[nsjames]

financing a ten year old luxury car is not how you get ahead financially.

if you can't afford to pay cash for a ten year old car, you're shopping in the wrong price bracket.

that's not hate, that's basic financial advice.
I've never financed a car in my life. I've owned lots of cars.

[DgjoX6M2016]

IMO not enough income. Be patient young padawan...If has to be BMW go with 328 with non turbo straight 6. The 4s have timing chain guide issues. Big $ repair relative to car value. Get a stick if you can. If not that's okay as the ATs are solid. Often good morning units for 6 speeds.

The 335d will smoke your RR tires bald every year. Or sooner. There is no LSD. I had one so I know.

Just don't throw an M badge on it

[JUMAS]

I worked at the Geeksquad in my younger days, you need a new job. lol

[Batman2001]

Originally Posted by CTinline-six

+1

The insurance alone would suck.

parents pay for it, it’ll be my 50 year old mom listed as driving it who hasn’t had an accident a day in her life.

[Batman2001]

Originally Posted by fortywater

The parts you said you are going to change immediately amount to almost $1k alone in parts...the harmonic balancer is $500...where is this money coming from? You also stated that you cant wrench on cars, so that means you need a mechanic to do that. You are looking at a $10.5k car purchase and then turning around and putting another $2k into it immediately. Also, a turbo car for insurance for an 18 year old is going to be ridiculous.

Buy a 330i or a 328i if you want a BMW. Idk what you have been reading, but it will be much more reliable and cheaper for you to maintain than a 335.

Better yet, buy a toyota or something.

But, it seems like you have made up your mind and you made this thread for justification. I hope you have a decent savings because stuff will break because its a BMW.

whitbread performance sellers viscous harmonic balancer for $300 with clutched alternator pulley. I can wrench, i’m just a novice.

[Batman2001]

Originally Posted by Schmitz

Do you really think he can afford to mod this car at all?

I can, also will be getting refunds from scholarships every semester... about 3k per semester so every 4 months...

[Batman2001]

Originally Posted by Emilime75

You're also showing really poor judgement and financial decision making...in other words, immaturity.

Let's do a bit of quick math;
To get to school and work you travel 60 miles/day, the 335D roughly averages 30 miles/gallon and where you live, diesel is $2.50/gallon.
That's $150/month in diesel, and it doesn't include fuel spent taking your girlfriend out, or any other drives you make aside for work and school. This will also go up when you graduate and your commute goes up an additional 40 miles/day.

Your monthly loan payment will be $250. You're now already at $400/month.

Add in insurance, and at your age, it likely won't be cheap.

So, your car is going to cost you roughly 70% of your income, leaving only 30% for everything else.

i already spend $250 a month on gas with the camry, gas mileage not too good. Insurance will not be paid for by me.

[Batman2001]

Originally Posted by smass

It's a $100 mod and we need to give the kid something to live for . My 16 year old is bugging me for a 335i and that is not happening so a 255hp 328i is the compromise.

you. are. the. greatest. father. alive.

[Batman2001]

Originally Posted by JUMAS

I worked at the Geeksquad in my younger days, you need a new job. lol

$13 an hour and i am relatively new. It’s pretty good pay for an 18 year old.

[TheMidnightNarwhal]

Originally Posted by Batman2001

I can, also will be getting refunds from scholarships every semester... about 3k per semester so every 4 months...

Yes but the problem is your assured income. If I were in your shoes with that income I wouldn't be comfortable.

I got my car at 21 last year and I even financed half of it but the thing is I had more than triple your assured income per month. Since then I've put about 4 000$ in repairs and maintenance in parts alone + ~ 6000$ in mods.

After your payment you are left with 500$ a month. No where close enough man, if you want a stress free ownership.

[Batman2001]

Originally Posted by nsjames

financing a ten year old luxury car is not how you get ahead financially.

if you can't afford to pay cash for a ten year old car, you're shopping in the wrong price bracket.

that's not hate, that's basic financial advice.
I've never financed a car in my life. I've owned lots of cars.

Dad was actually going to pay for it all cash no financing, but i wanted to learn some responsibility and not just ride mommy and daddy forever.

[TheMidnightNarwhal]

Originally Posted by Batman2001

Dad was actually going to pay for it all cash no financing, but i wanted to learn some responsibility and not just ride mommy and daddy forever.

That's a mistake. You are 18. I would use their money.

