11-14-2020, 09:30 AM | #331 |
dogged
Join Date: Dec 2003
Carmudgeonly Ride: '22 M440 xDrive GC
Posts: 13,297
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11-14-2020, 10:14 AM | #332 |
Hello.
Join Date: Mar 2004
Carmudgeonly Ride: '09 X3, '11 328xiT, '11 135i C, '17 c2, '19 X5
Location: Downingtown, PA
Posts: 5,531
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why not a CPO x3?
https://www.autotrader.com/cars-for-...ckType=listing
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Josh (PA) - '19 X5 '17 991.2 C2 Cab '11 135i Convertible '11 328xiT '09 X3 |
11-14-2020, 10:15 AM | #333 | |
dogged
Join Date: Dec 2003
Carmudgeonly Ride: '22 M440 xDrive GC
Posts: 13,297
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Quote:
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11-14-2020, 11:12 AM | #334 | |
I like BMWs
Join Date: Oct 2003
Carmudgeonly Ride: X5 M50 / M550
Location: Boston, MA
Posts: 5,789
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Quote:
Why pay $50k for a used one when you can get a new one for around same price? I was curious about this too and even the cheapest CPO 2018 I could find was over $40k. With a good discount and rebates a new M40 can be had in low/mid-50’s depending on option level. When you’re talking $5-10k delta for new vs. 2-3 year old used it seems like a no brainer to go new.
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2020 X5 M50i -- Alpine White / Coffee Leather 2020 M550i -- Carbon Black / Beige Leather |
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11-14-2020, 11:17 AM | #335 | |
dogged
Join Date: Dec 2003
Carmudgeonly Ride: '22 M440 xDrive GC
Posts: 13,297
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Quote:
Edit: I do still have the CCA rebate. USAA has ceased theirs, alas. |
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11-14-2020, 11:24 AM | #336 | |
I like BMWs
Join Date: Oct 2003
Carmudgeonly Ride: X5 M50 / M550
Location: Boston, MA
Posts: 5,789
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Quote:
Any reason you wouldn’t be willing to finance some part of it, even if only briefly? You could finance $10k just to get the credit and then pay it off whenever you want. Dealer might ask you to keep the loan for 90 days but even if you don’t do that, there really is no penalty to you.
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2020 X5 M50i -- Alpine White / Coffee Leather 2020 M550i -- Carbon Black / Beige Leather |
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11-14-2020, 11:26 AM | #337 | |
dogged
Join Date: Dec 2003
Carmudgeonly Ride: '22 M440 xDrive GC
Posts: 13,297
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Quote:
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11-14-2020, 12:14 PM | #338 | |
I like BMWs
Join Date: Oct 2003
Carmudgeonly Ride: X5 M50 / M550
Location: Boston, MA
Posts: 5,789
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WDC's Practical Car Perseveration
Quote:
Not sure what your house search looks like but if you think you have a decent shot of finding a house you’d like in the next month or two, I’d probably just wait for that process to happen. Re: loan approval impacts, I agree it’s better to avoid curveball w/ new inquiry for a car loan, but also guessing a $60k or even $30k cash purchase at this point would raise some eyebrows too. I think you’d want to disclose either one to your lender at this point. 😁 Payment on a $10k loan will be tiny so unlikely to distort any debt ratios, and therefore not sure a $10k loan and rest in cash vs. paying full balance in cash would be materially different in eyes of the mortgage underwriter.
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2020 X5 M50i -- Alpine White / Coffee Leather 2020 M550i -- Carbon Black / Beige Leather |
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11-14-2020, 01:00 PM | #339 | |
dogged
Join Date: Dec 2003
Carmudgeonly Ride: '22 M440 xDrive GC
Posts: 13,297
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Quote:
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11-14-2020, 10:27 PM | #340 |
Relic
Join Date: Oct 2003
Carmudgeonly Ride: A very fast golf cart
Location: The Valley of the Sun
Posts: 12,821
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We ended up paying cash for the Model Y less than 30 days before closing on the TX house...
We mentioned it to the mortgage guy just before the purchase, and the cash was already out by the time underwriting took place. Didn’t get any other questions...
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