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-   -   Yes or no (M3 Man) (http://www.bimmerfest.com/forums/showthread.php?t=649533)

eros22 10-02-2012 07:40 PM

Yes or no (M3 Man)
 
Hi M3 enthusiasts! I am a proud owner of bmw m3 coupe 2010. Basically a stock car in white. Nothing extra except a aluminium brush trim on the dashboard and an alarm. Manual transmission of course. I currently have 11,000 miles on the car. Had to replace a vacuum pump and sensor a year ago when the car went into safe mode for the aforementioned failure. Warranty covered that -- thank goodness.

So here is my dilemma? I have paid the car off in full and had done the European delivery. You have to do it once in your life. It is a blast! I do not know how much in general terms it would cost me to maintain the car after the warranty expires next year in November. I can budget and save at least $5,000 for the car every year. Would that be enough? If I started budgeting more, I would take a hit on my lifestyle of traveling that I so love around the world. I have seen 48 countries, but want to see 52 more before I die. So I need money to travel too. :)Like I said I love my car so much. Petrol prices I don't care about. Just would $5000 be enough to maintain and service the car every year? I know it is a very difficult question to answer, but some input would be nice from owners. The car is driven hard on ramps and off ramps and on tight corner and coming out of those corners and going in them. Aside from that, I just drive like a regular driver.

I hate to sell the car? But I do not want to spend more than that every year. Also, I usually will never go over 7000 miles a year. BMW offered me a extended warranty for $5,200 for three extra years and 70,000 miles. And they offered me a maintenance package for three extra years for another $5,000. Seems like a rip-off with the low miles I have on the car? Just need some input from fellow enthusiasts?

I only make $73,000 a year, but with masters I will go up to $78,000 and will keep getting raises until I reach $87,000. Then if get promoted to be a assistant principal (yep, you are right, I am an educator), I can go to $120,000 a year.

I am torn between keeping the car and selling it. I do own a condo. I have a good saving over 100k, but do not want to use that on a car. This was my dream car and even if I was a millionaire, I would still get this car. And no I am not married or have children.

I can do the brakes myself and the tires costing $2000.00 is not a big deal for me because I only drive the car less than 7,000 miles a year. But every time I drive it, I feel I was behind a jet engine on the road. It has a feeling of exhilaration that is priceless to me and the rumble of the naturally aspirated V8 S65 engine is the best sound I have ever heard -- especially in high revolutions per minute.

The car in immaculate and will continue to be with my passion for these cars. I have saved 10 years to get this car.

Need some input or just some common advice.

Warmest regards -- Eros

logicalthought 10-03-2012 05:19 AM

>>I do not want to spend more than... ($5000) every year... BMW offered me a extended warranty for $5,200 for three extra years and 70,000 miles. And they offered me a maintenance package for three extra years for another $5,000.<<

I don't understand your logic here. If you're willing to spend up to $5000/year and BMW is willing to maintain and warranty the car for $10,200 over three years which equals $3400/year, what's the problem? Yes, there may be a minor deductible for the repairs, but this should still leave you well within your budget.

Gor@AcutePerformance 10-03-2012 12:12 PM

^ Agreed, it sounds like you love this car, rightfully so might I add, so why sell it? You're going to hate yourself if you end up selling it so just go ahead and snag the BMW warranty and enjoy the beast in good health

eros22 10-03-2012 04:12 PM

Yes or no (M3 Man)
 
Yes Logical Thought -- you are right. My logic was a bit off with the numbers. But I am not sure if I should get the maintenance package and the extended warranty. Seems like a rip off considering the low miles I put on the car. What seems more like a logic is taking a chance on the extended warranty and the maintenance and budgeting the money if anything does go wrong. Chances are that a low miles will not create many problems, but one serious problem could cost me over 10,000 dollars and that would hurt. So I have a year to decide. My warranty does not expire until November 24, 2013. I can do the brakes myself. That is not the issue. But just because I can budget $5,000 a year does not mean I should pay BMW NA for the warranty and extended maintenance -- they make money off of us and I have a local mechanic that can also work on my car when the maintenance goes out. So input is appreciated.

