BMW M3 F80 | How Much Income Do You Need to Own one? | EvoMalaysia.com
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- เผยแพร่เมื่อ 4 มิ.ย. 2024
- In this episode, let’s talk about the BMW M3 F80 (based on your IG responses!) - the ultimate all-rounder, perfect for weekend joyrides and daily driving fun. The purpose of this video is to you inspired and excited about going after your dream car, even if it comes with a hefty price tag. Curious about what it takes to afford one? Stay tuned to learn how to make it happen and close that income gap. Get ready to make your dream car a reality!
Hope you find this useful and if you did please help me hit the like button and share it. And also subscribe to my channel. Cheers!
00:00 - Intro
01:39 - About the M3 F80
04:15 - Upfront total cash downpayment breakdown
10:08 - Monthly & yearly instalment
13:54 - How much net income should I have to own an M3 F80?
16:20 - What can I do to meet that net income?
17:54 - Summary
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9 year loan. Why? Because your HP loan is fixed rate, and one of the lowest for any types of loans. If you want to sell it before 9 years, banks gives a rebate.
RM1000 now is a lot more valuable NOW than 9 years later. So even if you have the cash, take the loan for 9 years for any new/recond car you buy.
UNLESS we’re talking about like a a car that has bottomed out on depreciation like a 997 Turbo or GT3, F430, Audi R8, Aston Martin Vantage etc. Then please buy in CASH for like RM300k because then you can buy and drive the car for 1-2 years, sell it and buy another depreciation bottomed out car. This can be done perpetually and your RM300k cash is always going to be there in car value.
Too many people that do not understand this, that’s the benefits of being a Malaysian, in other country you would’ve been dead doing a 9 year car loan
Such an amazing video, I love how you covered the topic of mentality and perspective when looking to buy an m3 f80 or your dream car whatever it is because its likely someone watching is looking to get an idea and get their finances in order and its important to not be discouraged. if you're not there yet ask your self "HOW CAN I GET THERE" !
Very interesting and informative. Inspiring is another way to look at this approach.
Please make a playlist and more video about our dream cars especially 991 turbo s
Thanks for the info sharing. Generally I find it harder to buy a car than a property. If we did a mistake on a property we may rent it out or sell it in the long run as it holds value. For cars, we have to choose more carefully as it almost always depreciates and its almost impossible to commercially rent it out. Have to think super carefully and purchase the optimum one to really enjoy it 😆
It is much harder to sell properties these days and its a PITA to rent out and manage tenents. For a car that one no longer aspires to own, there are many options out there to dispose of. That being said, one might need to top up to clear the bank loans first.
The MT4/5 sound tho haahha love it
Hello do you remember what color your e30 was was it granit silber?
Hi Thomas and sifu, question on finance portion, if we loaned for 100k with 3% interest rate for 5 years, if we decide to settle whole/all loan on year 3, do we still need to serve the loan interest for year 4 & 5 too ?
i think i going to stick to my kancil.
Regardless if someone is a car lover or not, I think this video can be summarized in a single sentence just like most other videos on youtube. The car you buy should only cost about 1 year of your salary. If your annual salary is RM 80,000, then the car you should buy has to be within the RM 80,000 range or less. If you want to buy a car which costs a RM 1 million, then your income should be RM 1 million a year.
Why?
Lol. Based on what you're saying if someone want to buy a vios/city they need to earn 8k monthly?
@@navindave5535ideally, yes. Sadly too many people gear up too much nowadays to own a vios/city when they’re earning 3-4k a month. Of course you can lower the instalment by extending the loan tenure, but ideally with a 5 year loan tenure, assuming a 80k loan amount, monthly repayment would be about 1.5k, which would be a comfortable range of approx 20% of 8k salary per month
@@christophermullen7539 I respect your views and your thinking. But as a car guy (and I'm sure many other car guys will agree with me) we don't think that way. As thomas mentioned in the video this is for car enthusiasts, and if you are one then you will do everything to achieve your dreams. I rather get my dream car with 9 years loan if that's the only way for me to achieve it, rather than buying an axia with 3 years loan cause society tells me that's the right thing to do.
@@navindave5535 You can do whatever you want really however to answer your question then yes, the rule of thumb would be to spend a year's salary on a car.
You don't buy a car with a seven year loan (even though I know it's commonly done here) and you especially don't buy a reconditioned or used car on a seven year loan!
buy on 5 years loan ?
I always buy on a 9 year loan. Even if I'm a multi millionaire. Best financial move ever. Your cash could well be invested somewhere else and grow.
@@limpei94 Anything above five years for a new car means you most likely can't afford it. Going forward banks are going to be a lot tighter with credit as the defaults are about to start rolling in. There will be a repricing of assets and the prices you're used to will suddenly get a lot lower.
I just used cash
Buy myvi. Perodua cares.
Already wasting too much time quickly get into the point