reply to "if your so young how you afford bmws?"

Eugeinus · 02-28-2013, 03:22 PM

Most of the younger people on the forum, who claim to have great jobs are still spending much more than they realistically can afford on a car. As some have said, they still live at home, and it might be their only real expense, hence they can "afford" it. If they had to pay rent or a mortgage, plus various insurances, plus groceries, etc, etc the story might be different. Real life expenses add up fast, and I'm not even counting marriages or children

I'm not lumping everyone in the 16 through 20-22 age group in this bracket, as I'm sure some probably do make well over enough to afford their cars, but the reality is that unless you come out of school and have your own well established business, or land a highly prized high paying job, buying a 50K car making 50K and saying "oh yeah, I can easily afford it" is foolish.

edirtaynine · 02-28-2013, 03:49 PM

Quote:

Originally Posted by Eugeinus

Most of the younger people on the forum, who claim to have great jobs are still spending much more than they realistically can afford on a car. As some have said, they still live at home, and it might be their only real expense, hence they can "afford" it. If they had to pay rent or a mortgage, plus various insurances, plus groceries, etc, etc the story might be different. Real life expenses add up fast, and I'm not even counting marriages or children

I'm not lumping everyone in the 16 through 20-22 age group in this bracket, as I'm sure some probably do make well over enough to afford their cars, but the reality is that unless you come out of school and have your own well established business, or land a highly prized high paying job, buying a 50K car making 50K and saying "oh yeah, I can easily afford it" is foolish.

truth

e90335iftw · 02-28-2013, 03:53 PM

Quote:

Originally Posted by GChase

Not one of these again...
Parents' money.
/endthread

kdbryce · 02-28-2013, 04:49 PM

"if YOU'RE so young..."

annoying as fuck.

BEAR-AvHistory · 02-28-2013, 04:57 PM

Quote:

Originally Posted by Rmnelson12

I'm 22 and fly for the navy, so I wanted something that could drive maybe 1/4 the speed.

A navy pilot @ 22?

CharlieBear · 02-28-2013, 05:23 PM

Quote:

Originally Posted by Eugeinus

Most of the younger people on the forum, who claim to have great jobs are still spending much more than they realistically can afford on a car. As some have said, they still live at home, and it might be their only real expense, hence they can "afford" it. If they had to pay rent or a mortgage, plus various insurances, plus groceries, etc, etc the story might be different. Real life expenses add up fast, and I'm not even counting marriages or children

I'm not lumping everyone in the 16 through 20-22 age group in this bracket, as I'm sure some probably do make well over enough to afford their cars, but the reality is that unless you come out of school and have your own well established business, or land a highly prized high paying job, buying a 50K car making 50K and saying "oh yeah, I can easily afford it" is foolish.

Bingo.

LucWerkz · 02-28-2013, 05:30 PM

I don't know about you guys but I dated a rich girl in high school and married her after I graduated college. Why work hard when you don't have to work at all.

Anon007 · 02-28-2013, 05:33 PM

/sarcasm on
My parents said if I play video games less I can have a bmw

John 070 · 02-28-2013, 05:36 PM

Quote:

Originally Posted by KwlAznKid

can't tell if serious

Ok, ok, so I'm 9 credits shy of getting my assoiciates, but it's almost a sure thing by summer.

badassfajita · 02-28-2013, 05:39 PM

In all seriousness, my general rule is income / 2.5 = max car I can afford with a "reasonable" cost of housing, food, etc.

John 070 · 02-28-2013, 05:44 PM

Quote:

Originally Posted by Eugeinus

buying a 50K car making 50K and saying "oh yeah, I can easily afford it" is foolish.

The avg. gross income on a new E46 buyer was 140k. I saw the BMW marketing materials.

E46's cost way less than E9x's. Especially 2013's, wow. So it would stand to reason the avg. gross income is way higher than 140k. It is what it is. I know that's not the avg. gross income on this forum.

Want_1 · 02-28-2013, 05:46 PM

One morning saw it sitting in someones driveway warming up in the winter. Looked inside, saw the keys and figured hey why not they must not want it if the door is unlocked. Jumped in and never looked back.

LucWerkz · 02-28-2013, 05:46 PM

Quote:

Originally Posted by John 070

The avg. gross income on a new E46 buyer was 140k. I saw the BMW marketing materials.

