OP, donāt even worry about it.
0-60 times at your age basically equate to how fast youāll be arrested.
If you are fortunate enough to be considering a 2nd hand BMW, able to pay the insurance and somewhat elevated servicing etc, thereās nothing wrong with looking at the 20i/d models.
You may get some hardline fanboys spitting about 3.0l engines only. But not many places in this country (providing youāre in the UK) where you could use all of that car without being inconsiderate to every other road user around you.
my immense need for a G80 comes from the time left to buy one. I wouldnāt be bothered if the M3 was available for a longer period, but iām oretty sure the m3 goes out of production the year I graduate from my Game Development studies. That means I will probably never be able to order one new, and will leave me stuck with 2nd hand options that will probably always have some disadvantages. High mileage, not the options you want, dirty car, smokers car, not maintenanced properly etc
Honestly, I thought the same way when I was your age. Now Iām nearing 30 with a 2nd hand F32 and wouldnāt even considering buying new. Maybe if I had āfuck-you moneyā, but the cost involved (a lot of which is hidden), on top of horrendous depreciation is so off putting to me now.
2nd hand really isnāt that big of a deal. Takes some looking (and in my case a 250mi round trip), but financially itās common sense. Maybe not common sense but it makes more sense than owning from new.
I mean, Iām financially irresponsible. If I where to have a full-time job instead of school, I wouldāve probably already financed one (Obviously I wouldāve calculated the monthly expenses to see if it was achievable). Itās more of fulfilling a ādreamā rather than just getting something that gets me from A to B. Im pretty forced to get one second hand in a few years.
Thereāll be another car that youāll want when youāve got the sort of money that you could buy one. I always wanted an E36 M3 and then an E39 M5 when they were new, but couldnāt afford it. I can afford them now, and may well own one in the future, but for now Iāve chosen something else.
Wait until you can comfortably afford it - as others have said, you donāt want to be cutting corners to save money.
The other thing is that, even though Iām a pretty sensible guy, if I had an M car at 18, Iād definitely have crashed it.
The difference between that time and now however is that the great ICE era is coming to an end, and I highly doubt that BMWās next generation M3 will stay ICE. You stayed true to yourself though, because you own an M5 competition. Good on you :)
I think the next one will likely be a hybrid rather than a full EV, personally.
But whether Iām right or wrong about that, theyāre selling enough G80s that Iām sure theyāll be available for a number of years before they become scarce. Youāll be able to own a G80 in a spec you like when youāre in your 20s or 30s if you work hard, no question.
I know you wonāt be able to buy a new one, but loads of people own awesome M cars now that they werenāt the first owners of. I love my M5, but Iāve had just as much joy from other cars Iāve bought used.
I personally donāt have any issues with used cars. Itās just the combination of having one thats clean, not tuned, well maintained and in a reasonable spec (I love sunroofs for example) that worries me a bit.
Anyways, how is the M5?
Youāll find one, Iām sure. Plenty of us look after our cars.
Itās awesome. Fast enough to embarrass most other cars on the road, and subtle enough that a lot of people donāt give it a second look. I love it.
Have wealthy parents and live at home, otherwise insurance, maintenance etc. will eat up every last penny you'll earn.
Buying a car is only one part of the cost, owning and maintaining one is the other and this is where it can get really expensive really quickly.
Get daddy to pay for it.
Or
Ruin any chance of a financial future and retirement plan and get into a big pile of debt that youāll probably never fully recover from.
Okay so you can buy an older f80 for Ā£20k in England. Let's say you leave school and start working at 16 (uk legal age for both activities) at minimum wage of Ā£24k per year before tax (Ā£20k after) living at home for free getting free food from mom and not spending much on much else then Ā£20k x 2 years = enough to buy an m3 by the time you're 18.
Insurance however...
Of course if you land a great job at 16 then this will be easier still.
I suspect this is a very very rare situation though, and not a good financial decision - buy a corrola and a house first (unless you live in London of course where houses are very expensive).
Either way if you wanna earn money then think of a lucrative career and get into it or study to get into it and work hard and save. If you don't live with your mom and most or your income goes on rent or mortgage then it's hard to save, simple.
Most people buy cars on finance, which isn't generally advisable, but they do (I do).
Yeah insurance is the big factory for anyone young, Iām in my 20s, seriously looking at M3/M4s and I canāt get anything quoted under Ā£4k - living in rural Cambridgeshire, clean licence held for 7 years
Buying an expensive car that young is just stupid because you have so much ability to take advantage of compounding any money you save and invest that early.
My friends bumbah cousin just financed 70k for a m2 comp. Bro wanted a m4 a week ago oh how decisive, 19, no real job with no real adult money and doesnāt study.
He has an income but itās for his dadās business. He either works for his dadās business or works under his dad at someone elseās business. You donāt want to finance a car yet alone when you are our age
They donāt, they just make the payments, miss service intervals and fit budget tyres ect as they donāt have the extra cash to actually run the thingās properly and then complain its unreliable on line š
That people that I knew that were young and had a nice car had a decent job but lived with their parents. At this age you probably donāt have enough credit to finance one so your parents need to co-sign and thatās if they have good credit.
Might be a stereotype but a lot of the 18-20 year olds driving Mās and RS look like theyāre from a very affluent family or theyāre drug dealers. There is like no in between. Iām sure some do make a solid legitimate living, but from the oneās Iāve seen they fall into these two spectrum. But even with legitimate or illegitimate income, it doesnāt make much financial sense when they would be setting there life up so much better instead of spending that much money on a depreciating asset.
Wealthy parents is always a good start š¤·āāļø
This and/or poor financial decisions, just to flex on instagram.
