55k Down On a 2011 M3?

Lil'Abbey
Lil'Abbey Posts: 50
edited November 2010 in The Clubhouse
Will they finance the rest you think?

Been doing business in Asia last 10 years so no credit, rating is around 650+ (shrug). Oh ya and there's a little tax lien outta CA.
Heading back to close escrow on a new home in Vegas and need some wheels.

My other option is a used one with 7k miles on it for 62k cash, but not the ideal choice.
Post edited by Lil'Abbey on
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  • mtbeck
    mtbeck Posts: 24
    edited November 2010
    Let someone else take the hit...as long as its what you want.
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  • zingo
    zingo Posts: 11,258
    edited November 2010
    I wouldn't usually buy a new car, but that's just me.
    Jake
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  • sda2mike
    sda2mike Posts: 3,131
    edited November 2010
    650 is not that bad...wheel and deal
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  • ohskigod
    ohskigod Posts: 6,502
    edited November 2010
    thats over half down, I'd be shocked if you didnt get bought on that
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  • cstmar01
    cstmar01 Posts: 4,424
    edited November 2010
    sda2mike wrote: »
    650 is not that bad...wheel and deal

    ha thats funny.

    In this day and age with tighter regs, yeah thats bad, at least from what I've seen by lenders (and I work for one, with us good luck getting a loan on anything even FHA). Check the lenders reqs first with credit score blah blah blah depending on where its coming from exceptions can be made yada yada yada.
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  • Lil'Abbey
    Lil'Abbey Posts: 50
    edited November 2010
    ohskigod wrote: »
    thats over half down, I'd be shocked if you didnt get bought on that

    Even with my dicey credit?
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  • toucanet
    toucanet Posts: 580
    edited November 2010
    If you have that kind of cash to put out for a rapid depreciating auto, I would suggest that you take that cash and try to buy investment property in "Lost in Vegas" (Las Vegas). homes are dirt cheap right now, but will appreciate in the near future.

    Think about your future.

    Just my $.02

    Good luck with your decidion.
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  • Joe08867
    Joe08867 Posts: 3,919
    edited November 2010
    zingo wrote: »
    I wouldn't usually buy a new car, but that's just me.

    I second that. You loose so much just driving off the lot.
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  • reeltrouble1
    reeltrouble1 Posts: 9,312
    edited November 2010
    how about paying your taxes??

    RT1
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  • AudioGenics
    AudioGenics Posts: 2,567
    edited November 2010
    are you buying a 2011 BMW M3 COUPE ?
    what color ?
    what options ?

    Aren't these very new ?
    base price is 58,400
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  • Lil'Abbey
    Lil'Abbey Posts: 50
    edited November 2010
    toucanet wrote: »
    take that cash and try to buy investment property in "Lost in Vegas" (Las Vegas). homes are dirt cheap right now, but will appreciate in the near future.

    Did you even read the OP?
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  • F1nut
    F1nut Posts: 50,475
    edited November 2010
    reeltrouble1 wrote: »
    how about paying your taxes??

    RT1

    Bingo!
    Political Correctness'.........defined

    "A doctrine fostered by a delusional, illogical minority and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a t-u-r-d by the clean end."

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  • Lil'Abbey
    Lil'Abbey Posts: 50
    edited November 2010
    reeltrouble1 wrote: »
    how about paying your taxes??

    RT1

    I pay taxes, just not all of them.
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  • F1nut
    F1nut Posts: 50,475
    edited November 2010
    You do know that RT1 works at the IRS, don't you!?!
    Political Correctness'.........defined

    "A doctrine fostered by a delusional, illogical minority and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a t-u-r-d by the clean end."

    President of Club Polk

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  • Lil'Abbey
    Lil'Abbey Posts: 50
    edited November 2010
    F1nut wrote: »
    You do know that RT1 works at the IRS, don't you!?!

    It was one year of CA taxes. Screw'em
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  • Jstas
    Jstas Posts: 14,808
    edited November 2010
    And people wonder why Collyfornyah has massive, crippling debt loads.

    PA and NJ started throwing people who owed back taxes in jail if they didn't apply for amnesty and make payment arrangements. Maybe Collyfornyah should follow the lead?

    Taxes suck but everybody's gotta pay them. Dunno what makes you so special.
    Expert Moron Extraordinaire

    You're just jealous 'cause the voices don't talk to you!
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  • thuffman03
    thuffman03 Posts: 1,325
    edited November 2010
    Jstas wrote: »
    And people wonder why Collyfornyah has massive, crippling debt loads.

