That's it! I'm getting an E46 330i sport

[TW]Fox;16447400 said:
You dont drive around with your head on it, its for resting it occasionally - the headrest angles forward to reach your head more easily.

Just take my word for it, you wont have your head pointing down.
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I see, I'm not used to these modern cars with safety in mind. I just thought the angle of them were abit extreme, I'm fairly tall and most head rests are useless to me, especially rear ones.
 
Kingy said:
I've never tied up capital in a depreciating asset
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[TW]Fox;16447382 said:
To be honest if the only way you can afford a 5 grand 3 Series is on finance its probably not a sensible car to get!
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If you are that hard up for £5k, then running an aging 3 litre BMW isn't the best way of utilizing your limited credit.
 
Kingy said:
I've never tied up capital in a depreciating asset, and don't see what difference it makes on how much the car costs?
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Oh not this again, its such a load of rubbish. Unless you've found a way of investing money and returning more interest than a commercial rate loan (In which case well done on finding the unicorn, why not borrow £25k and generate free money) thats a load of crock ESPECIALLY at a pricepoint of just £5k. Besides, I said if the ONLY way you can afford it is on finance.

It PERHAPS makes sense on a high value car where the ease of getting unsecured capital is far less but not on a £5k one.

It's a great car but its one thats going to cost money to keep. It's the sort of car you buy if you've got plenty of cash kicking about and don't mind a decent yet old car sucking a bit of it. It isnt a car for people who need to borrow all £5k commercially simply to buy it.

It's £5k, it's a depreciated asset not a depreciating one. It's not worth enough to lose anything of real value!

The car in question looks remarkably good value (pending inspection). Spend £1500 on a MK IV nav computer, Genuine MV2's, a detail, and a personal plate and that would pass for a car of twice the price.

So why spend twice the price? That can be a choice...
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I'm not saying dont buy it. It's a decent looking car. I'm saying if you need to borrow in order to afford it, maybe think a bit hard before taking the plunge.

Alternatively spin a load of BS about how its not that you cant afford it, its just that you'd rather leverage synergies for capital aquisition and investment purposes to avoid depreciation on your high value asset stream.
 
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paradigm said:
If you are that hard up for £5k, then running an aging 3 litre BMW isn't the best way of utilizing your limited credit.
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Why do you have to be hard up for £5k to want a loan to manage the cost of an asset?

Why is limited credit implied?
 
Kingy said:
Why do you have to be hard up for £5k to want a loan to manage the cost of an asset?
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Drop the finance buzzwords, it's a 5 grand 9 year old 3 Series not a nearly new Jaguar XF. There are no synergies to leverage for improved capital position here - it's a cheap BMW.

Do you take out loans on your TV to manage the cost of that asset as well?

Clarification: There is nothing wrong with the use of vehicle finance to purchase a car. There is everything wrong with buying an old 3 Series when you need to borrow 100% of its value to afford it. There is even more wrong with then spouting the 'yea yea i need to manage my depreciating assets' yarn as some sort of cover :p
 
[TW]Fox;16445829 said:
Nobody here is going to rush out and buy it because you link to it on here. Anyone in the market for a 330i will already have found it anyway.

Wouldnt you rather we had a look over it to see if anything stands out as being a bit dodgy? After all, there is a wealth of BMW buying experience in this forum.

You'll never leave it down if you buy an obvious nail ;)
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LOL that's rich, remember the one you pointed out to me on BMW AUC scheme that I went onto purchase. It had been involved in a smack.

Posting a picture of something/link is not going to tell you anything unless it's damn obvious. ;)
 
thepharcyde said:
LOL that's rich, remember the one you pointed out to me on BMW AUC scheme that I went onto purchase. It had been involved in a smack.
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You mean the one this forum alerted you had been involved in a smack because it had completely the wrong rear bumper!

Posting a picture of something/link is not going to tell you anything unless it's damn obvious. ;)
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It told you something you never spotted ;)
 
[TW]Fox;16447562 said:
You mean the one this forum alerted you had been involved in a smack because it had completely the wrong rear bumper!



It told you something you never spotted ;)
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The car in question had not been involved in a rear collision though. Not something you noted if I recall either.
 
