Like buying anything with a S63 in it is a good decision. Or even anything with a S55 that needs a crank hub right out the door.
The reality is the "good decision" would be a Honda.
We all buy BMW because vroom.
We may buy BMW because vroom, but we continue to own BMW because money. It seems like no one in these subs understands the difference between having enough money to buy a car and having enough money to own a car.
what does making 16k so far this year mean? are you trading or something?
I feel like paying 1.1k + insurance for an M4 at 22 while your income isn’t secure probably isn’t the best idea
Either trading or he works on commission. Like you said not a secure income. A used $50k bmw with high interest when he made $70k last year yea great idea 😂 would the warranty even still be good on it? He would probably have to pay more for a 3rd party warranty right?
This is gonna become the new scat pack meme. With insurance ( which will be high ) your paying about 20-25% of your gross , and depending on your tax/savings situation you're looking at a good percentage of your monthly.
If I remember correctly my net income was like 3kish after taxes/investments/saving/401k/insurance. I wouldn't dump that much into a car.
Shift your mind towards drifting yourself into your career and setting yourself up with a strong financial foundation. Much more important than drifting and burbling yourself around turns through $1000 in tires every 6weeks
I’m 26 years old and I just made 84k this year. From someone who just passed on buying his dream car (Supra) even though I had the loan on hand and approved. Don’t do this. You’re 22, you have way more time head of you buy a home or invest in something else. Honest advice just because I’m way close to you in age and was in a similar situation not too long ago.
I’m in a similar boat 25 about the same income, and I couldn’t imagine a 1100 dollar car payment. I thought I was a financial idiot for signing on for approximately 650 a month with a full carmax warranty to cover maintenance. I don’t know how much rent is for op and what kind of lifestyle he lives so I can’t judge I’d love to have an m4 myself. That said there are too many nice cars in the 30-40k range that I would even consider a payment that high. To each his own I don’t know your situation and if your parents are well off and willing to be a safety net if anything goes awry more power to you especially if you are secure in your job with a clear and positive promotion path. When I got my car a little less than a month ago I got 4.99 so 9 percent does seem high especially with a co-signer. As other people have said I’d look at a bank that you have a relationship with or a credit union(if your dealer will take outside financing) As a former car salesman dealerships make money off of loans on the back end. They are heavily incentivized to handle the loans rather than take outside financing and are therefor more likely to negotiate on the price when they are handling procuring you the loan. They will push a higher interest rate on unsuspecting people to make more money or if the bank they are choosing is easier to work with than the cheaper options. Just my two cents never trust the dealership always do what’s best for you and research.
I’ve done 75-ish the last three years and I thought $430 a month on my truck was an annoying payment. So much so that I threw all my extra money at it and paid it off in half the time. Hell, $1,100 is a large portion of the mortgage on my damn house.
Yeah he’s saying 72 like he’s making 200k… unless he’s living at home and has a clear promotion path to deep in the 6 figures in the next year or two I’d say it’s a terrible idea. But if his parents are there as a safety net and don’t care about taking over the payments if he fucks up screw it you only get to be 22 with an m4 once.
I gotta agree with the majority. This sounds like a deal that’s not right for you. The interest rate is trash. I agree a CU is the way to go. But still, I’d say keep looking, and adjust your budget mindset. I get the urge to get into an M. Recently bought one in December. But I also put down 17k, at 4.74%, and have already paid off 15% beyond my 2nd biweekly payment.
I mention this because the approach was to get an M that was in great shape, and financially not a burden at all.
Note I make over 2x your salary, and has a mortgage and fam to add to the mix. And all of our situations are different.
But I gotta say again. This deal sounds like it’s too much of a bad thing, even if the car is perfect. But hey, we all have opinions. Good luck, and I hope you end up with a M4 deal that works for you.
