Heres the thing.......I just bought a brand new M340i Xdrive about 71K dollars brand new fully optioned. I am 55 years old and have a clean driving record my insurance will be about $150 a month. I will be putting down about 45K and financing about 25K at 1.9 finance rate for a payment of about $500 a month for 48 months. OK here is where you have to listen up. If you have kids or a wife or anyone who may depend on you for financial support then you have no business buying a fancy car simply to have fun. If you are able to pay all your obligations and take care of all the bills and simply want to blow money to have some fun then you are ok. My brother has 2 kids and his selfish habits means that his family will go without some things they need because he wants to try to be a big shot. So in a nutshell is your car causing you to take away from people you love or family then you should not have the car. If it is not causing any hardships.....live it up.
Well put. 52YO here. Family of 4, 2 teenagers. Home and rentals all paid off, worth about $4M in the SF Bay Area. I would never ever put cars before my family. If i can’t afford a car in cash quadruple its OTD price, I would not consider it. Just bought my wife a new Lexus NX350h, $52k paid in full. Here high line cars are dime a dozen, where you live is more important.
I hope you are a mechanic and your two brothers are mechanics, and your father is or was a mechanic. Otherwise, leasing this thing was a safer way to enjoy it.
@@SBM200612Yeah, that’s one of my rules. Whatever car I want to buy I make sure I’m able to “touch it.” Meaning, if I can’t easily work on it it’s a no-go. I have a friend who bought an Audi… he hates that thing with a passion. It’s always breaking, and doing most work on it requires an engine out job, or requires that the entire front be pulled out.
I feel you man, I have a 2024 BMW M4 Competition and I pay $1400 a month. With all the options I selected, it came out to just over 100k. I put down 20k, so I'm financing 80. I'm more than good financially to make the payments, but it's still wild. Between my car and the wife's we're paying just over $200 for insurance. Still definitely worth it to me. I've had it for a year and can't get enough of it.
I think creators being honest about their cost of ownership really helps put in perspective for the viewers how hard these high end vehicles are to get and maintain. Makes me even more excited get my own sports car one day. I really want that Camaro SS 💪🏼. Appreciate the knowledge 👍🏼
Depending on your income your car payment/insurance might very manageable. I am old and pay cash for my cars. I have a 2023 ZL1 M6 and a 2015 Camaro SS, I bought brand new. My insurance is 200 a month for both cars. I enjoy your "simulated" driving videos. Merry Christmas and Happy Motoring! I also live in Florida.
I appreciate your honesty, I subscribe to a lot of the well-known car youtubers, but you, young man, is by far one that I will keep on following. Listen, I used to walk in dealerships and buy cars right off the showroom floor and experiencing that rush just can’t be explained. However, I too lost everything due to many factors but was able with the blessings of my GOD to stabilize a new beginning. I’m back with a better understanding of money, wealth, investing, and priorities. House, 1 car, no car payment, couple streams of income, and looking forward to retirement…and most of all having the freedom to go, stay, eat, take days off, share…and the most important thing of all…to give to my family spiritually and financially. Like one well known car Utuber say… you got to keep on the grind…Your approach to this thing has great potential…keep on you grind young man…
I was curious what people are paying for new BMWs these days as I haven't bought a new one in twenty years. I still drive my 2000 323ci and 2004 330i ZHP and I still love them!
See the thing is just saying your car payment is not the full story. What would give people better insight is how much you put down, did you trade a car in for the bmw? Did you lease or finance? If so, what term? Leasing? 36 or 48 months. Financing 36 months? 60 months? 72? What Apr did you receive? What was your credit score when you got the car….when did u buy the car? What year?these things give a better picture and can help others in terms of having a more realistic baseline as to what cars cost n what it takes to drive them….
Nothing wrong with having expensive things just be prepared to pay for it. As long as you take a heads down approach and make your payments every month enjoy your M550 Brother life is to short to drive boring cars.
