[Jashue]

Originally Posted by PRINCE THUNDERNIGHT

Seen this color before…

I'd love to see this Vegas Red along side a Soul Red Mazda. That red is, in my opinion, the best red ever put onto a car. My next vehicle will be an MX-5. It will look terrific next to my Thundernight G42.

[JoeyJoeJo]

Interest rate varies against model as well 4.9% M2, 6.9% M240, for pcp where residuals likely higher, it can be very close on monthlies to step up (with a load of other factors to consider obvs).

[kudos]

Why are you people paying so much for monthly payments? My God my anxiety would be through the roof.

[Pentland]

Originally Posted by kudos

Why are you people paying so much for monthly payments? My God my anxiety would be through the roof.

What’s your car costing you per month?

[kudos]

Originally Posted by Pentland

What’s your car costing you per month?

Nothing I paid in full. If I had to pay so much monthly for my car I would have just bought something older probably so the bill wouldn't be so high. What kind of down payments are you guys doing where you're paying over $500/month?

[Pentland]

Originally Posted by kudos

Nothing I paid in full. If I had to pay so much monthly for my car I would have just bought something older probably so the bill wouldn't be so high. What kind of down payments are you guys doing where you're paying over $500/month?

Your car still has a monthly cost.

[Littlecoupe]

Originally Posted by kudos

Nothing I paid in full. If I had to pay so much monthly for my car I would have just bought something older probably so the bill wouldn't be so high. What kind of down payments are you guys doing where you're paying over $500/month?

Leases seem to be more expensive in Canada, I think we just don't get the same level of incentives that our USA counterparts get.

On the flipside, I see a BASE model 2025 M240i on the UK configurator shows 584 pounds per month with 4500 pounds down. Recommended OTR price is 48,000 pounds. That equates to 83,000 CAD for a base model. My nearly loaded 2023 was about 76,000 out the door (IIRC).

In any case, how do we pay this much? Honestly I've had car payments between 700 and 800 dollars per month for the last 12 years, so it's just normal for me. The payment are disproportionately high compared to my gross income, but the wife and I split finances equally and we have no children, so we have some excess income. If I had kids, there is no way I could make these car payments and be able to afford any savings or a vacation. It's all about how you budget. My goal after this lease is up in 3 years is to either buy the car outright if I can, or if I hate it, give it back or sell it and buy something used to get out of car payments. I've been in the "new car trap" for years because I keep getting to a point of equity on the loan and then using that to lower the payment on the next car. I'm tired of car payments.

[kudos]

Originally Posted by Pentland

Your car still has a monthly cost.

Uh, yeah my gas. That isn't exactly what we are talking about here. What other cost are you talking about?

[kudos]

Originally Posted by Littlecoupe

I've been in the "new car trap" for years because I keep getting to a point of equity on the loan and then using that to lower the payment on the next car. I'm tired of car payments.

Good job man. I'm glad you're making the change.

[Pentland]

Originally Posted by kudos

Uh, yeah my gas. That isn't exactly what we are talking about here. What other cost are you talking about?

Divide the cost of your cash payment vs the number of months you intend to own it.

E.g. Assuming it cost you 50k and you get 40% back when you sell in 4 years time that’s costing you 625 per month. And that’s using very conservative numbers.

[kudos]

Originally Posted by Pentland

Divide the cost of your cash payment vs the number of months you intend to own it.

E.g. Assuming it cost you 50k and you get 40% back when you sell in 4 years time that’s costing you 625 per month. And that’s using very conservative numbers.

I don't buy or sell cars often. 4 years is nothing to me. I plan to keep much longer.

My point is paying 900 or 1000 / month is crazy to me. On top of that you're paying interest which is a waste of money.

[Pentland]

Originally Posted by kudos

Considering I don't buy and sell cars often because it's stupid to do financially, this doesn't really apply.

It applies exactly.

You’ve made one massive payment for a depreciating asset. Not necessarily the best move financially.


Those who financed will get finance incentives, and not have tied up the cash balance (if they had it in the first place). They will pay a premium for this - the interest rate but, and I can only speak for myself, I’ve always managed to invest the balance and return more than that interest rate. The latter is of course not without risk.

In addition, the finances have guaranteed a future value for the vehicle so costs are fixed regardless of what happens in the financial or automotive markets.

[kudos]

Originally Posted by Pentland

It applies exactly.

You’ve made one massive payment for a depreciating asset. Not necessarily the best move financially.


