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BMW 3-Series (E90 E92) Forum
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What do do with my money...
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02-06-2007, 09:39 PM | #23 |
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Get some springs and a short shift kit. Exhaust would be nice too, but XEDE is my vote.
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02-06-2007, 09:44 PM | #24 | |
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So, with a perfectly good and tested product like the PROcede available NOW, why should ppl "wait" for a product like a EVOtech ECU s/w flash (which also has it's cons, being that it's a "chip") if they're currently having "overheating" issues during the testing phase? Heck, ppl can also choose to sit around and wait for a Dinan s/w update for the 335i as well. ...or it could be just "vaporware" too.
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02-06-2007, 11:02 PM | #25 |
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Proceed with PROcede!
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02-07-2007, 08:06 AM | #29 |
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I'm 17. Yes i love the PROcede. It seems like my best option for mods. I think I'll end up goin with it. I just wanna make sure its a product that I will not regret buying (wont mess up my car at all).
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02-07-2007, 08:20 AM | #30 |
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If your 17, save your money for college. There are MUCH better things to spend your money on (or even save for) than mods on your car...
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02-07-2007, 09:33 AM | #31 |
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Holy Crap! 17? Are you a child genious that does computer programming? Or are your parents loaded to the gills? I can't imgine having my car at 17. I feel somewhat guilty now as I have friends not as well off that drive reasonable cars, but look at me like "You can afford that?". I can't imagine what my friends would say when I was 17 driving around in a $45K car.
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02-07-2007, 11:32 AM | #32 | |
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02-07-2007, 11:37 AM | #33 |
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there is absolutely nothing wrong with being rich, they only wish they wouldve been dirving a 335i at this age and as for my opinion...> it all depends on what you want..> do you want to make your car significantly faster, or add exterior components that will make your car more aesthetically pleasing? IMO the xede is the best hp -per dollar you can get, many,many people are pleased with it... at this point I would not get something stupid like a short shifter and dont listen to the stupid prick who thinks hes funny telling you to put flames on your doors. Ive been saving and finally reached $1300, and now its time for me to get my Xede You should consider it aswell
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02-07-2007, 11:45 AM | #34 |
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Jealous... No... Just older. Your viewpoints change as you age. You go to college. Or maybe start your own business. Maybe get a Master's, PhD, Law degree or Medical degree. You get married. You might have kids. You make plenty of money to buy a 335i. Then you realize you like your 335i, and you don't want to add things that make it look more like a suped-up Honda Accord. Through living and trial and error you learn what you like and don't like. Most of the guys/gals are saying that you'll probably be happier adding the Xede/Procede than cosmetic changes. They also know how hard they've worked to get where they are, and know the value of a dollar. They're opinion is that $45K is a lot of money for a 17yr old to spend on a car. Some of us are middle class, some upper-middle and some are very wealthy. Those that are very wealthy obviously can spend money any way they want (they have lots of it). Those of us who don't have a money tree in the back yard have different viewpoints than wealthy 17yr olds. No criticism here, just trying to give a more experienced viewpoint. All of us were 17 once, maybe just not a wealthy 17-yr old. Have a good one. Enjoy your car.
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Any man who can drive safely while kissing a pretty girl is simply not giving the kiss the attention it deserves. ~Albert Einstein
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02-07-2007, 11:48 AM | #35 | |
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02-07-2007, 12:22 PM | #36 |
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ok can we move past the rich kid comments? Yea, so im 17 and im getting a very expensive car and my family is relatively well off. We got that out. Just so you know, my dad didnt just come home one day and say "Hey. Maybe ill buy my son a 50k BMW." I had to work for it. And when my dad said that he would buy me a 335, i wasnt about to turn that down ..... at all. I'm sure none of you would either.
