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E60 M5 (2006 - 2010)

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  #1  
Old 12-03-2014, 01:14 PM
forte` forte` is offline
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Location: L.A.
 
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Mein Auto: e46 330i
Thumbs up How do you afforf an M5?

i will let i be known as we speak, "i am only 19 years old" my first and current car was an e46 330i, Love it and Hate it at the Same time. I have had the car for about 2 years now and ready to move on to an ///M model. i plan on getting either a nice e36 M3 or and e39 530/540 possibly soon sometime next year but what i wanted to know is HOW DO U GUYS AFFORD THESE NEWER ///CARS let along an M5. its always been a dream of mine to have one and as of right now am doing everything i can to make that possible one day. I am Attending the University Of Cincinnati Sociology major and plan on transferring to UCLA for grad school.

I don't want to be in anyone business or whatever but do you mind if i ask whats the base salary i have to make a year to afford an e39 M5 or e60 M5 i will settle for an e46 M3 as wel.
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  #2  
Old 12-06-2014, 10:23 AM
White94RX White94RX is offline
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Location: Atlanta
 
Join Date: Dec 2013
Posts: 417
Mein Auto: E39 540
A solid education, combined with hard work, passion, and determination. That will give you the success required to own an expensive car, not matter what kind.

There is no magic salary number required to buy into the M club.

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2006 E60 M5
2006 E60 525i
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  #3  
Old 12-08-2014, 04:19 PM
M5Fed M5Fed is online now
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Location: Alameda, CA
 
Join Date: Sep 2014
Posts: 130
Mein Auto: 2006 M5 E60
Hard work and save money even if you have to sacrifice...
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  #4  
Old 01-31-2015, 01:01 AM
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07 E63650i 07 E63650i is online now
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Location: Southern California, USA
 
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Mein Auto: 2007 BMW E63 650i
Quote:
Originally Posted by forte` View Post
i will let i be known as we speak, "i am only 19 years old" my first and current car was an e46 330i, Love it and Hate it at the Same time. I have had the car for about 2 years now and ready to move on to an ///M model. i plan on getting either a nice e36 M3 or and e39 530/540 possibly soon sometime next year but what i wanted to know is HOW DO U GUYS AFFORD THESE NEWER ///CARS let along an M5. its always been a dream of mine to have one and as of right now am doing everything i can to make that possible one day. I am Attending the University Of Cincinnati Sociology major and plan on transferring to UCLA for grad school.



I don't want to be in anyone business or whatever but do you mind if i ask whats the base salary i have to make a year to afford an e39 M5 or e60 M5 i will settle for an e46 M3 as wel.

There is no salary requirement to own these cars. You just have to be able to comfortably(means not stretching your budget) afford the maintenance/repair costs along with insurance, etc.

I don't know about the specific costs for owning an M, but I've spent roughly $4,500 in maintenance(includes new tires, no repairs) for my 650i in the last 2 years that I've had her which includes a complete brake job, oil changes, transmission service, front-end suspension refresh, etc. It is worth every penny to me as I find joy in driving such a fine car.

If you can do some of the maintenance work yourself, you will save more money by not paying labor costs, but you shouldn't skimp on quality parts.

If I were you, I'd finish school first, get a job that pays well for you to afford a good-quality(subjective) of life, buy a house, and then buy your car. Always buy the important necessities first. Luxuries can wait and it will be worth it. Hope this helps!
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  #5  
Old 01-31-2015, 01:02 AM
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07 E63650i 07 E63650i is online now
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Mein Auto: 2007 BMW E63 650i
In a nutshell, business before pleasure!
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  #6  
Old 01-31-2015, 04:23 AM
MRCW MRCW is online now
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Location: Central Florida
 
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Mein Auto: Cars and trucks and boats
Many people don't own new BWMs, they just rent them for 36 months or so...

Best to look for a good used one that the renters have already paid allot of the depreciation.

Don't put the cart before the horse... work, earn and then enjoy

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  #7  
Old 01-31-2015, 07:45 AM
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Squiddie Squiddie is offline
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Join Date: Dec 2010
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Mein Auto: e89 Z4, e46 330Ci vert
No kids will do it in the U.S.

(of course no other money eating hobbies either and no expensive place to live in)
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