Did you lease, finance, or?

[dr.jay]

I will be financing, I will be putting half the amount down, with my X5 and 330 they were used so I paid cash for both.

[X5falcon]

Originally Posted by linh811

my savings account earns over 5% and my investments have been earning 30+% over the last 4 years.

it's your money and you do what you want to, but paying 70k cash for a bimmer is simply dumb. money should be making money. even a monkey should be doing better than 6%

Well, economically, having a $70k vehicle itself is dumb, via whatever means.

If you have well enough cash to cover the vehicle cost, why go through finances, bank liens, etc?

Like you want to drive the "Ultimate Driving Machine", don't you want to just have the good feelinig of

"I own this BMW, It's MINE!!!"

[X5falcon]

To earn 30+% per year for your cash, I don't know about you, but I would need to watch them every minutes, and that's not without risk of losing everything...

That's a skill and labor too... Like a second job....

Your money do not make money by itself.

[radel]

Originally Posted by linh811

my savings account earns over 5% and my investments have been earning 30+% over the last 4 years.

it's your money and you do what you want to, but paying 70k cash for a bimmer is simply dumb. money should be making money. even a monkey should be doing better than 6%

Yes, It is simply dumb if you do not have the money to pay cash for it!!! Yes, 6% earnings is a very conservative earnings on an investment that will not turn your principal to naught!

Savings account with over 5% interest? That is way over too good to be true!!! Maybe you can share a bank now who can pay me over 5% on my savings and I move my money right away.

Investment earnings 30% over 4 years? C'mon now, You must be doing insider trading or trading in Options and Commodities to have such an earning. C'mon do you really think your number is realistic? Look at your investment now and tell me with the current market if you made money this week.