Getting an M5 at 21 while a student?

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I would like to sort of update this for all those who care and arent trying to just bash me.

Think im going to try save harder this summer and get 15k without needing finance. If the M5 is as bad for parts are people say what are the other super saloons like for parts? Yes I gather none will be "cheap" but are any less wallet rapingly expensive?

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Idonthavencb said:

How about an Audi S5? V8 and you would still look "cool" to your fellow Uni compatriots

Not trying to look cool, if I was I would just spend 15k on financing a Audi A3 for 4 years haha.

Whats the S5 like to drive?

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MarshPhantom said:

e21Mark said:

MarshPhantom said:

e21Mark said:

If you want one and have the means, then good luck to you. It's far better to regret the stuff you did, than the stuff you didn't.

I've always thought this was fairly bogus advice.

Why's that?

It's how you look at it I suppose, you might regret not owning the M5, I'd regret getting myself into debt over a car.

Its down to luck though I guess, you could get very lucky and barely have a problem in 3 years of owning it.

If the debt is going to exist whether you get an M5 or not it becomes a different story?

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DonkeyApple said:

Digby said:

DonkeyApple said:

With a good degree and some cash the world is your oyster.

Or you choke on the pearl. At least if you do, you can remember that super car you had at 21..

Yup, while you prop up the bar at the local losers pub with all the other stinky old YOLO winners.

So im going to be a loser at the local pub because I spent my student loan on a car? Most people in Scotland take the loan and spend the entire amount on rent.

Im not the only student who will has this debt.

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Innowaybored said:

Slow


Out of interest what are you going to study Uni?

Civil Engineering. Not the best choice of places to study it I know, but a degree from a poor uni is better than no degree.

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Downward said:

AH33 said:

Maintenence Loan - Its based on parents household income I think

60k he said, Given what he says his parents do I can't believe they earn under £60k.

Only the parent you live with more often if they are divorced. My brother got it the last 2 years while hes in Edinburgh at uni.

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GTIAlex said:

Slow said:

Does anyone know companys that will let a 21 year old driver other cars on their policy if they are fully comp?

Mums insured and using my Cherry turbo, im insured on my Range Rover and her boyfriend has a mk2 mx5 (just want a shot to see what the hype is about). However im about to start using my 7 series and shes going to take on the Range Rover. For me to go on the Range Rover as a named driver is £700 a year, same as I pay for it in my name. I would like to still be able to use it as I tow trailers sometimes.

Multi car policy is a no go, logical step seems to be get in a time machine and make myself 25 unless someone here knows of a company covering me third party?

Il just carry on posting stuff you've posted from previous threads you made I think.


So your about to give your mom the range rover and youl be using the 7 series. Is this is 7 series that isnt finished and is a complete shed and the same range over you are going to sell?

Not give, sell to her. If you read what I posted a few replies ago you will see I already said she called dibs on it...

The 7 series is ready for an MoT and booked in for wednesday next week. Only thing to be done is repaint in my own time and sort the exterior trim.

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GTIAlex said:

How about the brand new 4 series you test drove?



Dreamer

Slow said:

So I test drove a brand new 435i m-sport with 3 miles on the clock. Was a nice car for sure with a decent turn of pace however....

It was an auto, had it in sport mode straight away as it felt like it would take a second to react to the accelerator when pressed.

Sport mode didn't change this, it felt like when you pressed the throttle it took a second to make up its mind before it decided to go. Not turbo lag, had a laggy cherry turbo and it wasn't similar, it would do it in traffic when already in gear so wasn't the autobox.

Is this because its a auto? My old l322 td6 doesn't do it even though its an auto.

The one that I got given a chance to drive via Pistonheads? Never said I was buying it.

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BobSaunders said:

Jamie, i wrote a reply agreeing to your answer from page 16(?) which everyone has ignored - including OP. Before i pressed submit, i thought to myself, is this really going to make a difference to someone that does not want to be told otherwise? You can lead a horse to water...

I wish i had listened to people like you years ago.

I have read it, I havent ignored it. Theres just so many posts its hard to reply to all.

I have been taking on what people are saying, I understand where everyone is coming from. Hence why I actually asked about other cars which would be much more friendly on my wallet.

I never had any illusions it would be cheap or make financial sence, I just wanted to know if it was possible to be ran on my budget. The M5 is a purely heart choice, my head screams no at me but my hearts sat there saying ive wanted one since I was in my early teens.

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DaveCWK said:

My advice op,

Save most of your money, don't stretch yourself massively at this stage of your life for a car. Get something cheaper for £3k or so that is still Interesting/fun/fast. I recommend an mr2 turbo t-bar.

Get the balance right.

I appreciate the comment but an Mr2 is no good, 6 foot 4 and often travel 3+ people up at a time.

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k-ink said:

Does this have to turn into my mates richer than yours? I know someone who could buy the lot of you and your mates and runs an old LandCruiser

Get back to cars and drop the BS...

I'm missing some context here I think. But I know what you mean.

My dad and stepmum could comfortably afford nice cars instead he has a 07 Honda Ridgeline pickup owned since new and she leases a Hyundai Tucson to my dismay. Tried tell them that they need a Dodge Charger or something American haha.

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chrisb92 said:

Slow, you know this is a stupid idea. I suspect anybody saying 'go on do it' would never in a million years do it themselves and all those saying not to do it are looking out for your best interests. You will be much, much better off waiting until you can afford it properly. You simply do not have enough money to run this car by what you're saying, even with working 40-50 hours a week 'in the evenings'. Either you work nights or you don't work 40-50 hours a week. Stop bullstting and tell the truth.

