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 .,..

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.