[Alpha97]

Undecided. Might not be the best time to add a car with my portfolio being down nearly 40%

[zero21]

Originally Posted by Alpha97

Undecided. Might not be the best time to add a car with my portfolio being down nearly 40%

This is why my motto about retirement is just to keep earning more money year over year. I've realized once you get to a certain point in 250-300k/yr range (with a spouse who also earns well) it honestly shouldn't matter and my decisions become easier.

But I also still daily a Kia Soul (I just love it, don't judge) so my decision-making can be dramatically different than most 😂

[Game]

Still going to make it happen.

[fanofbmwe46]

I already put the money in a money market cash account earning 3.6% so the funds would be safe until I use them to buy the car

[02M3ForMe]

Good thing about being liquid with no debt is you're largely insulated from the BS. Paper wins and losses don't matter.

I'm thinking of buying two ...

[Ctothej]

Originally Posted by 02M3ForMe

Good thing about being liquid with no debt is you're largely insulated from the BS. Paper wins and losses don't matter.

I'm thinking of buying two ...

Two? One for me? How generous. I'll send you my address once it's ready to be shipped out.

[Albator_IIII]

Originally Posted by Ctothej

Two? One for me? How generous. I'll send you my address once it's ready to be shipped out.

The ones he can order will have the steering wheel on the wrong side for you. Good luck.

[02M3ForMe]

Haha, I regularly buy both transmission options and keep the one I like if I feel strongly one way or the other. I’ve done that with every M starting with the E46.

[T_U_D]

Originally Posted by 02M3ForMe

Haha, I regularly buy both transmission options and keep the one I like if I feel strongly one way or the other. I’ve done that with every M starting with the E46.

Ha!

[Alpha97]

Originally Posted by zero21

This is why my motto about retirement is just to keep earning more money year over year. I've realized once you get to a certain point in 250-300k/yr range (with a spouse who also earns well) it honestly shouldn't matter and my decisions become easier.

But I also still daily a Kia Soul (I just love it, don't judge) so my decision-making can be dramatically different than most 😂

Haha nice. I don't work so no daily but my main vehicle is a Tacoma and a bike in the summer. M3 and the M Coupe racked up less than 5k miles combined last year.
I have enough toys so adding the M2 can wait if the opportunity cost is too great. That $70k could scoop up some cheap tech stocks and a bunch of leaps that can possibly net a CSL and a Taycan Turbo in a year or two.

[Albator_IIII]

Originally Posted by 02M3ForMe

Haha, I regularly buy both transmission options and keep the one I like if I feel strongly one way or the other. I’ve done that with every M starting with the E46.

Good for you!

[T_U_D]

I currently fall into the undecided crowd. If the recession is rather significant then I will probably delay until things begin to show signs of improving. There is no urgency for me. Plus I have amazing patience.

[Ctothej]

Originally Posted by Albator_IIII

The ones he can order will have the steering wheel on the wrong side for you. Good luck.

Oh not really an issue. I've seen classics on the road with steering wheel on the left and have driven that way for a good few years in Dubai.

[Ctothej]

Originally Posted by T_U_D

I currently fall into the undecided crowd. If the recession is rather significant then I will probably delay until things begin to show signs of improving. There is no urgency for me. Plus I have amazing patience.

Way I'm seeing it, recession is not an if but a when and how bad question..

[fanofbmwe46]

I’ve got cash ready to deploy.. bring on a 15-20% pullback so I can put it to work.

[Bumpinjeep]

I voted "undecided." I really hate the idea of paying more than a few percent on a loan. And if rates keep going up, I can certainly wait it out. This isn't a life or death type vehicle. Ideally, people stop buying high end goods for a few months and rates go back to where they should be.

[Vaticous]

Seems improbable with this car specifically (given the hype) but worth asking for those of you on the inside. Any chance of in-house financing offering to buy down interest rates or offering discounts? Dealers will be several months into feeling this current squeeze when the G87 lands.

I have come across recent G80/2 owners who claim they paid MSRP minus a discount for a new build.

[JCZ5]

Good discussion question. For me, I’m more on the side of waiting for the Comp to come out and see if it will be a manual. That will be the deciding factor. Although there is whispers of a recession, I’m still onboard with purchase if it matches my needs.

[Xspeedracer]

Yep put money in a Mutual fund investment account earning 9.2% already have more than 50% to put down on the car

[fanofbmwe46]

Originally Posted by Xspeedracer

Yep put money in a Mutual fund investment account earning 9.2% already have more than 50% to put down on the car

Which mutual fund?

I’ve got mine in a cash money market with 0 risk.. pays 3.55%

[Xspeedracer]

Fidelity Investments I have multiple funds I have invested in over the last year it’s been a roller coaster ride, but I’m still getting a good return of course. I’ve been adding $500/ week to my investment of my funds when the markets dropped I bought more funds each time much better way to save for the car

[BRAKE!]

Originally Posted by Xspeedracer

Fidelity Investments I have multiple funds I have invested in over the last year it’s been a roller coaster ride, but I’m still getting a good return of course. I’ve been adding $500/ week to my investment of my funds when the markets dropped I bought more funds each time much better way to save for the car

and fanofbmwe46

Do you guys factor in the tax implications? I assume you're both speaking about post tax investments with liability for capital gains tax (especially on accounts held less than a year...)

I've thought about doing this as a quick way to make a few % points above a money market fund, but my calculations show short-term capital gains tax eroding almost all of the gains, especially in this market where everything seems to be doing a nose dive.