Not really - I honestly cant remember who spotted it or who even found it in the first place (Wasnt it like 4 years ago?) but somebody on this forum spotted the rear bumper, thus demonstrating its useful to have additional eyes on something!
 
[TW]Fox;16447485 said:
Oh not this again, its such a load of rubbish. Unless you've found a way of investing money and returning more interest than a commercial rate loan (In which case well done on finding the unicorn, why not borrow £25k and generate free money) thats a load of crock ESPECIALLY at a pricepoint of just £5k. Besides, I said if the ONLY way you can afford it is on finance.

It PERHAPS makes sense on a high value car where the ease of getting unsecured capital is far less but not on a £5k one.

It's a great car but its one thats going to cost money to keep. It's the sort of car you buy if you've got plenty of cash kicking about and don't mind a decent yet old car sucking a bit of it. It isnt a car for people who need to borrow all £5k commercially simply to buy it.

It's £5k, it's a depreciated asset not a depreciating one. It's not worth enough to lose anything of real value!

I'm not saying dont buy it. It's a decent looking car. I'm saying if you need to borrow in order to afford it, maybe think a bit hard before taking the plunge.

Alternatively spin a load of BS about how its not that you cant afford it, its just that you'd rather leverage synergies for capital aquisition and investment purposes to avoid depreciation on your high value asset stream.
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Easy champ. For someone who claims to like a debate, you're quick to get on the front foot.

The comical lines are well, comical, but you don't have to be a wannabee to understand that the likes of RBS are up 75% since the start of 2010.

You're a clever lad, and you don't need me to explain the returns on the amount mentioned here.

As you say, it's a depreciated asset, and subsequently one that you could be confident of borrowing £5k on (if you can) and know that you can sell it at any time for what it's worth, less the loan repayments made.

As a more everyday scenario, that £5k means a good deal more as a house deposit that it does tie up in a cash car.

From experience, you can be a petrolhead and not have huge savings for a house deposit (& lets face it, who'd admit to being a renter? :eek:)
 
Best we all take a £25k unsecured loan out and invest it in RBS eh :)

Or we could realise it isn't a garuanteed return and most normal people won't do that.

You completely missed my original point anyway - which was if the ONLY way you can afford it is via a 100% loan, buy something else. Clearly if you have £10k in a savings account but would rather invest that in RBS then a loan isn't the ONLY way you could buy a 9 year old BMW is it?

IMHO 'I dont tie up my cash in depreciating assets' is a phrase for people who took finance and for some bizarre reason want everyone to think they had a pile of cash kicking around, honest. No idea why, it's not as if finance used correctly is a bad way to buy a car anyway, so its nothing to be ashamed of, but I doubt many of those who trot out that line on here are succesful part time stockbrokers who'd rather have the cash available to buy shares with, its a convenient cover story for something they perceive would otherwise be seen as a weakness.

Generally speaking for 99.9% of the population, there are no easily accessible investments that return interest rates greater than those applied to a commercial loan or car finance package. If there was you could create a perpetual moneymaking machine by borrowing £10k, investing it, earning £1k profit and paying back the loan ;)

Nothing wrong with wanting a car you don't have all the cash available for - but everything wrong with stretching yourself with a 100% loan for a car you wont have the cash reserves to maintain properly. As I said - if the ONLY way you could afford...
 
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Best we all stop talking ******, have 2 swift large ones, and wish the OP well :)
 
[TW]Fox;16447514 said:
Drop the finance buzzwords, it's a 5 grand 9 year old 3 Series not a nearly new Jaguar XF. There are no synergies to leverage for improved capital position here - it's a cheap BMW.

Do you take out loans on your TV to manage the cost of that asset as well?

Clarification: There is nothing wrong with the use of vehicle finance to purchase a car. There is everything wrong with buying an old 3 Series when you need to borrow 100% of its value to afford it. There is even more wrong with then spouting the 'yea yea i need to manage my depreciating assets' yarn as some sort of cover :p
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Finance buzzwords? I was under the impression I was chatting to an educated business graduate?

The cheap BMW is still 10 times the cost of a cheap TV.

Cover implies a defense? Why on earth would a decision need to be defended on t'internet?
 
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