Originally Posted by username79
This is stupid. First, we keep moving the 3 series up and up in value. It's actually probably about 45-50K for the 335. Second, a single person making 75K can easily afford $500/mo in a car payment, invest wisely, max out their 401K, save for the holy grail of life in this thread - a down payment on a home (
), rent in a decent place, and still have money left over to blow on nice clothes and food.
Not sure how that doesn't equate to 'afford'.
Outside of StyleForum, where everyone is a closeted homosexual, take pictures of eachother's $700 shoes during circle jerks, live exclusively in rental studios in NYC, and only work as analysts in 2nd tier investment banks, $100-125K is actually the range for top end professional salaries in the United States. Someone making 75K in their early twenties is doing REALLY well and will be making 100-125K (or more!) by 30. They can afford a 3 series.
I'm willing to challenge this statement. Part of the issue is that the OP is in Boston, which is not an inexpensive place to live. If he were making $75,000 in Omaha, he could easily afford the 3 series.
But, on $75,000, he's looking at take-home pay of ~$4,250 a month. If he really wants to scrimp / live with roommates in a shitty neighborhood / etc., he can probably pay as little as $1,250 for fixed-cost living expenses (rent + utilities). He's going to contribue $500 a month to his 401(k) to maximize his employer match (though he will still be way
short of 'maximizing' his 401(k) limits). Day-to-day living expenses are probably $1,000 a month, minimum. So he's left with $1,500/month of 'disposable' income.
What's the 335i going to cost? $500 a month in lease payment. $300 a month in parking. $200 a month in insurance. $100 a month in gasoline (that's 1.5 fill-ups these days).
So that leaves him $400 a month in other disposable income, with which he needs to buy other capital items (electronics, clothing, furniture, etc.) and save money to build an emergency cushion. The bottom line is that, sure, he could probably sacrifice a lot to lease
a new BMW. Whether that's worth it or not is up to him.