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 Can I afford a BMW f30 with my current income?

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remix2040
post Oct 13 2015, 10:57 PM

Ma! Get the camera!
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QUOTE(Kendall @ Oct 13 2015, 10:54 PM)
previous gen 2011
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slapped any custom rims on them yet? any serious upgrades?
6UE5T
post Oct 13 2015, 11:20 PM

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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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So you're planning to also lean on your wife income to buy a car for yourself, or this car will be for both of you, meaning she does not need a car on her own and you can fetch her all the time?
Even with combined income, I suggest you forget about showing off with such a car and just settle with something around rm60k or below which is matching your own income excluding your wife's, then maybe buy another cheaper one for your wife. IMHO for people with such income level, don't think yet about enjoying and showing off with luxury brand cars but first prioritize about practicality and trying to make do with what you can really afford.
samjet
post Oct 13 2015, 11:24 PM

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can afford... it is a matter of your choice
slaveone
post Oct 14 2015, 12:06 AM

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Nope, you cant afford it. There will be repair cost down the road which will go up to 5 figures. And by the fifth year, the value will drop so much that you cant even break even when you want to trade it in
xeNOS
post Oct 14 2015, 12:10 AM

.:floccinaucinihilipilification:.
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Better invest in something that's gonna appreciate and keep liabilities to the lowest... The worst is yet to come.
Boy96
post Oct 14 2015, 01:28 AM

That's a tripod.
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QUOTE(remix2040 @ Oct 13 2015, 10:29 PM)
I am 19 and I drive a BMW 335i F30. This car is registered under my name, not my father's or family. And bought it myself. loan is 5 years. So why not mate? For a beemer owner. Get a 320 at the very least. Trust me smile.gif
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Tips please
demetry
post Oct 14 2015, 02:22 AM

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QUOTE(Boy96 @ Oct 14 2015, 01:28 AM)
Tips please
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you easily believe someone uh
Boy96
post Oct 14 2015, 02:34 AM

That's a tripod.
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QUOTE(demetry @ Oct 14 2015, 02:22 AM)
you easily believe someone uh
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Nothing is impossible whistling.gif
jakal sombong
post Oct 14 2015, 02:36 AM

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if you can afford this
each time service @ 7-8hundred. @ 10k milleage.
& tyres 500 / each

but 9 years. is just to long.


barneysteinsson
post Oct 14 2015, 02:40 AM

On my way
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go for it, dont let others tell you how to live your life

YOLO tongue.gif
mozact89
post Oct 14 2015, 07:15 AM

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Can laa. Me n my wife also hv income like u.

My house loan 1652
My car loan 1340

remix2040
post Oct 14 2015, 08:46 AM

Ma! Get the camera!
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QUOTE(Boy96 @ Oct 14 2015, 01:28 AM)
Tips please
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QUOTE(demetry @ Oct 14 2015, 02:22 AM)
you easily believe someone uh
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I'm a BMW driving experience instructor lol. Salary is from
8 to 15k a month, give or take not including commission. So why not man. I barely spend on unnecessary things. My flights are a all paid for. My hotel stays are paid for. All courtesy of BMW. With the right money management, I don't see why it's not possible.
riezzien
post Oct 14 2015, 09:47 AM

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No u cant afford.
cedyy
post Oct 14 2015, 09:52 AM

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go for it since u've been longing for it. life is short. with less equipment on board the 316, there should be less niggling problems.
underGr0und_8
post Oct 14 2015, 09:53 AM

Look at all my stars!!
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I wonder how many here actually own a BMW to comment on their service sot

but to TS, yes. Better buy a new Japanese D_segment, the interior quality not even close to Accord/Camry/Mazda 6. And it is not a BMW engine, it is Prince engine

https://en.wikipedia.org/wiki/Prince_engine
MechaLEE
post Oct 14 2015, 09:58 AM

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QUOTE(razgriz_0087 @ Oct 13 2015, 09:10 PM)
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
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ya agreed, no point buying a 2nd hand car which cost about RM150k+ , u have not considered the maintenance cost for cars which past about 100k km ......problems will come, cost of repairs will be more expensive, tyres, brakes, suspension, etc.....
kons
post Oct 14 2015, 10:08 AM

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if you are afraid of the maintenance of an old vios.. changing to a used bmw will not solve your problem.

This post has been edited by kons: Oct 14 2015, 10:08 AM
TSjay881209
post Oct 14 2015, 10:39 AM

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QUOTE(mozact89 @ Oct 14 2015, 07:15 AM)
Can laa. Me n my wife also hv income like u.

My house loan 1652
My car loan 1340
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No kids yet? U r driving a 320 or 316?
TSjay881209
post Oct 14 2015, 10:42 AM

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QUOTE(kons @ Oct 14 2015, 10:08 AM)
if you are afraid of the maintenance of an old vios.. changing to a used bmw will not solve your problem.
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Vios maintenance is no problem for me. Wonder anyone own a BMW for 7 years? Is there any major problem in changing parts that's cost 10k above?
TSjay881209
post Oct 14 2015, 10:45 AM

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QUOTE(jakal sombong @ Oct 14 2015, 02:36 AM)
if you can afford this
each time service @ 7-8hundred. @ 10k milleage.
& tyres 500 / each

but 9 years. is just to long.
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If 7-8 hundred every service shud be ok. Won't be a heavy user for this car (only house to work, work to house), probably 2 months only reach 10k mileage.

Perhaps 7 years, is that ok?

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