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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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Old 07-17-2012, 01:06 PM
coolhydro coolhydro is offline
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New College grad : Looking at used 335i coupe

Hello all,

This is my first post!, I am looking at buying a used 335i coupe from a dealer (for Finance) but have few concerns.

- I am looking at a 2007 or a 2008 335i, my budget is around 30k. So I am concerned about the maintenance since it will be out of warranty (less chances of CPO).

-How much will I be spending on maintenance per six months on an average if not under warranty?

- Can I buy additional coverage after buying the vehicle?

- I am also looking at the g37 coupe as well but I loved the 335i's drive feel.

Thank you all!!
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Old 07-17-2012, 02:22 PM
haskindm haskindm is offline
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The best advice that I can give you as a new college grad is, buy a car for which you can pay cash. Let yourself get started before saddling yourself with car debt. I know you don't want to hear it, and you probably will ignore it, but one day you will realize that it was good advice.
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Old 07-17-2012, 02:33 PM
JimD1 JimD1 is offline
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My advice is similar. I would wait if at all possible until you know for sure how much money you have to spend. I took out a car loan once I had a job but didn't really know what I would be spending on everything else. I survived but I would have been better off to drive my old car for a year.

Repairs to a BMW a few years old could be next to nothing or thousands of dollars. The latter is not probable but could happen. BMWs are not cheap to own from the standpoint of taxes, or insurance, or maintenance. You can get at least aftermarket warranty coverage later but it may or may not cover what happens to the car.

If you are convinced you have the money you might also consider a newer 328 or 128i. You should be able to get one of them with a little time left on the original warranty. They are not as fast but are nice cars. As you know, you could buy a nice family sedan for the same money and have cheaper and less maintenace too.

Jim
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Old 07-17-2012, 03:12 PM
coolhydro coolhydro is offline
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Jim and haskindm, thank you for your advice! I understand the problems of having debt, but I am OK with taking a finance.
I don't have any money saved with me right now but I got a good job in the tech industry and shelling out ~600-700 wouldn't be a problem for me.

I feel a new car is a very big investment, at this point because I am not ready to shell out 45+k... but then again there is warranty factor that comes with it.

Also, I got some advice from my professor that the max I can spend on a car shouldn't exceed 30% of my gross annual salary. For me, 30% of 97k that I make should be able to get me a good used car.

Thanks!
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Old 07-17-2012, 03:24 PM
SuperTerp SuperTerp is offline
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I don't know what part of the tech industry, but if its defense at all they're about to have a bombshell dropped on them (thanks world for not starting wars with us ).

335i hands down is my advice I'm not outta school and have one (granted my situation blows the norm out of the water), but as someone else said you may luck out like some of the guys here and jb4 it and not have a problem beyond standard maintenance, or you could buy it and as someone else here just got with a new e90 the ac stopped working lol.

My ballpark if you can stand shelling out 1-3k in the first 4 months get yourself an insane gift for graduating and getting a good job (you won't be disappointed) if 1500 makes you wince in pain stay away from a 335i for now.

IF you are still here and are going to get one best BEST advice get as much research on the car as possible. PPI, Internal service report, test drives, exc.

Last edited by SuperTerp; 07-17-2012 at 03:29 PM.
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Old 07-17-2012, 03:33 PM
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I'm not sharp on specific pricing for the 335i coupe but the sweet spot for a nice used BMW is 2 years old / about 20,000 - 25,000 miles giving you 2 more years of factory warranty and maintenance (think brakes).

This way you get to know the car for 2 years and then decide if you want to keep or trade and can make the extended warranty decision just before the OEM runs out.
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Old 07-17-2012, 03:37 PM
coolhydro coolhydro is offline
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@Superterp, 1500 thanks for the idea! but 1500 is a bit high with the current salary

@Laser, Your's is by far the best advice I got, I will search for a 2009 0r 2010 with warranty left..
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Old 07-17-2012, 03:50 PM
SuperTerp SuperTerp is offline
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@Superterp, 1500 thanks for the idea! but 1500 is a bit high with the current salary

@Laser, Your's is by far the best advice I got, I will search for a 2009 0r 2010 with warranty left..
Laser is correct if you can get two years of warranty that shoud give you plenty of time to stockpile repair funds or find another option.

I have a year left of fix it for free, and then two years of major stuff going which will cost me 50 bucks per trip. Now with me possibly getting 10+k in dinan work done I might find out if my turbos go dinan will say TS and BMW could say TS pay the full amount.