I like to know how much others car payments are to see if they are higher/lower than mine. I pay $597/mo. for my 2016 Golf R 4.25% 5yr $0 down $32k purchase price
2023 genesis g70 sports prestige 3.3t. $57,000 car. $810 car payment ($5k down) $100 car insurance. I have a wife and a 21 year old daughter i still support. I pay for her new car along with insurance and pay for her college. I also put $2k min a month into savings. So yeah i always get nice cars every 3-4 years as i am addicted to always having a nice new car lol. Its a very expensive addiction but i have the means to do so. But i always make sure finances for my family are taken care of before all else.
I'm 29 and only pay $150 a month for insurance, currently own a 2011 M3 Wagon and a 2021 Jeep Trackhawk fully paid off. Anyone paying a few hundred a month for insurance is not doing it correctly, and if you are older than 50 paying a few hundred you are getting scammed. Oh I got to add, I have a huge speeding ticket on my record with jail-time as well.
No one will listen but I drove a Honda in college and kept the same car. I invested that money working afree and only worked 8 years in my life and retired. All that money on an expensive car, insurance, maintenance etc probably costing 40 years of work in the future. Honda Accord manual, decent space, no payments, no maintenance cost besides battery, oil changes, tires, good on gas, just cheap liability insurance which is $30 a month. No stupid subscriptions, fancy clothes etc. Now I’ve got all the time to live, no alarm, no rush, no stress of work, commute. You’re trading your life (life is basically your limited time here the only valuable currency that matters is time) for a car. Guess what a job does, it’s bad for your health and takes your time.
I clicked to watch the video being nosy, lol. Your car is nice! My 2025 BMW 330 is $722 a month and we planned on paying it off by December 2025. I think it's great on gas because I don't go nowhere, lol. I just run errands in style! New subscriber!!
Main reason i subscribed to this channel is because i want a m550i just wafting for cheaper prices lol. Love the content bro, I'm the one who asked you about more videos regarding reliability maintenance etc.
I watched because I genuinely wanted to know. 😂 My Lexus is paid off now but I notice that when a lot of people make videos about buying a new car or their dream car, they aren’t transparent on their financing. I’ve seen countless comments of people asking for the details. Maybe the person is inspired and asks but most say they don’t feel comfortable - which btw is their business/choice. I think it depends on the person. I don’t disclose my salary but some people will volunteer theirs to me. 😂
What made me click on it is seeing you losing money, and seeing you struggle and work 7 days a week for a depreciating asset. Car is a money pit. Economy is weakening, so will your business, broke people are spending too much money and have too much debt. I want you to live debt free, dont give your money away to the banks and dealers.
If you can afford these type of vehicles and need to street race and want to keep doing it and not mortgage your future financially, then more power to you. If not, sooner or later you will need to re-prioritize.
People want to know your car payments because they don't know the price you paid, the terms of your financing, and the amount of your down payment. If they had these things, then they could solve for your payment.
Bro U have to get into real estate I just got my M550i my payment is 750 instead of paying full cash i just use the money and bought another property and my cash flow is 750 lol house pays for my car note. but great question hope this helped you
Sick intro man. Car payments are relative to income imo, I don't think that your combined car payments + insurance should be more than 10% of the household income, so if you're clearing $15k a month, then im all for it brother. If you're only making 6k and spend 2k on the car a month, that's stupid. If you're investing less a month than your car payment+running costs, thats stupid. If youve a sick car but rent in the hood, thats stupid. You get the point
I just got 2025 BMW 550e $0 down for $1265 I only lease because I’m a business owner and can take advantage of the tax break. Will be in a M5 in 2 years 😛
I think it’s fine. I recommend everyone buy a new car at least once, and another, and another until you get it out of your system or it bankrupts you, whichever comes first. Thankfully, I got one of the last BMWs before they became over complicated and unfixable so I wouldn’t want a new one even if it were free.
