Hi fellow bros, can I seek for some advise from you guys? I am a normal office worker, currently income 5k nett. My wife which is also an accountant income around 4k. Combine income 9k. Own a condo monthly installment 1500. Petrol cover by company RM600 every month.

Planning to buy a 2nd hand BMW F30 316i, price RM150k , downpayment 20k , loan 130k, tenure 9 years, installment every month 1400. No more warranty, with 30k left BSRI.

Please advise whether I should go for this 316i? Currently driving a vios. 5 years old car. Really fancy this car but worry about the maintenance cost. What do you guys think of it with me and my wife combine income? ( not plan to have child yet )

Thanks fellow bros. please advise.

Can afford bro..go for ur dream car

save your money la...u think bmw so good meh....its all in the mind...

just go for it. YOLO.

Buy to get amoi?
Affair wanna be?

Nope..Better buy new bro...5 years warranty and 5 years bsri or 100000km..better peace of mind. No need to think about problem and service for 5 years

This post has been edited by razgriz_0087: Oct 13 2015, 09:11 PM

If what you're going for is a 316i, then better not lor. Too stripped down already. At least, a bare minimum a 320i laa...

if u need to do 9years... NO, YOU CAN'T AFFORD IT.

ur godcar only 5 years..still road-worthy....suppress ur temptation...save tht money for future purposes..

the thing about buying big ticket luxury items, esp cars (which depreciates) is that if you have to think about it, you can't afford it.

once u asked meaning it is not affordable for you.

Haha.. No la.. Just fancy this car very long already.. Asked my wife, surprisingly she agree.. Lol..

As someone mentioned above, if you need to take 9 year loan to afford the monthly repayment, it means you can't afford it at this stage.
Car loans should never be more then 5 years as it is a fast depreciating asset.
The interest you have to pay for a 9 year loan is about 32% of the loan amount.
This means for the 1st 2.5 years, you will only be paying interest.
If you sell it after 3 years for example, the car market value may be RM 100k but you would still owe the bank about RM 120k plus.
Which means you have to get nothing back.
My advise to you is to wait until your career goes up and both you and your wife earns more.

Not really will drive for 9 years, maybe will sell it after 5-6 years.. To drag it for 9 years is becoz dun wan too tide in the installment.

Just keep your car. Invest in a property. Rent it out. Pay off in 10 years. After that the rental can buy you the a brand new BMW.

go for it. You have good taste btw

316 is a terrible kar. I mean I like BMW driving dynamics but that's woefully underpowered. Suggest a 320 by the very least.

Have you thought about what the price would be after 5-6 years and how much you would still owe the bank after those 5-6 years? What are you going to do then since you are planning to change car again after 5-6 years as you said.

bro, 9 years for a 316, ain't worth it

I stick with the rule of thumb that is your monthly car installment should be no more than 10% of your pay Save for some years and you may just buy that car just buy cash https://www.facebook.com/photo.php?fbid=102...53261870&type=3