How old are you guys?

Dmarcen · 11-30-2016, 04:52 PM

This was my 30th bday gift to myself. Not quite old enough to claim midlife crisis but after driving generic cars the last 5 years since my RX8 In my early 20s decided it was time.

PCD next Tuesday. Finally decided on a plate, "SONIC". Figured blue+nimble and fast with a little throw back to my youth

dcgolfdr · 11-30-2016, 05:13 PM

Quote:

Originally Posted by Dmarcen

This was my 30th bday gift to myself. Not quite old enough to claim midlife crisis but after driving generic cars the last 5 years since my RX8 In my early 20s decided it was time.

PCD next Tuesday. Finally decided on a plate, "SONIC". Figured blue+nimble and fast with a little throw back to my youth

Nice, I will be doing PCD on Monday.

mokrunka · 11-30-2016, 05:19 PM

Quote:

Originally Posted by dmk08

Quote:

Originally Posted by mokrunka

A bit different... not everyone can afford a ~$700 car note!

I think his point was while many can afford the note they cannot really afford the car. IE if you cant easily pay for the car in cash you probably shouldnt buy it.

Yeah, I'm sure that's what he meant. I guess I just disagree with needing to pay cash. I'd rather keep my own cash freed up to make money somewhere else; with car loan rates as low as they are, I can easily make better than 2.9% per year in a mutual fund or similar rather than 'loaning it' to BMWFS.

mokrunka · 11-30-2016, 05:21 PM

Quote:

Originally Posted by Dmarcen

This was my 30th bday gift to myself. Not quite old enough to claim midlife crisis but after driving generic cars the last 5 years since my RX8 In my early 20s decided it was time.

PCD next Tuesday. Finally decided on a plate, "SONIC". Figured blue+nimble and fast with a little throw back to my youth

At 31, I'm calling this my pre-life crisis

mokrunka · 11-30-2016, 05:21 PM

Quote:

Originally Posted by Destroya

Quote:

Originally Posted by DonkeyDrift

18. Comes in a couple months(:

Wow. Nice allowance!

No kidding!

heart_doctor · 11-30-2016, 05:30 PM

Quote:

Originally Posted by mokrunka

I'm 31. Curious to see what ages are interested/can afford the M2. I don't have one at this point, but I'm thinking about pulling the trigger on a MY 2017 before the end of the year. This is the first time a NEW M car has been in my price range, and I'm excited!

46 .... second M car .... awaiting production number on my M2.

chalbs · 11-30-2016, 05:37 PM

27, my first brand new car purchase. I'm doing PCD on 1/11/17, can't wait!

DETRoadster · 11-30-2016, 06:06 PM

Quote:

Originally Posted by mokrunka

Yeah, I'm sure that's what he meant. I guess I just disagree with needing to pay cash. I'd rather keep my own cash freed up to make money somewhere else; with car loan rates as low as they are, I can easily make better than 2.9% per year in a mutual fund or similar rather than 'loaning it' to BMWFS.

Yep, that's exactly what I meant!

Oh, I should contribute to the primary intent of the thread. I'm a crotchety old 43. Now get off my lawn you God Damn kids!

nd2002 · 11-30-2016, 06:22 PM

Quote:

Originally Posted by dmk08

I think his point was while many can afford the note they cannot really afford the car. IE if you cant easily pay for the car in cash you probably shouldnt buy it.

Cash invested makes 5-7%. Why dump it into a car?

dmk08 · 11-30-2016, 06:25 PM

Quote:

Originally Posted by nd2002

Quote:

Originally Posted by dmk08

I think his point was while many can afford the note they cannot really afford the car. IE if you cant easily pay for the car in cash you probably shouldnt buy it.

Cash invested makes 5-7%. Why dump it into a car?

I didn't say pay cash I said you should be able to pay cash. My car is financed at .9 with BMW. Free money.

M-Pilot · 11-30-2016, 06:36 PM

Quote:

Originally Posted by nd2002

Cash invested makes 5-7%. Why dump it into a car?

He is not saying that you should pay all cash for it. He's rather saying that if you don't have enough money in your bank account to pay all cash, you probably can't afford this car regardless you can afford the monthly finance payments or not. There are a lot of people who think they can afford a car just because they can afford the finance payments but without having any significant amount of cash in their bank account.

nd2002 · 11-30-2016, 06:44 PM

Quote:

Originally Posted by dmk08

Quote:

Originally Posted by nd2002

Quote:

Originally Posted by dmk08

I think his point was while many can afford the note they cannot really afford the car. IE if you cant easily pay for the car in cash you probably shouldnt buy it.

Cash invested makes 5-7%. Why dump it into a car?

I didn't say pay cash I said you should be able to pay cash. My car is financed at .9 with BMW. Free money.

Gotcha. That makes sense

DETRoadster · 11-30-2016, 06:45 PM

Quote:

Originally Posted by cntzl

He is not saying that you should pay all cash for it. He's rather saying that if you don't have enough money in your bank account to pay all cash, you probably can't afford this car regardless you can afford the monthly finance payments or not. There are a lot of people who think they can afford a car just because they can afford the finance payments but without having any significant amount of cash in their bank account.

Exactly. And that is why we have things like gap insurance.

