I know interesting title. Should this even be a comparison? That isn't really my question
I feel like I have somewhat of a dilemma and your guys opinions and expertise would be much appreciated!
So, I am looking to buy a "new" car (my own money) and wanted to know your guys opinions. I was wondering what route to take.
My options:
A 2010 toyota prius about 40-50k miles for about $20k-$22k CPO.
OR-
A 2006 BMW 325i sedan about 100k-110K miles for about $13k-$14k. NON-CPO private seller.
My parents say I should get the prius, and in all honestly I wouldn't mind driving the prius. It is newer and the thought of saving the environment and gas would make me happy too. BUT, I would much rather have the 2006 bmw over the 2010 prius. I have two side when it come to driving, save gas and the environment or drive in a car with the ability to pass traffic and merge into traffic easily type of driving.
This is what i was thinking, which one would cost more or which one is more worth it?
The prius is about $20k-22k(nav., leather, sunroof w/ solar panels, heated seats.) . my monthly payments would be about $300-$350 a month (down payment about $4k) and the insurance from a cheap company for me is about 700$ a year full coverage.
The BMW (base) that is $12k-14k my monthly payments would be about $160-$220 (down about $4k). The insurance from a cheap company about the same $712 a year full coverage.
So I would save about $130-$160 a month from monthly payments driving the bimmer that I could put toward the more expensive maintenance, repairs, and gas I would be facing with the bmw.
I do drive about 1K a month if that helps.
But I was wondering is that enough to somewhat "even it out" so to speak? Will the bimmer cost much more to own if im already saving about $130-160 a month driving it over the Prius? :dunno::dunno::dunno:
And even after i pay off both cars how much more will it cost to maintain this bimmer that already has an existing 100k miles on it over the prius? but would is it worth it?
Is there anything else I should take into consideration that i have over looked? At least i think i have the bases covered.
The opinions and comments would be appriciated! THANKS ALL!
I feel like I have somewhat of a dilemma and your guys opinions and expertise would be much appreciated!
So, I am looking to buy a "new" car (my own money) and wanted to know your guys opinions. I was wondering what route to take.
My options:
A 2010 toyota prius about 40-50k miles for about $20k-$22k CPO.
OR-
A 2006 BMW 325i sedan about 100k-110K miles for about $13k-$14k. NON-CPO private seller.
My parents say I should get the prius, and in all honestly I wouldn't mind driving the prius. It is newer and the thought of saving the environment and gas would make me happy too. BUT, I would much rather have the 2006 bmw over the 2010 prius. I have two side when it come to driving, save gas and the environment or drive in a car with the ability to pass traffic and merge into traffic easily type of driving.
This is what i was thinking, which one would cost more or which one is more worth it?
The prius is about $20k-22k(nav., leather, sunroof w/ solar panels, heated seats.) . my monthly payments would be about $300-$350 a month (down payment about $4k) and the insurance from a cheap company for me is about 700$ a year full coverage.
The BMW (base) that is $12k-14k my monthly payments would be about $160-$220 (down about $4k). The insurance from a cheap company about the same $712 a year full coverage.
So I would save about $130-$160 a month from monthly payments driving the bimmer that I could put toward the more expensive maintenance, repairs, and gas I would be facing with the bmw.
I do drive about 1K a month if that helps.
But I was wondering is that enough to somewhat "even it out" so to speak? Will the bimmer cost much more to own if im already saving about $130-160 a month driving it over the Prius? :dunno::dunno::dunno:
And even after i pay off both cars how much more will it cost to maintain this bimmer that already has an existing 100k miles on it over the prius? but would is it worth it?
Is there anything else I should take into consideration that i have over looked? At least i think i have the bases covered.
The opinions and comments would be appriciated! THANKS ALL!