My future purchase, need help
#11
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Originally Posted by bha7176' post='1066432' date='Dec 2 2009, 02:34 PM
Dude you have no idea what happened to this guy. I would hold judgment. You're young and have lots to learn my friend. We were all there, so not busting your balls, I'm just sayin'.
Later
Later
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everyone's situation is different....you're only 20 and probably don't have major financial responsibilities...and in case you didn't know most cars are not an investment. Anyway, good luck in your purchase.
#12
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My Ride: 2006 525XI, Jet black on Dakota beige. Premium and winter packages. I consider myself a purist and intend to keep my car absolutely stock and shiny.
2008 328I Convertible, Sapphire black on beige interior. Premium package, NAV, iPod adapter.
Retired: 2002 325I, Titanium silver on black leather. Premium package. Absolutely stock and proud of it.
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Originally Posted by bha7176' post='1066432' date='Dec 2 2009, 01:34 PM
Dude you have no idea what happened to this guy. I would hold judgment. You're young and have lots to learn my friend. We were all there, so not busting your balls, I'm just sayin'.
Later
Later
#13
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Originally Posted by TakmaN' post='1066426' date='Dec 2 2009, 02:21 PM
That would be an awesome deal if you can get it for that price. It's hard to believe that 545's and 550's MSRP'ed for over $50,000-$60,000 brand new and now they are worth about 1/3 of that price a mere few years later.
I also wouldn't call him out on being upside-down on his loan. You have to remember that some people finance all or almost all of their auto purchase and with the sharp decline in economic conditions in the past 2 years, car values (as well as everything else on the market) have dropped significantly in such a short amount of time. If you were able to get a great rate on an auto loan, then putting a significant down payment might not be the best longer-term option based on the time value of money.
Also, if he purchased a similar car in today's market, he would probably have saved that $5k. Cars depreciate and when the market depreciates its value even faster = easily owe more on the loan than the car is worth. The $5k he owes might be $2k less than what he was able to make by saving from not contributing a significant down payment. Or he could have just gotten ripped off...
I also wouldn't call him out on being upside-down on his loan. You have to remember that some people finance all or almost all of their auto purchase and with the sharp decline in economic conditions in the past 2 years, car values (as well as everything else on the market) have dropped significantly in such a short amount of time. If you were able to get a great rate on an auto loan, then putting a significant down payment might not be the best longer-term option based on the time value of money.
Also, if he purchased a similar car in today's market, he would probably have saved that $5k. Cars depreciate and when the market depreciates its value even faster = easily owe more on the loan than the car is worth. The $5k he owes might be $2k less than what he was able to make by saving from not contributing a significant down payment. Or he could have just gotten ripped off...
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#14
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Originally Posted by ethan' post='1067039' date='Dec 3 2009, 11:49 AM
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#15
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Credability check...
Well the more stress-free BMW color in terms of keeping it clean and paint condition is Titanium Silver. The only downside, IMHO, is that it is does not look as aggressive as black. But given that I don't have my own driveway or way own garage or any easy and quick way to wash the car whenever I want, I might go back to Titanium Silver for my next BMW. But I sure do dig the look of the Carbon Black.
Originally Posted by Henry's Dad' post='1044589' date='Nov 1 2009, 07:57 AM
bought a Sapphire Black E61 and absolutely love it. Yes it's a pain to keep clean, but, once it is clean there is no colour like it. It's well worth the effort.
#16
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Originally Posted by studavis' post='1058065' date='Nov 18 2009, 11:44 PM
black cars are like .44 magnums. You always want one, you hate that you own one, and you miss it like hell when you sell it..
#17
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Originally Posted by midwest bmw' post='789041' date='Feb 9 2009, 10:48 PM
Black looks best when clean for sure...And I'll never own it again ![Laughing](https://5series.net/forums/images/smilies/imported/laughing.gif)
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#18
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Originally Posted by unknown' post='789469' date='Feb 10 2009, 12:42 PM
all right i had to say it... once you go black, you never go back!
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#19
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Originally Posted by rich545im' post='789875' date='Feb 10 2009, 07:47 PM
I have a black individual and love it.
#20
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Originally Posted by C's Bimmer' post='790088' date='Feb 11 2009, 01:09 AM
Jet Black rules!
Originally Posted by Henry Ford' date='Feb 11 1908, 01:09 AM
You can have any color car as long as it is Black.
Originally Posted by Jesus' date='Feb 19 0021, 07:09 AM
Black is the color of a car a god would drive, I would know, I am Jesus.
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