02-21-2013 12:14 AM
Ah,ok then. That makes sense. As long as it's effectively cash funding that you would be paying anyway, might as well get some rewards on it.
At $700 a month going straight to principal, you will never be upside down on this paper.
02-21-2013 12:18 AM
Dustink wrote:Thank you again for your input. Great having somebody to bounces ideas off of.
What kind of car's do you like buying?
I am a fan of AWD. Been looking mostly at Audi's, Infiniti's, Lancer's, and Subaru's. Also, some Acura's and BMW's.
Dyed in the wool BMW devotee. I traded a 2008 535xi in December for a new 750iL. As far as I'm concerned, there is no other car on the market. I love them.
02-21-2013 12:22 AM
I was looking into an AWD 328i. Nice car, but the price is high and depreciation sets in quick. Much better fuel mileage than the Subaru, yet still makes good power. Would be nice, but runs about $10k higher.
02-21-2013 12:23 AM
Bet that 7 series is comfy.
02-21-2013 12:25 AM
Dustink wrote:I was looking into an AWD 328i. Nice car, but the price is high and depreciation sets in quick. Much better fuel mileage than the Subaru, yet still makes good power. Would be nice, but runs about $10k higher.
Yea, they do depreciate more quickly than I would like, but part of my compensation package is a car allowance, so the firm is bearing the bulk of the cost for the car. What I personally have in the vehicle I more than recoup at trade.
02-21-2013 12:29 AM - edited 02-21-2013 12:29 AM
Dustink wrote:Bet that 7 series is comfy.
Like a rolling cloud (albeit a 445hp rolling cloud). I sprang for the Bang & Olufsen setup this time around, and it honestly sounds better than my home stereo does. Say whatever you like about humorless Germans, and I could say plenty, but they flat out know how to build cars. ![]()
02-21-2013 12:32 AM
Elcid89 wrote:
Dustink wrote:I was looking into an AWD 328i. Nice car, but the price is high and depreciation sets in quick. Much better fuel mileage than the Subaru, yet still makes good power. Would be nice, but runs about $10k higher.
Yea, they do depreciate more quickly than I would like, but part of my compensation package is a car allowance, so the firm is bearing the bulk of the cost for the car. What I personally have in the vehicle I more than recoup at trade.
Even if the firm wasn't reimbursing for the vehicle, sometimes it is worth it if you really enjoy the car.
My work provides a few hundred per month for the vehicle, not quite enough to get into a luxury car. I also don't make real good money. Even spending $25k is a bit much. I was thinking about spending less, but I don't want to hate the car.
02-21-2013 12:36 AM
Elcid89 wrote:
Dustink wrote:Bet that 7 series is comfy.
Like a rolling cloud (albeit a 445hp rolling cloud). I sprang for the Bang & Olufsen setup this time around, and it honestly sounds better than my home stereo does. Say whatever you like about humorless Germans, and I could say plenty, but they flat out know how to build cars.
Someday you got to check out Audi. The S8 is pretty respectable competition. Both great cars. Big, heavy, and powerful. Legacy= Big, heavy, gutless...lol
02-21-2013 12:37 AM
Dustink wrote:
Elcid89 wrote:
Dustink wrote:I was looking into an AWD 328i. Nice car, but the price is high and depreciation sets in quick. Much better fuel mileage than the Subaru, yet still makes good power. Would be nice, but runs about $10k higher.
Yea, they do depreciate more quickly than I would like, but part of my compensation package is a car allowance, so the firm is bearing the bulk of the cost for the car. What I personally have in the vehicle I more than recoup at trade.
Even if the firm wasn't reimbursing for the vehicle, sometimes it is worth it if you really enjoy the car.
My work provides a few hundred per month for the vehicle, not quite enough to get into a luxury car. I also don't make real good money. Even spending $25k is a bit much. I was thinking about spending less, but I don't want to hate the car.
True. I'd buy the car anyway, but it's always better if you can do it with someone else's money. ![]()
Remember, you don't make real good money [yet]. You will, so enjoy the ride. You only get to go around once. Nobody ever carved "If only I'd had a little less fun" on their tombstone.
02-21-2013 08:53 PM
Anyone else have any more thoughts? I am thinking about signing the paperwork tomorrow.

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.
>> About myFICO