NASA43 10-03-2012 05:21 PM

The warranty was up on my 08 M3 this past June. I decided to pass on the extended warranty. I have 37k miles now. I am the original owner so I know how the car has been driven and taken care of. There may be repairs needed in the future but I just couldnt see paying over $5k for 3 years of possible problems.

MMME30W 10-03-2012 05:35 PM

+1 for keep.

TeaRex714 10-04-2012 10:08 AM

I'm way past me warranty (154k miles and counting) and I haven't spent much more than $5000 on maintenance (several sets of tires and plugs/brakes, etc at 100K miles) in that time and have had no repairs. You mentioned $2000 on tires... You're either getting the wrong tires or getting them from the wrong place! Even in the 19" size the Pilot Super Sports are under $1300 (shipping included). With mount and balance you're still under $1500 and, with you're not driving that much, a set should last you a good long time. I would keep the car and skip the extended warranties. You'd have to have some really serious stuff break to get near the cost of the warranty and, based on what I've seen reported on this forum and on my experience, the E9x doesn't break a lot. It's a gamble I guess. A few people will have failures and be glad they had the warranty but I think, for the vast majority, it's a waste of money.

rdollie 10-04-2012 12:16 PM

Yes, I just bought a set of 19" Michelin Super Sports for $11xx at Costco and that includes mounting, balance, nitrogen, road hazard. If you go through a dealer I bet you would be out the better part of $2,000 easy though.

Dave 330i 10-04-2012 01:08 PM

You want strangers to offer you suggestions to what you should do in your life? I think you know your life better than anyone here who just read all of your accomplishments. Well, congratulation in being so successful. I'll flip a coin. Head-keep the car, tail-sell the car. OK head came up. Keep the car. Yes, it is a sarcastic response to one who wants others to admire his accomplishments.

Let me see, I own my house outright. I have a BMW. Your M3 is no match to my 997 Porsche Turbo. I have plenty of cash in savings. More assets than I know what to do with. I don't have to work. I visited Germany 10 times. Where should I go tomorrow?

OK, I'm outa here before the rotton tomatoes come my way.

eros22 10-04-2012 01:53 PM

Yes or no (M3 Man)
 
Thanks for all the responses -- especially the last one -- Dave330i. No I was not trying to glorify my accomplishments. I was trying to state that I am not as affluent as most M3 owners would be. But I have worked hard to get to where I want to be and just wanted some feedback as to what other owners have experienced. I frankly don't care how much money any one has. I love to work hard and saving ten years was well worth the effort to have this car. I rather work for my things than "have more money than what to do with it." It is hard to truly appreciate life when you "have more money than you know what to do with it," -- kind of people. Anyway, thank you gentlemen or ladies for all your feedback including the"sarcastic" one -- Dave330i. Enjoy your Porsche Dave330i. You could give it to me for free and I still won't take it. I have more pride "than more money to what to do with it," kind of people who think their car is better than mine. Those are the kind of people that think that the world revolves around them -- while their just a tiny speck on earth. This is a E90 forum and if don't like our cars Dave 330i-- you can go to your Porsche forum. And frankly I could not care what you think Dave 330i. Oh Dave330i, incidently, are you not highlighting your accomplishments? (i.e., own your place outright?) Arrivederci Dave330i! I am sure you are more welcome in the Porsche forum.

Cheers!

Dave 330i 10-04-2012 07:45 PM

Quote:

Originally Posted by eros22 (Post 7113787)
Thanks for all the responses -- especially the last one -- Dave330i. No I was not trying to glorify my accomplishments. I was trying to state that I am not as affluent as most M3 owners would be. But I have worked hard to get to where I want to be and just wanted some feedback as to what other owners have experienced. I frankly don't care how much money any one has. I love to work hard and saving ten years was well worth the effort to have this car. I rather work for my things than "have more money than what to do with it." It is hard to truly appreciate life when you "have more money than you know what to do with it," -- kind of people. Anyway, thank you gentlemen or ladies for all your feedback including the"sarcastic" one -- Dave330i. Enjoy your Porsche Dave330i. You could give it to me for free and I still won't take it. I have more pride "than more money to what to do with it," kind of people who think their car is better than mine. Those are the kind of people that think that the world revolves around them -- while their just a tiny speck on earth. This is a E90 forum and if don't like our cars Dave 330i-- you can go to your Porsche forum. And frankly I could not care what you think Dave 330i. Oh Dave330i, incidently, are you not highlighting your accomplishments? (i.e., own your place outright?) Arrivederci Dave330i! I am sure you are more welcome in the Porsche forum.

