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.

Can afford bro..go for ur dream car

save your money la...u think bmw so good meh....its all in the mind...

just go for it. YOLO.

Buy to get amoi?
Affair wanna be?

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

This post has been edited by razgriz_0087: Oct 13 2015, 09:11 PM

If what you're going for is a 316i, then better not lor. Too stripped down already. At least, a bare minimum a 320i laa...

if u need to do 9years... NO, YOU CAN'T AFFORD IT.

ur godcar only 5 years..still road-worthy....suppress ur temptation...save tht money for future purposes..

the thing about buying big ticket luxury items, esp cars (which depreciates) is that if you have to think about it, you can't afford it.

once u asked meaning it is not affordable for you.

Haha.. No la.. Just fancy this car very long already.. Asked my wife, surprisingly she agree.. Lol..

As someone mentioned above, if you need to take 9 year loan to afford the monthly repayment, it means you can't afford it at this stage.
Car loans should never be more then 5 years as it is a fast depreciating asset.
The interest you have to pay for a 9 year loan is about 32% of the loan amount.
This means for the 1st 2.5 years, you will only be paying interest.
If you sell it after 3 years for example, the car market value may be RM 100k but you would still owe the bank about RM 120k plus.
Which means you have to get nothing back.
My advise to you is to wait until your career goes up and both you and your wife earns more.

Not really will drive for 9 years, maybe will sell it after 5-6 years.. To drag it for 9 years is becoz dun wan too tide in the installment.

Just keep your car. Invest in a property. Rent it out. Pay off in 10 years. After that the rental can buy you the a brand new BMW.

go for it. You have good taste btw

316 is a terrible kar. I mean I like BMW driving dynamics but that's woefully underpowered. Suggest a 320 by the very least.

Have you thought about what the price would be after 5-6 years and how much you would still owe the bank after those 5-6 years? What are you going to do then since you are planning to change car again after 5-6 years as you said.

bro, 9 years for a 316, ain't worth it

I stick with the rule of thumb that is your monthly car installment should be no more than 10% of your pay Save for some years and you may just buy that car just buy cash https://www.facebook.com/photo.php?fbid=102...53261870&type=3

that's exactly what I meant by YOU CAN'T AFFORD IT, other forumers has the reasons already.

Go for it

think too much for what? go for it la.

316 ? come one.... better go for Volvo V40

Bro, ur advise did make clear of my mind. In your opinion, what's the ideal income to afford a f30? Since my combine income are almost 10k. We calculate it, tot enough..

Bro. dont do it. lol. 150k for 316i not worth. you will be paying 1400 + parts/service/labor/maintainance

If 150k and u die die need upgrade. why dont try jap car.
Or give some time to put down a higher dp.

Your wife is accountant. she should know best.

Bro, btw for 2nd hand 316i with no warranty left at 150k.

You shouldnt even think about it.
New car if u really power nego, can go around 180k

You only live once bro, but why 316i? Even peasant know its a cheap man bmw. Go 320 la..320d better fc is good

Don't spend unnecessary. Because u won't have enough to allocate for repairs. Stick to something with minimal electronics.

go for it bro, i was in your condition before, and i did not regret it at all, now doing quite well, yes do struggle in the middle when got child, but because there is struggle, it motivated me to work even harder.

today my wife driving x5 and i driving e300 already, now doing direct sales and been growing well since i started as a normal worker 8 years ago..... i would say go for it and when ur desperate u will find a way to reach for a brighter star

Not worth it. Maintenance can cost you a bomb. Go for new car.

You manage to buy does not mean afford to own.
Think carefully.

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

This post has been edited by remix2040: Oct 13 2015, 10:30 PM

Go for it, fulfil your dreams. You only get to live once, there is no need to make difficult choices on your WANTS.

Moreover you can always sell off the car if you need extra money.
Who are we to tell you whether you can afford a 150k car? You don't need anyone to tell you what car you should buy or whether you can afford it.

I say... Go For It.

I'm 22 driving a Lexus is250. Albeit used, it's still worth it. Go for it!

nice ride. which year?

9years loan, think carefully. If you're not able to maintain it in the early years due to expensive maintenance/parts, then you're stuck with the car.

If maintenance getting higher n higer, want to sell to dispose off also hard bcos need to top up to sell due to low rv.

previous gen 2011

BSRI every 12K KM... so u have just 2 more free service. after that every service is RM600=700.

Even 12K km per service is too long. Should service every 7K KM or so

slapped any custom rims on them yet? any serious upgrades?

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.

can afford... it is a matter of your choice

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

Better invest in something that's gonna appreciate and keep liabilities to the lowest... The worst is yet to come.

Tips please

you easily believe someone uh

Nothing is impossible

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

but 9 years. is just to long.

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

YOLO

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

My house loan 1652
My car loan 1340

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.

No u cant afford.

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.

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

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.....

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

No kids yet? U r driving a 320 or 316?

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?

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?

just saying if you are staying in kl/pj and combined nett income is only 9k.
then better dont get it.

you dont have kids yet?
kids will take a huge chunk out of your income.. more and more until they graduated from college/university.

buy lorh,
dont think much,
u dont know when will u die,
which is better driving evo x at 30yo or felali at 60yo,

1 kids. Not 3series. Vw jetta only. But since the thread starter said that the monthly commitment is rm1400, so mine is 1340 not much different.

