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E90/E91/E92/E93 (2006 - 2013)
The E9X is the 4th evolution of the BMW 3 series including a highly tuned twin turbo 335i variant pushing out 300hp and 300 ft. lbs. of torque. BMW continues to show that it sets the bar for true driving performance! -- View the E9X Wiki

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  #1  
Old 05-09-2009, 09:19 PM
casper casper is offline
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What do I buy? Sedan or coupe?

Hi, I am a BMW evangelist, I have had at least 14 BMWs in the last 20 years, but this year, even though my personal finances are OK, I have some real estate investments that are worth 25% of buying price, I am negotiating with banks doing short sales, in the meantime, my credit is bad, and even though I have had at least 10 leases with BMW FS, all paid well and right on time, and still have one on a 2008 550i, BMW will not give me credit, not even on a pre-paid lease.

So, until my real estate investments show zero balance (could be 2 months or 8 months); I am forced to buy cash.

So, my wife's SLK lease is up in 6 weeks, and I need to buy a replacement, I am looking into a new or CPO 3 series, planning to use it until my credit is back, what model will be easier to unload (sell) in the short term with minimal loss? A sedan or a coupe? New or CPO?>>

>>
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  #2  
Old 05-09-2009, 10:10 PM
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GarySL GarySL is offline
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That's funny, you've owned that many BMWs and your asking us a question?

I say the heck with re-sale value & buy the car your wife will like. She will be happy & I think that's more important.

GL
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  #3  
Old 05-10-2009, 05:02 AM
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louie1 louie1 is offline
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Quote:
Originally Posted by garysl View Post
that's funny, you've owned that many bmws and your asking us a question?

I say the heck with re-sale value & buy the car your wife will like. She will be happy & i think that's more important.

Gl
+1
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  #4  
Old 05-10-2009, 07:51 AM
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MrBones MrBones is offline
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Why are you getting another bmw when your credit is bad and your investments are sh*t? How do you know the real estate properties will ever recover?
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  #5  
Old 05-10-2009, 08:57 AM
Aaric Aaric is offline
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CPO definately. Let somebody else eat 50% of the resale the first two years. I'd guess that a sedan would be easier to offload.

That being said, buying a new (to you) car when you have bad credit and seriously depreciating assets really sounds like a bad idea. You probably should look at buying out the SLK, assuming its well taken care of, and your wife likes it: even though the smart/responsible thing would be to buy a used econo-box (06 Civic maybe) to get you through the rough times.
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  #6  
Old 05-10-2009, 09:23 AM
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armoredsaint armoredsaint is offline
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Quote:
Originally Posted by casper View Post
Hi, I am a BMW evangelist, I have had at least 14 BMWs in the last 20 years, but this year, even though my personal finances are OK, I have some real estate investments that are worth 25% of buying price, I am negotiating with banks doing short sales, in the meantime, my credit is bad, and even though I have had at least 10 leases with BMW FS, all paid well and right on time, and still have one on a 2008 550i, BMW will not give me credit, not even on a pre-paid lease.

So, until my real estate investments show zero balance (could be 2 months or 8 months); I am forced to buy cash.

So, my wife's SLK lease is up in 6 weeks, and I need to buy a replacement, I am looking into a new or CPO 3 series, planning to use it until my credit is back, what model will be easier to unload (sell) in the short term with minimal loss? A sedan or a coupe? New or CPO?>>

>>
tell me your secret, how do you buy cash?
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  #7  
Old 05-10-2009, 09:33 AM
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carve carve is offline
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The sedan, being more practical and cheaper to insure, will probably be slightly easier to sell.
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  #8  
Old 05-10-2009, 11:14 AM
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DrGP DrGP is offline
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These are the questions you need to ask yourself. How often do you have rear seat passengers. Do you ever need to have a 5th passenger. Is styling important. Do you want grey poplar trim. If you answer "often" to the first 2 questions you are better off with a sedan. If you answer "yes" to the questions 3&4, you should consider the coupe.(providig you answers to the first 2 questions was not often). BTW, the overall driving experience of the Coupe and Sedan are pretty much the same although the chassis of the coupe is somewhat more rigid.
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  #9  
Old 05-10-2009, 01:35 PM
casper casper is offline
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Quote:
Originally Posted by GarySL View Post
That's funny, you've owned that many BMWs and your asking us a question?

I say the heck with re-sale value & buy the car your wife will like. She will be happy & I think that's more important.

GL
I always lease, now I have to buy a 3 series until my credit is back and I can lease what I want.
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  #10  
Old 05-10-2009, 01:37 PM
casper casper is offline
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Quote:
Originally Posted by MrBones View Post
Why are you getting another bmw when your credit is bad and your investments are sh*t? How do you know the real estate properties will ever recover?
Whose investments arent sh*t these days? Real estate properties are being dumped at 25% of purchase price, being negotiated with bank.
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  #11  
Old 05-10-2009, 01:40 PM
casper casper is offline
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Quote:
Originally Posted by Aaric View Post
CPO definately. Let somebody else eat 50% of the resale the first two years. I'd guess that a sedan would be easier to offload.

