BMW M5
I currently own 2018 330. I really want an M5 … but the new ones go as high as $100k and the used ones are around $90k-$70k depending on their mileage and year … mileage being around $20k and year being 2019-2018. If you owned BMWs, you know they aren’t cheap to maintain … also after 45k miles or 4 years the manufacturer guarantee expires and you are on your own…. Should I drop the dollars and buy the new one or a used one or just don’t buy it as it is a waste of money ? TC $440k, YOE 7, Age 34 cash net worth > $ 1 M Don’t own a house
Why are you keeping 1 million in cash? Responsible thing is not to buy a 100k car but if it's your dream car then it's your call.
Have you considered the M550i instead of the M5? M550i is more comfortable than the M5 for day-to-day, and still packs quite a punch.
I have. However my 330 is as good as that for day to day commute. I also work like there is no tomorrow… so I don’t use cars that much. The M5 thing is pure for pleasure and speeding tickets I guess :)))
I don't think you've tried M550i if you think it's similar to your 330 😂
You can get laid for a lot less and have money left for down payment..
His badly do you want that M5?
It’s been tapping on my nerves for a while … I do like the beast but also I’m into investing for future which buying this is against that mindset … also there is an age range which this car is suitable for … I’m sure I will be driving a mini van once I have babies …. So if I want buy this it is probably it’s time
By minivan you mean an X5? 😁
Get the newest once in your life sataisfy this craving, then probably later on it will go away as you have experienced it once.
YOLO. Go for the new one.
Why an M5 and not M3 or M2
Why not just lease for a few years?
It is a good option. So the difference is that if you own it, you build equity on it by paying it back but lease is a pure waste of money. Now if you lease it then you don’t have to live with it long term which is a good option. The way I look at it is that it is better to own it if you decide to drop such a huge money on it or just don’t get the M5 regardless if it is lease or purchase.
Lol @ building equity on a depreciating asset
I am chuckling reading this, are you building equity on a car by buying? It’s not a house, cars depreciate not appreciate. You got to be trolling us man. M5 is not a classic car that will grow in value.
Answer 1) nah but it is better to own it that lease as the lease is pure waste of money but by owning it you at least have some equity in it when paying it back through that 3 year (lease period is 3 years) so that’s what I meant Answer 2) f&&k off
Yeah it’s your money, you need finance 101 in your life. Sounds like you will pay for your car and drive 2K miles every year like a grandma, ever heard of the term garage queen? To 2) Grow up son, and go back to your parents to learn some manners.
Dude you’re all over the place with these options