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?

 

Where do you live??

 

Get a home equity loan for as much as you can, cover the rest with cash. Invest the left over cash.

 

I'd go with the one that has more options standard, which at that price would probably be the TL

 

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.

 

Houston, TX area.

But going further north (Utah, California, AZ) in the next couple years is very possible.

 

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.

 

Cool thanks!

 

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.

 

new tl, cant justify spending 31k on a used car.

 

I love the BMW, but it is too small.

I was at the same point and went with a TL. Bigger, plus NEW!!! Plus many nice features.

My

 

yes, I know probably a nice ride. but is it a 2.5L engine? Or a 3.5? I think the 2.5 is for Europe, & Asia.

The 3.5 will probably be higher than 31 grand.