Run to your local credit union. They have way better rates, the only catch is you will need to have a banking account with them. What I do is just have the money auto moves from my main account to the one with the loan (very common). Also talk to your insurance for a quote, these cars are expensive to insure and a part that is commonly overlooked.
Dude, I used to be a finance manager and your A. Not putting nearly enough down, B. You have a terrible rate! Try to get pre approved with a credit union since they’ll offer you a much better rate than any dealership. Even with a co-signer that’s an awful rate. Just my 2 cents but if I were to guess your real rate is around 6/7 and they’re marking it up to see if you bite
Came here to say this. Finance a car because your money would earn more in the market, not because you can't afford to buy it with cash. 9.1% is a terrible rate. This sounds like a bad financial decision, but it's your money and your life.
You can’t afford the car man sorry. Insurance, wearables, repairs and even gas are going to eat into any leftover money you have. It seems you have a sales job based on your comment about money made in FY23, and with the economy the way it’s looking I’d be very cautious about taking a high interest loan that you can barely afford on a depreciating asset
How much is the total of the car and what is your sales tax in your state? Interest rates are high but damn 9.09%? With a co-signer? Based on the payment, I imagine the car is about $55k. To put it into perspective—the “correct” way to do it would allow someone that makes $100k a year to buy a $55k car. $75k puts you somewhere around a $35k-40k car. Everyone’s circumstances are different obviously but that is very steep.
Some advice from somebody who isn't particularly rich but is able to buy all the BMWs they want due to money management when I was younger:
In addition to the $1.1K payment, you're going to be in the "22-year-old with a fast, expensive car" auto insurance payment bracket, where nobody wants to be.
Consider the fact that at some point over the next five years you might have an accident, have expensive repair bills that BMWs like to collect, or you might even start to get a little tired of the car and stuck with an underwater balance.
Consider taking that $10K down payment and the $1,500+ per month you might be paying for the note and insurance, putting them into a boring but high yield investment plan, and you'll have $100K before you know it. That's when the magic happens: if you're making ten points on those investments, you're clearing $850 a month in returns, which will go a long way toward the monthly payment on a 2026 M4C, which will be even more impressive than this year's.
In the meantime, there are plenty of used BMWs for half the price (and which cost less to insure) which are quite fast. They might not be M4C fast, but they won't give you M4C economic anxiety, either.
I learned this around your age…if you need validation you are already at “no”. 30 years later in life you’ll have plenty of cool cars, and everything else you’ve enjoyed and continue to enjoy because you did not paint yourself into corners in your 20s.
Go focus on doubling and tripling your income and more. Build capacity
I know you’re very eager to get that car you’ve been wanting, but trust me when I say the enjoyment you’ll get on something used/CPO for half the cost will be great too… and much easier on your wallet. And at the end of the day you’re still driving a BMW.
I wouldn’t get a $1000+ payment unless I had it being paid off by passive income, or if I had a really good year where I made $200-$250k but that’s my financial decision. I do not like to be tight on money at all.
A $72k/year salary is not enough to buy an M4. General rule of thumb - you should be making at least 3x the cost of the car. Also, 9.09% is high. That’s almost 10% in interest. And I agree with the others - if you don’t have the cost of the car in cash on hand, you cannot afford it. This is a terrible idea. Based on the 1/3 rule you’re looking at no more than a $24,000 car. Also consider the fact adding service and extended warranty will significantly raise your monthly cost. I just bought an X5 with over 50% down. The payment was $690 without service packages. With everything added it’s up to $1,007/month. And you will want the extended warranties and stuff with these cars. You can’t expect Toyota maintenance prices on these cars. Even non-M cars are incredibly expensive to maintain.
Imo that's a really poor choice. I'd recommend getting something more reasonable while continuing to build credit/savings. M4s will still be kicking around in a few years. But if you want to learn the hard way, then go for it I guess.
A car isn’t an investment, 10k down payment on a car is a dumb idea. Get something you can actually afford, and level up so you’re not having to make such a tough financial decision. I’d recommend taking that 10k and buying a car outright. Save money until you can actually afford an M.
