Posted on May 24, 2010.
Renting a BMW 335ci (convertible)? I'm 18 now, going to college soon.
I worked very hard to save $ 20,000 (tutoring, and stocks)
I wonder if I can afford the BMW 335ci Lease (obviously, I will not be able to buy it because it would be 50K). I heard if I drop in wages, $ 5,000, I can rent one for about $ 700/month. Is this true? The credit would be under my parents, but I'll pay for everything.
I do not think it's a good idea, you really need to focus on pre-owned BMW stay away from leasing, each guru's advice financial advisor!
Nothing wrong with buying pre-owned, if the car has less than 20,000 miles, you can save a ton of money you can buy a 2008 335ci for less than you think! If you put 10K down you can get pretty comfortable, monthly payments, do your research and do not put yourself in danger, you are very young, I owned several BMWs and will tell you it's not worth it to buy new ones. The feeling can be wonderful. but you can find something practically new, in perfect condition for less, do not forget depreciation is immediate!