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Kitt 07/07/21 9:32:36 AM #1: |
There's this sweet looking BMW at this car lot near where I live. I've been saving up a lot of money, so I'm strongly considering buying it. Unfortunately, I know nothing about buying cars from a lot. I'm just trying to figure out how this works.
My current car is a piece of crap that I got for really cheap from a family member because no one wanted it lol --- ... Copied to Clipboard!
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WrkHrdPlayHrdr 07/07/21 9:35:03 AM #3: |
It's going to depend on a few things.
1) How much of the cost are you financing? 2) What's your credit? (Basically, how good of an interest rate are you going to get) 3) How often will you be making payments? Monthly? Twice a month? Plus they add stuff on top of the purchase price like gap coverage and things. --- "No. I'm a man so theyll get me a full size McDouble." - DuncanWii https://imgur.com/cSxy3Od ... Copied to Clipboard!
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Giant_Aspirin 07/07/21 9:35:59 AM #4: |
metallica846 posted...
Depends on down payment, interest rate and how long you want to pay it off. this. you can find payment calculators online where you type in the principal, interest rate and duration of the loan and it'll tell you the monthly payment. be wary about buying a used BMW, especially if it has high miles. repairs on those things are frequent and pricey. --- Playing: Yakuza 4 Remaster; Luigi's Mansion 3; Dead Cells; You see it your way, I'll see it mine and I'll be fine ... Copied to Clipboard!
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FabIe 07/07/21 9:37:40 AM #5: |
Giant_Aspirin posted...
be wary about buying a used BMW, especially if it has high miles. repairs on those things are frequent and pricey. This. If it overheats once then it's more or less fucked. BMWs are a hell of a lot more trouble than they're worth and ridiculous to repair. --- Play what you love and the damage will come. ... Copied to Clipboard!
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nativengine 07/07/21 9:43:01 AM #7: |
Dont buy a used BMW would be my suggestion.
Otherwise, WrkHrdPlayHrdr posted... It's going to depend on a few things. --- Jive Turkey ... Copied to Clipboard!
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bigblu89 07/07/21 9:43:11 AM #8: |
If you're looking to spend around $9k-$10k on a used car, buy something more reliable.
You can basically get a used 2015-2018 Hyundai Sonata for that price. It'll be a lot cheaper to operate, from a gas perspective, and much cheaper to repair, should something go wrong. --- It takes zero effort to be a good person. ... Copied to Clipboard!
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Kitt 07/07/21 10:33:16 AM #9: |
Thanks for the replies. I guess the BMW is out of the question :(. It's used and have two previous owners.
My credit is around 750 something last I checked and I heard age also kind of play a part in this. I'm 26 and live in a pretty good neighborhood. Will any of this matter? --- ... Copied to Clipboard!
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Makeveli_lives 07/07/21 10:37:29 AM #10: |
Kitt posted...
Thanks for the replies. I guess the BMW is out of the question :(. It's used and have two previous owners.Age matters for insurance. Credit history too since you can't really have one before 18 I think. --- Switch FC: SW-3917-4425-6106 PSN: PiKappaPhi769 ... Copied to Clipboard!
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Will_VIIII 07/07/21 10:38:34 AM #11: |
It may depend on the state but if you have a lien on the car you may be required to pay for full coverage insurance.
--- https://imgur.com/ZWNgMXL Banned from the safe space/cancel culture board "Life as a Gamer" (aka MAGA 2.0 board) ... Copied to Clipboard!
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scorpion41 07/07/21 10:38:47 AM #12: |
Your age wont matter. Just your credit and how much money you come in with. Also how good your bullshit game is.
--- PSN: scorpion_4160 Currently Playing: NCAA 14(PS3) ... Copied to Clipboard!
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FabIe 07/07/21 10:47:33 AM #13: |
Kitt posted...