E46's cost way less than E9x's. Especially 2013's, wow. So it would stand to reason the avg. gross income is way higher than 140k. It is what it is. I know that's not the avg. gross income on this forum.

Go to bed. You're 94 years old, what are you still doing up.

speedco · 02-28-2013, 06:14 PM

Jealousy is an ugly color

Summed up quickly, you wouldn't reject your parents' offer to buy you a car, and two, a used Euro is cheaper than a new rice rocket

No need for the hate guys

Edit: I couldn't even IMAGINE that conversation

"Would you want a new Civic or a used BMW?"
"No thanks, Ma, I want to work full time and juggle classes and hopefully buy a beater"

TomasKub · 02-28-2013, 08:51 PM

I'm 17 and have a BMW but that's because I was smart and started saving since I was 10 and once I turned 17 I had a pretty huge sneaker collection and I sold most of it to gather up some more money. I ended up saving about $12,000 and my mom helped me out with about $7-8000. I'm not some punk kid either. I'm extremely blessed to have such a beautiful car.

Crewchief05 · 02-28-2013, 09:10 PM

?????

kgroschi · 02-28-2013, 09:20 PM

16 - Mercedes E350
17 - E60 M5 '08
21 - E90 335i

I am not allowed to work in this country

Sorry. Soon a College graduate though.

electro-house · 02-28-2013, 11:13 PM

My eBay business I started when I was 16, paid for my e46 when I was 19, and my 335i when I was 24.

Lankster · 02-28-2013, 11:26 PM

24, Work at a bank, dont pay rent since still going to college, put about $18k down on my car used out the door for $28k. Good way to build credit

Fat Goose · 02-28-2013, 11:34 PM

Quote:

Originally Posted by BEAR-AvHistory

A navy pilot @ 22?

They start us young.... aka right out of the boat school, and I am young for my class.... still haven't earned those wings...1390 all the way.

.... and I have stated way to much.

dreamnmotion · 02-28-2013, 11:43 PM

dang a lot of you guys work, I think I'm the only one who's never had a job before. I'm graduating from pharmacy school this May. Parents bought me the 335 back in 07 when i was 21

-Wingman- · 03-01-2013, 12:37 AM

Lol @ thinking 300hp is a lot of hp.