    PA and NJ started throwing people who owed back taxes in jail if they didn't apply for amnesty and make payment arrangements. Maybe Collyfornyah should follow the lead?

    Taxes suck but everybody's gotta pay them. Dunno what makes you so special.

    CA cannot afford the $40k a year it would cost to put someone in jail for back taxes. Plus the cost of the trial. They are better off just to write you off and forget about the money you owe than to try to collect.
    Sunfire TGP, Sunfire Cinema Grand, Sunfire 300~2 (2), Sunfire True Sub (2),Carver ALS Platinum, Carver AL III, TFM-55, C-19, C-9, TX-8, SDA-490t, SDA-390t
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  • mtbeck
    mtbeck Posts: 24
    edited November 2010
    thuffman03 wrote: »
    CA cannot afford the $40k a year it would cost to put someone in jail for back taxes. Plus the cost of the trial. They are better off just to write you off and forget about the money you owe than to try to collect.

    That's assuming that jail time wouldn't motivate people to pay up (which I think it would).
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  • nguyendot
    nguyendot Posts: 3,594
    edited November 2010
    I suggest you pay your taxes like everyone else. You aren't special. Til then, honestly I don't care what car you get.
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  • Ricardo
    Ricardo Posts: 10,636
    edited November 2010
    Pay your taxes. Buy a Honda Civic.
    _________________________________________________
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  • nadams
    nadams Posts: 5,877
    edited November 2010
    I would be more concerned with rebuilding your credit score than dropping a huge chunk of money on a car. You need a daily driver, sure, but you DON'T need a BMW M3.
    Ludicrous gibs!
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  • strider
    strider Posts: 2,568
    edited November 2010
    Buy the M3. Have the interior redone in baby fur seal, sooo soft.
    Wristwatch--->Crisco
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  • tonyb
    tonyb Posts: 32,953
    edited November 2010
    Lil'Abbey wrote: »
    I pay taxes, just not all of them.

    That says all we need to know chief.
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  • polkfarmboy
    polkfarmboy Posts: 5,703
    edited November 2010
    Why dont you buy some decent audio gear instead of a car you fool!!!
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  • Lil'Abbey
    Lil'Abbey Posts: 50
    edited November 2010
    nguyendot wrote: »
    I suggest you pay your taxes like everyone else. You aren't special. Til then, honestly I don't care what car you get.

    I paid into the system for 15 years and still do partially. I've been living out of the country the last 10 or 11... so I only feel a little bad. Good thing my business is recession proof. USA is a great place to vacation, but I wouldn't wanna live there full time
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  • tonyb
    tonyb Posts: 32,953
    edited November 2010
    Nice to know you feel bad about it. So do we, seeing that the one's who do pay taxes will have to eventually foot the bill for your behavior. Whatever it is your selling, keep it.
    HT SYSTEM-
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  • AudioGenics
    AudioGenics Posts: 2,567
    edited November 2010
    just watched the youtube
    BMW M3 E46 CSL with ESS supercharger

    person had their license plate blacked out.........

    http://www.youtube.com/watch?v=2VwWXdFP6ZA
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  • vc69
    vc69 Posts: 2,500
    edited November 2010
    Edit: never mind. Jeez. I must be having a bad hair day.
    -Kevin
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  • nguyendot
    nguyendot Posts: 3,594
    edited November 2010
    Lil'Abbey wrote: »
    I paid into the system for 15 years and still do partially. I've been living out of the country the last 10 or 11... so I only feel a little bad. Good thing my business is recession proof. USA is a great place to vacation, but I wouldn't wanna live there full time

    That doesn't exempt you from paying your taxes. You owe what you owe. You aren't special, you aren't exempt. You basically say you don't feel bad for owing what everyone else owes as well. As stated, we will have to foot the bill for you.

    And for that a big middle finger, because I do pay my taxes, and have been. I don't give two craps how long you owed it for or how long you haven't been in the country, if you owe it, you owe it.
    Main Surround -
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  • Lil'Abbey
    Lil'Abbey Posts: 50
    edited November 2010
    nguyendot wrote: »
    That doesn't exempt you from paying your taxes. You owe what you owe. You aren't special, you aren't exempt. You basically say you don't feel bad for owing what everyone else owes as well. As stated, we will have to foot the bill for you.

    And for that a big middle finger, because I do pay my taxes, and have been. I don't give two craps how long you owed it for or how long you haven't been in the country, if you owe it, you owe it.

    I'm looking into amnesty programs. :smile: But if CA comes knocking, I'll lawyer up and compromise.
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