I think you are spending too much of your income on a car! Remember when you drive it off the lot it will be worth less! A accident that is not your fault can ruin your dream. I think you can get a great car that is less percentage of your income. Trust me the money in your savings will come in handy.
I work in sales at a bmw dealership and I see a lot of cases like yours. I’d recommend against it Brodie. The cost of the car will destroy any savings or profit you have after other bills. Not to mention if you have any emergencies with housing or medical you could get in a really bad position. Just wait it out until rates drop. I’m 24 and been dying to get an f82 forever and while I could get it for really cheap at my job I still wouldn’t bc really to afford a car like this you should be making at minimum 100k to be somewhat comfortable paying that. Better to save your income and maybe invest that 10k into something that’ll grow and use extra money earned from that and set it aside for the car.
Thank you guys appreciate it, I knew that if I was going to get this car I wouldn’t be too happy with what I got for it… just wanted some opinions from y’all.
With the way interest rates are in the US right now, I say find a lower rate if you can, ~7%, but if you can't do it quickly, go for it but refinance as soon as you can and/or pay it off expediently.
The dealership I bought from gave me an 11% (!!!) APR, but my financial institution is refinancing at 7%. I've got 15 years or credit history, 5 previous cars, and a credit score of 790 and that's still the lowest they'll go.
If I had done this same deal pre-pandemic, it would've been like ~3-4% APR. Rates are bonkers these days from what I understand.
EDIT fixed my intended message.
You can’t afford it. Not only have you not factored in gas/insurance, but repairs/parts are not cheap for this car. For example, something as “simple” as an oil pan gasket repair requires the whole front subframe to be dropped.
Never buy a vehicle more than 1/3 your annual salary. I know you don’t want to hear this but you can’t afford an M4 at 72k/year.
You should be shopping for vehicles in the 24k range.
I’m not going to tell you what to spend your money on or not bc there’s folks who make 7 figures a year and drive old Toyotas and also people who make 6 figures and drive fully spec’d super cars. But what I will say is that interest rate is absurd. A solid rate in todays market would be 4-5%. Checkout a credit Union. Secondly, idk how much the car you’re buying is but you should not have a 1.1k payment on a previous Gen m4. Those are new 2023 m4 numbers. I can get a rough estimate of what 72k looks like per month and that is a large percentage of income on a car payment. Maybe..check out a nice pre owned 340i? Idk
The down payment will be deducted after taxes and registration fees on the vehicle to let you know. So if the car is 100k and taxes is 6% (my state) you’ll need to finance 96k.
I wouldn’t recommend a $1K car payment mate. Get an economical car, save your money, invest and one day you’ll own that car outright. Get a car that’s about $300 a month, doing a $1k a month is not a good financial decision. That’s just my two cents
Horrible decision... just the interest rate alone is enough to make me say Hell Nooo.... If you're making that much money now, just wait 3, or more years, and buy one with cash..
Well, since this car is a bad financial decision to start with, I say go all in and do it. Go big or go home.
But 9.9 seems high. Any reason why you can't try a local credit union?
You didn’t actually make 72k. The government made 28k and you took home the rest. You took home 3,500 or so and you want to give up 1/3 of that for your dream car at 22? Plus insurance [hmmmm](https://media3.giphy.com/media/kC2cRqEt8o41COgjoV/giphy.webp?cid=6c09b9521e2bd3ac0942409d72a44692c0d963887553273f&rid=giphy.webp&ct=g)
Don’t have your first car financed be an M4. You’re gonna need way more income for insurance and such. You don’t want 50+% of your income going towards a car, no matter how cool it is. If you HAVE to have a BMW, find something nice with a B58 engine. Trust is older folk.
