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 Can I afford a BMW f30 with my current income?

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cybermaster98
post Nov 14 2015, 10:30 PM

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New BMW 3 Series will be in showrooms this week. But is it true that the Luxury trim is only available for the 318i?
cybermaster98
post Jan 11 2016, 01:55 PM

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QUOTE(Darren @ Jan 11 2016, 09:12 AM)
Different people, different perspective...

Got a cousin already millionaire but still drive a japanese sedan... cars are not for everyone's...

For some, nothing more than a convenient tool...
Is being a millionaire these days a big deal? I don't think so. Quite a number of those in their 30's/early 40's are already past the million mark for NAV.
cybermaster98
post Jan 11 2016, 01:58 PM

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QUOTE(wobbles @ Jan 11 2016, 09:40 AM)
Agree wholeheartedly. Very important to buy what you're comfortable driving, and more importantly, to buy well within your means. As I've shared in this thread, my rule of thumb is never to buy a car that costs more than 10% of my annual income. Some members of the forums then came to attack me to say that was a stupid rule, and that it should be never to buy more than the sum of one's annual income etc etc. To each their own la.
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???
cybermaster98
post Jan 11 2016, 02:09 PM

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QUOTE(wobbles @ Jan 11 2016, 02:03 PM)
Like I said, that's my rule. Obviously, my rule only applies to myself, and to me, it makes perfect sense. I'm not so bigheaded as to say that everyone else needs to follow what I set for myself. I keep to that rule for a simple reason - different strokes for different folks. If I made only $300,000 a year, I wouldn't want to own a car. I'll wait until I made more. I'd like to think that's how I ended up making the kind of money I'm making now. But, obviously, if you made RM300,000 and you wish to splurge on a set of wheels, who am I to stop you? Peace.
OK noted. Was wondering if it was a typo. But fair enough. That's your rule.
cybermaster98
post Jan 11 2016, 02:12 PM

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Anyway, I managed to get myself a brand new unregistered zero mileage 2015 F10 520i last month with a 65K cash discount and about 11K worth of freebies (excluding the 5 yr or 100,000km free servicing).
cybermaster98
post Jan 15 2016, 04:47 PM

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I just heard that most local banks have stopped / planning to stop giving out 9 yr loans for cars. Interest rates have also been increased.

BMW Credit has limited their loans to 6 yrs tenure now compared to 8 yrs previously. You can still get 8 yrs but the interest rate is much higher (approx. 3.10%).

Anyway Quill PJ's latest promo for 2015 5 Series is:

1) Cash discount of 61K only (65K previously)
2) Upgrade of tint to high grade Llumar Diamond 6 - need to top up RM2,100 (previously FOC)
3) No Regal Valet GYEON coating worth 4K (previously FOC)
4) Interest rates up by 0.2% (I got 2.49% under BMW Credit for a 8 yr loan)

2016 manufactured models arriving next week. No discount / promo.
cybermaster98
post Jan 20 2016, 01:52 PM

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QUOTE(skylinelover @ Jan 16 2016, 10:57 PM)
BMW electronics can kill ya if broke down doh.gif while mercedes less electronics less headache laugh.gif
That's why they have the 5 years warranty right? Will worry about that after the 5 years is up.
cybermaster98
post Jan 26 2016, 10:11 AM

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QUOTE(jay881209 @ Jan 25 2016, 12:56 PM)
Is there any VW 7 speed DSG owner here? Planning to get a golf 1.4 Tsi for my wife, but after browsing few forums, most of the feedback are negative. But still VW is selling like hot cake. Is it really this 1.4 Tsi DSG problematic?
Stay away from the 1.4TSI. And what hot cake? Sales have slumped.

 

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