For those of you buying M3/M4, what payments are you looking at?

absoluteis350 · 02-24-2014, 04:10 PM

Quote:

Originally Posted by Sedan_Clan

but for me - a person with nothing else to spend his money on - 20% is reasonable and responsible.

Man.. if my buddy was spending 20% of his income on a car, it would be Beamer, Benz or Bentley, cuz his pockets never empty.

Sedan_Clan · 02-24-2014, 04:15 PM

Quote:

Originally Posted by absoluteis350

Man.. if my buddy was spending 20% of his income on a car, it would be Beamer, Benz or Bentley, cuz his pockets never empty.

Just for shits and giggles, I'm curious what percentage of everybody else's net income is spent on a car.

dmk08 · 02-24-2014, 04:23 PM

Quote:

Originally Posted by Sedan_Clan

Just for shits and giggles, I'm curious what percentage of everybody else's net income is spent on a car.

BTW I wasn't trying to make assumptions just chatting. 2k seems like reasonable rent. Don't mean to ruffle any feathers.

I don't know what my payments will bet yet but i'm guessing in the 6-7% range. That's on my income but I'm getting married on 4/5 so it'll change a little.

Sedan_Clan · 02-24-2014, 04:44 PM

Quote:

Originally Posted by dmk08

BTW I wasn't trying to make assumptions just chatting. 2k seems like reasonable rent. Don't mean to ruffle any feathers.

I don't know what my payments will bet yet but i'm guessing in the 6-7% range. That's on my income but I'm getting married on 4/5 so it'll change a little.

No worries man. No ruffled feathers.

absoluteis350 · 02-24-2014, 04:46 PM

Quote:

Originally Posted by Sedan_Clan

Just for shits and giggles, I'm curious what percentage of everybody else's net income is spent on a car.

4% before I get an M4 .. too much other stuff to do in life like traveling, fine dining, etc.

Sedan_Clan · 02-24-2014, 05:20 PM

Quote:

Originally Posted by absoluteis350

4% before I get an M4 .. too much other stuff to do in life like traveling, fine dining, etc.

Gotta love traveling. That's where I spend my money (..I love frequenting Brazil).

Black Gold · 02-24-2014, 06:53 PM

Quote:

Originally Posted by Sedan_Clan

Just for shits and giggles, I'm curious what percentage of everybody else's net income is spent on a car.

too complicated. depends on money down. I never understood basing this off of monthly payments

personally I don't finance this current car, but I plan to finance part of my new m3 based on good rates and the fact I love investing money in the market

rottjr · 02-25-2014, 06:53 AM

Looking at some of the payments being posted, I don't see how these numbers are adding up. On a 83K car (taxes included), putting 50% down would still put the payment over $900.00 for a normal 48 mo. loan. For me 48 mo. is as long as I'm willing to go.

Black Gold · 02-25-2014, 08:28 AM

Quote:

Originally Posted by rottjr

Looking at some of the payments being posted, I don't see how these numbers are adding up. On a 83K car (taxes included), putting 50% down would still put the payment over $900.00 for a normal 48 mo. loan. For me 48 mo. is as long as I'm willing to go.

most people aren't spec'ing out an 83k car, I know Im sure as hell not. Mine is 69k if I go exec pack, 65.75k if not.

Algol · 02-25-2014, 09:07 AM

Quote:

Originally Posted by rottjr

Looking at some of the payments being posted, I don't see how these numbers are adding up. On a 83K car (taxes included), putting 50% down would still put the payment over $900.00 for a normal 48 mo. loan. For me 48 mo. is as long as I'm willing to go.

I think people are assuming 60 mo loans for lower monthly payments.

absoluteis350 · 02-25-2014, 09:20 AM

Quote:

Originally Posted by KennyPowers

most people aren't spec'ing out an 83k car, I know Im sure as hell not. Mine is 69k if I go exec pack, 65.75k if not.

I think mine spec'd out to 92k.. pretty stupid, I know.. but I plan on keeping it a long time.

Black Gold · 02-25-2014, 09:38 AM

Quote:

Originally Posted by absoluteis350

I think mine spec'd out to 92k.. pretty stupid, I know.. but I plan on keeping it a long time.

I wouldn't say its stupid, its what you want.

dmk08 · 02-25-2014, 09:57 AM

Quote:

Originally Posted by KennyPowers

I wouldn't say its stupid, its what you want.

Exactly.

I'm at 74k for my F82 now that I'm dropping DCT. I think it is still well optioned. Exec, Lighting, HK, Suspension, Wheels.

absoluteis350 · 02-25-2014, 09:59 AM

Quote:

Originally Posted by KennyPowers

I wouldn't say its stupid, its what you want.

