Get new one.. go for 9 year installment.. if second of course there be maintenance + (depend mileage condition car)

5 month ago, i try to buy.. take BMW 3 week to say im good for their finance hire loan.. minimum payment RM2.3K for 7 year but wait long i make decision for Nissan sylphy 5year loan 2.3% interest AM bank in 24hour approve.

add-on: each time saw ppl drive BMW... i be like.. dam! i wish i buy it but when i do price check.. secondhand car.. depreciation on Bmw.. sux.. Honda/toyota is best.. but if i had taken bmw 3 series i be lock on debt for 7 year(84month)+ and lost 15K depo... + dunno on maintenance :/ so kinda happy with my current debt 60 month only RM2.2K + all expenses of LIfE(insurance/home loan/bill/food/KFc).. get less RM2K to myself... i can't even afford to constain upgrade my PC now look im only have single GPU..

This post has been edited by Unseen83: Oct 14 2015, 11:21 PM

Im rather confused with these nay sayers.
Are you opposing to him for buying a BMW just because you dont have one and you're jealous of him getting one?

In the end its his money. He has to do all the tepuk dada tanya selera.
If he in the end gets into a problem with his monthly installments, thats his problem to solve. Not yours.

But if he can sustain, why not. But of course have to make adjustments to your loan tenure; instead of 9 years, try shortening the period.

If u really do get the BMW, TS, congrats to you. But like others advice also, do your research first.

first service RM468 second 680 wow... you rich man with rich parent soo lucky well hope your not honk and flash other car when your speeding on Highway... speed limit is 120km not 220km...



This post has been edited by Unseen83: Oct 14 2015, 11:43 PM

then vw is definitely much more expensive.
tyre if e90 run flat yup around 900-1k depend on shop.
but normal 17inch i suspect should be cheaper 5-600.

i wonder why these conti cars services charge so much? i mean for a new car wont they be getting free service at least for the first three service?
and engine oil they kaw kaw overcharge is it?

The opinions here are quite divided it seemed.

I do think that the TS should hold for just 1-2 more years, save a bit more money and buy a new 320i instead to enjoy 5 years warranty and full services. Peace of mind and can save hell a lot of money in the first 5 years.

In all circumstances, try not to use wife income to buy a car and also sharing instalment. Recipe for disaster

Not for this 2-3yrs with that kind of combined income.

you gonna struggle by mid month even or worst if car breakdown n need $$ to pay for maintenance.

#unless you gonna spend very very minimal on food, shopping, travel..

if u r driving a vios now, a better upgrade should be C-Segment Japan/Korean Altis, Civic, etc equivalent. Not continental for the moment.

go for it.... whether can pay or not or good resale value or not, that wann think later.

like Nike said "just do it".

Very polarising views here.

The key of financing a car can be vary, some say not to take beyond 5 years, some say if your loan amount equals your annual salary should be the benchmark, and many more. Some ppl tell TS to do a Shia Labeouf's DO IT!

Here's my take. While there is no right or wrong, just consequences, here's a few things TS needs to think:

1. Do you guys plan to have a family, or children?
2. For no 1, will you do what it takes to give ur family or child a good life
3. In your career, are you doing well? What far you can progress when it comes to salary or title?
4. What's a BMW gonna do in your life?
5. Installment aside, how much you'll be willing to fork for emergency repairs? Mind you without warranty or known car history (dealers always lie), you're taking a gamble here. BMW aftermarket parts are cost way higher than your vios.
6. Do you think your Vios can serve you for another 5 years?
7. Does your job requires a BMW?
8. Do you affirm with ur wife that both of you will fund the car? Do yu guys have an emergency plan what if one of you loses your jobs?
9. With the added income (should there) do you have plans to invest for family/wealth?

I think that's all I can think. But seriously, I rather get a 320i E90 if possible. It may be older but at least not as costly as the F30.

