AutoMay 15, 2019
Lyftforked

Can I afford a BMW?

Should I buy a 3 year old used BMW? TC: 240k YOE: 1 Have about 200k in cash right now.

Poll
284 Participants
Select only one answer
ViaSat gheiena May 15, 2019

How do you have 200k in cash if you only have 1 YOE?

Lyft forked OP May 15, 2019

Saved 130k in my first year working. Had 70k before.

ViaSat gheiena May 15, 2019

70k for just being a student? Man...

New
LadyCloser May 15, 2019

How’d you get 240 @ 1 YOE ? 😮

Cisco vzIq77 May 15, 2019

Nah short $TSLA instead

Rubrik kdbebhd May 15, 2019

How did you manage to save all that cash but you can't answer this simple question for yourself. Really makes you think

Lyft forked OP May 15, 2019

This is not necessarily a simple question. It might make more sense to not have a car or to save for a house first.

Rubrik kdbebhd May 15, 2019

It might make sense to take an airplane to work. Let's be real, you just wanted to flex

SF Motors sLhe22 May 15, 2019

Buy a new one if you are going to buy one. Unless you are a mechanic or are willing to learn to be one a 3 year old German vehicle will cost the same after maintenance and repairs.

Lyft forked OP May 15, 2019

I reaaally do not want to deal with maintenance. Don’t think I could afford new though.

Lyft ztni32 May 15, 2019

Do not buy a new car, ever. It loses 20% of its value the second it leaves the lot. Such a waste of money. If you’re going to buy a car then make it a few years old. Frankly, I think that you should be saving your money. 200 K in savings is not a lot. You’re better off investing that money and earning a return rather than dumping it into a depreciating “asset”.

Salesforce n00bmstr69 May 15, 2019

Get a new Tesla. Safe and next gen. Good look, feel, Drive, pickup, safe. Dm me for referral.

Facebook WMiK87 May 15, 2019

Does it have to be a BMW? You can afford buying it, but can you afford maintaining it? BMW is notorious for having expensive maintenance costs.

ViaSat gheiena May 15, 2019

Lexus would be good alternative.

LinkedIn gassoup May 15, 2019

Considering he lives in SF a Corolla would probably be an even better alternative as nobody gives a flying shit about it and anything nice will get broken in right away.

Novartis xHKx76 May 15, 2019

Cb

Google snatch May 15, 2019

How did you save 130 on 240 income? Is this not in Bay area?

Amazon n0v May 15, 2019

Get a 1 year used model 3.