16087 messages,
Last post on May 09, 2013 at 9:32 AM
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BMW 3 Series, Infiniti G37, Acura TL, Lexus IS 350, Mercedes-Benz C-Class, Cadillac CTS, Volvo S60, Audi A4, Acura TSX, Car Comparisons, Sedan
#13038 of 16087 Re: "My" 2012 BMW 328i [qbrozen]
by flightnurse
Feb 08, 2012 (9:21 pm)
HOwever if you buy the car with cash then you don't have much to worry about. With BMW, you get the 4yr 50K full warrenty, with my 2011 I added it up 6yrs 100Kmiles. I do not plan on keeping the 2011 for 6 yrs, 4 tops. I like the 2011 don't get me wrong, but I feel a Z4 in my future. My 2005 330ic with the ZHP package I plan on keep for a while..
So some people like to buy new and some do not, there is not a right or wrong choice here.
#13039 of 16087 Re: "My" 2012 BMW 328i [flightnurse]
by qbrozen
Feb 09, 2012 (9:26 am)
HOwever if you buy the car with cash then you don't have much to worry about.
That, of course, has nothing to do with depreciation.
I do not plan on keeping the 2011 for 6 yrs, 4 tops.
6 years isn't bad. 4 years isn't so great. You definitely get hit hard in that case.
So some people like to buy new and some do not, there is not a right or wrong choice here.
Well, of course people can do whatever they want with their money. If someone wants to waste more, that is their perogative. I certainly have no right to preach. I am quite wasteful myself on my car spending .... just not nearly as wasteful as I would be if I purchased new.
#13040 of 16087 Re: "My" 2012 BMW 328i [qbrozen]
by flightnurse
Feb 09, 2012 (10:18 am)
Preaching is what you are doing. The group you are talking to now the ins and out of depreciation, cars and how to get the best deal.
If you pay cash for your car there is no interest in the purchase, so the dollar outlay is less. I paid $39K (out the door) for my 2011 328i. In four years if I sell it for $30K I lost only 9K, I wont have more then 35K miles on the car, so selling it or trading it in wont be a problem.
Now if you wont to buy a 2 yr old car, then buy a 2 yr old car, I like others do not want a used car, this should be the end of this discussion.
#13041 of 16087 Re: "My" 2012 BMW 328i [flightnurse]
by qbrozen
Feb 09, 2012 (11:39 am)
You must be talking to someone else.
Here is what I said:
This is a prime example of why I buy used. And if you want all those options, I suggest you do the same.
Reread that again and again if you think I'm preaching. "Why I buy used." And "I suggest."
Only friendly advice in those words. Hell, I regretted it after I posted it because I don't actually WANT folks to follow it. I'm grateful to those that load up their new vehicles and take a bath 2 years later.
The group you are talking to now [sic] the ins and out [sic] of depreciation
You certainly can't speak for everyone. Actually, MOST people don't realize the depreciation of options. So, again, I was offering up a SUGGESTION, along with some historical data. You certainly don't need to gives a rat's bum about my advice. Again, that's your perogative. I didn't offer it for your exclusive benefit.
By the way, you won't be selling a 4-year-old 328i for $30k. Low-mileage '08s are going for right around $20k at auction, meaning, at the most, $24k retail and $22k private party. But I'm sure you knew that.
#13042 of 16087 Re: "My" 2012 BMW 328i [flightnurse]
by m6user
Feb 09, 2012 (11:39 am)
I paid $39K (out the door) for my 2011 328i. In four years if I sell it for $30K I lost only 9K
LOL. I assume you paid sales tax and other fees so the car was probably around a sales price of $37k. Depreciation of less than 19% in four years? Good luck.
#13043 of 16087 new vs. used, financing vs. cash
by nyccarguy
Feb 09, 2012 (12:34 pm)
I didn't mean to throw up a topic & start an argument between 2 posters. Especially q who is our resident auction maven & 135i driver and flightnurse who tracks his ZHP on a regular basis & found an awesome E90 low optioned 328i w/ SP & stick. "Can't we all just get along?"
