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 Can I afford a BMW f30 with my current income?

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desong
post Nov 14 2015, 06:05 PM

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Bro, seriously u need to think about the maintenance and second hand value, if you can afford go ahead.

But here are some real life examples :

Scenario 1: my 5 years old C200 steering immobilizer not functioning, i sent to Hap Seng Star.... need rm6k to replace it. if i dont replace it , i can't start my car sad.gif ....... this wasn't plan in your budget, if it happened to you, can you afford it?

Scenario 2: my friend went for 325i e46 in year 2005 cost him rm230k (last batch offer b4 e90 launch), in year 2013 he need to find outstation used car dealer to take his car at rm55k. not to mention in year 2012 to 2013 he already spent 25k maintenance fee on it . Can you take depreciation of the car of 175k in 8 years time blink.gif ?

if you think u can do it..... then go for it. if not, u know the answer. biggrin.gif

This post has been edited by desong: Nov 14 2015, 06:06 PM
PedangGila
post Nov 14 2015, 08:35 PM

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Pakai dulu, lepas tu kita cerita lah. Not every car is the same.
chamelion
post Nov 14 2015, 08:42 PM

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QUOTE(desong @ Nov 14 2015, 06:05 PM)
Bro, seriously  u need to think about the maintenance and second hand value, if you can afford go ahead.

But here are some real life examples :

Scenario 1: my 5 years old C200 steering immobilizer not functioning, i sent to Hap Seng Star.... need rm6k to replace it. if i dont replace it , i can't start my car sad.gif ....... this wasn't plan in your budget, if it happened to you, can you afford it?

Scenario 2: my friend went for 325i e46 in year 2005 cost him rm230k (last batch offer b4 e90 launch), in year 2013 he need to find outstation used car dealer to take his car at rm55k. not to mention in year 2012 to 2013 he already spent 25k maintenance fee on it . Can you take depreciation of the car of 175k in 8 years time blink.gif ?

if you think u can do it..... then go for it. if not, u know the answer.  biggrin.gif
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Actually u willing to drive, u not suppose to bother about RV. Bother by RV means the car is still not affordable.

Its not RS is not important, but it suppose to be secondary issue in buying a car.

cybermaster98
post Nov 14 2015, 10:30 PM

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New BMW 3 Series will be in showrooms this week. But is it true that the Luxury trim is only available for the 318i?
hondakawa
post Nov 14 2015, 10:46 PM

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go for camry hybrid only , fuel saver
ju146
post Nov 16 2015, 12:22 AM

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QUOTE(jay881209 @ Oct 13 2015, 09:04 PM)
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.
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combine income less than 10k but want to go for BMW? good luck bro, your suicide plan on track
Karenalvin
post Nov 16 2015, 08:19 AM

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QUOTE(manickam123 @ Nov 15 2015, 08:21 AM)
Fren, I not saying me lah, i know some people income 20k also not buy BMW lah. Some of them drive Camry.

Why you so adamant to waste so much money and commit yourself to a car that will incur high maintenance. Yeah perhaps every mth will cost you another RM 1k for repairs.

Save your money lah. And your wife will bunuh you for wasting money.
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it will not cost 12k a year to maintain a beemer unless u seriously got a lemon or super high mileage driver. i think it actually averages out to around 500 a month or less for reasonable amount of driving.
Karenalvin
post Nov 16 2015, 08:46 AM

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QUOTE(manickam123 @ Nov 16 2015, 08:23 AM)
Ts salary is 5k..better use for something else. Not worth a beemer unless he can upgrade his pay
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well... i am neither for and against TS's buying decision. his money and considerations, so his choice after all.
what i am specifically referring to is the many unrealistic claims that it is extremely expensive to maintain.
if you drive within reason and be a little more alert on preventive care, i dun see it as a big issue.

now, to weigh in on the issue with TS. i think 150k on a 316 is a pretty unwise considering his income level.

he did change his tune midway and said something about getting a weekend car. in this case, the 316 makes even less sense as it is probably the most mundane beemer u can get.
i mean hellooooooo.... if you have 150k and looking for a weekend car, try any of those hot-hatches on the market. u can even get a new fiesta ST for that amount.

anyway, to conclude, the beemer is not as expensive to maintain as many have said but i think it is unwise for TS to consider the 316 from his income point of view.
saikia2046
post Nov 16 2015, 09:11 AM

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QUOTE(jay881209 @ Oct 13 2015, 09:04 PM)
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.
*
Nowadays accident, flash flood and etc happened everywhere, get a SUV better. Brand new Subaru XV is still a lot cheaper than a used 316. But if you still think about the 316, then just go ahead. At lease it is better than vios.
skincladalien
post Nov 16 2015, 09:17 AM

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QUOTE(heybadigol @ Nov 14 2015, 11:30 AM)
BSRI is almost ending & warranty is over.  Why not get a pre-reg 2015 316i, cos that comes with the 5 years warranty & BSRI?  It will cost more than the RM150k 316i you were looking it, but I believe less than RM200k.
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agree on this. last weekend there is roadshow at the showroom near digital mall. Year 2015 316i is like 175k.