I just bought a BMW X4 40i B58 engine for 26K It;s nice. It is way fast and comfortable. I like a Sport SUV because I am older and I want ease of entry. My first car was a BMW in 1971
there is really nothing wrong with having car payments as long as you can make the payments every month without missing one payment. all these folks say get a cash car and drive until the wheels falls off. well some of us aren't that lucky for a car to do that. I have paid off 3 or 4 vehicles just making the regular payments. so get what you want as long as you can sustain it
I got a story for you. I bought a used 2003 Porsche 911 around 10 years ago, turned into a money pit. It cost me $15k cash. I remember having my hard earned cash in one hand, and my cell phone in the other. Should I call the guy or invest it all into Bitcoin. I bought car. That was the dumbest decision I ever made in my life. I could have bought 10 Bitcoin at the time. Do the math, Bitcoin is $93K today. That’s $930,000.00. I could have bought a super nice new Porsche 911 today, and had $800k left over. Do yourself a favor, sell that car and invest in the stock market. With patience in a few years, you can get the hottest car of your dreams, and walk in an pay cash. You are still a young man. Think about it. Good luck to you! 🎉
not bad at all bro. I pay 1,685 for my Trackhawk payment. Its just part of the game. I realized its level to this shi*. to some people our car payments are laughable. to some our payments are outrageous. As long as it works for you, thats all that matters. Having your dream car makes you stay ambitious and hungry though. Cause u never wana go back only forward
Insurance is so bs when I lived in nyc 21 years old clean record I was paying 650 a month for a Honda accord not even a bmw ! lol now that I live in Ohio I pay 200 a month which is still expensive but way better then 650
@@Raeeban also, dealer said it was not certified even if at first they said it was. I think they changed their mind when I rejected almost all of their optional upsells lol
Let me leave a comment for all the idiots and financial "experts" in the comment section. Nowhere in this video does it say I cannot afford my car. Most of you have short attention spans or probably just look at the title or watch halfway and started to make assumptions. I didn't lose money because of the car. I lost money because a source of income was lost (as indicated in the video). Not only can I still pay for my car, I am a content creator and I make income from these videos. Also, someone pointed out that the fact that I said I can't stop working is what gave the impression I can't afford my car. No fam, I can't stop working because I want more, always will. Hate less, take notes.
Unc the real reason why I clicked on your video is because I am a car enthusiast, but I am 17 years old and I also have a nephew and I want to be that cool uncle with a clean Beamer, but I want to pay the car in full. I also wanna get a house and dirt bikes, quads, jet, skis, and a trailer , I also love the 550 I and I know if I do mods to the car I can smoke M3’s M4, and M5, once I turn 18 ima get the cdl and bust my ass of and I also want to help my mom with the house here in Idaho and with her other house in Mexico I just want to say thank you for letting me know how much money your paying and same with insurance but I want to pay the car in full no loans or down payments just my hard earned money but it’s gonna be hard cause ima bust my ass off so hard I just wish money wasn’t so hard to get but I want to invest the money as will it’s just hard cause I really love those cars and thank you for letting us know how much it cost for a down payment, much love from Idaho twin falls❤🎉🎉 and drive safe unc I don’t want you to crash that bad boy but I hope this new year treats you and me and other family/freinds will,I want to stack up a shi ton of cash and I love the content unc keep it up💪🏾💯💯🙏
@@yg78t76t7 I'm paying about $150 at 29 years old, I have a 2011 M3 Wagon and 2021 Jeep Trackhawk fully paid off but I live 4 states down from NY. New York is one of the highest places for insurance, then these swimmers are making it worse.
“its fun and worth my happiness” got it all wrong.. what it’s really worth is your mental and peace.. another excuse you used is “this lifestyle gets expensive” it really doesn’t if you don’t let it! IF YOUR READING THIS FOCUS ON YOUR MONEY MANAGEMENT SKILLS!!!!!
Being a car enthusiast and being financially irresponsible are two different things. You assume that because I don't think like you I'm not a car enthusiast? Lots of financially smart enthusiasts.