12-9/12depending on the day. 5 days a week, that's the evenings and that's 40-50 hours.

There has been no bullsting in this thread.

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greggy50 said:

Slow said:

I would like to sort of update this for all those who care and arent trying to just bash me.

Think im going to try save harder this summer and get 15k without needing finance. If the M5 is as bad for parts are people say what are the other super saloons like for parts? Yes I gather none will be "cheap" but are any less wallet rapingly expensive?

You are a student have fk all responsibilities and get 4 months off for summer

Personally instead of working 40/50 hours a week in part time jobs to buy a car you can't really afford I would take the time and enjoy myself go on a few holidays see the world. Once you finish Uni and get into the real world you get a few weeks a year and that is it I would make the most of the time you have now and appreciate fact you have a few quid to have a good time cars can come later.

Other than when I worked a full time job for a year and a half since I left school (at 15 I would point out) I've done fk all but party and holiday. I actually want to go to uni to get a education for a better job. Not interested in the girls/drinking side of it - I did it for 6 years already!

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chrisb92 said:

You change your mind every five minutes!!! So you are done with going out and 'girls' at the age of 21? Stop lying! You know you're not going to get the M5, just stop pretending its feasible and buy something you can afford. Alternatively, stop sodding around asking for opinions, man up and buy the car and show us how it's going.

How have I changed my mind? The whole time I've dismissed the going out drinking/girl hunting part of uni. Already stated I have a girlfriend and I don't see the need to get stfaced constantly. Would rather get up the next day and not be hungover.

Sorry we aren't all like you?

And in regards to the M5 incase you haven't been reading you would of seen I've been asking about other cars with less expensive parts - so maybe get the fk off my back and enjoy your own life which I am 100% sure you have made no mistakes in it while you were young.

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itcaptainslow said:

20 pages of going around in circles.

OP, either buy the M5 or admit you can't afford it and tell us what you're going to buy instead.

I have been asking about suggestions for cars which wont rape my wallet the same as a M5.

I know I cant afford a M5 longterm, I dont have illusions about that. But I could buy one and hope it doesnt break and sell it after 3 months.

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Jim AK said:

So what do you think of what's been suggested as alternatives?

Lot of people, myself included, have offered them & all I have seen from you is a no to an MR2 because it's too small!

So far the 535d touring or 335i touring appeal the most.

Dont really like audis, think its everyones storys of them being a bit poor to drive - exceptions is the RS models
Mercs are nice, not so sure about the fact they are auto only
Other than the newer jags (xf etc) they just dont do it for me

Keep seeing alot of suggestions for cars which are simply too small for me/my uses.

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DanL said:

loan to run a car for three months? Seems a bit pointless.

So - buy the model down from the M5, if you must have a large fast barge - I'm guessing this is a 550? 90% of the get up and go, but without the "M tax". Other large fast barges have also been suggested - S8 is an interesting one, no idea how much it costs if it breaks though!

CLS, maybe? Smart looking.

Sounds bad but I dont want 90% of the car, even if it would be a short lived fun due to bills forcing it to wait in the garage for money to be saved to fix it. I want the experience really. I mean I could always buy a £150 micra and run it for 3 months to save up if it did explode something expensive haha.

S8 and Cls and Xfr were the 3 cars which stood out the most, but again they are probably money pits like a M5?

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chrisb92 said:

The kids full of st. Don't waste your time! It's 11.50 I imagine he's off to work his evening shift at mid day in a minute after a hard mornings graft spraying the 200 quid 7 series!

Actually im starting at 1. Spent the morning taking my brother and mum to the dentist then back to school.

Every car (except the stty pug) I have a readers rides for, you can see I own them - explained how they would be sold to pay for it. Its not like im a new poster coming in trying to wave my dick around.

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chrisb92 said:

Look, you clearly have your mind made up and I am not going to say any more to you. I was only trying to reach out as someone in a similar position at a similar age who went for an average car and regret it a bit. You'll realise this yourself, but I was trying to save you the trouble.Fair enough if you want to poo poo my advice, I, as others have stated, just think it's best you wait until after uni. The M5 will still be there and you may land a decent job and could get an F10!!

On a serious level, if you have 10k and are willing to spunk 600 a month on a car, have you considered financing something new and nice? At least you'll know its under official warranty and you can just give the car back if you don't like it. Surely an M3 or something is doable for 600 a month from somewhere?!

I dont have my mind made up, read my last few posts about other cars?
It doesnt even have to be long term, just while I have the money not tied up in a house I could run a M5 for 3 months, hope nothing breaks and lose minimal money. If something expensive sts its self, I lose 3k and learn a life lesson - but I did still get to experience the car. Im not going to lose the entire amount.

I should have 11k minimum by the time uni starts, hopefully closer to 15k really meaning I wouldnt need to finance anything. I was saying I have 600 a month disposable income, and if a M5 could be ran on that. Not meaning I want to spend £600 a month financing anything - even I know that would be stupid.

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Vaud said:

chrisb92 said:

Audi RS4 - http://www.autotrader.co.uk/classified/advert/2016...

Though that has similar bork/cost potential to the M5? RS components are comparable to the M spec in cost?

I thought the Audi Rs models were even worse than Bmw M cars for repairs, atleast thats what owners seem to find on here (maybe I only find those threads)