Last edited by SuperTerp; 07-17-2012 at 03:51 PM.
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Old 07-17-2012, 03:50 PM
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If maintenance is a concern you should stay away from cars that cost more to fix than others. That goes for MB, Lexus, Audi, Acura, BMW, Land Rover...etc, etc. Their parts and labor rates will be significantly higher than buying an economy car.

It will be very difficult to determine what YOUR average maintenance and repair bill will be per 6 months. Sure, you can find averages, but remember that every average has a standard deviation usually not listed. It's not the average that hurts people, it's going a StdDev above the average that makes people pull their hair out.

Also, I think you misunderstood that professor. I never heard of anyone telling you to spend 30% of your gross annual salary on a car. Housing is by far your largest expense, so that means you have already 60%+ of your salary tied up in a car and home. That doesn't sound very comforting to me! If I add up both cars and the house I don't even reach 30% of my annual gross salary. Maybe I'll head over to the Maserati dealer on my way home from work.
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Old 07-17-2012, 04:01 PM
SuperTerp SuperTerp is offline
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If maintenance is a concern you should stay away from cars that cost more to fix than others. That goes for MB, Lexus, Audi, Acura, BMW, Land Rover...etc, etc. Their parts and labor rates will be significantly higher than buying an economy car.
I think people just like to wrap their heads around it, and maybe he's just trying to determine his risk tolerance for it.

I'm honestly more intrigued with what kind of service I'll get when repairs pop, if BMW and my CA's, don't seem interested in making a quality effort in helping, I'll cut a check drive it on down to carmax then stroke a check for a c63/is-f. They have a big enough file on what we've spent on cars they should go an extra mile then the guy who brings his carmaxed 328i in.

Last edited by SuperTerp; 07-17-2012 at 04:02 PM.
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Old 07-17-2012, 05:02 PM
gjimmy gjimmy is offline
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I picked up an 09 335i sedan with low miles (15700) for just over 30 7 months ago. Good deals can be found. If you are worried about maintenance and costs why don't you lease? You will get a brand new car for less/month than a new car and won't have to worry about maintenance or anything like that.

Something to consider...
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Old 07-17-2012, 05:54 PM
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you may wanna call your insurance company but my 335i coupe was more expensive than my 535i. What? I don't understand it, they have the same engine and the 535i was a more expensive car, by 15k . I also live one of the densely populated areas in the country, full of immigrants driving with no insurance, plenty of crime, destroyed streets, and Lindsay Lohan lives near me too.
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Old 07-17-2012, 07:44 PM
WaxComb WaxComb is offline
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Out of school and with my first real job (2004), I financed a new G35 sedan (32k purchase price + taxes, license) using the new college grad program (essentially as a new college graduate you get the prime rate). I kept that car for 6 years until I moved to Germany. The only silly thing I did was putting nothing down, but meh I was young.

In all honesty, you can do the math - do what you think is right. I too am working in the tech industry, and I never had a problem with the car expenses with my "entry level" salary.

Now I just did what you did and bought a 2008 335i last year. If you can handle 2k for four tires and maybe have a couple grand budgeted per year for other costs, then you'll probably be fine. When I had my G35, I never haggled with my SA (which I probably should have done a few times) and suddenly dropping 1.5k wasn't a big deal (brakes and rotors on that car were great but wore quickly... ala BMW).
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Old 07-17-2012, 07:48 PM
WaxComb WaxComb is offline
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Also regarding maintenance, I just replaced my mechatronic sleeve and ATF pan and that was covered under CPO (which is a $50 deductible) at 52k miles... not sure of the cost out of warranty...
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Old 07-17-2012, 07:50 PM
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Quote:
Originally Posted by coolhydro View Post
Jim and haskindm, thank you for your advice! I understand the problems of having debt, but I am OK with taking a finance.
I don't have any money saved with me right now but I got a good job in the tech industry and shelling out ~600-700 wouldn't be a problem for me.

I feel a new car is a very big investment, at this point because I am not ready to shell out 45+k... but then again there is warranty factor that comes with it.

Also, I got some advice from my professor that the max I can spend on a car shouldn't exceed 30% of my gross annual salary. For me, 30% of 97k that I make should be able to get me a good used car.

Thanks!
30% of your gross annual salary for a car sounds VERY high. This is NOT correct!
Start Googling for things that can go wrong (repair costs) for the 335i and do your homework. CPO warranty would be advised.
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Old 07-18-2012, 08:26 AM
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Originally Posted by pointandgo View Post
30% of your gross annual salary for a car sounds VERY high. This is NOT correct!
Start Googling for things that can go wrong (repair costs) for the 335i and do your homework. CPO warranty would be advised.
My guess is he's referring to some suggesting that the most you should ever have in debt payments is 30% of your annual gross salary. Often when applying for loans, particularly home loans, the lending company does not want to push you above 30% of your gross annual income.