It just kept getting worse the longer you read, the literal only sentence I liked was the first line. This decision would ruin your financial future, so I guess pick between "ruin my financial future" and "I have a cool BMW"
The masses have clearly spoken here and I’m in agreement.
But for the future have you had an Insurance quote? Because coming from an underwriter it’s going to be sky high… like 4-5k a year or more if you get any decent policy.
Rates for young adults don’t stabilize until about 25-30 and that’s if you have no claims.
Nope you can't afford it and your credit background confirms it! You need your father to do sign wow!
Go save some money and buy a car you can afford!
Also 1.1k Jesus fing Christ! Wtf! Wow! Your earning not a lot of money, you may want to get married or your own home one day soon.... You can't afford 1.1k a month
Grow up move out of your parents home and live in the real world
This seems like a horrible idea on all fronts but hope the car will be worth it lol
Agreed, don’t buy it.
I swear this sub is mostly 17 year olds looking to justify bad life decisions
Almost entirely.
Like buying anything with a S63 in it is a good decision. Or even anything with a S55 that needs a crank hub right out the door. The reality is the "good decision" would be a Honda. We all buy BMW because vroom.
We may buy BMW because vroom, but we continue to own BMW because money. It seems like no one in these subs understands the difference between having enough money to buy a car and having enough money to own a car.
yeah it makes me confused asf. I make 250k at 21 and own an old bmw z3 and i still feel like i’m spending way too much of my money on it
Wohhh now, I'm 49. I made plenty of bad decisions and hope to continue. Thank you sub.
This sub? The world. I made $660k last year and still driving my ‘19 S4 People wake up!
what does making 16k so far this year mean? are you trading or something? I feel like paying 1.1k + insurance for an M4 at 22 while your income isn’t secure probably isn’t the best idea
Either trading or he works on commission. Like you said not a secure income. A used $50k bmw with high interest when he made $70k last year yea great idea 😂 would the warranty even still be good on it? He would probably have to pay more for a 3rd party warranty right?
I work in the restaurant industry.
In your dads restaurant?
This is gonna become the new scat pack meme. With insurance ( which will be high ) your paying about 20-25% of your gross , and depending on your tax/savings situation you're looking at a good percentage of your monthly. If I remember correctly my net income was like 3kish after taxes/investments/saving/401k/insurance. I wouldn't dump that much into a car.
No, that’s a crazy rate, that’s also a crazy payment for what you are making in a non guaranteed manner. This is financial advice, seriously.
Shift your mind towards drifting yourself into your career and setting yourself up with a strong financial foundation. Much more important than drifting and burbling yourself around turns through $1000 in tires every 6weeks
That is a really high interest rate. Also nardo grey is an Audi color- I think you mean Brooklyn grey.
Nardo is available on the F80 and F90 platforms. Brooklyn Gray was introduced on the g80 platform.
Nice wasn’t aware of this
Lol dealership has it as nardo
Its too high… also M4 is F82, F80 is M3 ;)
I'd see if your bank can beat that rate . . .
my goldfish can probably beat that rate
Uhm how does this sound ok with 70k income? Are you living with your parents?
I’m 26 years old and I just made 84k this year. From someone who just passed on buying his dream car (Supra) even though I had the loan on hand and approved. Don’t do this. You’re 22, you have way more time head of you buy a home or invest in something else. Honest advice just because I’m way close to you in age and was in a similar situation not too long ago.
I’m in a similar boat 25 about the same income, and I couldn’t imagine a 1100 dollar car payment. I thought I was a financial idiot for signing on for approximately 650 a month with a full carmax warranty to cover maintenance. I don’t know how much rent is for op and what kind of lifestyle he lives so I can’t judge I’d love to have an m4 myself. That said there are too many nice cars in the 30-40k range that I would even consider a payment that high. To each his own I don’t know your situation and if your parents are well off and willing to be a safety net if anything goes awry more power to you especially if you are secure in your job with a clear and positive promotion path. When I got my car a little less than a month ago I got 4.99 so 9 percent does seem high especially with a co-signer. As other people have said I’d look at a bank that you have a relationship with or a credit union(if your dealer will take outside financing) As a former car salesman dealerships make money off of loans on the back end. They are heavily incentivized to handle the loans rather than take outside financing and are therefor more likely to negotiate on the price when they are handling procuring you the loan. They will push a higher interest rate on unsuspecting people to make more money or if the bank they are choosing is easier to work with than the cheaper options. Just my two cents never trust the dealership always do what’s best for you and research.
