Hahaha good one!
But well, I suppose they all have their own purposes.

For example, if I am filthy rich, I probably would prefer to drive a, say BMW M3/M5 if I am still into spirited driving as a daily car. And an exotic/super car as a weekend/track car.
It's an absolute nightmare to drive those exotics on KL/town roads man.

It's very easy to drive around town with the M3/M5 or performance sedans and they still pack a punch when you need the power. So..To me they are indeed the UDM. As a whole/package lah, of course on the track, that's entirely another story.

regular bmw and benz are totally different than ///m and brabus/amg. Not everyone can afford above 700k price tag. Now this is real UDM.

If I told you my monthly salary, you'd call bullshit and make all sorts of sour grapes statements &/or tall poppy syndrome remarks just to make you all feel better about yourself, so I won't reveal just how much I make a month, much less a year.

But, despite that, I still abide by the 10% rule when it comes to buying cars of choice. In fact, I strictly adhere that I must purchase it below the 10% of my annual salary rule.

And I never take any loan longer than 2 years - in fact, the only reason for a loan in the first place is so LHDN or in my case, IRAS, doesn't come to disturb me. My accounts are clean, but they will sniff around anyway (learnt from experience, wiser for it) so it's less of a hassle.

And if you realize when I mentioned IRAS, then you also know that cars here are fcuked up crazy expensive - so, even more discipline is needed to ensure one spends well within one's means.

So, putting all that into perspective, I present to you my fleet:



The moral of the story: buy what you can comfortably afford, using your head, not your heart, and most of all, BMWs rock!

Edited to make KennyKB happy.

This post has been edited by wobbles: Dec 2 2015, 09:06 AM

Forgot to mention - I didn't buy all 3 of them at once - the F02 was in 2011, the F13 in 2012 and the F15 just this year. I drive the Six to work and use the X5 as a weekend car. The Seven is the supermarket car for wife.

Had a F30 316i (bought in 2014, sold a year later) but felt that it was woefully under powered compared to my other rides. But, if TS likes it, I can assure you, the F30 is a solid drive and quite a bit of fun to chuck around

First of all there is no need to show off your fleet to stroke your ego. It contributes nothing to this thread.

I thought the rule is to buy a car which is not more than your annual salary. If 10% of annual salary most of us can't even drive an Axia.

First of all, I don't need to have my ego stroked, so my sharing of the photos was just that: sharing. Having said that, my objective is to share that BMWs are great machines to own and drive, and if I didn't post the drillz of what I just said, you'd thought I was bullshitting (just like how some butthurt forum users thought that a 19 year old couldn't possibly be driving an F30 335i earlier).

Second of all, how you buy your cars is your business. How I buy mine is none of yours. I stick to the 10% of my annual income formula for the simple reason that it exerts and demands tremendous fiscal and financial discipline on my part, else I would be driving an F12 Berlinetta and/or an Aventador instead of simply being happy with my Bimmers right now.

Finally, remember YMMV, different strokes for different folks, one man's meat is another man's poison. No offense meant, and I trust none taken. I have taken your comments into consideration and I will edit my earlier post and include spoilers. Peace.

Edited for grammatical errors.

This post has been edited by wobbles: Dec 2 2015, 10:02 AM

Just follow one very simple rule:

If you need to ask around if you can afford to buy a certain item (not just cars) with your current pay, then it means that you can't afford it.

Just my 2 cents.



Cheers!

Not enuf $ to pay installment, no problem. Sign up to b a Uber driver. A frd of mine nett appx 2k doing part time.
Make sure ur car is under 5 yes o.

Just follow one very simple rule:

If you need to ask around if you can afford to buy a certain item (not just cars) with your current pay, then it means that you can't afford it.

Just my 2 cents.



Cheers!

I would use the money to give myself a better quality lifestyle with the gf.

Vios is enough for this stage I guess, considering you're taking 9 years loan. lol

Wobbles : The last pic is a BMW SUV right? Nice car look - I dig it though.

Anyway, it's always good to be sure that the car purchase is within one's financial ability and capability to spend within own means without getting into financial problems later on.

Yes, the last pic is the current generation BMW F15 X5. It was my first SUV, and I gotta say, it's a good feeling to have such a commanding view of the road ahead of you.

I wholeheartedly agree - buying within one's means is buying smart. Cars are a depreciating "asset" (which is a bit of a misnomer from the word go), so no point putting so much money down into something like that. That's not to say that one shouldn't enjoy life - because it's a bit pointless to be the richest /ktard in the whole of the cemetery. We should enjoy life responsibly, and well within our means.

Coming back to topic, in my opinion, I would hesitate to pull the trigger on the F30 316i - not because of the TS' financial situation, but because for a secondhand car, I seriously don't think it's all that much of a bargain buy.

True. Live and love life properly.

I don't want to have heartache over financial issue even if it's because of a car purchase.

Still it's to each his or her own taste and choice in the end. So up to TS himself

Wow, 16 pages with heated debates and the occasional veering off the track.

Anyway, I think there has been enough views shared by everyone else on why YES and why NO. And I agree with an earlier suggestion -- a poll would be much easier to track.

I will refrain from elaborating, but I vote NO.

Totally a no bro. 9 years loan just now worth it. Save it for better purposes

Sometimes, I do not understand why people absolutely despise the idea of a 9 year loan. You guys do realise that hire purchase interest rates are super low at around 2.5%? Close one eye and you can find ANY sort of investment out there that gives you a better return than 2.5% PA. Having cash in hand is always better than dumping it onto a depreciating item like a car.

Just do some simple calculation of a RM100,000 car. If you had cash to buy the car outright, and you do it, then you have already lost money.

Imagine RM100,000 in an FD @ promotional rate of 4% (there are plenty of promos around, just needs some searching.), placed for 9 years, compounded. If you subtract out what you have to pay in total for installments and 10% downpayment, you already make a nett profit of about RM20,000.

Again. Cash is always better in your hand or other assets rather than dumping it onto a car.

This obviously does not work if you change cars every 3 years or less because this mathematical calculation is assuming that you do keep your car for 9 years.

Seriously, think before you discourage 9 year loans. Use the loan to work for you, not against you.

This post has been edited by MrPoppyplants: Dec 5 2015, 03:35 PM

Yes in theory, and if you have that extra cashflow in the first place, and you know how to make that extra cashflow work for you.

Problem is with most malaysians, they take out a 9 year loan on a Vios, then spend the cash on stuffs like the latest iphones.

or

they simply cannot afford the car without a 9 year loan.

This post has been edited by dares: Dec 5 2015, 02:55 PM

which part I bash him ? He ask for opinion so I gave one. Butthurt much ?

Sorry, edited my original post. Not saying that you are bashing him.

Lol not that I have anything against 9 year loans. More like the interest paid out is actually more than what you paid d car for. This is why banks charge interest on top of the loan and why not? They make business this way so benefit them more.

There are few people who would service 9 year loan because they rather keep the car for 10-15 years then change cars every few years due to high car prices. Now that probably belongs to our parents' time.