I guess you could spend it all on cars.
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Old 07-18-2012, 06:10 PM
J808 J808 is offline
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I would wait for a great deal on a 2010 or 2011. I just got a steal of a deal on a 2011 335i with msport prem pack harmon kardon bmwassist and comfort access with 6700 miles on it for $35000. My payments are below $700 for it. and lots of factory warranty and service.
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Old 07-18-2012, 07:01 PM
agbasher agbasher is offline
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As a long-time wanna be e90 buyer, posts like this about a great deal on a 335 M-Sport anger me. I've done enough research and lost out on enough cars to conclude this poster is fabricating. '11 335 with M-sport? Really? With AWD? Umm, no!
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Old 07-18-2012, 07:57 PM
J808 J808 is offline
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As a long-time wanna be e90 buyer, posts like this about a great deal on a 335 M-Sport anger me. I've done enough research and lost out on enough cars to conclude this poster is fabricating. '11 335 with M-sport? Really? With AWD? Umm, no!
i never said it has awd. honestly im picking it up today. Just got it. Watchout who you calling a liar. Obviously you don't do enough research and are ignorant.

http://www.jnexotics.com/used/BMW/20...2363f28fb5.htm
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Old 07-18-2012, 08:13 PM
SuperTerp SuperTerp is offline
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i never said it has awd. honestly im picking it up today. Just got it. Watchout who you calling a liar. Obviously you don't do enough research and are ignorant.

http://www.jnexotics.com/used/BMW/20...2363f28fb5.htm
also didn't say it had navi or cw package I think its a little high/ inline with current pricing given it doesn't have awd/navi. Still a great car though
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Old 07-18-2012, 08:17 PM
J808 J808 is offline
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also didn't say it had navi or cw package I think its a little high/ inline with current pricing given it doesn't have awd/navi. Still a great car though
yup doesn't have cw pack or awd or navi. All things you don't need on a Hawaiian Island.

would have liked navi for ipod control but oh well.

Thanks i hope i love it.
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Old 07-18-2012, 10:34 PM
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I'd wait a year and drive something cheap in the mean time. Right after graduating, I bought my roomate's old jeep for a case of beer and put around 1k total in it to keep it running for a year.

Without a car payment and modest living expenses (as well as living single) I was able to max out my 401k and my roth and still save up for a car. Now, I'm getting married and wedding expenses have driven me into looking at non-BMW SUVs for the future wife until she is finished with graduate school (starting medical rotations so we need a 2nd vehicle). At that point, once she starts working, I expect the European Delivery bargaining chip to play its hand in return.

Anyways, after a year of work I bought my 530i which I paid about 50% in cash up front because at that time used car interest rates were averaging around 6%.

So my advice would be to save up before buying and make sure you get something with at least a year of warranty on it. I found a bunch of small things such as a malfunctioning window motor, cracked exhaust hanger, and leaking washer fluid reservoir which would have cost me about $1400 total at the dealership if it wasn't for the warranty.

In terms of maintenance, keeping the CBS indicators happy and ensuring you have good tires will probably average just above $1k per year when you are out of warranty. If you change all the other fluids, replace worn seals, and do reasonably spaced oil changes then maintenance is probably closer to $2k per year on average.

Congrats on the graduation and the job - now just don't be an idiot w/ that nice salary.
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Old 07-18-2012, 11:50 PM
breakdirt916 breakdirt916 is offline
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it's his money, let him figure it out on his own

at the very least, he needs a car regardless, and will build credit as a new grad, and the interest rates are low...and $97k is an excellent starting salary for a new grad

30% is a lot to pay for a car, but hey, motorsport enthusiasts have their priorities different than most people...
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Old 07-19-2012, 12:05 AM
coolhydro coolhydro is offline
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@SuperTerp, WaxComb: Thanks for you advice

@dwlink : Thank you very much

I will keep you posted on my search!

Thanks all
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Old 07-19-2012, 04:19 AM
SuperTerp SuperTerp is offline
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If you're sticking with it, which @ 97k if you have a good grasp on what living expenses/insure/cell/exc., will be I wouldn't hesitate to spend 30-40k.

Reason I say that is my living expenses wouldn't touch that remaining amount even after tax.
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