Another 328i question, this time for a 16 year old
#31
Cycle Savant
iTrader: (5)
A BMW for a 16 year old is of course doable, but it isn't the wisest choice.
Insurance is the thing that people should always be aware of. $300 a month for a car note is not bad. $500 a month for insurance is definately not good! I know of a lot of younger drivers who are paying that much for a BMW or Lexus...
To decrease insurance costs for a teen driver, it is best to meet three things:
a) four-door sedan
b) V4 or I4 (naturally aspirated upon purchase)
c) lots of safety features such as airbags, ABS, vehicle stability, etc.
The Bimmer definately meets two of the three cost-saving criteria. However, expect insurance to double because it is a luxury car, and it does have an I6.
If all should be fair, let the 16 year old pay for insurance alone. They'll soon realize that a car note and gas is not the main money hole -- it's the insurance!
Insurance is the thing that people should always be aware of. $300 a month for a car note is not bad. $500 a month for insurance is definately not good! I know of a lot of younger drivers who are paying that much for a BMW or Lexus...
To decrease insurance costs for a teen driver, it is best to meet three things:
a) four-door sedan
b) V4 or I4 (naturally aspirated upon purchase)
c) lots of safety features such as airbags, ABS, vehicle stability, etc.
The Bimmer definately meets two of the three cost-saving criteria. However, expect insurance to double because it is a luxury car, and it does have an I6.
If all should be fair, let the 16 year old pay for insurance alone. They'll soon realize that a car note and gas is not the main money hole -- it's the insurance!
#32
I don't think insurance is a huge problem. More importantly, rates have to deal with the risk level of a particular vehicle. A 4 cyl RSX is one of the most expensive vehicles to insure out there, and for good reason.
FYI: when asking for a quote from our insurnace company, a used BMW would have cost less to insure than a new Honda Civic sedan.
FYI: when asking for a quote from our insurnace company, a used BMW would have cost less to insure than a new Honda Civic sedan.
#33
He has had zero issues with it other than the recalls. Yes, has to add oil every now and then and does not get great mileage, but as I said, HE LOVES THE CAR!!!!
#37
Of course, not everything in life is about money (provided you have it ), so if you think that you can afford and are willing to buy this BMW 3 at the end of the lease, go ahead. Good luck!
#38
Lexus Test Driver
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wow, thanks for all the responses, didnt expect that many. anyways, i was thinking about it today and the rx-8 sounds like a blast to drive, but it could just be me, i think it looks a little bit girly. some other cars ive been thinking about are the audi a4, 350z, and wrx sti. out of them i think the z looks the best but i know it will be the least favorite of my parents.
I hear what some of you guys have been saying about keeping the sc for a little while. I know this is sad but litterally i think about cars (and girls) all day long. there is not one minute honestly im not thinking about what type of car to get, how to pay for it, all the specs, everything! Its pretty much my life and I honestly wouldnt mind (in highschool anyways) dumping all my money in a car, i would actually prefer that.
A question about leasing though: is it going to be a lot more per month to own it?
my dad likes leasing because he considers it delaying the decision. he says you can make the payments on it and at the end just pay the final amount in cash, or give it back if you dont like it, but you should just buy and then sell privately b/c dealers will give you a good deal on what you've already had. i understand though for someones post that at the end you have to refinance if you dont wish to pay in cash and you want to keep it, so i guess i see how it could be bad there.
next, insurance wouldnt be that bad, because it would go on my moms plan, and i would be a secondary driver. on her highlander that she used to have i wouldve been 1400/year(granted thats not a bmw, but still).
is this correct?im paying about 2000 a year for liability now, so i think it would remain the same with collision.
does anyone know if i have to be a primary driver on one car, so people cant get away with this?
im reading c&d right now and it actually has a comparo of the cars i was talking about, what are the chances? it says the rx8 is not loud and that it guzzles gas like a private jet. im guessing this is because of the 9000rpm redline? plus its rwd and has lsd, so thats cool. i guess i would prefer the 350z, but the bad part is no back seat... sometimes i need that space (the extremely tiny space) in my sc. thats what i love about the new improved audi tt. thats a great looking, fast, 4 seater coupe. could never afford it though probably. anyone know of great lease deals on these?
sry for all the questions, but once again, this IS my life
I hear what some of you guys have been saying about keeping the sc for a little while. I know this is sad but litterally i think about cars (and girls) all day long. there is not one minute honestly im not thinking about what type of car to get, how to pay for it, all the specs, everything! Its pretty much my life and I honestly wouldnt mind (in highschool anyways) dumping all my money in a car, i would actually prefer that.
A question about leasing though: is it going to be a lot more per month to own it?
my dad likes leasing because he considers it delaying the decision. he says you can make the payments on it and at the end just pay the final amount in cash, or give it back if you dont like it, but you should just buy and then sell privately b/c dealers will give you a good deal on what you've already had. i understand though for someones post that at the end you have to refinance if you dont wish to pay in cash and you want to keep it, so i guess i see how it could be bad there.
next, insurance wouldnt be that bad, because it would go on my moms plan, and i would be a secondary driver. on her highlander that she used to have i wouldve been 1400/year(granted thats not a bmw, but still).
is this correct?im paying about 2000 a year for liability now, so i think it would remain the same with collision.
does anyone know if i have to be a primary driver on one car, so people cant get away with this?
im reading c&d right now and it actually has a comparo of the cars i was talking about, what are the chances? it says the rx8 is not loud and that it guzzles gas like a private jet. im guessing this is because of the 9000rpm redline? plus its rwd and has lsd, so thats cool. i guess i would prefer the 350z, but the bad part is no back seat... sometimes i need that space (the extremely tiny space) in my sc. thats what i love about the new improved audi tt. thats a great looking, fast, 4 seater coupe. could never afford it though probably. anyone know of great lease deals on these?
sry for all the questions, but once again, this IS my life
#40
That might be a good car to ****** off the used market. Nissans tend to depreciate rather rapidly, hence it's not hard to find a good cheap deal on a late model G35. However, its not as refined nor as balanced as a BMW. However, I'm not going to start a G35 versus 3-series debate, so pick what you feel best suits your wants.
#42
#44
Lexus Test Driver
get something cheap man!! Save your money for college!! being a not broke college kid is so much more fun than being a broke college kid!