02-12-2006, 12:42 AM | #1 |
Carmudgeon
Join Date: Apr 2005
Carmudgeonly Ride: Golf TDi
Location: Peoria, IL
Posts: 3,283
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Placed our E90 order today
330i, PP/CW/Comfrot Access, Arctic/black/Walnut.
Tax/upfront fees $3700(ish) 36/15k = $510/month We may decide to put less down and roll it in since the MF is good enough that we wouldn't be paying a bunch on interest. We could put as little down as $800 and still be around $600/month.
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Jason Last edited by Optimus Prime; 02-12-2006 at 02:41 PM. |
02-12-2006, 01:20 AM | #2 |
Mugwump
Join Date: Oct 2003
Carmudgeonly Ride: E46 330i, Chevy Colorado, Tesla Model 3
Location: NY
Posts: 17,475
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Congrats.
My vote: put less down. |
02-12-2006, 01:39 AM | #3 | |
Vicarious Twitterer
Join Date: May 2005
Carmudgeonly Ride: 06 330 cic ZHP
Location: CT
Posts: 7,566
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Quote:
I still can't believe a lot of you guys pay that kind of money in monthly payments for cars, it's astonishing to me, but I'm old school that way, I can still remember being uncomfortable with car payments at around the 250 dollar mark. Today, I pay cash or "borrow" the money from myself and pay it back with interest, but I'm not sure it really matters, cars are a losing proposition that we'll always be paying for no matter how you look at it Ed |
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02-12-2006, 03:41 AM | #4 |
Jeeped
Join Date: Sep 2005
Carmudgeonly Ride: Modified Jeep Tj and '07 Miata
Location: Seattle
Posts: 10,214
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True enough. Although, I've made up my mind not to buy another new car. I think I'd rather let someone else take the depreciation hit. This experience with the Miata was painful. If I ended up keeping the car for a long time as I originally figured on it wouldn't be that bad but having to sell after 2 1/2 years . . .
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02-12-2006, 08:14 AM | #5 | |
Western Anomaly
Join Date: Oct 2003
Carmudgeonly Ride: White Orca
Posts: 16,614
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Quote:
second: dunno, Ed. while i'm like you and typically pay for everything (house included) up front, there is merit to the notion of not paying in full for things that depreciate. better ways to spend the money and waste it rather than have NADA dictate to me how much money i've just wasted driving a new car off of the lot fully paid off. but the other side of it, not having the monthly payment and having the title makes it seem "free" to a numbskull such as myself. which then drives the car wanderlust.
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02-12-2006, 08:22 AM | #6 |
Carmudgeon
Join Date: Apr 2005
Posts: 4,669
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How come you didn't let us help you pick out the exterior color, interior color, options of other cars, take 3 yrs to make a decision, etc. etc
Just kidding of course ... congrats !!!! |
02-12-2006, 09:37 AM | #7 | |
Mugwump
Join Date: Oct 2003
Carmudgeonly Ride: E46 330i, Chevy Colorado, Tesla Model 3
Location: NY
Posts: 17,475
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Quote:
Buying cars with deep discounts, and not turning over quickly are the dominating factors. I'll bet there's a factor of 2 or 3 difference in cost to own over a 10 year period between the two extremes (buy high, trade often, vs buy low and hold). I'm not saying you shouldn't buy often if you enjoy it, but many folks don't understand the cost... it's hilarious how many focus on monthly payment while ignoring the dominating cost factors. Last edited by rumatt; 02-12-2006 at 10:17 AM. |
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02-12-2006, 11:48 AM | #8 | |
Carmudgeon
Join Date: Apr 2005
Posts: 4,669
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Quote:
OTOH the one major thing I like with leasing is the feeling of 'who cares' being that it's a lease ... in reality it makes no sense to feel that way since you have the car for the same period of time but for some reason in my mind it's a benefit (plus it is also a legitmate business expense which is always a plus) |
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02-12-2006, 12:18 PM | #9 | |
Vicarious Twitterer
Join Date: May 2005
Carmudgeonly Ride: 06 330 cic ZHP
Location: CT
Posts: 7,566
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Quote:
Given the quality of cars today, I not as interested in buying new, in fact, with the Z4, I paid 19,000 dollars under the MSRP on a one-year-old car. It's still like new, IMO, same as it would be after about a month or so of buying it new yourself. The nice thing is, it's got options I would never have ordered but fully enjoy like nav and extended leather. I'm seeing nice savings on E90's with low mileage as well. Given the fact they're going to have the balance of the warranty and a good deal of free maintenance, I'd be buying mine lightly used. I bought our Subaru Outback new this summer because I got it at a "used" price via a dealer clearance sale in new Hampshire- they even delivered it to out house in CT. Nice. It pays (sometimes handsomely) to shop. Ed |
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02-12-2006, 12:30 PM | #10 | |
Mugwump
Join Date: Oct 2003
Carmudgeonly Ride: E46 330i, Chevy Colorado, Tesla Model 3
Location: NY
Posts: 17,475
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Quote:
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