Cheers!

No, I don't own any of those things. I was only trying to out accomplish you. I needed all all of them so I don't feel inferior to you. I hope you got the point. Making the decision to sell or keep your M3 does not require your life's accomplishment. By the way you probably the best person to make that decision. Any opinions here should be disregarded.

DJ Scotch 10-05-2012 07:53 AM

Quote:

Originally Posted by eros22 (Post 7113787)
Thanks for all the responses -- especially the last one -- Dave330i. No I was not trying to glorify my accomplishments. I was trying to state that I am not as affluent as most M3 owners would be. But I have worked hard to get to where I want to be and just wanted some feedback as to what other owners have experienced. I frankly don't care how much money any one has. I love to work hard and saving ten years was well worth the effort to have this car. I rather work for my things than "have more money than what to do with it." It is hard to truly appreciate life when you "have more money than you know what to do with it," -- kind of people. Anyway, thank you gentlemen or ladies for all your feedback including the"sarcastic" one -- Dave330i. Enjoy your Porsche Dave330i. You could give it to me for free and I still won't take it. I have more pride "than more money to what to do with it," kind of people who think their car is better than mine. Those are the kind of people that think that the world revolves around them -- while their just a tiny speck on earth. This is a E90 forum and if don't like our cars Dave 330i-- you can go to your Porsche forum. And frankly I could not care what you think Dave 330i. Oh Dave330i, incidently, are you not highlighting your accomplishments? (i.e., own your place outright?) Arrivederci Dave330i! I am sure you are more welcome in the Porsche forum.

Cheers!


After typing all these time "Dave330i" you still didn't get he is joking he drive 330i :rofl:

eros22 10-11-2012 02:02 PM

Yes or no (M3 Man)
 
Oh. I got that he was joking. I just have not had any time to write back. Hey, I can take it if I am dishing it. But usually I first take it before dishing it. :)

All joked aside, I really appreciate all the input I have so far received. Even Dave330i.

Cheers and smile as you go through life -- especially if can hear the beautiful music of the V8 S65 E90 engine or a nice voice of a beautiful woman. :)

Cheers!

Chuck W. 10-11-2012 03:00 PM

The trick to not losing your butt on cars is to keep them for a long time. They depreciate quickly over the first 3 years. Drive it, enjoy it, maintain it and repair it when needed.

RVExotics 10-12-2012 01:04 PM

Ok so I have no business being here other than to occasionally drool at pretty cars, but I just have to ask, what kind of educator are you?? I teach in a public school in Arkansas and I *wish* I was making what you are! Granted this is only my 5th year and Arkansas isn't a very affluent state, but still.

I love teaching, and I love cars. Probably a little too much on the latter, as I've been through...several.....over the past several years. My students seem to enjoy asking me about the cars I drive, because I don't drive anything typically "teachery" and I don't drive anything boring. In fact I recently leased a 2013 MINI Cooper S Bayswater Edition and alternate back and forth between driving it and driving my 1984 classic Mini to school. Both get much better fuel economy than my 328i Coupe did, and though the new MINI isn't anywhere near as beefy or refined as the 328i, it's so much fun I can overlook those things - at least for the next 3 years! At that time I'll be in an even better financial position to get back into a Bimmer, new this time, if I so choose.

Anyway, your decision is your own. You have an amazing vehicle, and one that I would personally love to look out my window and see parked there. Maybe eventually we'll begin valuing education as we should, monetarily, and I'll be able to afford an M3 :)


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