Previously i have z800 with monthly commitment 407. But sold my z800 already and buy 400cc scooter cash.

My house which i pay 1650 monthly, i make as homestay.

I have 1 more car, potong sawi which no monthly commitment.

Bro, how's your homestay? Got good feedback and enough to cover monthly bank installment or not? I am also thinking to use my condo as a homestay rather than rent it out..

my personal experience so far no problem , no unexpected fault breakdown etc.
4years 120k milleage with an e90 full bmw service.

btw imo if yearly youre planning to do around 50k km or more with the car better not.
for continental car it should be around 15-30k km peryear.

U sure? Even a typical VW Passat costs 1.2-1.5k each service and tyres are around 900/piece..

Cant be BMW cheaper..

This post has been edited by Boy96: Oct 14 2015, 01:00 PM

It depends. But homestay dont have contract document so u cannot declare the money as income. If u rent it, u can use the contract document as income n buy another house..

Lol...17 years of age to get driving license and within two years you become BMW driving instructor! Think you have wasted your talent! You shd go for the super license and drive in formula one! It's min 10 mil usd a season !

9 years loan for a depreciating entry level 2nd hand 316 plus TS and wife are normal office employees? Is TS looking for financial suicide?

exactly

i have a clean Rm15k $$$ in my pocket and yet i dont feel like buying a new bmw.

unless i can have RM 25K $$$$

dude, u cant afford it.

why accountant salary so low?
l

Driving a BMW isn't as expensive as most people think. Of course it can be more expensive if you compare with a Japanese car but not by much.

I think the most important think being a BMW owner is that you kinda have to be enthusiastic with car/automotive or with the brand, able to do research, know where to buy parts yourself and having some troubleshooting and diagnosis skill so you can tell what went wrong or at the very least able to determine the relevant components with your BMW.

If you are able to do your own research, then you will understand why most BMW enthusiasts never complaint much about their car being problematic (with a few exceptions like the SSG gearbox etc) because they know how to maintain and solve their problem without getting their throat cuts by the workshops out there. If you are the type that just want the brand but never intend to research, study and learn about your car, I suggest you to stay away from the car especially without warranty.

I am not very experienced with BMW but I just recently sold my Civic FD2 2008 and purchased a used 13 years old E46 330i, for the purpose of educating myself with a old and used continental vehicle. Also because the E46 is one of my dream car since young. And I can tell you the E46 is amazing even though it's decade old

To TS, if you like the F30 and must have it, then you must be prepared for the problematic encounter with the vehicle, but thus far F30 is a pretty solid car, there isn't much major problem with it. Go read on forums and you will understand more than opening a thread here. The 316i is by no means a bad car, it is good for what it is and for its value, test driven the car and I felt the car is more than adequate for normal driving and the 8AT gearbox is just amazing. I just didn't like the bench seats and the thin steering wheel. Otherwise, the car is good. You still get leather seats, xenon lights etc.

Personal advise though, I wouldn't touch a modern continental car without warranty.

Even if u don't have child yet
Do u have saving for your future child?

With ur current disposable income, no doubt u can afford it

But think again, Izit worth the money
Considering all the things that might happen including your future child

How much money needed to raise a child.
Not to mention increasing cost of living and reduce purchasing power.

Assuming u will have child later will the remaining money able to sustain a comfortable lifestyle or nd to save here and there to support the family needs

After u accounted everything in and u feel it's worth then go for it, u won't regret it

Without any planning jz go for it, u might regret later.

how many years is the F30? 2nd hand BMW cars are very very prone to breakdown depending on the previous owner.. I heard lots of stories of repair cost ranging from 10k to 40k for gearbox leakage... up to you but you need to reserve at least 1k per month for repairs..


YOLO?? YNRLM!!!!

You Need Repair Like Mad

This post has been edited by loki: Oct 14 2015, 04:57 PM

Me and my wife's combine income is RM24,000 and we only drive a Suzuki SX and have a condo and the monthly installment is RM2,900 (including everything). No kids at the moment.

Just wanted to say, plan for the future first before buying anything expensive, my dream car has always been the Merceses A250, I know I can afford it but I'm still thinking of ways to invest my money so that in future my kids can live a comfortable life. Me and my wife is both 26 this year btw.

PS, one way to count how much you should budget for the car, take your income and times 12.

For example, your income is RM10k per month, times 12 will be RM120,000, that should be the budget of your car and should not exceed that budget, then you can live comfortably while paying installment.

This post has been edited by teeyao888: Oct 14 2015, 05:04 PM

YOLO but still must use common sense lar.

Lol when you're a 3 time superkart champion, you turn heads. My team happens to be sponsored by BMW Australia with stage 2 weight reduction parts. So when you do well. Good things come your way. I just got lucky mate. Don't judge i was already in superkart at the age of 14.

sell at 5-6 years means you need to fork out cash to clear the leftover of installment ?
Bad move.

combine income 9k, really not much bro ! maybe few years later

This post has been edited by KTCY: Oct 14 2015, 05:07 PM

Ever considered a 2010~2012 Mercedes W204 C200 or C250?
Fit better into your income
F30 316I forget about it, 140HP only leh
At least F30 320I

This my f30 modified


Attached thumbnail(s)

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