02-28-2013, 03:22 PM	#45
Eugeinus Major 43 Rep 1,158 Posts Drives: 13' Audi A6 Join Date: Jan 2011 Location: DC/NOVA iTrader: (9)	Most of the younger people on the forum, who claim to have great jobs are still spending much more than they realistically can afford on a car. As some have said, they still live at home, and it might be their only real expense, hence they can "afford" it. If they had to pay rent or a mortgage, plus various insurances, plus groceries, etc, etc the story might be different. Real life expenses add up fast, and I'm not even counting marriages or children I'm not lumping everyone in the 16 through 20-22 age group in this bracket, as I'm sure some probably do make well over enough to afford their cars, but the reality is that unless you come out of school and have your own well established business, or land a highly prized high paying job, buying a 50K car making 50K and saying "oh yeah, I can easily afford it" is foolish. __________________ 2010 335i xdrive M sport - Sold
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02-28-2013, 04:49 PM	#48
kdbryce I have to return some video tapes 362 Rep 4,712 Posts Drives: e70 X5M Join Date: Apr 2011 Location: Albany, NY iTrader: (0)	"if YOU'RE so young..." annoying as fuck. __________________ 13 Carbon Black e70 X5M - 13 Black Sapphire e92 335i - 10 Le Mans Blue e92 335i - 09 Monaco Blue e92 328i xdrive - 07 Sparkling Graphite e92 328xi
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02-28-2013, 05:30 PM	#51
LucWerkz Banned 78 Rep 1,237 Posts Drives: e70 X5 4.8i (Temporarily) Join Date: Dec 2011 Location: DC/VA/MD/PA iTrader: (1)	I don't know about you guys but I dated a rich girl in high school and married her after I graduated college. Why work hard when you don't have to work at all.
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02-28-2013, 05:33 PM	#52
Anon007 Captain 60 Rep 766 Posts Drives: BMW Join Date: Jul 2012 Location: USA iTrader: (0)	/sarcasm on My parents said if I play video games less I can have a bmw
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02-28-2013, 05:39 PM	#54
badassfajita First Lieutenant 40 Rep 333 Posts Drives: 2013 e70 3.5i Join Date: Sep 2005 Location: Dallas iTrader: (1)	In all seriousness, my general rule is income / 2.5 = max car I can afford with a "reasonable" cost of housing, food, etc.
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02-28-2013, 05:46 PM	#56
Want_1 Private 43 Rep 78 Posts Drives: Spec V Join Date: Jun 2012 Location: Chicago iTrader: (0)	One morning saw it sitting in someones driveway warming up in the winter. Looked inside, saw the keys and figured hey why not they must not want it if the door is unlocked. Jumped in and never looked back.
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02-28-2013, 06:14 PM	#58
speedco Enlisted Member 4 Rep 35 Posts Drives: 07 E90 Join Date: Nov 2012 Location: Chino Hills iTrader: (0)	Jealousy is an ugly color Summed up quickly, you wouldn't reject your parents' offer to buy you a car, and two, a used Euro is cheaper than a new rice rocket No need for the hate guys Edit: I couldn't even IMAGINE that conversation "Would you want a new Civic or a used BMW?" "No thanks, Ma, I want to work full time and juggle classes and hopefully buy a beater" Last edited by speedco; 02-28-2013 at 06:19 PM..
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02-28-2013, 08:51 PM	#59
TomasKub New Member 0 Rep 18 Posts Drives: 2007 BMW 335i Join Date: Jan 2013 Location: Las Vegas, NV iTrader: (0)	I'm 17 and have a BMW but that's because I was smart and started saving since I was 10 and once I turned 17 I had a pretty huge sneaker collection and I sold most of it to gather up some more money. I ended up saving about $12,000 and my mom helped me out with about $7-8000. I'm not some punk kid either. I'm extremely blessed to have such a beautiful car. __________________ \|Injen CAI\| \|Muffler Delete\| \|OEM Oil Cooler\| \|WeissLicht\| \|Painted Reflectors\|
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02-28-2013, 09:10 PM	#60
Crewchief05 SBD 3 Rep 273 Posts Drives: 335i e90 Join Date: Dec 2012 Location: Arkansas iTrader: (0) Garage List 08 335i [0.00]	?????
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02-28-2013, 09:20 PM	#61
kgroschi Captain 631 Rep 959 Posts Drives: 08' M5, '09 335i, '18 M3 MT Join Date: Feb 2012 Location: Munich and Los Angeles (O.C.) iTrader: (0)	16 - Mercedes E350 17 - E60 M5 '08 21 - E90 335i I am not allowed to work in this country Sorry. Soon a College graduate though.
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02-28-2013, 11:13 PM	#62
electro-house Lieutenant 24 Rep 533 Posts Drives: 2008 335i coupe Join Date: Sep 2010 Location: Phoenix iTrader: (0)	My eBay business I started when I was 16, paid for my e46 when I was 19, and my 335i when I was 24.
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02-28-2013, 11:26 PM	#63
Lankster Sigma Alpha Epsilon 38 Rep 425 Posts Drives: 2007 335xi Join Date: Apr 2012 Location: Encinitas iTrader: (1)	24, Work at a bank, dont pay rent since still going to college, put about $18k down on my car used out the door for $28k. Good way to build credit __________________ Forum Bible http://www.albinoblacksheep.com/flash/posting JB4, BMS DCI, Dimisa 4" tips, VMR 710 Matt Black, Plasti-Dip Mod
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02-28-2013, 11:43 PM	#65
dreamnmotion Second Lieutenant 8 Rep 253 Posts Drives: 2007 335i sedan Join Date: Jul 2007 Location: Houston iTrader: (1)	dang a lot of you guys work, I think I'm the only one who's never had a job before. I'm graduating from pharmacy school this May. Parents bought me the 335 back in 07 when i was 21 __________________
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03-01-2013, 12:37 AM	#66
-Wingman- Banned 17 Rep 493 Posts Drives: 2011 e92 M-Sport Join Date: Feb 2013 Location: Kansas iTrader: (2)	Lol @ thinking 300hp is a lot of hp.
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