Inappropriate Poll Alert!

heinzena · 10-24-2018, 03:34 PM

This is a completely inappropriate poll, and I know it -- but I am curious what the annual incomes (combined if married) are of the people actually purchasing a 2019 X5.

Doc5513 · 10-24-2018, 03:56 PM

I’m curious why you are curious?

heinzena · 10-24-2018, 04:09 PM

Quote:

Originally Posted by Doc5513

I’m curious why you are curious?

Regardless of options, the G05 is a very expensive vehicle (relatively speaking). I think a poll such as this is interesting as it can show, in some ways, how people value a vehicle such as this. Would be interesting if the poll let me include a corresponding model type when someone votes their income.

amphiprion · 10-24-2018, 04:10 PM

Curious why the range ends at 250

jra0113 · 10-24-2018, 04:37 PM

Quote:

Originally Posted by amphiprion

Curious why the range ends at 250

Greater than 250

heinzena · 10-24-2018, 04:40 PM

Quote:

Originally Posted by amphiprion

Curious why the range ends at 250

You know how I can edit the poll? Doesn’t seem possible

skalberti · 10-24-2018, 05:01 PM

A loaded out Tahoe is $70k, Denali $80k, Escalade $90k+ and those SUV's are everywhere! Everything is expensive. Cars are a huge waste of money when you factor in depreciation. Most people finance a car 5-6 yrs and by the time it's paid off it's well out of warranty. We finance for 2yrs and trade every 4-5 years. With that route for us we still have a good chunk of equity to keep payments lower on the new car and we're able to pay off in 2 years. Not interested in leasing.

turboawd · 10-25-2018, 07:33 PM

Lot of ballers in here!

bavaria22 · 10-30-2018, 09:29 AM

Quote:

Originally Posted by turboawd

Lot of ballers in here!

to your mother

karateboi87 · 01-15-2020, 01:55 PM

Was watching Dave Ramsy and recalled I saw this poll at some point so had to dig it up.

Really glad to see majority of buyers here make well more than the vehicle price. I think Ramsy's rule is total vehicle price should be less than 50% of annual income. There is no judgement either way, we all love BMW and that's why we're here

dream54ing · 01-15-2020, 02:31 PM

~$80Kyr here, but I'm extremely cheap and pretty damm smart with our money. We pretty much paid it off within a few months. some times its not how much you make, its how you use your $$

thereef510 · 01-15-2020, 02:36 PM

Quote:

Originally Posted by karateboi87

Was watching Dave Ramsy and recalled I saw this poll at some point so had to dig it up.

Really glad to see majority of buyers here make well more than the vehicle price. I think Ramsy's rule is total vehicle price should be less than 50% of annual income. There is no judgement either way, we all love BMW and that's why we're here

what is his advice for your overall household income if you intend on leasing? Dave would probably come to your house and light you on fire.

karateboi87 · 01-15-2020, 02:50 PM

Quote:

Originally Posted by thereef510

what is his advice for your overall household income if you intend on leasing? Dave would probably come to your house and light you on fire.

You nailed it

ikheetleon · 01-15-2020, 03:13 PM

The G05 is a bargain in the US. I am always surprised that everybody is leasing/financing their cars. I just buy them and trade them in for a new one when I think the time is right.

karateboi87 · 01-15-2020, 03:17 PM

Quote:

Originally Posted by ikheetleon

The G05 is a bargain in the US. I am always surprised that everybody is leasing/financing their cars. I just buy them and trade them in for a new one when I think the time is right.

For the 250K+ group, it is a bit shocking but everyone manages their finance differently.

All cars are bargains in US... even brands like RR/Bentley are significantly cheaper here.

wtwo3 · 01-15-2020, 03:26 PM

Quote:

Originally Posted by ikheetleon

The G05 is a bargain in the US. I am always surprised that everybody is leasing/financing their cars. I just buy them and trade them in for a new one when I think the time is right.

Unless the right time is 5 years plus each time you trade it in, leasing is cheaper.

Tenac · 01-15-2020, 03:28 PM

I think for how full the 250 plus is you maybe should of took it to 1mil.

wtwo3 · 01-15-2020, 03:30 PM

Quote:

Originally Posted by karateboi87

Was watching Dave Ramsy and recalled I saw this poll at some point so had to dig it up.

Really glad to see majority of buyers here make well more than the vehicle price. I think Ramsy's rule is total vehicle price should be less than 50% of annual income. There is no judgement either way, we all love BMW and that's why we're here

Isn't Dave Ramsey the financial guru for financially illiterate people? It works because it's simple.

I watch some of his stuff purely for entertainment value. But anyone with decent financial knowledge can do way better than what he preaches.

karateboi87 · 01-15-2020, 03:36 PM

Quote:

Originally Posted by wtwo3

Isn't Dave Ramsey the financial guru for financially illiterate people? It works because it's simple.

I watch some of his stuff purely for entertainment value. But anyone with decent financial knowledge can do way better than what he preaches.

I'm not so sure about that... and this is just my opinion, but income and financial literacy do not necessarily go hand to hand. The majority of workers at my organization earn over six figures, but many of them don't have a deep understanding of 401k, retirement strategy, etc.

