my parents and fren buy luxury car bcoz mau run tax and too much money duno where to put, u pulak scratch head thinking whether mau get a bmw wif 5k salary, invest on something else ler

You cant afford it.

9 yr loan for a bmw ? seriously la. just buy a preve and sleep easy.

I paid of my f30 320i in 3 years.. (nearly paid off)

and i regret buying it new.

depreciating asset .. fun to drive though .. really fun .,..

This post has been edited by omnimech: Oct 14 2015, 05:35 PM

I thinking the same...yes, he can afford (on paper) but i wont recommend...thus he can't afford it...

for that amount im think circa RM100k NEW car...
not RM130k 2nd hand car....

and i dont agree on you statement depreciating asset...
some people are different...cars are hobby...cars are fun...

I love my F30 .. i spent 40k on modifications alone .

Doesnt change the fact that its a depreciating asset and im losing every Rm that i am spending on it.

Does it make me spend less on the car ? nope .. cause i have relatively good control on my finances. lol >_<

still. its money u not getting back .. versus doing investments.

so u need to split the money .. investment, proper assets and depreciating assets...

taking a 9 yr loan is giving u the illusion that u can afford shit .. u cant ..

This post has been edited by omnimech: Oct 14 2015, 05:51 PM

Dont buy the F30 new. Consider the premium selection models on sale or the management cars wif 1000km on the odo.

That's a very dangerous move, 9 years loan on a BMW and its a joint income loan.

http://www.mudah.my/2015+BMW+316i+1+6+A+F3...es-40552049.htm
2014 car, warranty until 2017. Free service for 4 years apparently. I advise that you shop around, and maybe visit BMW Premium Selection.

While I understand why everyone else is saying no, the BMW 316i is a good car (320i is better). But frankly, it won't make a difference between the 316i and 320i IF you commute mainly from home to work in an urban setting.

I don't see how 320i would be better than 316i in traffic jams and <110km/h driving, as both have the BMW logo on the steering for you to stare at while you're stuck in jams.

As for being able to afford it or not... we do not know you & your wife's lifestyle. We don't know what you spend the rest of your income on. If your wife loves to collect cincin & handbags, then you probably can't afford it. But if your only commitment is the condo, and you're frugal..for example..you drink kopi ais and not Setarbarks.. it's doable.

Come on, we're all here living a life... different people have different priorities. I've seen people who can afford to change iPhone every year, drink Setarbarks every other day but still driving an old Satria. Maybe he bought a lot of properties and have a lot of fixed commitments already, so buying a car is not high on his list, who knows?

What I'm saying is, its important to save, invest and be smart, but at the same time, spending a bit to make yourself happy is important as well.

this is true!

whats the point of saving and investing?
to use the money for life right? for achieving our dreams...for fun!

or some people just loves to save and invest...love to see numbers on papers...
and bragging...

I just think that 1.6 Prince engine is problematic...better stick to BMW engine...

My salary >>> yours also drive Potong.....you may can pay the installment...but can you afford the spare parts? Check the price list. You will die of heart attack.

Bottom line: You can't afford it.

This post has been edited by Matrix: Oct 14 2015, 07:17 PM

I think it's good that Jay is asking around for opinions before making the purchase, he seems really adamant about it, I say go for it as it will make you happy. Just a few things:

1) Try seeing if you can decrease from 9 to maybe 7 years
2) I think the one you're intending to buy is not the best deal around for that same car, try looking around for better deals for the 316, finding one with warranty is best.
3) think Jay should search up for BMW thread or open a new one specifically asking about owners' driving experiences for second hand BMW, or those who are driving nearly 10 year old ones, since it's quite obvious that at least 60% of the replies here are all users who have never even driven a Beemer in their life.

(drove my ex's 2001/2002 320D before, I will always prefer driving the 2011 dugong vios G instead, probably because that bmw felt too old)

1400 out of 9k is 15.xx%

they say don't pay for a car with more than 10% of your income.

this is 15% of combined income. better not buy.

Get new GLA 200 la

Simple rule. If u r a 9-5 job person, chances are u cannot afford a VW let alone a BMW.

Ppl who buy BMWs or Mercs are ppl who are running their own companies. And buy those cars under co name to reduce tax.

So to buy a BMW with 5k salary is pure stupid.

To buy a BMW 320i, u need minimum income 15k. Anything below that u r not a good financial planner.

you vios also worry the maintenance until like that then better not get bmw...that one even higher

Yayaya. The bad think after own bmw or merc is the maintenance. I heard bmw maintenance is much more higher than merc. My mom c200 first service rm1200.. Second service rm1800..

Thank god my vw maintenance is not that high. First service rm468. Second serbice rm680..

But now im gatal want to upgrade from jetta to golf gti. But my wife bising gti dont have bonnet..

Im not a good financial planner. What i think i want to buy, i buy.

But if u ask me, rm1400 monthly is ok for ur income 9k(husband + wife)..

Don't use your wife's income to help you get your dream car. On an income of RM5K you can't afford a Beemer. Period.

YOLO dude... go for it.

Exactly... even with 6K+ income.. i'm only driving a Prius

In the beginning is tide a bit, but Ur salary will increase every year so not a problem

Then not too tide when both of u reach 3-5 yrs later (maybe rm20,000 salary)

Actually u can get the car

It can be a motivation for something better From 3 series and then to 5 series

Increase ur professionalism and appearance as accountants