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3-Series (E46, E90) Chat relating to the BMW 3-Series from 1999 to Current. Models include: BMW 316i, BMW 318i, BMW 318Ci, BMW 320i, BMW 323i, BMW 325i, BMW 330i, BMW 328 Ci, BMW 328i, BMW 325i/xi, BMW 330Ci, BMW 320d, BMW 330d, BMW 335d.

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Old 09-26-2005, 12:38 PM   #1 (permalink)
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BMW purchase advice

Ok, I need some advice guys. Let me start off by saying I'm a really 'emotional' car buyer, so I easily get hooked on a car I want and lately I've been obsessing over this 04 white 330i coupe. Currently I have a 99 328i sedan with around 78k miles on it. The tricky part of the story is that the car i had before had alot of neg. equity on it and I had to dump it on the 328i that i bought. So right now I owe around 22k on the car i have and the 330i is around 32k. So I'm looking at paying around 41k for the 330i if I get it. I probably know the answer, but am I crazy for even considering it? Right now i have a car payment a bit under 500 and I can afford a payment around mid 700's. Oh yeah and no i dont want to get a new BMW, I kinda like the looks of the 04/05's better than the 06's.

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Old 09-26-2005, 05:12 PM   #2 (permalink)
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UR CRAZYYY!!!! buddy put the extra few hundred towards paying your current car off!!! lol im just one of those that are ummm conservative when it comes to spending dough!! ive had my 98 328i over a year i ahavent changed anything on it its all stock and its gona stay that way!! save ur dough!! lol pay if off 1st
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Old 09-26-2005, 08:39 PM   #3 (permalink)
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I agree. Pay off your current car as quickly as possible. Regardless of your financial situation, I think the wise thing to do is to wait until you get out of that negative equity nightmare that haunts you.
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Old 09-27-2005, 11:13 AM   #4 (permalink)
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Actually your negative equity of around 10K will be less of a percentage if you go for the more expensive car.
Right now you owe double what your current car is worth.
If you buy the newer BMW you will owe 25% more than what the newer car is worth.
Anyway you slice it you are not in a great situation.
If you really want the newer car my advice is go for it.
Whether you owe 20K or 40K is not the issue, its what will make you happy.
I have a 2001 330i paid in full, no debt and love it.
I had a 1997 318i and the difference is night and day.
If you really want it and you can afford it, money is just that.
You can always make more in the future.
Good luck
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Old 09-29-2005, 01:35 AM   #5 (permalink)
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I think I'm still gonna check into it. I found a 04 325ci with 12k miles on it for 29,900, so I'll go see if i can talk the guy down some more and see where it goes from there. Yeah I know it's crazy, but just like you said, money does come and go... if i don't spend it on a car i'll probably spend it elsewhere on something dumb... well even more so :lol:
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Old 10-05-2005, 01:53 AM   #6 (permalink)
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As the others said, you are crazy. At least pay off your other car or put a huge down payment to go with the 04/05. I wouldn't even aim at a 04/05. The 03 is good enough. If I remember correctly, 03 is when they started inputing bluetooth and all that good stuff. I pay $150 a month for my 05. I put 24k down out of 30k
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