I am part of the $2500 non refundable deposit club. My SA said it would most likely be refundable if I had to back out of the deal. I did not mind the amount at all, part of the down payment is now done. I even consider putting another 2500 down every two months until it arrives, makes the final price a little easier to swallow.
I have started to suffer a mental debate about whether or not I am crazy to spend 85k on a car. I usually buy cars for $1000 and fix em, drive em, and sell em. I would really be spoiling myself buying this, and feel a bit selfish. It is not that we can not afford it, but no matter how I shake it, that is still 85k I could spend on my family some way. When it comes down to it, I could spend half that or less on a really nice M3 or M4... So tell me, am I crazy or not, and why do you think one way or he other?
I am was sort of in the same boat.
I put down the $1500 thinking what the heck.
I have now configured the most expensive car I have ever owned. My X5 cost almost as much new but we bought that as a lease return for half.
My car will be close to $90k after taxes and fees.
The market is crap so it's going to be painful if there isn't some recovery by July.
Yeah, I could spend the money on something else. I could buy a cheaper car. We have owned new cars, but they were either for the family or my wife. I have always bought lease returns and driven them forever. I doubt I'll be buying another really expensive car so this is it.
We can afford it no problem. To put it into perspective though, I bought my first house for about $115k. So it does feel strange buying a car with a 5 year loan when I bought that house with a 30 year. I'm also putting more cash down that I have on
anything including the house I now live in.
Oh well... First world issues.
Waiting on my Tanzanite M50!