E60 Discussion Anything and everything to do with the E60 5 Series. All are welcome!
View Poll Results: What % of NET monthly income is spent on car payment?
50% plus
1.64%
40-50%
0
0%
30-40%
4.92%
20-30%
8.20%
10-20%
31.97%
0-10%
53.28%
Voters: 122. You may not vote on this poll

Poll-% of net monthly income for car payment?

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Old 07-12-2005, 09:55 AM
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Take your net monthly paycheck and divide it by your E60 car payment (not any other cars payments) to get the %age spent on your E60. And be honest-it's anonomous so you are impressing no one.
Old 07-12-2005, 11:23 AM
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So are you really asking if all of us here can afford our E60s?

Just curious, what did you vote?
Old 07-12-2005, 11:24 AM
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I think plenty us bought these things with cash. So 0%.
Old 07-12-2005, 11:28 AM
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Originally Posted by tab545' date='Jul 12 2005, 02:24 PM
I think plenty us bought these things with cash.? So 0%.
[snapback]148371[/snapback]
not a good decision... but my opinion obviously....

lease lease and more lease please... cheaper, better, smarter.

to all those who threw 55-60K towards their ride all at once, more power to you. I can buy 5 properties with that money.. keep it in the bank
Old 07-12-2005, 11:43 AM
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Yea but some of us just can't get over the fact that we don't "own" the car when we lease. But I guess it is wiser to lease a car, especially if you keep your cars less than 4 years.
Old 07-12-2005, 11:56 AM
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Originally Posted by e60 got lip' date='Jul 12 2005, 12:28 PM
[quote name='tab545' date='Jul 12 2005, 02:24 PM']I think plenty us bought these things with cash.? So 0%.
[snapback]148371[/snapback]
not a good decision... but my opinion obviously....

lease lease and more lease please... cheaper, better, smarter.

to all those who threw 55-60K towards their ride all at once, more power to you. I can buy 5 properties with that money.. keep it in the bank
[snapback]148373[/snapback]
[/quote]

Depends on what you want to do with your money If you were to invest then ya of couse use it like that if you plan to keep your car 10 years and dont plan on doing anything else with your money then why pay the interest... Sure you can argue inflation but its still not as much as interest...

5 properties??? What kind? 60 70K here in Los Angeles get you shit.
Old 07-12-2005, 12:07 PM
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Originally Posted by tomwid' date='Jul 12 2005, 12:23 PM
So are you really asking if all of us here can afford our E60s?

Just curious, what did you vote??
[snapback]148369[/snapback]
Like I said, answers are anonomous
Old 07-12-2005, 12:54 PM
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Haha that's what I thought.

Originally Posted by rodneyremington' date='Jul 12 2005, 04:07 PM
[quote name='tomwid' date='Jul 12 2005, 12:23 PM']So are you really asking if all of us here can afford our E60s?

Just curious, what did you vote???
[snapback]148369[/snapback]
Like I said, answers are anonomous
[snapback]148387[/snapback]
[/quote]
Old 07-12-2005, 03:27 PM
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Leasing is only worth while if you own a business and you can write it off. Otherwise it makes so sence you should buy the car and trade it in or sell it after three years/
Old 07-12-2005, 07:17 PM
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Originally Posted by zippers525' date='Jul 12 2005, 04:27 PM
Leasing is only worth while if you own a business and you can write it off. Otherwise it makes so sence you should buy the car and trade it in or sell it after three years/
[snapback]148465[/snapback]
Whether to lease or buy is a complex question that requires knowledge of ones tax situation, employment/business structure, terms of sale/lease, resale values, driving habits,new car marketplace fluxuations such as the GM rebate currently being offered, and multiple other factors. Blanket statements covering every situation won't work.


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