Why couldn't you keep the reply in your same thread lol. makes it hard to follow the convo. But anyway, My point is, based on your original comment, your advice is good generic advice, however, it does not apply to me or would help me in any way as you are not ware of several factors not mentioned in this video. a $1200 car payment to YOU is insane based on your priorities. To me, it's fine based on my total income. Also did you watch the whole vid, I don't have issues making the payment for the car
After having 2 car payments from previous cars actually cheap first car $150 , second car was ,285 a month I’ll say I’ll never get a note again even tho it was cheap imagine that money saved in a hysa or in stocks or crypto 😂😂😂 if I can’t pay cash I ain’t buying it
I was like that at one point... Then i realized i can travel every single month, get bad 304s and still have money left over. Every single month. After about 3 months of a new car, i get bored and feel regret... Now i ebike to work, if i want a fly wip for a weekend.. Turo.. I also spend all the extra money on Buying fly tech for my house. If i didn't feel like doing anything or buying anything, just save that extra money. Not forced to make a payment. Don't get me wrong, i love cars, but i love money and 304s more😂
I'm a content creator. My cars make me money from the several RUclips videos on my channel. Even if I was not a content creator, I would still buy the car :). Only REAL lovers would understand. Thanks for your feedback! =)
My credit score was over 700 and no, it was not a ripoff. My deal was pretty decent. Also, there are a lot of factors that affect payments (down payment, post/pre covid, extras, etc. don’t ASSume
The thing is, for $500, I won't have the car I want. If you are not a car enthusiast like me, I don't expect you to understand, and that's ok. Also, I make money back from my several RUclips videos on the car (FYI). But good feedback, thanks!
Damn fool 😂😂😂 Throwing money away !!! You might not feel bad paying $1200 plus insurance for a new car how are you gonna feel pay $1200 a month for an old car when it gets old 😮😂😂😂😂
After having 2 car payments from previous cars actually cheap first car $150 , second car was ,285 a month I’ll say I’ll never get a note again even tho it was cheap imagine that money saved in a hysa or in stocks or crypto 😂😂😂 if I can’t pay cash I ain’t buying it just throwing away money there’s a new car every year 😂
Car Payments on ALL 5 of My Cars: Past and Present: ruclips.net/video/K8TOG96O5Vc/видео.html
Heres the thing.......I just bought a brand new M340i Xdrive about 71K dollars brand new fully optioned. I am 55 years old and have a clean driving record my insurance will be about $150 a month. I will be putting down about 45K and financing about 25K at 1.9 finance rate for a payment of about $500 a month for 48 months. OK here is where you have to listen up. If you have kids or a wife or anyone who may depend on you for financial support then you have no business buying a fancy car simply to have fun. If you are able to pay all your obligations and take care of all the bills and simply want to blow money to have some fun then you are ok. My brother has 2 kids and his selfish habits means that his family will go without some things they need because he wants to try to be a big shot. So in a nutshell is your car causing you to take away from people you love or family then you should not have the car. If it is not causing any hardships.....live it up.
Well put. 52YO here. Family of 4, 2 teenagers. Home and rentals all paid off, worth about $4M in the SF Bay Area. I would never ever put cars before my family. If i can’t afford a car in cash quadruple its OTD price, I would not consider it. Just bought my wife a new Lexus NX350h, $52k paid in full. Here high line cars are dime a dozen, where you live is more important.
Simply put: don't buy it if you can't afford it. Crazy how, for a certain demographic of people, that mundane concept is so difficult to grasp.
I hope you are a mechanic and your two brothers are mechanics, and your father is or was a mechanic. Otherwise, leasing this thing was a safer way to enjoy it.
@@SBM200612 I purchased the extended warranty it takes me to 70k miles. when that car turns to 69,999 miles it gets traded in.
@@SBM200612Yeah, that’s one of my rules. Whatever car I want to buy I make sure I’m able to “touch it.” Meaning, if I can’t easily work on it it’s a no-go. I have a friend who bought an Audi… he hates that thing with a passion. It’s always breaking, and doing most work on it requires an engine out job, or requires that the entire front be pulled out.
I feel you man, I have a 2024 BMW M4 Competition and I pay $1400 a month. With all the options I selected, it came out to just over 100k. I put down 20k, so I'm financing 80. I'm more than good financially to make the payments, but it's still wild. Between my car and the wife's we're paying just over $200 for insurance. Still definitely worth it to me. I've had it for a year and can't get enough of it.
I think creators being honest about their cost of ownership really helps put in perspective for the viewers how hard these high end vehicles are to get and maintain. Makes me even more excited get my own sports car one day. I really want that Camaro SS 💪🏼. Appreciate the knowledge 👍🏼
YW 🙏🏽
Depending on your income your car payment/insurance might very manageable. I am old and pay cash for my cars. I have a 2023 ZL1 M6 and a 2015 Camaro SS, I bought brand new. My insurance is 200 a month for both cars. I enjoy your "simulated" driving videos. Merry Christmas and Happy Motoring! I also live in Florida.
