[Rickson9]

I bought a BMW 3 series when they changed the body type in the late 90s. It was my first car and I was in my mid 20s. Our company just went public and I was holding over $300K in stock options (which later became worthless). Considering the time value of money, it will probably be the worst purchase I'll ever make.

 

[Rickson9]

I'm in my mid-twenties and am driving a 2008 328i. I've occasionally had my regrets about running around in this. I might only keep it until spring and cut my financial losses before the free service deal runs out. Either way it's a bad financial decision.

Unfortunately this kind of lesson is difficult to "learn". Older, wiser people who told me not to do it and their reasons - I just didn't understand. You have to "go through it" and learn it on your own. At least that's how it was for me

 

[Rickson9]

I was into the pre-owned BMW car thing for at least 5 years, traded up twice and lost about 10 grand on the last two transactions. The cars were a pre-owned 1999 328i, 2001 M3, and then a 2002 M5. The last two were bought one year apart ...

I sold the M5 to beef up a downpayment on a new house, and stop the middle-age crisis car madness ...

s-l-a-m-m-e-d ...

Ouch. I feel your pain