Getting an M5 at 21 while a student?

[Slow]

k-ink said:

If you have saved up ten grand and own multiple cars already, before even entering proper full time work, go for it. You clearly have nothing else to spend it on.

I enjoy working on my cars - as what I thought alot of PH enjoyed doing too.

Almost all my wages from my previous job went into my cars, I love them.

[k-ink]

Sometimes it is best to learn the hard way. Crack on. Post up the photos when it arrives.

[Slow]

V8RX7 said:

My opinion is that a RR and 730 are dull cars for old men.

An M5 is not a barge.

But equally is still an old man's car.

What fun cars have you owned ?

Maybe im just old.

My e46 320ci might class as a fun car
Got an e30 323i im restoring slowly which I imagine will be fun
Had untill last month a Datsun Cherry turbo which my mum now drives (she loves cars, has a 81 vette shes restoring)
Had a defender 90 with 33" wheels and a 2" lift which was fun yet very uncomfortable

[GTIAlex]

Best thread in a while.

[HustleRussell]

Slow said:

I enjoy working on my cars - as what I thought alot of PH enjoyed doing too.

Can't imagine anything worse than working on such a complicated car knowing that one false move could cost thousands in parts

[DoubleD]

You live with your mum, yet you want to buy an M5?!

[Slow]

HustleRussell said:

Can't imagine anything worse than working on such a complicated car knowing that one false move could cost thousands in parts

Same thing on my Range Rover though - sort of. Its packed with electrical things which go wrong. Changing the gearbox with my friend was a pain in the ass with no lift.

[V8RX7]

Slow said:

V8RX7 said:

My opinion is that a RR and 730 are dull cars for old men.

An M5 is not a barge.

But equally is still an old man's car.

What fun cars have you owned ?

Maybe im just old.

My e46 320ci might class as a fun car
Got an e30 323i im restoring slowly which I imagine will be fun
Had untill last month a Datsun Cherry turbo which my mum now drives (she loves cars, has a 81 vette shes restoring)
Had a defender 90 with 33" wheels and a 2" lift which was fun yet very uncomfortable

Jesus...

Bear in mind I'm now 39... again...

At 21 I was a student and my car history included:

Golf GTi MkI and II
MkI Escort V6 with triple carbs
MKII Escort
Opel Manta
Mitsubishi Starion

Currently I have an RX7 Turbo, Supercharged MX5, Modified Forester...

Go try an MX5 2.0 Sport and report back.

[daemon]

Slow said:

daemon said:

Slow said:

GTIAlex said:

V8RX7 said:

You're 21 - not 51 why keep buying old men's cars ?

Sports cars, hot hatches, coupes...

Exactly.


Lets face it, hes not going to buy an M5.

Boring pointless thread with no conclusion.
Discussion will dry up soon and it will die a death, leaving space for the next "oooo pistonheads shall I do this?" thread.

Sorry but have you seen my current cars? I drive a l322 Range Rover and an e38 730i, I enjoy my larger barges. My finances make buying an M5 a possibility. I came here to ask about the actual running costs of one and peoples opinions.

Post bills etc I have £600 a month spare as a bork fund etc is in my mind.

Surely thats your student grant money?

And that runs out in 3 months?

Might not have made sense in my first post.

Car is say £15k
I have 10-11k
Will finance 4-5k for like £200 a month
Get £600 a month for 9 months of the year for 3/4 years
Will also be working a evening and weekend job which covers all my bills (phone, insurance, broadband, sky, car tax etc)

This leaves me with the £600 purely to have as money for financing the M5, could make the payments over 4 years and only spend £100 a month, thus leaving me with £500 a month to run the car - assuming I dont do anything else of course.

Edit: Would point out said part time job is full time during the summer to make up for the lack of student loan money.

And that £600 a month is from a student loan right?

Which you will have to pay back? Long after the car is gone?

[Slow]

V8RX7 said:

Jesus...

Bear in mind I'm now 39... again...

At 21 I was a student and my car history included:

Golf GTi MkI and II
MkI Escort V6 with triple carbs
MKII Escort
Opel Manta
Mitsubishi Starion

Currently I have an RX7 Turbo, Supercharged MX5, Modified Forester...

Go try an MX5 2.0 Sport and report back.

Oooh that reminded me, had a mk3 golf gti for a while too, was decent even though it was quite slow.

Driven a mx5 and I dont get on with it. Im 6 foot 4 and I just dont fit in any comfortable way.

[silentbrown]

Slow said:

Tax and insurance would of been paid for via my job's money but I get where your coming from. Are they really that heavy on the brakes and tyres though Even my Range Rover isnt that bad on them, assuming im not blasting round a race track in the M5 of course.

Well, a decent set of non-ditchfinder tyres will be a minimum of £750. And my E28 M5 used to manage around 9K on the rears and 12-15K on the fronts, I think. A full set of 'generic' disks and pads must be close to £900, and should last a couple of years.

For a sanity-check, look at the last MOT on that one you linked to, and price up how much it should have cost to get it through. Two cracked wheels - and it still needs another replacing. M5s at that age/mileage have a high probability of being badly bodged by folk without the funds to fix them properly

[HustleRussell]

Slow said:

HustleRussell said:

Can't imagine anything worse than working on such a complicated car knowing that one false move could cost thousands in parts

Same thing on my Range Rover though - sort of. Its packed with electrical things which go wrong. Changing the gearbox with my friend was a pain in the ass with no lift.