I heart you for making me feel better.

Sedan_Clan · 02-25-2014, 10:24 AM

Quote:

Originally Posted by rottjr

Looking at some of the payments being posted, I don't see how these numbers are adding up. On a 83K car (taxes included), putting 50% down would still put the payment over $900.00 for a normal 48 mo. loan. For me 48 mo. is as long as I'm willing to go.

The ///M3 that I order sure as hell won't be $83k. My spec's put it right around $70k.

Benjamin · 02-25-2014, 10:26 AM

Am I the only one who wants the base model F82? Even then it will be nearly $70,000 with TTL.

Sedan_Clan · 02-25-2014, 10:27 AM

Quote:

Originally Posted by Benjamin

Am I the only one who wants the base model F82? Even then it will be nearly $70,000 with TTL.

A base F8X is actually pretty damn good.

dmk08 · 02-25-2014, 10:46 AM

Quote:

Originally Posted by Sedan_Clan

A base F8X is actually pretty damn good.

I agree. I still think im getting ripped off on this lighting pack. But I worry about resale with packages like that.

Sedan_Clan · 02-25-2014, 10:47 AM

Quote:

Originally Posted by dmk08

I agree. I still think im getting ripped off on this lighting pack. But I worry about resale with packages like that.

I don't think the absence of the Lighting package will hurt resale as much as the absence of the ZEC Executive package (..not that I spec any car based on the presumption of a higher resale).

changw1 · 02-25-2014, 11:49 AM

I have been puzzled by a lot of the rate quote on this thread. I think people are mixing lease rate versus a financed purchase and the BMW Select Finance with balloon payment added to further confusion.

For a plain vanilla financing, here are what monthly payments should look like assuming a 2% interest rate:

36 Months: $286 per month per $10,000 of loan
48 Months: $217 per month per $10,000 of loan
60 Months: $175 per month per $10,000 of loan

Assuming the all in cost of your vehicle is $70K and you put $20k down, the monthly payment will be $1085 (48 mo loan) and $875 (60 mo loan).

Sedan_Clan · 02-25-2014, 11:57 AM

Quote:

Originally Posted by changw1

I have been puzzled by a lot of the rate quote on this thread. I think people are mixing lease rate versus a financed purchase and the BMW Select Finance with balloon payment added to further confusion.

For a plain vanilla financing, here are what monthly payments should look like assuming a 2% interest rate:

36 Months: $286 per month per $10,000 of loan
48 Months: $217 per month per $10,000 of loan
60 Months: $175 per month per $10,000 of loan

Assuming the all in cost of your vehicle is $70K and you put $20k down, the monthly payment will be $1085 (48 mo loan) and $875 (60 mo loan).

Most lease.....people who finance outright are the minority. Informative post however.

signes · 02-25-2014, 12:05 PM

Quote:

Originally Posted by Sedan_Clan

Most lease.....people who finance outright are the minority. Informative post however.

People who lease seem to be more vocal.

Don't also forget that some people actually save (gasp) and buy cars for cash.

02-25-2014, 06:53 AM	#52
rottjr Private First Class 28 Rep 109 Posts Drives: m4 Join Date: Jan 2014 Location: Northern Virginia iTrader: (0)	Looking at some of the payments being posted, I don't see how these numbers are adding up. On a 83K car (taxes included), putting 50% down would still put the payment over $900.00 for a normal 48 mo. loan. For me 48 mo. is as long as I'm willing to go.
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02-25-2014, 10:26 AM	#60
Benjamin Private 6 Rep 94 Posts Drives: Camry Join Date: Dec 2011 Location: IL iTrader: (0)	Am I the only one who wants the base model F82? Even then it will be nearly $70,000 with TTL.
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02-25-2014, 11:49 AM	#64
changw1 Private First Class 16 Rep 86 Posts Drives: 2014 M5 6MT, 2010 Evo Join Date: Feb 2014 Location: Richmond VA iTrader: (0)	I have been puzzled by a lot of the rate quote on this thread. I think people are mixing lease rate versus a financed purchase and the BMW Select Finance with balloon payment added to further confusion. For a plain vanilla financing, here are what monthly payments should look like assuming a 2% interest rate: 36 Months: $286 per month per $10,000 of loan 48 Months: $217 per month per $10,000 of loan 60 Months: $175 per month per $10,000 of loan Assuming the all in cost of your vehicle is $70K and you put $20k down, the monthly payment will be $1085 (48 mo loan) and $875 (60 mo loan).
	Appreciate 0 Quote