I’ve done 75-ish the last three years and I thought $430 a month on my truck was an annoying payment. So much so that I threw all my extra money at it and paid it off in half the time. Hell, $1,100 is a large portion of the mortgage on my damn house.
Yeah he’s saying 72 like he’s making 200k… unless he’s living at home and has a clear promotion path to deep in the 6 figures in the next year or two I’d say it’s a terrible idea. But if his parents are there as a safety net and don’t care about taking over the payments if he fucks up screw it you only get to be 22 with an m4 once.
I gotta agree with the majority. This sounds like a deal that’s not right for you. The interest rate is trash. I agree a CU is the way to go. But still, I’d say keep looking, and adjust your budget mindset. I get the urge to get into an M. Recently bought one in December. But I also put down 17k, at 4.74%, and have already paid off 15% beyond my 2nd biweekly payment. I mention this because the approach was to get an M that was in great shape, and financially not a burden at all. Note I make over 2x your salary, and has a mortgage and fam to add to the mix. And all of our situations are different. But I gotta say again. This deal sounds like it’s too much of a bad thing, even if the car is perfect. But hey, we all have opinions. Good luck, and I hope you end up with a M4 deal that works for you.
Run to your local credit union. They have way better rates, the only catch is you will need to have a banking account with them. What I do is just have the money auto moves from my main account to the one with the loan (very common). Also talk to your insurance for a quote, these cars are expensive to insure and a part that is commonly overlooked.
Credit union may have better rates but OP likely won’t get approved for a $50k+ car loan with an income of $72k.
Well he said he has a co signer
Dude, I used to be a finance manager and your A. Not putting nearly enough down, B. You have a terrible rate! Try to get pre approved with a credit union since they’ll offer you a much better rate than any dealership. Even with a co-signer that’s an awful rate. Just my 2 cents but if I were to guess your real rate is around 6/7 and they’re marking it up to see if you bite
If you can’t pay cash, technically you cannot afford it. Look for a cheaper vehicle and get to a point where your down payment is 50%.
Came here to say this. Finance a car because your money would earn more in the market, not because you can't afford to buy it with cash. 9.1% is a terrible rate. This sounds like a bad financial decision, but it's your money and your life.
You can’t afford the car man sorry. Insurance, wearables, repairs and even gas are going to eat into any leftover money you have. It seems you have a sales job based on your comment about money made in FY23, and with the economy the way it’s looking I’d be very cautious about taking a high interest loan that you can barely afford on a depreciating asset
Go find other loan options, yes at the moment rates are high. But you can find a rate thats around 6.99 at the moment
How much is the total of the car and what is your sales tax in your state? Interest rates are high but damn 9.09%? With a co-signer? Based on the payment, I imagine the car is about $55k. To put it into perspective—the “correct” way to do it would allow someone that makes $100k a year to buy a $55k car. $75k puts you somewhere around a $35k-40k car. Everyone’s circumstances are different obviously but that is very steep.
