Looking to leave Z4 to 3 Series

student101st · 04-30-2010, 04:01 PM

Hi guys, love the support and enthusiam here for BMW's and i share the same.

I bought a used 2005 Z4 about 15 months ago for $22K and rolled $3K Negitive Equity from a Previous auto that was giving me alot of problems and purchased an extended maintenance plan and such for the Z4. With fees and such i owed $28K, which i got down to $23K now. ( i didnt realize i had good enough credit for a new car and the BMW rate of 0.9 or 2.9 - so i got stuck with 11.9 interest and havent really dented my overall balance.

About 3 months into the car, i realized the Z4 is TOO SMALL for me, and since its a MT car, i have to be very very close to reach the pedals for clutch, and my right leg is very cramped, and as the months went on, ive developed re-occuring severe right leg pain and slight joint dislocatement.

Im still upside down on my loan i know this, and i know the -right- thing to do is stay in it and pay it down and off, but i am miserable being so cramped and in pain over extended driving sessions. Instead of buying a beater car to drive and let the Z4 just sit around, i was hoping if taking atvantage of a new demo or retired service loaner would be an option?

I qualified for BMW's new car rate of either 0.9 or 2.9 APR, and im saving up for a sizable downpayment to go with a potential deal, but i hope to find a car out there with a nice chunk reduced for being a loaner , put my downpayment with it and take atvantage of a better interest rate.

Is this a possibility, or am i out of options?

Thanks so much for reading.

2M · 04-30-2010, 04:08 PM

not unless you plan on loosing a lot of money

DJKhan85 · 04-30-2010, 04:25 PM

11.9.....refinance that thing ASAP.

student101st · 04-30-2010, 06:38 PM

Yeah.. I expect to lose money but would i be losing any more money than i am right now? Plus to get this added stress off my leg.

Would it make more sense to re-finace or go for a demo?

2M · 05-03-2010, 04:43 AM

Quote:

Originally Posted by student101st

Yeah.. I expect to lose money but would i be losing any more money than i am right now? Plus to get this added stress off my leg.

Would it make more sense to re-finace or go for a demo?

If it's bothering your leg just get rid of it . Also that 11.9 % is ridiculous ...go for a demo or an 09 leftover..although demos/loaners are beat on

rothwem · 05-05-2010, 05:02 PM

Quote:

Originally Posted by Alpine3

If it's bothering your leg just get rid of it . Also that 11.9 % is ridiculous ...go for a demo or an 09 leftover..although demos/loaners are beat on

The issue is that he cannot get rid of it, since he is upside down on the loan. He would have to pay to get rid of the car.

OP, is there really nothing you can do to adjust your seating position to be comfortable? I find that hard to believe.

mike3000fl · 05-08-2010, 10:53 PM

damn legs

serg1282 · 05-08-2010, 11:25 PM

11.9 is mind-bendingly bad - overall a bad situation to be in and not one that you'll be able to get out of without $$$

04-30-2010, 04:01 PM	#1
student101st New Member 0 Rep 5 Posts Drives: Z4 2005 3.0I Join Date: Jul 2009 Location: Texas iTrader: (0)	Looking to leave Z4 to 3 Series Hi guys, love the support and enthusiam here for BMW's and i share the same. I bought a used 2005 Z4 about 15 months ago for $22K and rolled $3K Negitive Equity from a Previous auto that was giving me alot of problems and purchased an extended maintenance plan and such for the Z4. With fees and such i owed $28K, which i got down to $23K now. ( i didnt realize i had good enough credit for a new car and the BMW rate of 0.9 or 2.9 - so i got stuck with 11.9 interest and havent really dented my overall balance. About 3 months into the car, i realized the Z4 is TOO SMALL for me, and since its a MT car, i have to be very very close to reach the pedals for clutch, and my right leg is very cramped, and as the months went on, ive developed re-occuring severe right leg pain and slight joint dislocatement. Im still upside down on my loan i know this, and i know the -right- thing to do is stay in it and pay it down and off, but i am miserable being so cramped and in pain over extended driving sessions. Instead of buying a beater car to drive and let the Z4 just sit around, i was hoping if taking atvantage of a new demo or retired service loaner would be an option? I qualified for BMW's new car rate of either 0.9 or 2.9 APR, and im saving up for a sizable downpayment to go with a potential deal, but i hope to find a car out there with a nice chunk reduced for being a loaner , put my downpayment with it and take atvantage of a better interest rate. Is this a possibility, or am i out of options? Thanks so much for reading.
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04-30-2010, 04:08 PM	#2
2M Colonel 508 Rep 2,200 Posts Drives: Mineral Grey M2 Join Date: Sep 2009 Location: New York iTrader: (2)	not unless you plan on loosing a lot of money __________________ E9X Picture Game: 8 points: (High visibility jacket; Strip Club; Pizzeria; Sobriety Test; E9x dressed for Halloween, Billiards, Oil Change, Orange Cone)
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04-30-2010, 04:25 PM	#3
DJKhan85 Major 24 Rep 1,190 Posts Drives: 2011 4dr 6mt Golf GTI Join Date: Jun 2009 Location: Boston Massachusetts iTrader: (1)	11.9.....refinance that thing ASAP. __________________ 2011 VW GTI 4dr-6mt-Sunroof-Nav-Xenons OLD: 08 335i AW/CR/Poplar 6mt-ZSP-ZPP-ZCW-iPod-iDrive-PDC-Style 230s w/FK 452-Dinan LSD
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04-30-2010, 06:38 PM	#4
student101st New Member 0 Rep 5 Posts Drives: Z4 2005 3.0I Join Date: Jul 2009 Location: Texas iTrader: (0)	Yeah.. I expect to lose money but would i be losing any more money than i am right now? Plus to get this added stress off my leg. Would it make more sense to re-finace or go for a demo?
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05-08-2010, 10:53 PM	#7
mike3000fl Banned 138 Rep 2,731 Posts Drives: 06 330i Join Date: Feb 2010 Location: Tampa iTrader: (0)	damn legs Last edited by mike3000fl; 05-09-2010 at 08:57 PM..
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05-08-2010, 11:25 PM	#8
serg1282 First Lieutenant 75 Rep 333 Posts Drives: through Join Date: Jul 2009 Location: NJ iTrader: (0)	11.9 is mind-bendingly bad - overall a bad situation to be in and not one that you'll be able to get out of without $$$
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