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02-07-2007, 12:31 PM | #37 |
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Good for you. To be honest, if I could buy my son a nice car I would. I just was explaining the other viewpoint. Back to the point of thread. Have you driven a car with 350HP and 390ft-lbs torque? I haven't. I do have a 335i. I love the power. I wouldn't mind a little more. For $1300 there is no upgrade anywhere besides the Xede that can get you those improvements. (at least that I know of)
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02-07-2007, 12:35 PM | #38 | |
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dont know if anyone said this in this thread yet, but your friend is a donkey! a new "shifter" over 350whp and 390wtq? get the Xede brotha, you wont be disapointed! p.s i didnt read this whole thread. |
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02-07-2007, 12:44 PM | #39 | |
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Hopefully this thread is a hoax and you aren't really 17. If it isn't a hoax, then you have touched a nerve with me, hence this post. I am completely appalled at the lack of financial knowledge by the younger generation. The fact that you have purchased a new $45k car is very disturbing to me and illustrates my point. First, a little background about me so that you understand where I am coming from and why I am qualified to talk to you on this topic. This is not a boast, I just want you to understand that I know what I am talking about. I grew up on a farm in the midwest and started with nothing. I started my first company at age 15 and paid my own way through college, the MBA program, and the Ph.D. program while simultaneously running businesses that I created. I have started and sold eight or so businesses so far. I am a Professor of Finance at a private University. I have a Ph.D. in Finance as well as an MBA. I also own several companies, numerous pieces of rental property (about 20), and other investments. Last year I made over a million dollars by following the advice that I give below (which allows me to be comfortable, but I am still just a rounding error to a lot of people ) But, the point is that *I* made my money, I didn't inherit it. Thus, I speak from experience. I teach because I enjoy it and I feel that I make a difference, not because I must in order to pay my bills. I have taught Finance to thousands of college students so far. Now to the point, I am completely APPALLED at the state of knowledge about financial matters by most people, the younger generation in particular. I regularly get students with thousands (or tens of thousands) of dollars of credit card debt, loans for new cars, student loans, etc. When I ask how they intend to pay for it, they either have no idea, or they say that they will repay the money after they graduate and get a "good" job. The reality is that it takes most students more than 10 years to catch up with the debt they accumulate from the college years and many people never recover. The odds of getting that "great" job and becoming wealthy while working for someone else are extremely remote. It is simply not in a company's best interest to pay you more than is necessary to keep you, so they don't. The key to becoming financially secure is PASSIVE INCOME. You must have investments that pay you when you aren't there. If you only get paid when you physically work, then you are following the wrong strategy. You must write a book, start a company, invent something, buy rental property, or do anything that makes you money when you aren't there. You must use other people's time and other people's money. Buying a $45k car at age 17 is a terrible start. That car at 10% interest, financed for 60 months will cost you: N=60, I=10%/12, PV=45,000, FV=0, PMT=> $956.12 per month, plus insurance (likely to be high at 17), plus expenses. This means that you will pay $12,367.02 just in interest on that car. Plus, IntelliChoice estimates the five year cost of ownership of the 335 at $46,276. The average car loses 12% of its value in the first year alone. In short, a car is not an investment. It is a very expensive toy that most 17 year olds have no business owning. You should be focusing on things that BUILD your future, not hurt it. Now consider an alternative. Last week, I found three duplexes in the midwest where the owner wanted out. I am purchasing them for $80,000 using $8000 of my money. The payments on that loan are $773.72 per month at 10%. The duplexes rent for $400 per month each, for a total of $2400 per month. So, this investment *makes* $1,626.28 per month (less a small amount for repairs, insurance, etc.) after paying its payments. So, the point that I am making is this: An investment like the one listed above provides the cash flow for you to purchase a new BMW whenever you like and places you on the path to financial freedom. If you are fortunate and your parents gave you the money for the car or you inherited it, congratulations. However, that doesn't change the point that you should only be purchasing expense cars AFTER you have a financially secure future. Invest your money instead of blowing it. [/rant] (my apologies guys...) |
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02-07-2007, 12:45 PM | #40 | |
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02-07-2007, 01:04 PM | #41 | |
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By the way, I know the Xede costs alot of money, but If i was you id get the pussy magnet. how much?????? very nice. err wait nvm, if your not getting some major punani in that car at 17 yrs old you are either gay, a sociopath, or uncontrollably ugly. |
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02-07-2007, 01:13 PM | #42 |
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Generally good advice, although I don't know why you wouldn't put down at least 20% on those duplexes.
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02-07-2007, 01:18 PM | #43 | |
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Silver 335 Red Leather/MT/PP/SP/CW/NAV/CA HAS ARRIVED!!!
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02-07-2007, 01:36 PM | #44 |
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Wow, from asking what to get for his car to getting a life lesson on investments!?
When I was 17 I had bought my own car. I bought a brand new Audi A4... bought it with my own hard earned money from being a pro skater.... I blew my money on stuff I wanted, and still made the right moves. when your in your teens you want to have some fun! since then I have stop skating due to injuries and now have a career. I am just turned 25, have a 700k house in Huntington beach and have 3 cars of my own. 05 Audi A4, 07 A4 and 07 BMW I don't know what you consider younger generation but if you have noticed a lot of "younger" people are making some loot these days.... shoot my friend just turned 21, bought a new build home in Irvine CA, and bought a brand new M5... and he is young also. I am actualy impressed with what "younger" kids are doing these days. 21 and owning your own home? unheard of about 5-10 years ago! your 17 and have a nice car, who cares if your parents are rich and bought it for you and who cares if you bought it yourself.... have some damn fun, and just make the right decisions! now go spend that 1300 on your car! |
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