I appreciate your honesty, I subscribe to a lot of the well-known car youtubers, but you, young man, is by far one that I will keep on following. Listen, I used to walk in dealerships and buy cars right off the showroom floor and experiencing that rush just can’t be explained. However, I too lost everything due to many factors but was able with the blessings of my GOD to stabilize a new beginning. I’m back with a better understanding of money, wealth, investing, and priorities. House, 1 car, no car payment, couple streams of income, and looking forward to retirement…and most of all having the freedom to go, stay, eat, take days off, share…and the most important thing of all…to give to my family spiritually and financially. Like one well known car Utuber say… you got to keep on the grind…Your approach to this thing has great potential…keep on you grind young man…
Everyone is free to make their own choice but you can clearly see the pain and angst that that $1,200 payment is causing him and he is an enthusiast.
🤣😂
I was curious what people are paying for new BMWs these days as I haven't bought a new one in twenty years. I still drive my 2000 323ci and 2004 330i ZHP and I still love them!
See the thing is just saying your car payment is not the full story. What would give people better insight is how much you put down, did you trade a car in for the bmw? Did you lease or finance? If so, what term? Leasing? 36 or 48 months. Financing 36 months? 60 months? 72? What Apr did you receive? What was your credit score when you got the car….when did u buy the car? What year?these things give a better picture and can help others in terms of having a more realistic baseline as to what cars cost n what it takes to drive them….
Nothing wrong with having expensive things just be prepared to pay for it. As long as you take a heads down approach and make your payments every month enjoy your M550 Brother life is to short to drive boring cars.
I like to know how much others car payments are to see if they are higher/lower than mine. I pay $597/mo. for my 2016 Golf R 4.25% 5yr $0 down $32k purchase price
So my used Honda isn’t so bad after all
Cash only or I don't buy it. None of these overpriced machines are worth the money.
2023 genesis g70 sports prestige 3.3t.
$57,000 car.
$810 car payment ($5k down)
$100 car insurance.
I have a wife and a 21 year old daughter i still support. I pay for her new car along with insurance and pay for her college. I also put $2k min a month into savings. So yeah i always get nice cars every 3-4 years as i am addicted to always having a nice new car lol. Its a very expensive addiction but i have the means to do so. But i always make sure finances for my family are taken care of before all else.
I'm 29 and only pay $150 a month for insurance, currently own a 2011 M3 Wagon and a 2021 Jeep Trackhawk fully paid off.
Anyone paying a few hundred a month for insurance is not doing it correctly, and if you are older than 50 paying a few hundred you are getting scammed.
Oh I got to add, I have a huge speeding ticket on my record with jail-time as well.
Thanks for sharing! Insurance varies greatly from person to person, state to state, and car to car. What State are you in? Just curious
No one will listen but I drove a Honda in college and kept the same car. I invested that money working afree and only worked 8 years in my life and retired. All that money on an expensive car, insurance, maintenance etc probably costing 40 years of work in the future. Honda Accord manual, decent space, no payments, no maintenance cost besides battery, oil changes, tires, good on gas, just cheap liability insurance which is $30 a month. No stupid subscriptions, fancy clothes etc. Now I’ve got all the time to live, no alarm, no rush, no stress of work, commute. You’re trading your life (life is basically your limited time here the only valuable currency that matters is time) for a car. Guess what a job does, it’s bad for your health and takes your time.
I clicked to watch the video being nosy, lol. Your car is nice! My 2025 BMW 330 is $722 a month and we planned on paying it off by December 2025. I think it's great on gas because I don't go nowhere, lol. I just run errands in style! New subscriber!!
I appreciate the sub! You have that updated iDrive for that year which is a big plus!
Main reason i subscribed to this channel is because i want a m550i just wafting for cheaper prices lol. Love the content bro, I'm the one who asked you about more videos regarding reliability maintenance etc.
Have an M550 right now. Best car I've had to date. Need to get a Remus Exhaust on it ASAP.