That being said, buying a new (to you) car when you have bad credit and seriously depreciating assets really sounds like a bad idea. You probably should look at buying out the SLK, assuming its well taken care of, and your wife likes it: even though the smart/responsible thing would be to buy a used econo-box (06 Civic maybe) to get you through the rough times.
I have been monitoring CPO prices and I can't find the 50% depreciation, 2007 328 and 335 are going for about 20% to 25% depreciation over a new one, it almost makes more sense to buy a new one.
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2001 530i sport auto
2001 X5 sport auto
1999 740il auto
1996 540i auto
1995 M3 manual
1991 525i auto
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1981 320is sport manual
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  #12  
Old 05-10-2009, 01:43 PM
casper casper is offline
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Quote:
Originally Posted by armoredsaint View Post
tell me your secret, how do you buy cash?
Because I have cash, my personal finances are normal, I am still making same income, the problem is with some investments where property values are 25% of what they were in 2005. I do not have enough cash to cover that depreciation, but enough to buy a car, I am not ready to take the bus yet.
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2011 550i Msport
2010 335i Conv Sport auto
2008 550i Msport auto
2004 545i sport auto
2003 Z4 3.0 sport auto
2001 530i sport auto
2001 X5 sport auto
1999 740il auto
1996 540i auto
1995 M3 manual
1991 525i auto
1987 325is sport manual
1982 320is sport manual
1981 320is sport manual
1979 320is sport manual
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  #13  
Old 05-10-2009, 01:44 PM
casper casper is offline
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Quote:
Originally Posted by carve View Post
The sedan, being more practical and cheaper to insure, will probably be slightly easier to sell.
Great, this is what I am looking for, sedan will be cheaper to insure and easier to sell. Is what I tought.
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2011 550i Msport
2010 335i Conv Sport auto
2008 550i Msport auto
2004 545i sport auto
2003 Z4 3.0 sport auto
2001 530i sport auto
2001 X5 sport auto
1999 740il auto
1996 540i auto
1995 M3 manual
1991 525i auto
1987 325is sport manual
1982 320is sport manual
1981 320is sport manual
1979 320is sport manual
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  #14  
Old 05-10-2009, 02:02 PM
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c41006 c41006 is offline
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Id say just buy a new 3 coupe and keep it
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  #15  
Old 05-10-2009, 02:04 PM
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DrGP DrGP is offline
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Quote:
Originally Posted by carve View Post
The sedan, being more practical and cheaper to insure, will probably be slightly easier to sell.
How much cheaper can the sedan be to insure? $50/year? I would believe that it would vary from different insurance companies
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  #16  
Old 05-10-2009, 02:58 PM
neapolitan neapolitan is offline
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Wow. I would say coupe vs sedan is the least of your worries, but don't feel bad at all; my credit score at all three bureaus is above 800 and my bank is still giving me crap requiring a letter basically saying I won't be fired from my job in the next two years for a minor (IMHO) transaction.

However, it does sound like you are dangerously overleveraged if you do not have the ability to just buy the BMW cash and you are dealing with this kind of expensive stuff. I'd approach a private (non-BMW) bank (that is what I did) and just buy the thing with a ridiculously low LTV, say put 50% down and finance the rest. You will have a monthly payment at or below the lease, and own the car in a few short years (so you will never be in your current situation), and you'll always own enough of the car that the bank won't be worried.
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  #17  
Old 05-10-2009, 03:16 PM
DemiGuru DemiGuru is offline
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Quote:
Originally Posted by DrGP View Post
How much cheaper can the sedan be to insure? $50/year? I would believe that it would vary from different insurance companies
Oddly enough my 335i E90 is cheaper to insure than my previous car SAAB 9-3 Aero.
Your guesstimate is actually correct.
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  #18  
Old 05-10-2009, 05:40 PM
shag shag is offline
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Buy a wagon.
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  #19  
Old 05-10-2009, 08:28 PM
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hpowders hpowders is offline
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Get on the wagon!
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The E90 sedan is the last in the line of great 4 door 3 Series BMW's. Too bad.

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  #20  
Old 05-10-2009, 10:53 PM
Peregrinus Peregrinus is offline
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Quote:
Originally Posted by casper View Post
Because I have cash, my personal finances are normal, I am still making same income, the problem is with some investments where property values are 25% of what they were in 2005. I do not have enough cash to cover that depreciation, but enough to buy a car, I am not ready to take the bus yet.
I have a 328i I need to get rid of - trade you for a highrise condo in Miami
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  #21  
Old 05-11-2009, 07:26 AM
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furby076 furby076 is offline
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If you only plan to keep the vehicle for a short period of tiem why not buy her something cheap - like not a BMW? Buy her a 2006 honda civic. Hell buy her a Ford. YOu anyway plan on offloading it. Ford is giving away amazing deals and since they are actually doing well you should not have a problem offloading it.

YOu'll save money no the car, the insurance, and won't take a big hit on the loss. For 4 months of car don't go crazy on spending.

Just my opinion. Other then that 4 door is easier to get rid of. CPO will make it so you take less of a cash loss, but check to see if the CPO warranty is transferrable to the third owner
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