[rad_thundercat]

This is an interesting discussion

Both points are valid imo, you need to plan to retire comfortably, yet you could also get hit by a bus tomorrow. So we try to land on a spot between those bookends.

We’ve got this take on one end,

I also would aim for 33% of your gross. If you're really a car guy, maybe stretch to 40%. So a decently loaded M240i xDrive after TTL is like $60K, so you'd need to make $150K minimum.

And the other end here,

150k minimum is a comical amount for an M240i xDrive, let's be real. $7500/month take home for a 60k car after benefits/retirement contribution?
Especially if he's living at home, $15k down even @ 60 months is roughly $900/month for financing if he wants the car. It's not like he's going to be struggling to live with 100k gross buying a 60k car.

Personally, I fall just outside of OP1’s algorithm so naturally I’m more biased with OP2. But this is the part I find interesting;

I know it’s more responsible to have a Camry as a daily driver, but if I’m on the hook for working 40 hours a week with high stake responsibilities, I need some sort of offset.

Maybe this is a character flaw, but either way it’s important to be honest with yourself about it. I need to feel the benefits of that labor even if it’s just during the drives to and from work.

[Game]

My dealer just received a loaded '24 Brooklyn Gray/Black M240xi that a customer backed out of. It would come at a solid discount. PM me if interested.

[Blue2]

My M240i has been "ready for transport" for about a month now. How long does this step usually take?

Also, what interest rates have BMW been offering on new cars? I've got a trade in but I'll probably finance the balance and I'm wondering if it's worth going to credit unions instead.

Thanks for any input.

[Racerinlsl]

It is ALWAYS worth getting some rates from outside the dealership before you go in to sign the papers. See what else is out there. Multiple "hard" inquiries on your credit within 30 days from lenders only count as one hard pull, so don't let anyone tell you that you're going to ruin your credit by applying at different places. Check your local credit unions, check bank rate.com, check any banks where you have an existing relationship. In the end, if you have good credit, BMW probably has better rates than you'll find outside, but you need to have a negotiating leg to stand on. I got 5.99% from BMW back in October for a 60 month loan. I had found 6.24% at a local credit union. The dealer initially told me the best BMW could do was 6.99% but they magically got it down to 5.99% once I told them I already had 6.24% lined up. ALWAYS have a competitive offer, as dealerships make money on marking up your interest rate over what's actually the best rate available for you.

Originally Posted by Blue2

My M240i has been "ready for transport" for about a month now. How long does this step usually take?

Also, what interest rates have BMW been offering on new cars? I've got a trade in but I'll probably finance the balance and I'm wondering if it's worth going to credit unions instead.

Thanks for any input.

[slickooz]

Looking to purchase m240 xdrive, built one to be destination & handing it came out to $62,470. I pretty much picked all options minus the active cruise control.

I'm located in NJ, and was wondering is there any wiggle room on the m240i.

[AlexC2er]

Originally Posted by slickooz

Looking to purchase m240 xdrive, built one to be destination & handing it came out to $62,470. I pretty much picked all options minus the active cruise control.

I'm located in NJ, and was wondering is there any wiggle room on the m240i.

Originally Posted by Blue2

My M240i has been "ready for transport" for about a month now. How long does this step usually take?

Also, what interest rates have BMW been offering on new cars? I've got a trade in but I'll probably finance the balance and I'm wondering if it's worth going to credit unions instead.

Thanks for any input.

Took me about a money and a week or so. Just depends on the ship schedule.

[Blazer9547]

In the event it helps anyone, I'll mention that I just put in my order for a pretty decently optioned car and took an offer for $1k under msrp on an order.

[slickooz]

Placed a order and got $2700 off msrp, got leather and ztk package and most add ons. Shopped around locally and they were all playing games.