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 Can I afford a BMW f30 with my current income?

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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.
6UE5T
post Oct 16 2015, 11:03 AM

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QUOTE(jay881209 @ Oct 16 2015, 01:54 AM)
What about vw scirocco? Year 2014, selling at 125k.. Is this car less headache and good performance?
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Sigh, that car can be even more problematic! You can see your self that this car when new was very expensive (around 200k) but now in just 1 yr already dropped so much, go figure why. laugh.gif

Seems like you're really fixated on showing off with nice cars despite your low income (even when combined with your wife's one). But again like some already said above, it's your money and your life, do as you wish. smile.gif
6UE5T
post Nov 22 2015, 09:48 AM

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QUOTE(satrianeo-x @ Nov 22 2015, 08:20 AM)
If u need 9 years loan, dont. A luxury car or not, the maintenance cost of a car remain the same or higher as parts will get more expensive, not less. Also esp for a BMW... LIKE some mentioned here, better buy new.

9 years loan should really be stopped, what's bank negara doing?
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Agree, should've just limit to just max 5yrs with at least 25-30% DP required. But car prices should've been lower by at least 50%.
6UE5T
post Jan 12 2016, 07:48 PM

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QUOTE(cybermaster98 @ Jan 11 2016, 01:58 PM)
I think the bold is a bit nonsensical don't you think?

If my annual income is RM300,000, then I should get something that costs less than a Myvi???
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The richer a person is, the smaller the portion of income is used to buy cars or most other things.
If you notice his posts and his list of cars in his signature and his other thread, he is implying how extremely well he is doing already now. brows.gif
6UE5T
post Jan 12 2016, 08:28 PM

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QUOTE(wobbles @ Jan 12 2016, 08:08 PM)
As I mentioned, it's MY rule - one which has served me very well, in order to keep my otherwise insatiable thirst for all things petrol on wheels in check. I never said it was something you or anyone else should follow - it's not my place to pontificate, and it's certainly not my intention to preach. What has worked for me might not work for you - otherwise, you'd be the one listing the cars you own, in your signature.

I realise one thing - there are a lot of jealous people here in the forum. Where as, in other forums that I frequent, there's a lot more constructive and intelligent criticism and dialogue, there's an undercurrent of envy, jealousy and the "tall poppy syndrome" quite prevalent in this one. I've tried my best not to offend the sensitivities of the forum users (as shown by my amended threads), but honestly, I don't feel the need to apologize for having done well in life, because I did it without stealing, without cheating, without any handouts, without any affirmative bumiputra policies or political benefits or racial considerations, and I certainly didn't get to where I am today by way of generous anonymous donors. In fact, if anything at all, I should feel a certain amount of pride that I got to where I am today INSPITE OF and DESPITE the discrimination, the racism, the politics, the NEP, the Bumiputra-first, the cronyism, the nepotism and the apartheid unfairness that is Malaysia.

In closing, I need to make a minor correction to your assertion:
I'm not implying anything - I don't need to. I know how much I'm worth, I know how much I make, and I'm comfortable where I am. If my success offends you, that's your problem, not mine.

Good day.
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Nope, I'm not offended by your success, I also have known many very successful people too, just telling the other poster if he/she doesn't realize that yet.
Good day to you too.
6UE5T
post Jan 26 2016, 01:11 PM

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QUOTE(jay881209 @ Jan 26 2016, 12:53 PM)
Is it all 1.4 got problem? How about scirocco 1.4? Is it the same?
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They all share the same engine and gearbox, so yeah share the same issues too! Sales of VW has also slumped in 2015 btw even though not the biggest looser of 2015.
http://<link removed>/2016/01/22/vehicle-sale...ers-and-losers/
6UE5T
post Jan 26 2016, 04:40 PM

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QUOTE(jay881209 @ Jan 26 2016, 04:21 PM)
How about the 2.0 version? Will it be better? Less problem?
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Yes a bit less problem but still not as reliable and cheap to maintain as Japanese cars for example. I have a colleague who just bought a GTI about 3-4mths ago and already spent around 4k on maintenance and repairing it and he's starting to regret his decision already. Anyway I suppose depends on your luck, many who bought are still fine and some got issues. If you buy one just hope luck will be more on your side. smile.gif
6UE5T
post Oct 25 2022, 11:52 AM

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QUOTE(_kt_ @ Oct 22 2022, 04:18 PM)
Hi all sifus, sorry to revive a 3-year old thread. Want to seek same advise from TS. I'm mid-20s Malaysian, earning gross ~4.5k per month. Currently driving 7 year old Proton.

I enjoy driving, and frequent travel long distance. Looking at used 2016 320i around 100 - 120k. Current savings of almost 90k, cleared of my debts, no commitments apart for room rental, single. Is it wise to go for it?

Please advise, TQ guys. 😆
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QUOTE(alternativehype @ Oct 23 2022, 06:11 PM)
I'm going to be blunt here. Regardless of whether F30 is a good car or not, reality is you're not earning enough to be indulging in this kinda lifestyle.

Young man, don't get in to financial troubles before you've even progressed in career. Of course, I'm only making assumptions based on the limited info you provided. You need to be honest with yourself. End of day, you suffer or enjoy... None of us matter
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This is by far the best reply of all.
All economic prediction of next year will be a harsh one so better play safe, be prepared for the rainy days and just keep working hard to increase your income and savings. Don't end up like so many cases of sambung bayar later.
6UE5T
post Oct 25 2022, 05:03 PM

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QUOTE(Quazacolt @ Oct 25 2022, 04:15 PM)
I used to say I'll never buy any Toyota (no thanks to them making boring Prius for over a decade and our God car/UMWT etc)

That i own a Toyota for more than 5 years.

Such is reality sad.gif

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Toyota is the best Japanese car maker ma! Has the best reliability and now has the most sports car line up.
6UE5T
post Oct 25 2022, 06:10 PM

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QUOTE(Quazacolt @ Oct 25 2022, 05:31 PM)
*Cries in broken WhatsApp memes* cry.gif
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Like new Supra, yours is not a real Toyota but some bastardized version. Lol Real Toyota like mine has unbeatable reliability.
6UE5T
post Oct 25 2022, 11:17 PM

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QUOTE(Quazacolt @ Oct 25 2022, 07:04 PM)
PURE BLOOD is different lo laugh.gif
Name also win 9 Street already
Seriously la, gone are the days of Toyota bullet proof reliability.
Unless of course they continue regurgitating old drive trains. Hey maybe UMWT is profiteering for YOUR own good! Reliability is priority right?

The new GR Yaris also have their issues but everyone is accepting it being the sports car it is and generally people are grateful Toyota churning out sports cars.

And of course there's Lexus, still getting generally new stuff and still have Toyota legendary reliability (mainly from over engineered drive train) , however there's a catch - Lexus luxury brand premium. It's like that general 3 items and you can only pick 2 - price/performance/reliability
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Well maybe have to say in relative context to other brands, cannot compare with old cars of 15-30years ago where they're still simpler.

 

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