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So, F10 drivers, what is your gross income?

40K views 269 replies 71 participants last post by  getz 
#1 ·
Just kidding... :D
 
#3 · (Edited)
I'm homeless.

I used to be a billionaire and had a collection of over 700 exotics. However, I owned an Investment Bank, and some rogue trader went crazy and bankrupted my Firm and I ended up on the streets.

Fortunately I have a super hot secretary who I repurposed as a call girl, and I was able to pimp her out for $30, then went to the local casino on the Indian Reservation, and while gambling the $30, I won $500.

I then went to a gun shop and traded the $500 for a gun. Then I happened to be walking down the street, when some former trader from my bankrupt bank is driving by in a brand new 550i. I couldn't let that stand, so I pulled the gun, stopped the car. Pulled the bastard out, killed him, and took the car.

Then I heard some other bastard is getting an M5 next week, so I'm planning to jack him too.

Gross Income = I eat what I kill.
 
#4 ·
My income is pretty gross all right....
 
#8 ·
No, but you should definitely include all those checks you got from Nigeria.....

:rofl:
 
#7 ·
Not too get political or anything, but gross income means nothing these days.
After your medical deductions, dependent care, FSA's, you are left with adjusted gross from which 8% goes to pay current retirees on SS, 30% or more to uncle Sam and the remaining to BMWFS :)
 
#11 ·
So the car is a year's worth of work?
 
#15 ·
I forgot, is "gross income" before or after my wife gets a hold of the checkbook? If it's after, I make about $37 a week.
 
#16 ·
No kidding...I try to put my wife in her place at times and then she throws on those pumps and skimpy clothes and its no contest....I lose that battle every time :(
She's definitely the breadwinner in my household and I'm the only one working:dunno:
 
#25 ·
Good for you! The dude (F10) offered up his income - I don't see any reason why he/she is lying. Maybe his wife is his "sugar mommy" :D
 
#41 ·
Based on a financial advisory I read, people should spend no more then 10% of their monthly income on a car payment(s). So at 60K a year, this is $500 a month max. So over five years this is about a 30K car at today's interest rates. He is at ~20% assuming he put little down, however, if he is young and single, has no dependents, then why not. When I was in my early 20s, I had a M3 and it was well over my head financially, but I was able to swing it, I loved and enjoyed the car, and it got me laid countless times. So it was well worth the investment. I could have done things differently but at the expense of living. In fact, that purchase helped give me the balls to take bigger investment chances and led me to a better place financially.

IIIF10III, this thread I believe was mocking the "what do you wear on your wrist thread", so don't sweat it. Asking a person for their gross income is a little personal and uncomfortable, even for the richest, and you won't get a straight answer regardless, so your quest is pointless. What's important is that your comfortable with your own finances and make the large purchase well worth the money!!! Congrats and Good Luck!!
 
#63 ·
I think that the number is quite low. A family making $200k a year can spend between $333 and $500 a month on a car? If you make $500k a year you should budget between $833 and $1250? It's impossible to say there is a correct percentage. There is a massive difference in cost of living from one region to another which will completely change how the numbers come out. Personal finances also play a huge roll. A person owns their home outright vs someone heavy in mortgage debt there will have a lot more disposable income...
Stealth is setting a bar that if more people moved in that direction they may find their life (at least the financial part of it) more stable. I'm continually amazed that overwhelming majority consider car payments an integral part of life. When you're younger, drive a car an extra year or two after it's paid off and save something. Later when you walk into a dealership you can just negotiate a good deal and write them a check.
 
#80 ·
S...When you're younger, drive a car an extra year or two after it's paid off and save something. Later when you walk into a dealership you can just negotiate a good deal and write them a check.
I can't imagine ever owning a car, I have been leasing for 15yrs+. While I agree that it is not the best financial decision, I also had a family member die at a young age and the money he saved - went to his funeral expenses.

"Everybody has a plan 'til they get punched in the face" - Mike Tyson

I say live now and enjoy the ride. At some point life will FORCE you to be prudent, fight it as long as you can.
 
#26 ·
It really depends on how much traffic passes by my corner.
 
#33 ·
I wish I could afford an F10. My $80k E70 and my wife's $63k E89 are hindering my dreams! Great advice on here. Perhaps pimping her out, shooting the John's and selling their cars, playing the numbers and letting it ride while I secure my overseas income from uncle Sam might work for me as well. I was totally going about this all wrong. Thanks everyone!!
 
#50 ·
Somehow I think the answers will also be completely false no matter the anonymity.
 
#54 ·
+1. Preach Brother!!
 
#57 ·
I'm on nights now; it's rough.
 
#66 ·
I could never afford the monthly payments on an F-10.

That is why I was forced to pay for it outright. :p
 
#69 ·
So we are supposed to take financial advise from Stealth.Pilot? No offense, but this is a guy who buys a 550 with evey option available, and then decides to sell a year later to buy the M5. Talk about financial suicide. He is going to take a bath on the resale of the 550. Why not just lease the 550 and then buy the M5? Good luck getting your money back for that all leather dash.
 
#71 ·
I would not recommend taking financial advice from a BMW forum. The notion that you even mention such a thing is ridiculous.

However I am not certified to give financial advice so you can ignore my comments at your leisure.
 
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