Unfortunately it's time to say goodbye
#31
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Thread Starter
sorry I should clarify, only debt is the house but the mortgage isn't bad. I thought about the s4 and they are about the same price as the m3 or within a couple of thousand dollars. However, it appears those cars have a fire risk lol. The biggest appeal of the M3 is that it will likely depreciate at a very slow rate and potentially even start to rise as it's the last NA hydraulic steering M car. Plus I can drive it for 5-6 years and 125k miles with a warranty. And It's one of the few cars that I'd be totally happy with leaving stock or doing very small things like intake and an x-pipe.
#33
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My advice: get something half the cost as a hobby car. Live with it for a while until you get back on your feet. Do your research and planning, then dive in when the income picks back up.
Grille? LOL
#35
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Because looking at that picture, the grille on the car is a pile of goo.
#36
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Thread Starter
#38
Registered User
Thread Starter
Yeah, but then what do you do? If you're not modding the car, then it's no longer a hobby. Of course you're going to enjoy driving it (because M3). And you'll certainly enjoy detailing the car on a warm Sunday afternoon. But there's no planning, no schedule, and nothing to look forward to except the inevitable repair job... which thank god will be under warranty.
My advice: get something half the cost as a hobby car. Live with it for a while until you get back on your feet. Do your research and planning, then dive in when the income picks back up.
Grille? LOL
My advice: get something half the cost as a hobby car. Live with it for a while until you get back on your feet. Do your research and planning, then dive in when the income picks back up.
Grille? LOL
I am kind of at that stage where I am starting to just appreciate cars as they come from the factory. Even with my G I spent a ton of money on OEM parts besides suspension and if they had some sort of IPL line for suspension I would have chosen that over aftermarket.
That and I found out yesterday insurance doesn't cover these items so I am out of luck on getting any money back.
Just as a breakdown, I spent 25k on the car, 6,200 in modifications, and my modifications did result in approximately 1,000 or so in labor charges. Realistically had I parted the car out and traded it in I would have gotten a total of about 14k with the car based on trade in value and price of used mods. While I enjoyed it, a stock used M3 with less than 60k will run me around 28-31k, minus the 20k or so I will put down on it. The car has absorbed majority of its deprecation and has started to level off. So likely I could drive this car all while being covered under warranty for the next 5 to 6 years and still be able to sell the car at a decent price of likely 18-20k as its desirable.
Last edited by AUR11; 03-28-2017 at 10:06 AM.
#39
Registered Member
Just playing devil's advocate, you're pretty well determined, so wish you luck man
#40
Registered User
Thread Starter
Well not if it's around the same year & mileage...
S4 would be about a year newer but surprisingly they are not too far from each other.
Think appreciation is very unlikely unless its a low-mileage example with unique features/specs.
Skeptical that a full-coverage, factory exteneded warranty will be so cheap, but never really researched it. Not to mention the rigorous maintenance schedule on those things and just the longevity of high-perf Euro cars in general. You seem overconfident to me (or distracted by how much you want an M3).
Just playing devil's advocate, you're pretty well determined, so wish you luck man
S4 would be about a year newer but surprisingly they are not too far from each other.
Think appreciation is very unlikely unless its a low-mileage example with unique features/specs.
Skeptical that a full-coverage, factory exteneded warranty will be so cheap, but never really researched it. Not to mention the rigorous maintenance schedule on those things and just the longevity of high-perf Euro cars in general. You seem overconfident to me (or distracted by how much you want an M3).
Just playing devil's advocate, you're pretty well determined, so wish you luck man
As far as the carmax warranty. It really is a great deal on any of these types of cars, the price can go to around 4k if you choose to have a zero deductible, but if you opt for a higher deductible of 200 it makes the cost a lot less. It basically covers everything including audio and nav issues and all aspects of drivetrain including any leaks. They also just send the car to a BMW dealer to have the work performed and you pay the deductible per visit so if you have multiple issues that aren't pressing, you could save it all for one trip. We have it on her BMW and in the 70k miles she has put on her car, we've had to use it for 4 things and each time they were handled the same day with no hassle and cost $50 for the deductible, they even went as far as replacing burnt out bulbs during the visits under warranty.
Cars are certainly a gamble. I used to think anything Japanese would be trouble free, but after seeing family members and friends drive German or American vehicles to very high miles with little or no issues. I've determined that all of them are fairly equal in how long they can last, it all comes down to how well they are maintained. There is of course some vehicles that just have issues and are expected to have major failures and nothing can be done, just have to avoid them or make sure they are under warranty. Perfect example would be anything CVT made by Nissan, it's not if but when the transmission is going to fail, yet you see those vehicles everywhere.
Last edited by AUR11; 03-28-2017 at 06:12 PM.
#41
Registered User
Thread Starter
So test drove an SMG M3, honestly the car lacks a lot of low end power, but the SMG is cool. Carmax warranty prices have gone up quite a bit on the German cars. However, they will sell me a higher mileage Lexus ISF and warranty it up to 150k for an extremely reasonable price. We have decided to find an 08 with 65-85k miles. I could be very happy with the car for a long time and have the Lexus quality and reliability that I enjoyed in my previous IS300.
#44
Sorry for the "G" lost and glad that no one was hurt. Congrats on your up coming marriage and H'Bday. If you decide to part it out I would be interested in the Rear Deck Lid where it's the same color as my G. I trust that all turns out in your favor.
#45
Registered User
Thread Starter
Thought I'd provide an update. I am for now just driving the Mustang and kind of enjoying having a convertible. I received two job offers this week and have three more companies that have moved me to the final round next week. All in all I am looking at 40% increase in salary!! Still cannot decide what vehicle to buy. ISF's are extremely hard to come by and the thought of getting an older car and spending over 30k doesn't seem as appealing anymore.
As of right now we are leaning towards purchasing a new 17 4runner TRD Off Road. The main reason for this is that it would be great to have something we can tow the jet ski's and boat with and not have to depend on her brother's truck and also it would be something we can still use as a long term vehicle based on reliability and resale and that it works great for a family. My G would never make it down to the dock, so I like the thought of something that can go "anywhere" if needed. I do love 4runner's and have always wanted to have one and of all the things we have looked at, it makes the most sense at my current stage in life.
As of right now we are leaning towards purchasing a new 17 4runner TRD Off Road. The main reason for this is that it would be great to have something we can tow the jet ski's and boat with and not have to depend on her brother's truck and also it would be something we can still use as a long term vehicle based on reliability and resale and that it works great for a family. My G would never make it down to the dock, so I like the thought of something that can go "anywhere" if needed. I do love 4runner's and have always wanted to have one and of all the things we have looked at, it makes the most sense at my current stage in life.