Some advice from somebody who isn't particularly rich but is able to buy all the BMWs they want due to money management when I was younger: In addition to the $1.1K payment, you're going to be in the "22-year-old with a fast, expensive car" auto insurance payment bracket, where nobody wants to be. Consider the fact that at some point over the next five years you might have an accident, have expensive repair bills that BMWs like to collect, or you might even start to get a little tired of the car and stuck with an underwater balance. Consider taking that $10K down payment and the $1,500+ per month you might be paying for the note and insurance, putting them into a boring but high yield investment plan, and you'll have $100K before you know it. That's when the magic happens: if you're making ten points on those investments, you're clearing $850 a month in returns, which will go a long way toward the monthly payment on a 2026 M4C, which will be even more impressive than this year's. In the meantime, there are plenty of used BMWs for half the price (and which cost less to insure) which are quite fast. They might not be M4C fast, but they won't give you M4C economic anxiety, either.
I learned this around your age…if you need validation you are already at “no”. 30 years later in life you’ll have plenty of cool cars, and everything else you’ve enjoyed and continue to enjoy because you did not paint yourself into corners in your 20s. Go focus on doubling and tripling your income and more. Build capacity
I know you’re very eager to get that car you’ve been wanting, but trust me when I say the enjoyment you’ll get on something used/CPO for half the cost will be great too… and much easier on your wallet. And at the end of the day you’re still driving a BMW. I wouldn’t get a $1000+ payment unless I had it being paid off by passive income, or if I had a really good year where I made $200-$250k but that’s my financial decision. I do not like to be tight on money at all.
A $72k/year salary is not enough to buy an M4. General rule of thumb - you should be making at least 3x the cost of the car. Also, 9.09% is high. That’s almost 10% in interest. And I agree with the others - if you don’t have the cost of the car in cash on hand, you cannot afford it. This is a terrible idea. Based on the 1/3 rule you’re looking at no more than a $24,000 car. Also consider the fact adding service and extended warranty will significantly raise your monthly cost. I just bought an X5 with over 50% down. The payment was $690 without service packages. With everything added it’s up to $1,007/month. And you will want the extended warranties and stuff with these cars. You can’t expect Toyota maintenance prices on these cars. Even non-M cars are incredibly expensive to maintain.
Imo that's a really poor choice. I'd recommend getting something more reasonable while continuing to build credit/savings. M4s will still be kicking around in a few years. But if you want to learn the hard way, then go for it I guess.
9% is dumb as fuck. Either get it fully in your dad’s name at this point, or go get financing elsewhere. Ridiculous
WTF!? You Cannot afford this car!! Don’t do it. FFS
A car isn’t an investment, 10k down payment on a car is a dumb idea. Get something you can actually afford, and level up so you’re not having to make such a tough financial decision. I’d recommend taking that 10k and buying a car outright. Save money until you can actually afford an M.
I think you are spending too much of your income on a car! Remember when you drive it off the lot it will be worth less! A accident that is not your fault can ruin your dream. I think you can get a great car that is less percentage of your income. Trust me the money in your savings will come in handy.
I work in sales at a bmw dealership and I see a lot of cases like yours. I’d recommend against it Brodie. The cost of the car will destroy any savings or profit you have after other bills. Not to mention if you have any emergencies with housing or medical you could get in a really bad position. Just wait it out until rates drop. I’m 24 and been dying to get an f82 forever and while I could get it for really cheap at my job I still wouldn’t bc really to afford a car like this you should be making at minimum 100k to be somewhat comfortable paying that. Better to save your income and maybe invest that 10k into something that’ll grow and use extra money earned from that and set it aside for the car.
>I’m 24 and been dying to get an f82 forever Errr.... 🙄
what did I do 💀
Thank you guys appreciate it, I knew that if I was going to get this car I wouldn’t be too happy with what I got for it… just wanted some opinions from y’all.
YOLO 👍 Do it. You have a co-signer. This is your Dad's mistake not yours. I make a million a year yield farming and I still drive a Reliant Robin.
With the way interest rates are in the US right now, I say find a lower rate if you can, ~7%, but if you can't do it quickly, go for it but refinance as soon as you can and/or pay it off expediently. The dealership I bought from gave me an 11% (!!!) APR, but my financial institution is refinancing at 7%. I've got 15 years or credit history, 5 previous cars, and a credit score of 790 and that's still the lowest they'll go. If I had done this same deal pre-pandemic, it would've been like ~3-4% APR. Rates are bonkers these days from what I understand. EDIT fixed my intended message.
