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Styleforum › Forums › Culture › Fine Living, Home, Design & Auto › Am I crazy for wanting to lease a top-of-the-line 3-series out of college?
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Am I crazy for wanting to lease a top-of-the-line 3-series out of college? - Page 15

post #211 of 228
Quote:
Originally Posted by aleksandr View Post
Nice, congrats, enjoy!
+1. Enjoy!
post #212 of 228
Thread Starter 
Quote:
Originally Posted by phreak View Post


What interest rate did you get?

thanks! I have excellent credit (close to 800), but since it's a 7-year old car, they gave me 7.9%, which is the best i can get.

i have the cash to pay for it outright, but i purposely want to finance it so i can build some credit. im going to pay it off within a year anyway.
post #213 of 228
Quote:
Originally Posted by GreenFrog View Post
i have the cash to pay for it outright, but i purposely want to finance it so i can build some credit. im going to pay it off within a year anyway.

Nothing to do with you, and unrelated to your purchase, but I find this whole concept of having to borrow a little money now so you can get better interest rates when you need to borrow more money in the future (mortgage, whatever) to be somewhat ass-backwards. You crazy Americans.
post #214 of 228
Cool car!

Now please refer to the "BMW Repair Cost Horror Stories" thread
post #215 of 228
Yes...definitely horrifying repair costs. I have an '02 M3 and i'm still in love with the car. Last week, i pumped bad gas and they charged $1500 for fuel pump install etc. Atleast they comped my rental car.
post #216 of 228
Thread Starter 
Do you think an aftermarket warranty is worth it? They have one for 2 years at $2100. BTW, just bought some angel eyes and a CAI
post #217 of 228
Quote:
Originally Posted by aleksandr View Post
Nothing to do with you, and unrelated to your purchase, but I find this whole concept of having to borrow a little money now so you can get better interest rates when you need to borrow more money in the future (mortgage, whatever) to be somewhat ass-backwards. You crazy Americans.

You would be surprised how many people just plain don't pay their bills. It makes sense that a consistent history of on time payments should improve your credit-worthiness. It is unfortunate for someone just out of school with no history, but then again there is something to be said for not getting everything you want right away. We don't all need a 3 series and house when we are 22...
post #218 of 228
They still have "bad gas"?
post #219 of 228
congrats!
post #220 of 228
not sure if that is a great asking price (although you seem to have haggled it down a bit), but that is certainly a great car. 10+ years after it's introduction, the E46 still doesnt look dated. the aftermarket warranty is really just a probability exercise. if you are going to spend $2100+ in repairs over the life of the warranty, then it's worth it. as a single data point, i have a 11 year old 330ci (also my first car after school, woo!) that i've probably put $5000-7000 in out-of-warranty repairs, maintenance, and wear-and-tear replacements into
post #221 of 228
Quote:
Originally Posted by GreenFrog View Post
Do you think an aftermarket warranty is worth it? They have one for 2 years at $2100.

BTW, just bought some angel eyes and a CAI

Aftermarket warranties, unless you are hyper risk averse or w/e, are generally not worth it. They're also known to have *lots* of fine print and stipulations.

Have you researched the CAI much? FWIU they don't enhance power any and possibly raise MPG by 1-2
post #222 of 228
Thread Starter 
Quote:
Originally Posted by phreak View Post
Aftermarket warranties, unless you are hyper risk averse or w/e, are generally not worth it. They're also known to have *lots* of fine print and stipulations.

Have you researched the CAI much? FWIU they don't enhance power any and possibly raise MPG by 1-2

yeah, i know they aren't really performance-enhancing. i mainly bought it for the sound
post #223 of 228
Thread Starter 
Quote:
Originally Posted by HRoi View Post
not sure if that is a great asking price (although you seem to have haggled it down a bit), but that is certainly a great car. 10+ years after it's introduction, the E46 still doesnt look dated.

the aftermarket warranty is really just a probability exercise. if you are going to spend $2100+ in repairs over the life of the warranty, then it's worth it. as a single data point, i have a 11 year old 330ci (also my first car after school, woo!) that i've probably put $5000-7000 in out-of-warranty repairs, maintenance, and wear-and-tear replacements into

That's the thing.. I just don't know how long I'm going to keep the car. Seeing as I won't be driving it much anyway (adding around 5K miles a year). But at the same time, it could easily pay for itself over one repair.

I think I'm going to get one, just for the peace of mind.
post #224 of 228
Good choice. Congrats on the car.

Now, how's the cooling system...?
post #225 of 228
Thread Starter 
Quote:
Originally Posted by Prince View Post
Good choice. Congrats on the car.

Now, how's the cooling system...?

Thank you. Not sure.. How much would a cooling system overhaul cost? I see some kits going for about $300 bucks but I dunno if I could replace it myself.
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