure you're making sound financial decisions

Originally Posted by GrussGott

There's a part of your brain called the Prefrontal Cortex - in most people it doesn't finish developing until about 25 or sometimes as late as 27, 28. It's the prefrontal cortex that weighs outcomes, forms judgments and controls impulses and emotions ...

In short it controls decision making; it's what allows you to make good decisions - in adults various parts of the brain work together to evaluate decisions, but in people under 25 this isn't the case.

Said differently, you're saddled with a sort of brain damage right now. Your decision-making is retarded.

It's an important safety tip to remember as you attempt to not die or otherwise injure yourself.