I'm 21 living with my dad and saving up until I can get a house and he doesn't charge me rent or food or anything. You have to take advantage of that since they are offering it to you! Your parents are there to help you out and support you. After all they are the ones who put you in this world.

Buuuut, I assume if you were to have financial trouble they would help you out if they offer that? So I guess you can try it out and buy it if you are 100% you have a safety net just in case. Because like I said with your current income IMO not enough to own that car comfortably.

[Schmitz]

Originally Posted by Batman2001

Dad was actually going to pay for it all cash no financing, but i wanted to learn some responsibility and not just ride mommy and daddy forever.

God, I want to make a joke.

[Schmitz]

Originally Posted by Batman2001

Dad was actually going to pay for it all cash no financing, but i wanted to learn some responsibility and not just ride mommy and daddy forever.

Actually, I mean, getting your credit score up by taking out a loan is definitely a good idea. I still say n52 though since everything I read about the 335 is about costly repairs.

[Batman2001]

Originally Posted by Schmitz

God, I want to make a joke.

do it, i dont mind, i just needed sum clarity

[Batman2001]

Originally Posted by Schmitz

Actually, I mean, getting your credit score up by taking out a loan is definitely a good idea. I still say n52 though since everything I read about the 335 is about costly repairs.

but what about the diesel version, the one i want. I know the gasoline was is absolutely trash in reliability, but i’ve read after deletes the diesel was is amazing

[Schmitz]

Originally Posted by Batman2001

but what about the diesel version, the one i want. I know the gasoline was is absolutely trash in reliability, but i’ve read after deletes the diesel was is amazing

That's what I mean, the 335d.

[fortywater]

Originally Posted by Batman2001

but what about the diesel version, the one i want. I know the gasoline was is absolutely trash in reliability, but i’ve read after deletes the diesel was is amazing

I feel like you are ignoring the fact that the 335d still breaks. It may not break as much as the 335i does, but when it does, it's just as expensive if not more expensive. The 335d is not a car that can be driven and neglected like a Camry.

How many miles does this car have that you are looking at?

[fortywater]

Originally Posted by Schmitz

Actually, I mean, getting your credit score up by taking out a loan is definitely a good idea. I still say n52 though since everything I read about the 335 is about costly repairs.

Yeah it is. But you can also open up a credit card with a $500-$1k limit and use it for your every day purchases and get your credit established that way. It will not only teach you how to manage a budget, but will establish credit without having a lien on a money pit of a vehicle.

[Tambohamilton]

Have your dad buy it so you're not paying interest to a random 3rd party. But make the same monthly payments to him. Give him the spare key so he can repossess your car if you miss payments. That's a nice safe way to teach yourself financial responsibility...but then, an even better way would be to not buy an aging luxury/performance car, even though it's technically possible and you do want it.

Financial responsibility = not buying whatever takes your fancy, even if you have the money in your pocket for it.

[Rsoxs19]

With only $750 a month I think that cuts it too close. Had I not bought my 335i outright when I was 16 it would be difficult to be paying monthly on it because I live on campus and dont have a job while in school. I'm 20 fwiw

There are certainly better deals to be had. I've been flipping a few 335's and have made almost $10k so far. There's plenty of 335i's in the $2500 range that need minimal work.

335i's are NOT as unreliable as people make them out to be. My personal 335i has 600hp and the only issue I ever had was to replace the ofhg and vcg.

Now someone needs to talk me out of buying an M4

[TheMidnightNarwhal]

Originally Posted by Rsoxs19

With only $750 a month I think that cuts it too close. Had I not bought my 335i outright when I was 16 it would be difficult to be paying monthly on it because I live on campus and dont have a job while in school. I'm 20 fwiw

There are certainly better deals to be had. I've been flipping a few 335's and have made almost $10k so far. There's plenty of 335i's in the $2500 range that need minimal work.

335i's are NOT as unreliable as people make them out to be. My personal 335i has 600hp and the only issue I ever had was to replace the ofhg and vcg.

Now someone needs to talk me out of buying an M4

Man I realy want to start flipping. I'm definitely very knowledgeable in the N54 with the work done on mine. Do you basically buy cars that are sold at a low price because of like the valve cover is cracked then you re-sell it at normal value?

And no man, my next car is probably going to be a M4, there is no talking out of it! M4 or M2 is like the natural progression from a 335i lol.