Car buying advice
I recently had my car totaled and settled with the insurance company for 17,800 for my IS250 that is paid off.
Option one pay cash for a similar luxury car of similar value c300,is250,is350 or possibly a 328i not sure I want to own an out of warranty Benz or bimmer(already do). This option will be for a car with no warranty and around 60-70k miles. Car year being a 2007 for most(except c300/08).
Option 2 buy a 2009 cpo 328i taking advantage of .9% financing putting down the max amount(minimum 7500 financed). So after say 13k down I'd have around 7k which I'd set up on auto draft from a savings act and not worry about making those payments which would be real small anyway.
Option 3 small amount down and finance the car using the remainder of the 18k to make the payments.
Keep in mind this is my fiancee's car who is in school hence making payments from the savings vs just paying for it(no income for the next year or so).
I'll withhold my opinion for awhile to see what you guys think.