I'm not even a Dave Ramsey fan by any means so I'm not advocating for anyone to watch his video or buy into his belief.

wtwo3 · 01-15-2020, 03:40 PM

Quote:

Originally Posted by karateboi87

I'm not so sure about that... and this is just my opinion, but income and financial literacy do not necessarily go hand to hand. The majority of workers at my organization earn over six figures, but many of them don't have a deep understanding of 401k, retirement strategy, etc.

I'm not even a Dave Ramsey fan by any means so I'm not advocating for anyone to watch his video or buy into his belief.

Agreed, I'm not saying financial literacy is necessarily linked to income level. I'm saying if someone is financially illiterate, then his plan works because it's simple. But if someone IS financially literate, they can do much better than what he preaches, and in many cases following what he preaches can be holding them back.

TXSchnee · 01-15-2020, 04:17 PM

Quote:

Originally Posted by Tenac

I think for how full the 250 plus is you maybe should of took it to 1mil.

I wonder how many of the $250k+ are dual incomes? Not that it makes a difference, just curious. I'm in the 200-250 range, but that is just on one income, I stay home with the kids.

karateboi87 · 01-15-2020, 04:22 PM

Quote:

Originally Posted by TXSchnee

I wonder how many of the $250k+ are dual incomes? Not that it makes a difference, just curious. I'm in the 200-250 range, but that is just on one income, I stay home with the kids.

Married a surgeon wife?

View Poll Results: Annual Poster Income
<$100,000	10	6.85%
$100,000-$150,000	18	12.33%
$150,000-$200,000	16	10.96%
$200,000-$250,000	15	10.27%
>$250,000	87	59.59%
Voters: 146. You may not vote on this poll

10-24-2018, 03:34 PM	#1
heinzena Second Lieutenant 117 Rep 293 Posts Drives: 340xi M-Sport Join Date: Sep 2018 Location: Earth iTrader: (0)	Inappropriate Poll Alert! This is a completely inappropriate poll, and I know it -- but I am curious what the annual incomes (combined if married) are of the people actually purchasing a 2019 X5. Last edited by heinzena; 10-24-2018 at 04:47 PM..
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10-24-2018, 03:56 PM	#2
Doc5513 Captain 449 Rep 631 Posts Drives: X5 Join Date: Aug 2015 Location: Virginia, America iTrader: (0)	I’m curious why you are curious?
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10-24-2018, 04:10 PM	#4
amphiprion Second Lieutenant 195 Rep 284 Posts Drives: 2022 X5 45e MSport Join Date: Aug 2018 Location: California iTrader: (0)	Curious why the range ends at 250
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10-24-2018, 05:01 PM	#7
skalberti Major 614 Rep 1,133 Posts Drives: 2017 Mineral White M3 Join Date: Dec 2009 Location: Texas iTrader: (0)	A loaded out Tahoe is $70k, Denali $80k, Escalade $90k+ and those SUV's are everywhere! Everything is expensive. Cars are a huge waste of money when you factor in depreciation. Most people finance a car 5-6 yrs and by the time it's paid off it's well out of warranty. We finance for 2yrs and trade every 4-5 years. With that route for us we still have a good chunk of equity to keep payments lower on the new car and we're able to pay off in 2 years. Not interested in leasing. __________________ It's good to be bad
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10-25-2018, 07:33 PM	#8
turboawd Banned 1635 Rep 2,995 Posts Drives: 2015 X5 35i Join Date: May 2015 Location: United States iTrader: (0)	Lot of ballers in here!
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01-15-2020, 01:55 PM	#10
karateboi87 First Lieutenant 83 Rep 343 Posts Drives: 2020 X5 40i Join Date: Mar 2018 Location: Chicago, IL iTrader: (0)	Was watching Dave Ramsy and recalled I saw this poll at some point so had to dig it up. Really glad to see majority of buyers here make well more than the vehicle price. I think Ramsy's rule is total vehicle price should be less than 50% of annual income. There is no judgement either way, we all love BMW and that's why we're here
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01-15-2020, 02:31 PM	#11
dream54ing Captain 486 Rep 903 Posts Drives: 428xi F32- X5 X5 G05 -640i F06 Join Date: Mar 2019 Location: ARIZONA iTrader: (0)	~$80Kyr here, but I'm extremely cheap and pretty damm smart with our money. We pretty much paid it off within a few months. some times its not how much you make, its how you use your $$
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01-15-2020, 03:13 PM	#14
ikheetleon Lieutenant 219 Rep 480 Posts Drives: BMW X5 45e 2020 Join Date: May 2016 Location: Earth iTrader: (0)	The G05 is a bargain in the US. I am always surprised that everybody is leasing/financing their cars. I just buy them and trade them in for a new one when I think the time is right.
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01-15-2020, 03:28 PM	#17
Tenac Brigadier General 4537 Rep 3,506 Posts Drives: All Join Date: Mar 2019 Location: AZ iTrader: (0)	I think for how full the 250 plus is you maybe should of took it to 1mil. __________________ 2022 M8 Comp Convertible 2023 718 Cayman GTS 4.0 2019 718 Cayman Base 2015 M235 Manual On the list for the M2 CS
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