Like I stated, I've only bought (or leased) new cars since the glorious day I got my license back in August 1992. I'm happy with my 2010 Acura TSX as a DD (could use more power, hydraulic steering, & MUCH better brakes), but am not head over heels in love with it (like I am my 2001 Prelude Type SH). My TSX was also a car that I bought originally for my wife with Cash 4 Clunkers money that I knew I'd be driving on the weekend, but not every day. This changed when we decided to have a 3rd child and now needed a bigger vehicle. Bought her a 2011 Pilot, The 2010 TSX becomes my DD, & my beloved Prelude gets driven once or twice a week (yes it gets the garage with the Pilot).
I'm always thinking (building online & checking out used car values) about what's next. I know the financially smart thing to do is to pay off the TSX (just refinanced), and drive it with no payment until the wheels fall off. Cars are my "thing." I've been hooked on BMWs ever since I drove a friend's '95 E36 325is (stick, sport) through the streets of Buffalo one winter night when I was in college. I leased my wife an '07 X3 and just loved the way it drove. It was never in the shop once except for scheduled maintenance.
With 3 kids and a mortgage, I think it would be selfish of me to go out and buy an almost $50K car (328xi or X3). If in a few years, I can muster together a small down payment, then I can convince the board of directors (my wife) that this Mid to high used $20K BMW (X3 or 328xi) is what i want and I think it'll last, then I'll go for it! Life's way too short to drive boring cars.
#13044 of 16087 Re: new vs. used, financing vs. cash [nyccarguy]
by qbrozen
Feb 09, 2012 (1:10 pm)
Hey, don't forget my poor 540.
You reminded me... I wanted to also say that's the one nice thing about the Acura (well, seems to be most Japanese vehicles): low-to-no options. There is something to be said for simplicity and standard features.
The Germans are notoriously horrible in that regard. I was shocked to see at a Porsche show that you could actually option up a base Boxster into 911 GTS territory!
#13045 of 16087 Re: "My" 2012 BMW 328i [flightnurse]
by dino001
Feb 09, 2012 (1:52 pm)
paid $39K (out the door) for my 2011 328i. In four years if I sell it for $30K I lost only 9K, I wont have more then 35K miles on the car, so selling it or trading it in wont be a problem
Talking delusional
And my house is worth half a milon.
After four years you'd be lucky to get $20K for a stripper 328. Unless you got something like 10 grand discount (which I doubt), it was probably base plus one package, no sunroof, no sports, no HID.
#13046 of 16087 Re: new vs. used, financing vs. cash [qbrozen]
by nyccarguy
Feb 09, 2012 (2:28 pm)
Something that I do love about my Acura. Tech pkg was the only option. Auto was a no cost option.
Porsche's options are insane. It is cool how customizable the cars are from the factory. My Mom drives a 2011 V6 Cayenne. I think there are only 3 options on it, but one is a $10,000 option package.
It is crazy if you ever look on a Porsche dealer's website to see inventory. Some of them have PDK equipped base boxsters with $70K + MSRPs.
#13047 of 16087 Re: "My" 2012 BMW 328i [qbrozen]
by flightnurse
Feb 09, 2012 (2:39 pm)
I would like to hear from the regulars of this group if I shouldn't have made the comment "he group you are talking to now [sic] the ins and out [sic] of depreciation" is false!
Regarding my 328i, first you are making an assumption that my 328 is a strip down car, MSRP was almost 47K, the GM ordered this car as an experiment and it failed on him. Here in Phoenix, 99% of all 3 series cars (non M cars) are sold with automatics, the GM wanted to see if he ordered a 328i with M sport package, (leather was a free option on my 328) xenon head lights, keyless access, cold weather package, moon roof would sell, and it did't not sale, it sat on the lot for 5 months. I must have hit the showroom at the right time, that is why I got the smoking deal. So yes most base 328 with very little options are selling at mid to low 20s. BTW, the average buyer can not get cars at auction prices so that is a mood point. So currently at one of the local BMW dealers in Phoenix, has 2 BMW 328s with the M sport package with 40 and 49K miles are asking 28 and 30K for them. Mine will have less then 40K and keep in pristine condition with all the right option.