I watched because I genuinely wanted to know. 😂 My Lexus is paid off now but I notice that when a lot of people make videos about buying a new car or their dream car, they aren’t transparent on their financing. I’ve seen countless comments of people asking for the details. Maybe the person is inspired and asks but most say they don’t feel comfortable - which btw is their business/choice. I think it depends on the person. I don’t disclose my salary but some people will volunteer theirs to me. 😂
2020 m550
707 payment
200 ins
Upstate ny
What made me click on it is seeing you losing money, and seeing you struggle and work 7 days a week for a depreciating asset. Car is a money pit. Economy is weakening, so will your business, broke people are spending too much money and have too much debt. I want you to live debt free, dont give your money away to the banks and dealers.
😂😂
When did I ever pretend? You’re obviously a troll. I’m not broke, just had to make sacrifices after 1 income source loss. It’s life.
@@NigelDRealest BMW is a money pit, full of plastic engine components, I am trying to help you
I know exactly what is in my car and the reliability to date. I’ve done my research. Your help is not needed
If you can afford these type of vehicles and need to street race and want to keep doing it and not mortgage your future financially, then more power to you. If not, sooner or later you will need to re-prioritize.
People want to know your car payments because they don't know the price you paid, the terms of your financing, and the amount of your down payment. If they had these things, then they could solve for your payment.
Bro U have to get into real estate I just got my M550i my payment is 750 instead of paying full cash i just use the money and bought another property and my cash flow is 750 lol house pays for my car note. but great question hope this helped you
It made me realize I could’ve been paying the same amount as you for a car that’s double the power if I kept my driving record clean
Sick intro man. Car payments are relative to income imo, I don't think that your combined car payments + insurance should be more than 10% of the household income, so if you're clearing $15k a month, then im all for it brother. If you're only making 6k and spend 2k on the car a month, that's stupid. If you're investing less a month than your car payment+running costs, thats stupid. If youve a sick car but rent in the hood, thats stupid. You get the point
I just got 2025 BMW 550e $0 down for $1265 I only lease because I’m a business owner and can take advantage of the tax break. Will be in a M5 in 2 years 😛
I think it’s fine. I recommend everyone buy a new car at least once, and another, and another until you get it out of your system or it bankrupts you, whichever comes first. Thankfully, I got one of the last BMWs before they became over complicated and unfixable so I wouldn’t want a new one even if it were free.
Keep going bro 💪 adapt & overcome🙏
Thanks, appreciate it 🙏🏽
I want an M5, but your videos have me looking into the M550. I have a 540XI and I want more sport in the 5!
The 550 is a great option! 💪🏼
In all reality, the biggest question of them all is what type of job and income a year to be able to afford such expenses...
I just bought a BMW X4 40i B58 engine for 26K It;s nice. It is way fast and comfortable. I like a Sport SUV because I am older and I want ease of entry. My first car was a BMW in 1971
Definitely have to pay to play. Happy Holidays!!
It sure does cost a lot to play lol. Happy Holidays to you too! 🎄
Yep that exact bmw in 2019 cost less than what he’s paying now.
@@Leandre22_02 well obviously. Are you forgetting the economy shift after Covid?
Bro, you’re paying a mortgage payment on the car.
yeah but maybe he's making 30k/month, mortgage is 5k and invests 15k/month
That was a mortgage payment 20 years ago. Now it's 3k.
Pleasure is at times expensive, whatever yours is and is affordable for you, Enjoy..
Couldn't agree more. 👍
there is really nothing wrong with having car payments as long as you can make the payments every month without missing one payment. all these folks say get a cash car and drive until the wheels falls off. well some of us aren't that lucky for a car to do that. I have paid off 3 or 4 vehicles just making the regular payments. so get what you want as long as you can sustain it
It made me feel like I’m feeling great with 2 great paid off cars
I got a story for you. I bought a used 2003 Porsche 911 around 10 years ago, turned into a money pit. It cost me $15k cash. I remember having my hard earned cash in one hand, and my cell phone in the other. Should I call the guy or invest it all into Bitcoin. I bought car. That was the dumbest decision I ever made in my life. I could have bought 10 Bitcoin at the time. Do the math, Bitcoin is $93K today. That’s $930,000.00. I could have bought a super nice new Porsche 911 today, and had $800k left over. Do yourself a favor, sell that car and invest in the stock market. With patience in a few years, you can get the hottest car of your dreams, and walk in an pay cash. You are still a young man. Think about it. Good luck to you! 🎉
stock market is not for me. If you aren’t aware, I make money from these videos. Thanks! 🙏🏽
At this point you could afford a lot of options after✊🏽 enjoy the time in the M5
It's a beautiful vehicle so enjoy it. Just keep things in perspective
I clicked cuz I want to see a high car payment
not bad at all bro. I pay 1,685 for my Trackhawk payment. Its just part of the game. I realized its level to this shi*. to some people our car payments are laughable. to some our payments are outrageous. As long as it works for you, thats all that matters. Having your dream car makes you stay ambitious and hungry though. Cause u never wana go back only forward
Couldn't have said it better myself! Thanks!