IMHO, you can first make a simple debt to income ratio calculation. based on combined household income & expenses, it would be something like this:

1500(condo)+1400(car)+1000(maintenance cost assumption) / 9000 * 100% = 43%

so, if your definition of "affordability" means "whether car loan will be approved by bank & after purchase you can still pay for 1k monthly maintenance?", then the answer is YES because 43% is consider quite ok. not forgetting that if you get good increment & able to maintain/decrease your expenses, the percentage will get lower & improve year-over-year

maybe the question you should ask is why do you need a 316i? it helps to uphold your image in the field you are working in (eg. I do see friends in management ranking drive bigger & fancier car)? does it help to increase your future income (eg. In insurance or direct selling field, its important to uphold image to your customer)? fulfill a childhood dream & your need for speed? etc.

I agree.. nowadays, it is not cheap to have quality life with family.

My two kids' tuition fees, piano lessons and Cambridge English class cost me about RM2.2k/month. Next time, one of them will move to private school and this cost additional RM2.3k/month. By 2017, the youngest will join her and additional RM1.9k/month. I calculated, by 2017, schooling will cost me RM6.4k/month excluding text book, computer, transport, food and out-of-pocket expenses.

I have a 3-year old F30 328 and a 6-year old W204. That 328, I bought at 290k in 2012. Resale value is probably around 160k. Depreciate 43k a year. Luckily, I am financially independent. Otherwise, it will be a nightmare.

Buying a BMW may seem easier. Maintaining it in a good condition is another story. BMW comes with run flat tyres. Cheapest for 17" is RM800+ per piece. BMW has the automatic start-stop energy efficient system, which requires a different battery.

From my point of view, RM10k combined income with 9 years loan, it is tough. I was driving a Proton Wira when I earned 9k a month many many years ago.

Indeed, because there's no full view, e.g. other expenses, lifestyle, career advancement opportunities etc.


Best read with a sense of humor.

If u plan to have kid in this 2-3 years.. better save the money..
if not, enjoy ur life first

Current economic times, don't forget the possibility of retrenchment. Never assume your employment is secure.

I may be wrong but with an income of RM5K a month I doubt the bank will give you a loan to buy a BMW. You can't use your wife's income to support as there is no such thing as joint ownership of a car.

Another additional ques:

1. Do you think forking say RM200 for one tyre for ur Vios is too much? (if u say yes, I PUT A BIG NO FOR BMW)
2. TS how secured is ur career? Is job security is assured? (dont need to answer me this, u think that urself)

Since when im using my parent money? U talk like a small kids which i thougt u born in 93 not 83. Please be more profesional bro..

Since when speed limit 120kmh? I thought 110kmh only?? U just come out from cave is it?

Just for ur info, first service for VW is 15000km or 1 year.. Rm468 is very cheap compare to japanese car. First service at 1000km let say rm150, second service at 5000km rm200, third service 10k km rm150..

Kemon bro, this place not to kutuk2 people. We have to share what we have..

Sembang macam budak kecil la u bro. Mcm la aku ni x kerja duk rumah makan duit mak bapak.

Suddenly post my video pulak. Mcm budak la u bro. Seriously i no respect u evethought u born in 1983.

wait did i say you use your parent money ? i say you Rich la.. so lucky.. that all..

oh so my bad is 110kmh on highway my... lucky i did not record upload on youtube let all to report to JPJ with your number plate there all to see.. lucky im no child.. wait.. u say i am un professional ? maybe i should.. but naah

i did not kutuk2 you.. wo for ppl flash ppl on highway you are very sensitive person.. sorry la..

yes i born 1983.. why cannot post your awesome jetta do 220kmh on a 110kmh highway..

Add-on: sorry i did not know VW first and second service is 15,000KM.. woo

This post has been edited by Unseen83: Oct 15 2015, 03:25 PM

THIS

Remember car is a depreciating asset to the tune of 15% p.a.

Maintenance of a 2nd hand F30 also not going to be as affordable.

Save your money for a rainy day

why not vw jetta? it's just around RM135k
plus vw promo rebate and 1 year free instalment can save up to 30k
which means jetta only cost RM100k like that only
at least way more cheaper than bmw lor
can consider about that