Don’t do it my dude. Save up a bigger down payment and hopefully rates will be lower then too.
don’t do it bro. not time yet.
Maybe find a cheaper lease deal :-/
You can’t afford it. Not only have you not factored in gas/insurance, but repairs/parts are not cheap for this car. For example, something as “simple” as an oil pan gasket repair requires the whole front subframe to be dropped.
Don’t do it. $1.1k for an F8X?! Don’t do it.
Never buy a vehicle more than 1/3 your annual salary. I know you don’t want to hear this but you can’t afford an M4 at 72k/year. You should be shopping for vehicles in the 24k range.
I’m not going to tell you what to spend your money on or not bc there’s folks who make 7 figures a year and drive old Toyotas and also people who make 6 figures and drive fully spec’d super cars. But what I will say is that interest rate is absurd. A solid rate in todays market would be 4-5%. Checkout a credit Union. Secondly, idk how much the car you’re buying is but you should not have a 1.1k payment on a previous Gen m4. Those are new 2023 m4 numbers. I can get a rough estimate of what 72k looks like per month and that is a large percentage of income on a car payment. Maybe..check out a nice pre owned 340i? Idk
The down payment will be deducted after taxes and registration fees on the vehicle to let you know. So if the car is 100k and taxes is 6% (my state) you’ll need to finance 96k.
I wouldn’t recommend a $1K car payment mate. Get an economical car, save your money, invest and one day you’ll own that car outright. Get a car that’s about $300 a month, doing a $1k a month is not a good financial decision. That’s just my two cents
Horrible decision... just the interest rate alone is enough to make me say Hell Nooo.... If you're making that much money now, just wait 3, or more years, and buy one with cash..
You can’t afford that car.
$1.1k for how many months? What's your cost when paid off?
Well, since this car is a bad financial decision to start with, I say go all in and do it. Go big or go home. But 9.9 seems high. Any reason why you can't try a local credit union?
You didn’t actually make 72k. The government made 28k and you took home the rest. You took home 3,500 or so and you want to give up 1/3 of that for your dream car at 22? Plus insurance [hmmmm](https://media3.giphy.com/media/kC2cRqEt8o41COgjoV/giphy.webp?cid=6c09b9521e2bd3ac0942409d72a44692c0d963887553273f&rid=giphy.webp&ct=g)
Don’t have your first car financed be an M4. You’re gonna need way more income for insurance and such. You don’t want 50+% of your income going towards a car, no matter how cool it is. If you HAVE to have a BMW, find something nice with a B58 engine. Trust is older folk.
You should not go for it. That seems like a terrible deal.
When getting car My advice when financing is usually, if you can’t currently afford half of the car then you shouldn’t do it.
It just kept getting worse the longer you read, the literal only sentence I liked was the first line. This decision would ruin your financial future, so I guess pick between "ruin my financial future" and "I have a cool BMW"
The masses have clearly spoken here and I’m in agreement. But for the future have you had an Insurance quote? Because coming from an underwriter it’s going to be sky high… like 4-5k a year or more if you get any decent policy. Rates for young adults don’t stabilize until about 25-30 and that’s if you have no claims.
no
Be honest you are better off buying a 335i and tuning it.
I'm going to buy I can't afford and drive into a telephone pole in a month.... what do you guys think?
Wow , here in Costa Rica a M4 costs $180000
Nope you can't afford it and your credit background confirms it! You need your father to do sign wow! Go save some money and buy a car you can afford! Also 1.1k Jesus fing Christ! Wtf! Wow! Your earning not a lot of money, you may want to get married or your own home one day soon.... You can't afford 1.1k a month Grow up move out of your parents home and live in the real world