Like someone else had said, enjoy your current car a little more and wait for the M3. If the 335i is that good already, just think how great the M3 will be.

 

I wasn't ripping on you. I was just giving chris some 'good' advice!!

 

Please don't take this the wrong way, but IMO you should seek some financial counseling before you do anything. W/o knowing more about your financial situation, none of us can really do more than opine on which car we'd rather have.

I really don't like financing anything (esp. toys like occassional-use vehicles) other than my house, so all my vehicles are paid for in cash. No, they're not as impressive as an AMG Mercedes or BMW, but no payments are nice. I'm planning to order a C6 Z51 this summer, and it will be paid for in cash.

I question whether you'd really be saving much by trading. You'd prob. recognize a big depreciation hit on the AMG, and then sign up for another big new car depreciation hit on the 335i.

Car dealers love customers who think in terms of monthly payments, b/c that usually makes them easier to screw. First think about whether you want to trade into a lower value (but faster depreciating asset), then if so decide how you want to finance it.

W/o knowing more about your financial situation, the best advice I could offer is to sell either your S2000 or your AMG. Do you really need two toys like that, or are you overextending yourself trying to keep up w/ your friends?

Think about about: $650 per month translates into $162.50/day (used 1x/week), plus insurance, gas, mods, tires, etc. Is a 335i really worth it?

I drove one recently, and though it would be a nice daily driver, but it didn't get me all that excited. No way would it replace the S2000 for fun, and the C6 Corvette kills it for a fun weekend car.

My $.02...YMMV.

 

hahahaha i could never keep up with my friends......their beaters are my wanted cars......... yes ok pay cash for car in full but how much money do you lose thats retarted imo.........you can lose alot more money like that...... like paying 85k cash for new m5 then in 6 months its gonna be 65-70k i dunno i rather pay keep for year or to then get rid of pay cheaper and your not attached

 

You still have to pay for depreciation regardless of whether you pay cash, borrow, or lease!

The biggest advantage of owning your car outright is that you hold the title (good for a quick sale) and have no contractual commitments (like leasing) or risk of being upside down in a loan.

I like making big monthly payments to my 401(K) and employee stock purchase program, not on auto leases/loans.

 

You're not going to edjubacate anyone. We have to live with our priorities. Even though I wish YoYoMa (not YoMaMa) got paid as much as Ashlee Simpleton, capitalism and lack of long term planning is fundamentally American.

It is what it is.

I'm jealous. I grew up thinking that hard work should be correlated with financial success....

These days, I just feel blessed that I love my job, get paid decently, and have the love of my wife and family.

 

Listen to this guy.

 

Yep, that's more important and will bring much more happiness than material possessions! I'm guilty as anyone about obsessing over toys, but my wife brings more happiness than all of mine put together.

 

I know. That's why the CPA and an MBA are in the plans for the next 5-7 years.

I don't expect to earn tons of coin just becase I went to a good college, but I do expect to do a little better than Captain English here with his krauted-out AMG.

 

Just wait a few years and get it paid off. Then you can go and look at new property. Keep it and pay it off.