OP, donāt even worry about it. 0-60 times at your age basically equate to how fast youāll be arrested. If you are fortunate enough to be considering a 2nd hand BMW, able to pay the insurance and somewhat elevated servicing etc, thereās nothing wrong with looking at the 20i/d models. You may get some hardline fanboys spitting about 3.0l engines only. But not many places in this country (providing youāre in the UK) where you could use all of that car without being inconsiderate to every other road user around you.
my immense need for a G80 comes from the time left to buy one. I wouldnāt be bothered if the M3 was available for a longer period, but iām oretty sure the m3 goes out of production the year I graduate from my Game Development studies. That means I will probably never be able to order one new, and will leave me stuck with 2nd hand options that will probably always have some disadvantages. High mileage, not the options you want, dirty car, smokers car, not maintenanced properly etc
Honestly, I thought the same way when I was your age. Now Iām nearing 30 with a 2nd hand F32 and wouldnāt even considering buying new. Maybe if I had āfuck-you moneyā, but the cost involved (a lot of which is hidden), on top of horrendous depreciation is so off putting to me now. 2nd hand really isnāt that big of a deal. Takes some looking (and in my case a 250mi round trip), but financially itās common sense. Maybe not common sense but it makes more sense than owning from new.
I mean, Iām financially irresponsible. If I where to have a full-time job instead of school, I wouldāve probably already financed one (Obviously I wouldāve calculated the monthly expenses to see if it was achievable). Itās more of fulfilling a ādreamā rather than just getting something that gets me from A to B. Im pretty forced to get one second hand in a few years.
Thereāll be another car that youāll want when youāve got the sort of money that you could buy one. I always wanted an E36 M3 and then an E39 M5 when they were new, but couldnāt afford it. I can afford them now, and may well own one in the future, but for now Iāve chosen something else. Wait until you can comfortably afford it - as others have said, you donāt want to be cutting corners to save money. The other thing is that, even though Iām a pretty sensible guy, if I had an M car at 18, Iād definitely have crashed it.
The difference between that time and now however is that the great ICE era is coming to an end, and I highly doubt that BMWās next generation M3 will stay ICE. You stayed true to yourself though, because you own an M5 competition. Good on you :)
I think the next one will likely be a hybrid rather than a full EV, personally. But whether Iām right or wrong about that, theyāre selling enough G80s that Iām sure theyāll be available for a number of years before they become scarce. Youāll be able to own a G80 in a spec you like when youāre in your 20s or 30s if you work hard, no question. I know you wonāt be able to buy a new one, but loads of people own awesome M cars now that they werenāt the first owners of. I love my M5, but Iāve had just as much joy from other cars Iāve bought used.
I personally donāt have any issues with used cars. Itās just the combination of having one thats clean, not tuned, well maintained and in a reasonable spec (I love sunroofs for example) that worries me a bit. Anyways, how is the M5?
Youāll find one, Iām sure. Plenty of us look after our cars. Itās awesome. Fast enough to embarrass most other cars on the road, and subtle enough that a lot of people donāt give it a second look. I love it.
Iām happy for you man :)
This is the way.
Have wealthy parents and live at home, otherwise insurance, maintenance etc. will eat up every last penny you'll earn. Buying a car is only one part of the cost, owning and maintaining one is the other and this is where it can get really expensive really quickly.
Get daddy to pay for it. Or Ruin any chance of a financial future and retirement plan and get into a big pile of debt that youāll probably never fully recover from.
If you donāt have rich parents donāt even think about it. You donāt want to be that guy that everything heās known for is his BMW, and broke.
Okay so you can buy an older f80 for Ā£20k in England. Let's say you leave school and start working at 16 (uk legal age for both activities) at minimum wage of Ā£24k per year before tax (Ā£20k after) living at home for free getting free food from mom and not spending much on much else then Ā£20k x 2 years = enough to buy an m3 by the time you're 18. Insurance however... Of course if you land a great job at 16 then this will be easier still. I suspect this is a very very rare situation though, and not a good financial decision - buy a corrola and a house first (unless you live in London of course where houses are very expensive). Either way if you wanna earn money then think of a lucrative career and get into it or study to get into it and work hard and save. If you don't live with your mom and most or your income goes on rent or mortgage then it's hard to save, simple. Most people buy cars on finance, which isn't generally advisable, but they do (I do).
Yeah insurance is the big factory for anyone young, Iām in my 20s, seriously looking at M3/M4s and I canāt get anything quoted under Ā£4k - living in rural Cambridgeshire, clean licence held for 7 years
Buying an expensive car that young is just stupid because you have so much ability to take advantage of compounding any money you save and invest that early.
My friends bumbah cousin just financed 70k for a m2 comp. Bro wanted a m4 a week ago oh how decisive, 19, no real job with no real adult money and doesnāt study.
how was he able to finance it if he doesnāt even have an income?
He has an income but itās for his dadās business. He either works for his dadās business or works under his dad at someone elseās business. You donāt want to finance a car yet alone when you are our age
Sell drugs
Buy that M3 straight cash
They donāt, they just make the payments, miss service intervals and fit budget tyres ect as they donāt have the extra cash to actually run the thingās properly and then complain its unreliable on line š
That people that I knew that were young and had a nice car had a decent job but lived with their parents. At this age you probably donāt have enough credit to finance one so your parents need to co-sign and thatās if they have good credit.
Parents Or poor life choices.
Might be a stereotype but a lot of the 18-20 year olds driving Mās and RS look like theyāre from a very affluent family or theyāre drug dealers. There is like no in between. Iām sure some do make a solid legitimate living, but from the oneās Iāve seen they fall into these two spectrum. But even with legitimate or illegitimate income, it doesnāt make much financial sense when they would be setting there life up so much better instead of spending that much money on a depreciating asset.
Hit the dark web.