When I got out of school and got my first big kid job, the first thing I did was buy a 93 MR2 Turbo. Sweet car for a 21 year old. $400/ month car payment. 100% financed. All was well till it blew a head gasket and I didn't have the $1,000 in the bank to fix it. Yeah, I could swing the monthly, but I sure as shit couldn't afford that car. Traded it in for a high mileage 89 Tercel. Took a big hit in the wallet and an even bigger hit to the ego but damned if I didnt learn a solid lesson about the difference between being able to afford the monthly vs. being able to afford the car.

andrettifan · 11-30-2016, 07:37 PM

61 years young, started with a 1970 2002 (see pic below), most recent was a 135is and my AW manual M2 now has 2000 miles. Pedal to the metal!

mokrunka · 11-30-2016, 07:41 PM

Quote:

Originally Posted by nd2002

Quote:

Originally Posted by dmk08

I think his point was while many can afford the note they cannot really afford the car. IE if you cant easily pay for the car in cash you probably shouldnt buy it.

Cash invested makes 5-7%. Why dump it into a car?

Exactly my point.

AYurch · 11-30-2016, 08:49 PM

24. First M car. Have been an avid BMW guy since my father bought his first 325i sport package back in 02. Have had a BMW in the family ever since. One of the best driving cars out there.

Gatte · 11-30-2016, 09:20 PM

Can't believe nobody's said this yet:

Old enough to drive.

Twt · 11-30-2016, 09:50 PM

Quote:

Originally Posted by Encinitas CA M2+M5 Owner

61... with some tiger left in the tank

Same here, have owned several BMWs but my first M... love to track it and pass the "kids"

Corinne · 12-01-2016, 08:43 AM

Old... but not yet decrepit

jdarwin · 12-01-2016, 08:55 AM

55. First M car.

Have a 2002 and E30. Just sold my 135i. Last BMW for me!

Joaozao · 12-01-2016, 11:11 AM

Quote:

Originally Posted by nd2002

Cash invested makes 5-7%. Why dump it into a car?

Where can I get in on 5-7% returns?

Verdi · 12-01-2016, 11:12 AM

40... Still can't affford a grown up's M car. :=)

Getting my second M2 next spring. Had a DCT this summer. Now going 6MT.

11-30-2016, 04:52 PM	#23
Dmarcen Private 69 Rep 91 Posts Drives: TBD Join Date: Jul 2016 Location: Columbus, OH iTrader: (0)	This was my 30th bday gift to myself. Not quite old enough to claim midlife crisis but after driving generic cars the last 5 years since my RX8 In my early 20s decided it was time. PCD next Tuesday. Finally decided on a plate, "SONIC". Figured blue+nimble and fast with a little throw back to my youth
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11-30-2016, 05:37 PM	#29
chalbs Private 59 Rep 53 Posts Drives: 2006 Sentra -> 2017 MG 6MT M2 Join Date: Sep 2016 Location: FL iTrader: (1)	27, my first brand new car purchase. I'm doing PCD on 1/11/17, can't wait!
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11-30-2016, 07:37 PM	#36
andrettifan Second Lieutenant 357 Rep 292 Posts Drives: 2020 M2C; 2017 330i wagon Join Date: Apr 2016 Location: Connecticut iTrader: (0)	61 years young, started with a 1970 2002 (see pic below), most recent was a 135is and my AW manual M2 now has 2000 miles. Pedal to the metal! __________________
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11-30-2016, 08:49 PM	#38
AYurch Private First Class 50 Rep 126 Posts Drives: 2017 M2 Join Date: Sep 2016 Location: Cleveland Ohio iTrader: (0)	24. First M car. Have been an avid BMW guy since my father bought his first 325i sport package back in 02. Have had a BMW in the family ever since. One of the best driving cars out there. __________________ 2017 M2 LBB 6spd Executive Package (Delivered 12/1/16) 2016 Dodge Ram Sport 1500 (Daily) 2013 VW Golf R (Sold) 2007 Honda Civic Si (Sold)
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11-30-2016, 09:20 PM	#39
Gatte Major 1193 Rep 1,266 Posts Drives: anything with 4 wheels. Join Date: Sep 2014 Location: Vista, CA iTrader: (0)	Can't believe nobody's said this yet: Old enough to drive.
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12-01-2016, 08:43 AM	#41
Corinne Captain 1171 Rep 709 Posts Drives: M2 2018 LBB 6MT Join Date: Feb 2015 Location: French Alps iTrader: (0)	Old... but not yet decrepit __________________ 2011 Lotus Elise SC, 2002 BMW 330d, 1990 Caterham Super 7 HPC (sold), 1985 Porsche 911 Carrera SC (sold), 1978 Caterham Super 7 (sold), 1972 Triumph TR6 (sold), 1972 Jensen Healey (sold), 1965 Triumph TR4A (sold)
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12-01-2016, 08:55 AM	#42
jdarwin Lieutenant 602 Rep 424 Posts Drives: 2018 M4 Convertible BSM DCT Join Date: May 2015 Location: United States iTrader: (3)	55. First M car. Have a 2002 and E30. Just sold my 135i. Last BMW for me! __________________ 2018 M4 convertible SBM 1990 E30 Convertible 2003 E39
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12-01-2016, 11:12 AM	#44
Verdi First Lieutenant 250 Rep 372 Posts Drives: F87 M2 -17, i3 REX -17 Join Date: Oct 2013 Location: Uppsala, Sweden iTrader: (0)	40... Still can't affford a grown up's M car. :=) Getting my second M2 next spring. Had a DCT this summer. Now going 6MT.
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