Author Topic: I bought a BMW  (Read 3240 times)

jly224

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I bought a BMW
« on: September 11, 2013, 03:59:25 PM »
The only bright side of this anti mustachian post is that I paid cash for my BMW, a used silver 2003 330ci. Man was that car sweet! It had black leather interior, 5 speed transmission, and the previous owner had installed a huge 12" sub-woofer in the trunk. This thing could really bump when I wanted it to. I also got an amazing deal on it. I found it through a local add, for sale by owner, who was being deployed over to Germany and couldn't take it with him. He was asking $12k, I knew it was a long shot, but I only had around $10k in savings at the time, I offered him $9k cash and the deal was done.

Now the downside... I bought the car with around 89k miles on it, and sure enough, after just a couple months of ownership I had a huge repair bill, around $1k! By the time I ended up selling the car, 2.5 years later, after moving to Seattle and no longer needing it I had spent over $5k in maintenance! Holy cow. Thanks to the sweet deal I got when I bought the car, I was able to sell it with 25k additional miles for the same price I bought it.

Let's just say lesson learned. I'm now happily riding the bus while focusing on saving up for a wedding and finishing paying off my student loans. Here's a description of my journey http://jlyblog.wordpress.com/2013/09/10/goal-1/

ender

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Re: I bought a BMW
« Reply #1 on: September 11, 2013, 04:43:32 PM »
It took me a long time to realize "bought" was referring to something years in the past... lol.

russianswinga

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Re: I bought a BMW
« Reply #2 on: September 11, 2013, 05:12:22 PM »
I LOVE my 2002 330ci
I do all my own repairs. Recently changed the valve cover gasket, pulleys, oil filter housing gasket - maintenance quote was $1500, I spent $500 in parts. And if I shift early, I can squeeze 30mpg on the freeway.

jly224

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Re: I bought a BMW
« Reply #3 on: September 11, 2013, 05:13:40 PM »
She's a beaut!

russianswinga

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Re: I bought a BMW
« Reply #4 on: September 11, 2013, 05:24:36 PM »
Oh - she also has 160,000 miles on her right now, and I plan to double that number.