Originally Posted By: Nick1994
Originally Posted By: madRiver
Originally Posted By: MCompact
Originally Posted By: dishdude
Wow, 5 pages and no one said you should have bought a Camry/Accord?? What's wrong with this place lately?
All of the eco-weenies, sour grapers,"sensible adults", and hand-wringing bedwetters must be on hiatus.
Thankfully.
Car buying to me is financial and emotional. This one makes no financial sense however incredible emotional sense.
How does this make no financial sense? He got $20,000 off sticker price and $20,000 for trade in on his BMW, he's probably out of pocket only $10,000 for a very rare car. According to Auto Trader there's only 6 for sale in the U.S., add on the work the BMW needed and what it may need in the future he's probably better off financially with a brand new car that has a warranty than he would be with a 14 year old BMW.
I got 12 for trade on the BMW (which was what I was looking for, similar vintage and mileage is worth 14-15 without the repairs mine needed) plus the 20K off sticker.
And yes, I had a list of things that were coming up that needed addressing on the BMW in the near future that includes but is not limited to:
-New driveshaft
-New headlight adjusters
-New evap solenoid (cheap, but a PITA to replace)
-Oil pan kick solenoid (leaking oil, this just started)
-Both front tie-rod ends
-Front brakes
-New rear tires
-Rust repair along the bottom of the passenger side front door and rear door seam
-Variable assist steering sensor
-New thermostat
-Strut bearing
And then of course whatever else it was going to need in the next 12 months. It will probably need a suspension refresh at some point, though at least all the bushings were in excellent condition as were all the mounts (tranny, motor).
I figured at the price I paid for this, with warranty, that I'll actually be spending less money in the next 24 months than I would be putting into the BMW.