Insurance is so bs when I lived in nyc 21 years old clean record I was paying 650 a month for a Honda accord not even a bmw ! lol now that I live in Ohio I pay 200 a month which is still expensive but way better then 650
Jeez I’m paying 344 for 3 cars in Cali and I’m 21 . Nyc should be ashamed
@@jaysrt21
Exactly lol I'm paying 150 for two cars including a BMW, I'm 29
1k a month and 250 insurance - 2020 m550i. Hurts to be paying this much for a m lite tbh.
Did you buy the car brand new off the lot?
Nah, used
@ what?? How much miles did it have ? It had to be a certified preowned
@@Raeeban 20k
@@Raeeban also, dealer said it was not certified even if at first they said it was. I think they changed their mind when I rejected almost all of their optional upsells lol
@@NigelDRealest yeah that low miles are gonna run a little penny , probably around 63k selling price
Thinking about getting one how much to fill it up
down here in Florida, about 64-70 right now with 93 Gas being around $3.59
I tried fighting it before as well. Just doesn`t work.
Let me leave a comment for all the idiots and financial "experts" in the comment section. Nowhere in this video does it say I cannot afford my car. Most of you have short attention spans or probably just look at the title or watch halfway and started to make assumptions. I didn't lose money because of the car. I lost money because a source of income was lost (as indicated in the video). Not only can I still pay for my car, I am a content creator and I make income from these videos. Also, someone pointed out that the fact that I said I can't stop working is what gave the impression I can't afford my car. No fam, I can't stop working because I want more, always will. Hate less, take notes.
Unc the real reason why I clicked on your video is because I am a car enthusiast, but I am 17 years old and I also have a nephew and I want to be that cool uncle with a clean Beamer, but I want to pay the car in full. I also wanna get a house and dirt bikes, quads, jet, skis, and a trailer , I also love the 550 I and I know if I do mods to the car I can smoke M3’s M4, and M5, once I turn 18 ima get the cdl and bust my ass of and I also want to help my mom with the house here in Idaho and with her other house in Mexico I just want to say thank you for letting me know how much money your paying and same with insurance but I want to pay the car in full no loans or down payments just my hard earned money but it’s gonna be hard cause ima bust my ass off so hard I just wish money wasn’t so hard to get but I want to invest the money as will it’s just hard cause I really love those cars and thank you for letting us know how much it cost for a down payment, much love from Idaho twin falls❤🎉🎉 and drive safe unc I don’t want you to crash that bad boy but I hope this new year treats you and me and other family/freinds will,I want to stack up a shi ton of cash and I love the content unc keep it up💪🏾💯💯🙏
Overall, would you say you regret it?
Hell nah. With the car is the better evil
22 m550 $1059 / $253 insurance , it ain’t cheap lol
253 insurance is cheap....you're pay paying at least $1k a month for insurance in NYC for a BMW
@ oh naw that’s crazy
@@altimasighting07 it's reality lol...too many people buying these cars and macking them is the reason why
@@yg78t76t7 i got a '22 m340 in NY my insurance is 250 and im under 30 lol
@@yg78t76t7
I'm paying about $150 at 29 years old, I have a 2011 M3 Wagon and 2021 Jeep Trackhawk fully paid off but I live 4 states down from NY.
New York is one of the highest places for insurance, then these swimmers are making it worse.