Get the pre-reg car at least you still can enjoy about 4 years of free services, and warranty incase any issue.
Ginny88
post Nov 16 2015, 11:43 AM

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To be frank unless you are very well heeled or it's a company purchase it's not financially wise to buy a new BMW. These cars have very high markup and very high depreciation so better let the first owner take the massive hit.

A new BMW comes with 5 years warranty and BSRI but even if the warranty is over the savings is still worth the risk. You can save RM100K for a 3 year old 320i. Unless you are extremely unlucky it's not likely to cost you RM100K to maintain a 320i over 5 years. Maybe as others said, RM6K a year or RM30K over 5 years.

What do you think? Don't shoot me, I'm not a BMW owner and I'm just expressing my view.


SUSyummymommy
post Nov 16 2015, 10:21 PM

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QUOTE(hondakawa @ Nov 14 2015, 11:46 PM)
go for camry hybrid only , fuel saver
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Oval bluish T logo not nice

Round blue & white logo nicer

laugh.gif


chunnyen17
post Nov 16 2015, 10:50 PM

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i think it's ok, at least bmw can get u to places in style
Walala123
post Nov 17 2015, 07:41 AM

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Hi Bro ,

Go ahead to get your dream car by all means within your budget and spending power.
But to be frank i not sure its not a wise choice due to recent poor economy downturn and having backup cash is significant. If you have the budget and your current car is working fine, i suggest you invest you money on better places and you might buy a better dream car in the future.

I found this on the net and thinks it might be useful for sharing

http://genxfinance.com/5-mistakes-you-cant...n-buying-a-car/

nabelon
post Nov 18 2015, 11:23 PM

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Go for it la bro. I opted the hard way in life, sometimes regret that i did it, bought two house instead of a good car. Sometimes feel that i might be tòo old when i could finally aford a good car..
awyongcarl
post Nov 19 2015, 01:40 AM

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QUOTE(nabelon @ Nov 18 2015, 11:23 PM)
Go for it la bro. I opted the hard way in life, sometimes regret that i did it, bought two house instead of a good car. Sometimes feel that i might be tòo old when i could  finally aford a good car..
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Yep. It really is depends on what the individual want honestly.
Can't have everything in life. I want to drive a good car, I have to sacrifice my other investments.

But if I save up for the investments, I can have a better car later (maybe)
So the question is, how late? Can it wait? Or that particular individual want to achieve something within the window of time? etc.
Drian
post Nov 19 2015, 10:00 AM

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QUOTE(nabelon @ Nov 18 2015, 11:23 PM)
Go for it la bro. I opted the hard way in life, sometimes regret that i did it, bought two house instead of a good car. Sometimes feel that i might be tòo old when i could  finally aford a good car..
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You'll probably only appreciate it when you're retired and older and seeing your siblings all struggling with their KWSP.

Drian
post Nov 19 2015, 10:11 AM

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QUOTE(awyongcarl @ Nov 19 2015, 01:40 AM)
Yep. It really is depends on what the individual want honestly.
Can't have everything in life. I want to drive a good car, I have to sacrifice my other investments.

But if I save up for the investments, I can have a better car later (maybe)
So the question is, how late? Can it wait? Or that particular individual want to achieve something within the window of time? etc.
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A compromise would be renting a BMW on big family trips.
Gives you the chance to try out and then when reality starts to kick in continue back with your frugal lifestyle.
Might be expensive but beats paying monthly instalments, maintainance , depreciation anytime.


So side track a bit , how much is a BMW rental in langkawi.


This post has been edited by Drian: Nov 19 2015, 10:13 AM
Cheeky
post Nov 19 2015, 10:14 AM

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QUOTE(jay881209 @ Oct 13 2015, 09:04 PM)
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.
*
I am sorry for being so direct, but my opinion is that if you have to ask this question, then you cannot afford the car.
kevyon6
post Nov 19 2015, 10:35 AM

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my friend income 8k nett also he don't dare to get a beemer. buying is easy but maintaining it is pain in the ass.

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