[iviegatron]

Originally Posted by Tyga11

Just because you make less than $350,000 doesn't truly mean you can 'afford it'

Are you maxing out your 401(k)? Do you have an IRA? 6 month emergency savings etc?

Sure it does. Everyone's situation is different. Only the individual truly knows if they can afford it or not based on their savings, salary and expenses.

[Delmoney335]

Originally Posted by Tyga11

Just because you make less than $350,000 doesn't truly mean you can 'afford it'

Are you maxing out your 401(k)? Do you have an IRA? 6 month emergency savings etc?

We could all be doing better things with our money than buying an M3 or any luxury car. As long as you’re comfortable with your situation and have it under control. Go for it, if you wait to be in the “perfect” situation , you may never do it. Why did you start this thread. Again lol

[NoSuchSol]

Originally Posted by AhsanU

I’m stuck on the first Astaroth battle on D4 with my sorcerer. Anyone have any tips? I spec’d into chain lighting, hydra, and firewall. I should probably do frozen orb build tbh

made it to tier 3. I need mana.....

[Forzanerazzurri]

Originally Posted by Delmoney335

We could all be doing better things with our money than buying an M3 or any luxury car. As long as you’re comfortable with your situation and have it under control. Go for it, if you wait to be in the “perfect” situation , you may never do it. Why did you start this thread. Again lol

Well put

[jmg]

Originally Posted by G MONEY

I just cut down on the Hookers/Coke and the rub and tug. Now there is extra cash around. It’s all about needs🤣

So you're telling me I can actually afford a Bugati?!

[vbb]

Originally Posted by Delmoney335

We could all be doing better things with our money than buying an M3 or any luxury car. As long as you’re comfortable with your situation and have it under control. Go for it, if you wait to be in the “perfect” situation , you may never do it. Why did you start this thread. Again lol

Bingo. Too many people turn these threads into an opportunity to a.) Flex, or b.) Lecture.
We're car enthusiasts. Almost by definition we spend money on vehicles that would make any financial planner shake his/her head.

I will say this...whatever your financial situation, ownership of a car is far more comfortable and less stressful when you're not overextended financially. Buying a car that you can barely afford will diminish the ownership experience if you become paranoid about putting miles on it, having to do maintenance, or never being able to replace it if you get in an accident.

[kgelfen360]

Originally Posted by vbb

Bingo. Too many people turn these threads into an opportunity to a.) Flex, or b.) Lecture.
We're car enthusiasts. Almost by definition we spend money on vehicles that would make any financial planner shake his/her head.

I will say this...whatever your financial situation, ownership of a car is far more comfortable and less stressful when you're not overextended financially. Buying a car that you can barely afford will diminish the ownership experience if you become paranoid about putting miles on it, having to do maintenance, or never being able to replace it if you get in an accident.

The replacing part is what insurance is for right? Cuz if my g80 is toast I am not making same financial mistake twice. Lol.

[Likeanowl]

Originally Posted by geko29

That would be about $2200/year if you're getting the rated 19mpg, up closer to $3k if you're way down at 15mpg.

My car actually shows I average 22/mpg since I bought it. I guess my 8k figure was way too high lol oops. It was just a guess haha

[G MONEY]

Originally Posted by jmg

So you're telling me I can actually afford a Bugati?!

Go for it dog!! I think they are ugly, so I would go a different route but if you can swing it, fucking -A

[vbb]

Originally Posted by kgelfen360

The replacing part is what insurance is for right? Cuz if my g80 is toast I am not making same financial mistake twice. Lol.

Yeah normally that's what insurance is for, but some people finance cars at rates that put them upside-down, or roll in negative equity, so even if their car is totalled they still owe. That's a pretty good sign that you've bought too much car.

[static_void]

Originally Posted by vbb

Bingo. Too many people turn these threads into an opportunity to a.) Flex, or b.) Lecture.
We're car enthusiasts. Almost by definition we spend money on vehicles that would make any financial planner shake his/her head.

I will say this...whatever your financial situation, ownership of a car is far more comfortable and less stressful when you're not overextended financially. Buying a car that you can barely afford will diminish the ownership experience if you become paranoid about putting miles on it, having to do maintenance, or never being able to replace it if you get in an accident.

Exactly. These threads are almost never made in good faith.

[Hit_Apex]

How many celeries I need to rock M4 sports car? Achieve all the celeries you can given your drive and aptitude for success. Once you understand that equation, buy accordingly. Get in where you fit in and has fun.

[evoi19]

Could care less what people make. If you have one, you have one. Car community and culture isn’t about what you gotta do to afford it. We love em enough to find a way to afford it. Different strokes for different folks.

[Ginster6]

Business Lease write Off.

do not affect my salary.

[GEEE82]

I would surmise that most people are going from a previous car to a M3/M4.
If you had a loan for say 20k previously than your bank usually gives 1.5 more of your previous loan every 6 months.
What you can afford, usually comes down to what the Bank believes you can afford.

Also keep in mind that your money is not actually gone but tied up in a depreciating asset that if you needed to you could sell at any point.
What you CAN afford all comes down to what you are comfortably with.

A good person to ask is your accountant!

[Vishal50028]

50/30/20 (or more than 20) rule for me

[vinha916]

Originally Posted by Th3DarkSide

Right. I’m sitting here like WTF are you guys smoking. I pay $270 a month for a 2022 X3 and 2023 M3

I pay $88 monthly, I thought it is too much. I have multi-cars + house on the policy.

[r0wr]

Originally Posted by Likeanowl

A rule of thumb I always went by for any purchase I ever made in life with the exception of a home was if you cannot afford to buy whatever it is in cash, at the time of purchase, 2 times over, then you cannot afford that item.

I am not saying you have to pay for it in cash, but if in your savings/investments/liquid assets, you do not have enough to pay for it twice over and still have a good cushion left, then I say don’t buy it. Again, only exception is a house.

With that being said, I make a very modest salary but because of that rule I have plenty of money saved, was able to buy it in cash, and currently have $0 in debt, and owe nobody anything outside of standard monthly bills. But to each their own.

Good mentality to live by but 75 percent of BWM owners would not have BMWs if that was the case.

[wtwo3]

If there's one thing this post has taught me... it's that many of ya'll are getting raped by your insurance companies.

[Forzanerazzurri]

Originally Posted by wtwo3

If there's one thing this post has taught me... it's that many of ya'll are getting raped by your insurance companies.

There's probably a reason for it.

[static_void]

Originally Posted by vinha916

I pay $88 monthly, I thought it is too much. I have multi-cars + house on the policy.

I pay $3800/yr for insurance on my G80 alone. Age, location, ticket history, accident history, coverage levels, add-ons (modification coverage, glass coverage), provider; all are major factors. Endless variables besides the ones I've mentioned, too. As long as one is okay with what they're paying, it's always going to be an apples-to-oranges comparison.

[G MONEY]

Originally Posted by static_void

I pay $3800/yr for insurance on my G80 alone. Age, location, ticket history, accident history, coverage levels, add-ons (modification coverage, glass coverage), provider; all are major factors. Endless variables besides the ones I've mentioned, too. As long as one is okay with what they're paying, it's always going to be an apples-to-oranges comparison.

Uggggg. F that. You know anyone with a body shop? Raise those deductibles ASAP!!!!