Those who financed will get finance incentives, and not have tied up the cash balance (if they had it in the first place). They will pay a premium for this - the interest rate but, and I can only speak for myself, I’ve always managed to invest the balance and return more than that interest rate. The latter is of course not without risk.

In addition, the finances have guaranteed a future value for the vehicle so costs are fixed regardless of what happens in the financial or automotive markets.

This is some delusional financial mindset. Nobody in this price range should be paying $900/month. Paying interest is stupid and debt is slavery. You're also banking on the economy never going to shit.

https://www.investopedia.com/auto-lo...bigger-8559565

• U.S. car owners are falling behind on their auto loan payments at a rate not seen in 13 years.
• The problem is driven by expensive cars and high interest rates on car loans.
• It's worse for 30-something borrowers, who have to contend with the resumption of federal student loan payments on top of other financial stresses.

[Pentland]

Originally Posted by kudos

This is some delusional financial mindset. Nobody in this price range should be paying $900/month. Paying interest is stupid and debt is slavery. You're also banking on the economy never going to shit.

https://www.investopedia.com/auto-lo...bigger-8559565

• U.S. car owners are falling behind on their auto loan payments at a rate not seen in 13 years.
• The problem is driven by expensive cars and high interest rates on car loans.
• It's worse for 30-something borrowers, who have to contend with the resumption of federal student loan payments on top of other financial stresses.

No pint debating this if you don’t understand that even buying your car outright in cash, it still has a monthly cost equivalent.

I’m guessing you bought you home for cash too?

[kudos]

Originally Posted by Pentland

No pint debating this if you don’t understand that even buying your car outright in cash, it still has a monthly cost equivalent. I’m guessing you bought you home for cash too?

You're ignoring the high interest being paid under the assumption that the market will always deliver more than your interest rate which is simply you gambling.

No, a mortgage isn't even close to the same thing as a car. Why would you even ask that? It's a completely different topic.

[Pentland]

Originally Posted by kudos

You're ignoring the high interest being paid under the assumption that the market will always deliver more than your interest rate which is simply you gambling.

No, a mortgage isn't even close to the same thing as a car. Why would you even ask that? It's a completely different topic.

You’re ignoring the original question.

Calculate the cost of your car per month.

[Littlecoupe]

Back on the topic of the facelift...I see the M2 received some individual colors, including Java Green II Metallic, but I'm not seeing those for the M240i. Why is it only the more expensive cars, or the least inexpensive (Chevy Trax, Dodge Dart) get an actual selection of color?

Of all the updates, that's pretty much the only one I regret. I'd need to see it in person, but a green car has always been on my list. Also, ironically, the black rockers would have looked very slick on a green car (black and green is a classic combo - a la Grave Digger), but they'd be body colored for 2025...LOL.

[Baldilocks73]

I’d probably still get the side skirt wrapped in a dart matte finish.

[AlexC2er]

Originally Posted by Baldilocks73

The thing that gets me is that the 2 Series Grand Coupe can be optioned with much nicer seats in the U.S, but not the sportier proper 2 Series.

Bruh, how does the fwd car gets better seats. I think bmw is telling you to go aftermarket

[VegasG42]

Originally Posted by Pentland

Divide the cost of your cash payment vs the number of months you intend to own it.

E.g. Assuming it cost you 50k and you get 40% back when you sell in 4 years time that’s costing you 625 per month. And that’s using very conservative numbers.

You think a 4 year old low mileage m240i xDrive will only cost $20k in 4 years ?

[Pentland]

Originally Posted by VegasG42

You think a 4 year old low mileage m240i xDrive will only cost $20k in 4 years ?

By example for a 54k (GBP) M240i in the Uk, the GFV after 4 years is <22k. That’s base on 8k miles per year, the lowest number BMW allow on a PCP.

Just tried to make the maths easy for someone who thinks a 50k+ car is free after they paid cash.

[AlexC2er]

Originally Posted by Pentland

By example for a 54k (GBP) M240i in the Uk, the GFV after 4 years is <22k. That’s base on 8k miles per year, the lowest number BMW allow on a PCP.

Just tried to make the maths easy for someone who thinks a 50k+ car is free after they paid cash.

Ain’t losing nothing if I ain’t selling it. I’m going to drive my 24 240 for around 8-10 years. By then the value really doesn’t matter. Almost all cars except for cars like Porsche gone down to the bottom anyways. BMWs are indeed shit for depreciation you’re right on that. All German cars are except for porsche