I have a '97 Corolla with 120k miles on it, the only problem it has now is minor oil and power steering leaks. Anyways I found what looks to be a gem of a 2004 325Ci convertible, one owner with 25k miles on it. I'm really tempted to see if I couldn't finance this BMW. Pros of Corolla -Less expensive repairs -Accessible repairs -Probably won't have any major malfunction for 100k+ miles -Regular gasoline -No car payment Pros of BMW -Very low mileage -One owner -Looks awesome Cons of BMW -Expensive repairs -Dealership fairly far -Monthly car payment -Premium gasoline -Apparently small plastic parts break and are costly to maintain This BMW is an hour and a half from me so I would need to know if I would benefit from buying it. I have the finances to cover it. Maybe someone knows more about year 2000 model BMW's than I? Also here is a picture of it.
Stick with the car you have until something major goes wrong with it. I know the bmw is tempting but just stick with the car you have.
$13,000, not sure on APR, I never went to talk to them. I'm just going to drive my car until the wheels fall off.
It wouldn't send me broke because I'm good with money and I would have the finances to cover it. Also I wouldn't take a variable APR. But it would make money tight.
Why not upgrade to a 2000+ model corolla. Cheap to buy, Cheap to run and cheap to maintain while still building good credit.
No reason to upgrade, my car is ok. Plus, I wouldn't need to finance a 2000 corolla I could probably buy one in cash. I'm getting a credit card very soon, so I'll be building credit within a month or two. I would assume having a credit card and a financed car would build more credit than just a credit card but maybe not.
That's not too bad of a price for the millage. Personally if I was in the market for a beamer I'd hold on to the Toyota until a major issue arises and save for an E90.
financing cars is probably the most ineffective way to build credit. look it up, i'm not just speaking from my ass. nice ride though, if it didn't set you back too much i'd go for the bmw. they are the ultimate driving machines for real.
Stick with the Corolla bro. Maintain it, keep it clean, and it will take care of you. I severely abused my first car, which was a 98 Toyota Camry, change the oil once, didn't touch the trans fluid, didn't check oil levels or coolant, or brake fluid, didn't know brakes or rotors existed, didn't let it warm up before driving, I just drove it basically. And when I sold it, it was running perfectly at 213k miles. Just needed alignment, brakes and interior cleaning. I regret getting the car I have now for $1600, a 94 Toyota Celica, which now has a vacuum leak. I should've just used the money all on my camry and I would've still had it today running fine. Do you really need a BMW? Use that money maintaining a great car you already have. Honestly though, If I were you and could finance a BMW, I would do it, because I am a car enthusiast and act on impulse. But just giving you my own advice that I should've followed myself.
just sayin, given the low mileage on the bmw, you probably won't have to do any major repairs any time soon.
It would be smarter to run the corolla till the wheels fall off. I have experience with buying BMW's and used cars. BMW's are cheap to fix as long as you order your parts off the Internet and do it your self. They are easy cars to repair DIY. I had a 92 325i & a 98 M3 both e36. At the time I was leasing my Nissan Sentra spec v I had the 98 M3 because it was my teenage dream car. I could afford it at the time and didnt care but I wish I saved all that money, on both cars and bought the e43 M3 with a huge down payment and financed it through a reputable credit union with low apr%. I couldve had that car for less than 200 a month back than. Moral of the story is save the money and buy a dope Audi.
If you ask me, you are trading in one of the most reliable cars ever made for a car that will more than likely end up costing you an arm and a leg for repairs. Not to mention the depreciation on BMW's is one of the worst out there. Spend the money on repairing the Toyota and drive it till it dies.
First off your all wrong. A car loan is the best way to build credit, why? Cars depreciate in value quicker then anything else with that hefty of a price. It's a great credit builder. Sent from my iPhone using Grasscity Forum