I had a 430 insurance payment for a while due to points on top of 665 monthly payment
“its fun and worth my happiness” got it all wrong.. what it’s really worth is your mental and peace.. another excuse you used is “this lifestyle gets expensive” it really doesn’t if you don’t let it! IF YOUR READING THIS FOCUS ON YOUR MONEY MANAGEMENT SKILLS!!!!!
I wanted to know to see what average is
24 yrs old.
18' m550i
585$ mo
380$ ins
Mortgage
Should’ve got a mortgage
@ 3 bd condo is paid off
@@nicellis2969 They seem real quiet now lol. Congrats!!
Being a car enthusiast and being financially irresponsible are two different things. You assume that because I don't think like you I'm not a car enthusiast? Lots of financially smart enthusiasts.
Why couldn't you keep the reply in your same thread lol. makes it hard to follow the convo. But anyway, My point is, based on your original comment, your advice is good generic advice, however, it does not apply to me or would help me in any way as you are not ware of several factors not mentioned in this video. a $1200 car payment to YOU is insane based on your priorities. To me, it's fine based on my total income. Also did you watch the whole vid, I don't have issues making the payment for the car
Gotta a 430 Gran Coupe and a C6 Ciorvette Grand Sport insurance $230 per Month
No idea, I dont even own a vehicle.
Well it's deprecating, and it may not last 100k miles.
1200 is bonkers for a BMW that wont last 120K miles
If you can afford it who cares
I'll keep watching because I definitely cant afford the payment lol
Definitely can if you put in the work 🙏🏽
This is a perfrct example of a horrible use of money. Stop flaunting wealth and be smarter with your money .
After having 2 car payments from previous cars actually cheap first car $150 , second car was ,285 a month I’ll say I’ll never get a note again even tho it was cheap imagine that money saved in a hysa or in stocks or crypto 😂😂😂 if I can’t pay cash I ain’t buying it
What’s the song at the beginning of video
Darci - Energy (MRJay Remix) [wave/phonk]
Im thinking of trading my 2015 535 for a 550 thats why I clicked on the video
I was like that at one point...
Then i realized i can travel every single month, get bad 304s and still have money left over. Every single month.
After about 3 months of a new car, i get bored and feel regret...
Now i ebike to work, if i want a fly wip for a weekend.. Turo..
I also spend all the extra money on Buying fly tech for my house.
If i didn't feel like doing anything or buying anything, just save that extra money. Not forced to make a payment.
Don't get me wrong, i love cars, but i love money and 304s more😂
I'm a content creator. My cars make me money from the several RUclips videos on my channel. Even if I was not a content creator, I would still buy the car :). Only REAL lovers would understand. Thanks for your feedback! =)
I can’t stand non M cars with the M badge. lol I pay less for my F90 M5 ($750) a month. Your credit must suck or the dealership ripped you off
My credit score was over 700 and no, it was not a ripoff. My deal was pretty decent. Also, there are a lot of factors that affect payments (down payment, post/pre covid, extras, etc. don’t ASSume
Replying from the uk..Do what makes u happy..u only live once..no use being the richest man in the graveyard..?
Oh what a feeling Toyota, and lasts 300k miles, lol
Tell me, how does it feel being a cuck? HAHAHA
Have you recently researched the reliability ratings of the current generation of BMWs?
$1,200 a month for a car payment is insane. Imagine if you had a $500 payment and saved $700 a month.. you own a rapidly depreciating asset.
The thing is, for $500, I won't have the car I want. If you are not a car enthusiast like me, I don't expect you to understand, and that's ok. Also, I make money back from my several RUclips videos on the car (FYI). But good feedback, thanks!
Damn fool 😂😂😂 Throwing money away !!! You might not feel bad paying $1200 plus insurance for a new car how are you gonna feel pay $1200 a month for an old car when it gets old 😮😂😂😂😂
I’ll probably be in another car before then. Thanks for your “concern” 😂
😮💨
After having 2 car payments from previous cars actually cheap first car $150 , second car was ,285 a month I’ll say I’ll never get a note again even tho it was cheap imagine that money saved in a hysa or in stocks or crypto 😂😂😂 if I can’t pay cash I ain’t buying it just throwing away money there’s a new car every year 😂