My credit is around 750 something last I checked and I heard age also kind of play a part in this. I'm 26 and live in a pretty good neighborhood. Will any of this matter? While your credit may be 750, have you ever had any other financed vehicles? And credit cards or credit lines? Because 750 with little-to-no credit utilization doean't look as good as someone that is using their credit and showing that they're able to make their payments on time. Also debt-to-income ratio matters. If you're drowning in rent, phone, credit card, and student loan debt, you wont look as attractive to a lender or get premium rates. That being said you might get anywhere from 1% to 7% apr depending on the lender. With a 10k loan and depending on the length of the loan (1-5 years) your payments could be as little as 100 to as much as 400. --- Play what you love and the damage will come. ... Copied to Clipboard!
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Will_VIIII 07/07/21 10:49:18 AM #14: |
Neighborhood is probably more of a factor for your insurance.
--- https://imgur.com/ZWNgMXL Banned from the safe space/cancel culture board "Life as a Gamer" (aka MAGA 2.0 board) ... Copied to Clipboard!
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Kitt 07/07/21 10:52:09 AM #15: |
FabIe posted...
While your credit may be 750, have you ever had any other financed vehicles? And credit cards or credit lines? Because 750 with little-to-no credit utilization doean't look as good as someone that is using their credit and showing that they're able to make their payments on time.I have a credit card that I pay off every month. Right now I'm not in any kind of ridiculous debt so far. --- ... Copied to Clipboard!
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I Like Toast 07/07/21 10:53:10 AM #16: |
google auto loan payment calculator and zomg.
Kitt posted... There's this sweet looking BMW not at 9k there isn't. --- If you do things right, people won't be sure you've done anything at all https://mikelikesthis.net the blog no one asked for is back ... Copied to Clipboard!
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Trumpo 07/07/21 10:55:49 AM #17: |
You can get a 2 model generation old Honda Civic for that budget
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Kitt 07/07/21 10:57:01 AM #18: |
Trumpo posted...
You can get a 2 model generation old Honda Civic for that budgetI'm always hearing really good things about Honda's generally, so that's probably what I'm going to look into next. --- ... Copied to Clipboard!
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Will_VIIII 07/07/21 10:58:53 AM #19: |
My current car is a 2008 Honda Civic which I've had since early 2013. No major issues with regular oil changes and etc so I'd recommend looking into one.
--- https://imgur.com/ZWNgMXL Banned from the safe space/cancel culture board "Life as a Gamer" (aka MAGA 2.0 board) ... Copied to Clipboard!
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whitelytning 07/07/21 11:06:43 AM #20: |
I recently went through the whole used luxury car decision for a second vehicle and as others have said its not as great of a deal as it looks. Simple repairs or even oil changes can be pricey depending on the model. If its a second vehicle and you are willing to do the work yourself it can work out but its not a great idea if budget is one of the primary concerns.
Also, when buying anything, focus on the final price. The dealers will do all they can to get you a monthly price within your range if you give them one but that will likely end up costing you more. They can stretch $10k out years if it brings the monthly down but you will end up paying way more for the car. You are better off just negotiating the final price before you talk about financing options. --- ************************************************ https://imgur.com/iZdWIKJ ... Copied to Clipboard!
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BlingBling22947 07/07/21 11:20:32 AM #22: |
https://gamefaqs.gamespot.com/boards/400-current-events/79539845
--- When was the last time you heard your boy Nas rhyme? Never on schedule but always on time ... Copied to Clipboard!
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CanuckCowboy 07/07/21 11:25:43 AM #23: |
Don't buy a beamer.
The repair costs are absurd and they aren't half as great as people think they are. Bmws glory days are a thing of the past. --- "Mr. Fatass. Mr ugly cat! Mr can't even sell for 2 bucks!" ~ Jim Lahey https://files.catbox.moe/gqwlkg.jpeg ~ by JimCarrysToe. Be amaze. ... Copied to Clipboard!
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BlingBling22947 07/09/21 5:18:45 AM #24: |
If you see a BMW off of the lot it's worthless.
--- When was the last time you heard your boy Nas rhyme? Never on schedule but always on time ... Copied to Clipboard!
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