32 grand to spend.
04-21-2005, 03:37 PM
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Originally Posted by chill_dog
Get a home equity loan for as much as you can, cover the rest with cash. Invest the left over cash.
Dealer quoted me 31,600 for a '05 6mt Anthracite/Ebony no-nav.
I'm thinking I may just do it.
I'm buying it cash, because they only offer above 4%. If I could guarranty my money growing faster than my payments, I'd probably do that.
04-21-2005, 03:46 PM
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Originally Posted by downtown
Car's are terrible investments, I'm cheep. I've got the cash, but cold feet buying it, that's why i'm still on this site, asking lame "what if" questions.
Dealer quoted me 31,600 for a '05 6mt Anthracite/Ebony no-nav.
I'm thinking I may just do it.
I'm buying it cash, because they only offer above 4%. If I could guarranty my money growing faster than my payments, I'd probably do that.
Dealer quoted me 31,600 for a '05 6mt Anthracite/Ebony no-nav.
I'm thinking I may just do it.
I'm buying it cash, because they only offer above 4%. If I could guarranty my money growing faster than my payments, I'd probably do that.
As for the investment angle. First, you're home equity loan is a tax deduction (interest, at least). With a little research, you could find some investments that make more than your equity loan, but you're right, it's not guaranteed.
Regardless of how you get it, get the TL.
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04-21-2005, 03:49 PM
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Originally Posted by chill_dog
That's not a bad price. You'll enjoy the car, no question. In the long run, it will cost you less than the BMW...longer warranty period than a 1 year old car, cheaper to fix once the warranty's up, etc.
As for the investment angle. First, you're home equity loan is a tax deduction (interest, at least). With a little research, you could find some investments that make more than your equity loan, but you're right, it's not guaranteed.
Regardless of how you get it, get the TL.
As for the investment angle. First, you're home equity loan is a tax deduction (interest, at least). With a little research, you could find some investments that make more than your equity loan, but you're right, it's not guaranteed.
Regardless of how you get it, get the TL.
04-21-2005, 03:57 PM
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Originally Posted by downtown
If you 31k to spend.
and you can choose between a '04 330 sport/premium w/ low miles or an '05 TL 6MT w/o Nav.
What do you do?
and you can choose between a '04 330 sport/premium w/ low miles or an '05 TL 6MT w/o Nav.
What do you do?
saw the new IS at an auto show. I must say, I think it looks pretty hot.
Otherwise, get the TL, no question. A little risky to buy a used BMW, but that's just MHO.
04-21-2005, 04:02 PM
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Originally Posted by elsensei
Just a thought: Wait for the new IS250 6MT?
saw the new IS at an auto show. I must say, I think it looks pretty hot.
Otherwise, get the TL, no question. A little risky to buy a used BMW, but that's just MHO.
saw the new IS at an auto show. I must say, I think it looks pretty hot.
Otherwise, get the TL, no question. A little risky to buy a used BMW, but that's just MHO.
The 3.5 will probably be higher than 31 grand.
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