BMW 1 Series Coupe Forum / 1 Series Convertible Forum (1M / tii / 135i / 128i / Coupe / Cabrio / Hatchback) (BMW E82 E88 128i 130i 135i)
 





 

View Poll Results: What is your Down Payment Plans
$1 - 3k 9 14.29%
$4-6K 13 20.63%
$7-10k 13 20.63%
$10-15k 10 15.87%
Over $15K 18 28.57%
Voters: 63. You may not vote on this poll

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      11-15-2007, 02:14 AM   #1
imported_Captain Chaos
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At $35,600... What is your Planned Down Payment

Since we know now the car will start at 35,600, and Lets Say you bump it to $40k with Options.

What do you plan to put down on the car?
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      11-15-2007, 02:37 AM   #2
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What exactly is the point of this execrcise?
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      11-15-2007, 02:41 AM   #3
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east side of balad must be really nice...sucks over here on west side.
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      11-15-2007, 03:19 AM   #4
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I will be paying the full amount. No loan for me.
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      11-15-2007, 03:32 AM   #5
Robert
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Depends on the FEDs and the interest rate. If they lower again and I can get a good loan then I would rather have my money in the market
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      11-15-2007, 07:58 AM   #6
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Selling the Si and its paid for so at least $20K and hopefully more with the tax return added. Now it just needs to get here.
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      11-15-2007, 08:21 AM   #7
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Can't dig too deep into the savings .. so I'd say 5 - 6 k
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      11-15-2007, 09:35 AM   #8
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lease- 2,500 total out of pocket

finance- 8,000-9,000/ 60 months
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      11-15-2007, 09:42 AM   #9
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Quote:
Originally Posted by ExhaustNote View Post
I will be paying the full amount. No loan for me.
You must be a financial success.
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      11-15-2007, 11:16 AM   #10
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i'm not getting any options so after delivery it should be about $36,400 w/out tax. i'll put $10k down after i sell the S2000 in march, and keep the remaining couple of grand for some H&R sport springs and 19's.

-Chris
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      11-15-2007, 11:59 AM   #11
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Quote:
Originally Posted by Vornado View Post
You must be a financial success.
Well then count me there, too. The poll should have been, will you get a loan or not? For me, it's absolutely "not."

Not to offend, but paying interest on depreciating property, especially a luxury ride, is simply not wise -- unless it somehow affects the income flow. But then, is the 1series ever a "hire me" kind of car?
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      11-15-2007, 12:07 PM   #12
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Quote:
Originally Posted by gimme135 View Post
Well then count me there, too. The poll should have been, will you get a loan or not? For me, it's absolutely "not."

Not to offend, but paying interest on depreciating property, especially a luxury ride, is simply not wise -- unless it somehow affects the income flow. But then, is the 1series ever a "hire me" kind of car?
Depends on the interest rate, if you can earn higher invested in something else, the loan will end up costing you less...
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      11-15-2007, 12:10 PM   #13
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I'll have my car for trade in which would be 25K, then I plan on paying off the rest with saved money at the same time...I don't like oweing money.
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      11-15-2007, 12:28 PM   #14
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Quote:
Originally Posted by Vornado View Post
You must be a financial success.
Not for long if you pay cash for a car.

A financial success would be leasing or buying via loan, keeping the cash, investing the money and making at least 5% over the lease/loan rate.
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      11-15-2007, 01:02 PM   #15
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Quote:
Originally Posted by stelthy View Post
Depends on the interest rate, if you can earn higher invested in something else, the loan will end up costing you less...
In (simplistic) theory, sure, but even if processing costs for both loan and investment are factored in, investment returns are hardly above interest rates -- unless you're talking about something high-risk, which is again unwise due to double jeopardy. :eyebulge:

vs.
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      11-15-2007, 01:06 PM   #16
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My rate on my car loan is 2.9% @ 62 months (a very good rate), an easy to find no fee money market (low risk) at 4.25 will be a better investment than paying for the car.

It doesn't get more simple than that.

Not all car loans are that low, but it is still something to consider...
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      11-15-2007, 01:17 PM   #17
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Quote:
Originally Posted by gimme135 View Post
In (simplistic) theory, sure, but even if processing costs for both loan and investment are factored in, investment returns are hardly above interest rates -- unless you're talking about something high-risk, which is again unwise due to double jeopardy.
Historic stock market returns = 11%.
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      11-15-2007, 01:20 PM   #18
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Quote:
Originally Posted by stelthy View Post
My rate on my car loan is 2.9% @ 62 months (a very good rate), an easy to find no fee money market (low risk) at 4.25 will be a better investment than paying for the car.

It doesn't get more simple than that.

Not all car loans are that low, but it is still something to consider...
Countrywide offers 5.4% on online savings deposits, FDIC insured...

Keep your eye on Bankrate.com for where to put excess cash or your cushion.
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      11-15-2007, 02:40 PM   #19
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Minimum required by the lease
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      11-15-2007, 02:46 PM   #20
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I dont owe a cent on my '04 Jetta... so whatever I can get for it is my down payment :smile:
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      11-15-2007, 02:50 PM   #21
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Quote:
Originally Posted by cuban135i View Post
Minimum required by the lease
Smart. VERY, VERY SMART!
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      11-15-2007, 04:37 PM   #22
imported_Captain Chaos
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Quote:
Originally Posted by argocarina View Post
east side of balad must be really nice...sucks over here on west side.

What are you talking about you have Popeye's, your Pizza Hut is better than on the east side, and the BX is alot better.

It's nice that we got a gym and Rec center right here in our little "Housing Area" but shit working 72 hours a week im lucky to make it to the gym 4 days a week.
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