You know what, Aahm Oot. You've clearly made up your mind. I'm expecting you to do it and eagerly await the thread.

[V8RX7]

Slow said:

Oooh that reminded me, had a mk3 golf gti for a while too, was decent even though it was quite slow.

Driven a mx5 and I dont get on with it. Im 6 foot 4 and I just dont fit in any comfortable way.

Mk3 and 4 are the worst of the bunch.

Boxster ?
Z4 ?

[dieseluser07]

Haha this guy is crazy

As i said put the money into a bachelor pad you can invite your hoes back to, not a 15k car that will cost you 7k a year to run

[GTIAlex]

Must have been really hard earning that money...working part time with your mom at her offroad experience business. Although you did work there full time for a bit as a "offroad instructor/quad instructor/website creation/mechanic/dumper driver" (doing bits and bobs for you mom.

As you "had no real future ahead of you" you started uni and now want to use the student loan available to you, to buy an M5.

"Age 21, barely worked a job and no qualifications"
http://www.pistonheads.com/gassing/topic.asp?h=0&a...

Maybe you could put some of the spare cash it to restoring your current bmw? Looks like it needs a fair amount of work.



The best bit...
http://www.pistonheads.com/gassing/topic.asp?h=0&a...

Slow said:

Pretty much hypothetical as I am in no position to spend 10k on a car.

What is the fastest car you can get for 10k? Thinking along the lines of e55 amg.

Fastest as in bhp/0-60 including rear doors. The new performance saloons seem to boast so much power over the models just a few years before. Browsing autotrader as you do of course.

So are you in position or not to spend 10k on a car....

[FredClogs]

OP - You've had an insurance quote? Right? What was it just out of interest, I guess the risks in Inverness aren't quite what they are in some other places but I imagine you're talking £thousands not £hundreds.

All in all it sounds like a fking stupid idea, you should definitely do it. I bought a Fireblade when I was 21 and still finishing Uni, everyone said I was stupid. I was.

[hotchy]

At your age, id spend that 10 grand in thailand getting some fun gained disease (preferably curable if you can help it). everyone's different though i suppose.

[Slow]

daemon said:

Slow said:

daemon said:

Slow said:

GTIAlex said:

V8RX7 said:

You're 21 - not 51 why keep buying old men's cars ?

Sports cars, hot hatches, coupes...

Exactly.


Lets face it, hes not going to buy an M5.

Boring pointless thread with no conclusion.
Discussion will dry up soon and it will die a death, leaving space for the next "oooo pistonheads shall I do this?" thread.

Sorry but have you seen my current cars? I drive a l322 Range Rover and an e38 730i, I enjoy my larger barges. My finances make buying an M5 a possibility. I came here to ask about the actual running costs of one and peoples opinions.

Post bills etc I have £600 a month spare as a bork fund etc is in my mind.

Surely thats your student grant money?

And that runs out in 3 months?

Might not have made sense in my first post.

Car is say £15k
I have 10-11k
Will finance 4-5k for like £200 a month
Get £600 a month for 9 months of the year for 3/4 years
Will also be working a evening and weekend job which covers all my bills (phone, insurance, broadband, sky, car tax etc)

This leaves me with the £600 purely to have as money for financing the M5, could make the payments over 4 years and only spend £100 a month, thus leaving me with £500 a month to run the car - assuming I dont do anything else of course.

Edit: Would point out said part time job is full time during the summer to make up for the lack of student loan money.

And that £600 a month is from a student loan right?

Which you will have to pay back? Long after the car is gone?

Yes of course, but if I didnt spend it on an M5 (i would be taking the loan either way) I would probably spend it on drugs+drinking. As others said, its virtually interest free.

I will get 15/20k as a student loan depending if I do 3 or 4 years. Only £4k of which would be spent on the finance for the M5 (if that makes sences). I will also be working all summer long so the loan needed for the car might only be circa 1k which I would just wait another month or 2.

[alec.e]

V8RX7 said:

Jesus...

Bear in mind I'm now 39... again...

At 21 I was a student and my car history included:

Golf GTi MkI and II
MkI Escort V6 with triple carbs
MKII Escort
Opel Manta
Mitsubishi Starion

Currently I have an RX7 Turbo, Supercharged MX5, Modified Forester...

Go try an MX5 2.0 Sport and report back.

Different strokes for different folks, I am 22 and none of the cars you listed really appeal to me, though I can understand why people like them.
I am with the OP, I like a comfy, fast super-saloon, that's why I bought my Super V8 at 21 and my 'old mans' barge XJ at 19.

I don't see the RR and M5 for old people...

Edited by alec.e on Tuesday 22 March 23:01

[GTIAlex]

http://www.pistonheads.com/gassing/topic.asp?h=0&a...

Slow said:

Looking at picking up a bmw e30 for a bit of a fun car. Would be a early 316/318/320 in manual I imagine. The 323/325 are fetching 2k+ all day long.

Plans would be to aim for a track car while learning to do work myself. So basic coilovers, stripped interior, bucket seats and wider wheels.

So really asking, what are people opinions on them? Bad/good idea?

Edit: Only 21 and starting uni next year so would be done on a budget.

Edited by Slow on Sunday 22 November 15:56

Stop being a fking dreamer and wasting everyones time.