BMW X5
BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read

Post Reply
 
Thread Tools Search this Thread
      04-15-2020, 11:23 AM   #1
colorado.e9x
eBay Special
colorado.e9x's Avatar
United_States
3051
Rep
3,024
Posts

Drives: E90 330xi
Join Date: Feb 2018
Location: Western Slope, Colorado

iTrader: (1)

Garage List
2007 BMW 328xi  [9.50]
2006 BMW 330xi  [10.00]
How are you spending your stimulus check?

I'll probably keep most of it and buy a few things I've had in my Amazon shopping cart for awhile
__________________
Common sense is a flower that does not bloom in everyone's garden
Appreciate 0
      04-15-2020, 11:26 AM   #2
MPOWER5266
Major
4750
Rep
1,189
Posts

Drives: 1997 Dinan m3
Join Date: Oct 2017
Location: Ga

iTrader: (0)

Most of it will go into savings since I have twins on the way. I may set some aside to go out to bars and restaurants when this is over and tip like a boss.
Appreciate 0
      04-15-2020, 11:26 AM   #3
rcracin
Major
1238
Rep
1,285
Posts

Drives: M3
Join Date: Jul 2012
Location: NYC

iTrader: (3)

Pretty sure most owners here aren’t eligible for a stimulus check. And if anyone on here is, they should reconsider their priorities and whether they should be owning an m3 while being eligible for a government stimulus payment.
Appreciate 19
Hawkeye2069.50
premier3is1627.00
upstatedoc7555.50
Humdizzle6024.00
unluky7465.00
rebekahb3128.50
SakhirM410783.00
bm4w144.50
minn1913970.00
Afam28296.50
vtown99.00
paliknight2186.50
      04-15-2020, 11:29 AM   #4
racerbruce
Brigadier General
racerbruce's Avatar
3849
Rep
3,004
Posts

Drives: 21 X3 & 13 335is E93
Join Date: Dec 2009
Location: Seattle

iTrader: (1)

Giving our checks away to our daughters, a friend that is struggling financially at this time, the local food bank and the local housing alliance that reaches those near the brink of collapse.
__________________
Racerbruce
Appreciate 13
King Rudi13152.00
cmyx6go15561.50
tom @ eas8056.00
Conissah1574.50
MPOWER52664750.00
ky0u1065.50
Humdizzle6024.00
GERMAN M34176.50
minn1913970.00
exE36M3486.00
      04-15-2020, 11:31 AM   #5
MPOWER5266
Major
4750
Rep
1,189
Posts

Drives: 1997 Dinan m3
Join Date: Oct 2017
Location: Ga

iTrader: (0)

Quote:
Originally Posted by rcracin View Post
Pretty sure most owners here aren’t eligible for a stimulus check. And if anyone on here is, they should reconsider their priorities and whether they should be owning an m3 while being eligible for a government stimulus payment.
Or they own several cars, file jointly and have a couple businesses that take losses or slight gains every year.
Appreciate 1
jmg18493.00
      04-15-2020, 11:31 AM   #6
aozer
Lieutenant
aozer's Avatar
995
Rep
598
Posts

Drives: M235i
Join Date: Sep 2016
Location: Texas

iTrader: (0)

does everybody get a stimulus check, or how does it work? i have done no research since i am still employed and dont really have the need for it at the moment.
Appreciate 0
      04-15-2020, 11:33 AM   #7
spazzyfry123
Lieutenant Colonel
spazzyfry123's Avatar
4307
Rep
1,912
Posts

Drives: Here and There
Join Date: Jul 2013
Location: North Georgia Mountains

iTrader: (1)

Garage List
Quote:
Originally Posted by rcracin View Post
Pretty sure most owners here aren’t eligible for a stimulus check. And if anyone on here is, they should reconsider their priorities and whether they should be owning an m3 while being eligible for a government stimulus payment.
What’s your threshold? Any family making <$150k shouldn’t own a Bimmer regardless of living situation? Not trying to push the thread in a different direction, but that seems like an odd... bleh never mind.
Appreciate 7
MPOWER52664750.00
King Rudi13152.00
Conissah1574.50
Clark_Kent2208.00
minn1913970.00
      04-15-2020, 11:37 AM   #8
King Rudi
Lieutenant Colonel
King Rudi's Avatar
13152
Rep
1,965
Posts

Drives: Meat Suit
Join Date: Sep 2017
Location: Planet Earth

iTrader: (0)

Quote:
Originally Posted by rcracin View Post
Pretty sure most owners here aren’t eligible for a stimulus check. And if anyone on here is, they should reconsider their priorities and whether they should be owning an m3 while being eligible for a government stimulus payment.
Remember 6.6 million filed for unemployment. Just because someone owns a M3 doesn't mean they didn't lose their job or furloughed. A person is eligible for a stimulus check if they have adjusted gross income up to:

$75,000 for individuals
$112,500 for head of household filers and
$150,000 for married couples filing joint returns

So what you are saying is if a person makes less than $75k/year we should reconsider our priorities? No disrespect but I disagree. I don't own a M3 but $75k in my area is considered winning. The average income of a resident here is $18,780 a year. The US average is $28,555 a year. - The Median household income of residents here is $27,946 a year.

Stimulate me. I'll take it and put it in savings.

Quote:
Originally Posted by racerbruce View Post
Giving our checks away to our daughters, a friend that is struggling financially at this time, the local food bank and the local housing alliance that reaches those near the brink of collapse.
You're a good man racerbruce
__________________
Quote:
Originally Posted by jmg View Post
We're Americans. Leave your logic and science witchcraft out of this! Jesus and guns are all we need.

Last edited by King Rudi; 04-15-2020 at 12:47 PM..
Appreciate 3
vreihen1614885.00
JDMSteven463.00
      04-15-2020, 11:37 AM   #9
ny325
Brigadier General
895
Rep
3,139
Posts

Drives: Jet Black E90
Join Date: Feb 2007
Location: Gridlock

iTrader: (0)

Adding it to my emergency funds. I hope this pandemic never comes back, or anything like it. Everyone stay safe.
Appreciate 2
vreihen1614885.00
nyalpine907381.50
      04-15-2020, 11:42 AM   #10
Hawkeye
Brigadier General
Hawkeye's Avatar
No_Country
2070
Rep
4,365
Posts

Drives: '07 Z4 Coupe, '21 X3, '16 GMC
Join Date: Aug 2007
Location: Iowa

iTrader: (0)

Garage List
Quote:
Originally Posted by aozer View Post
does everybody get a stimulus check, or how does it work? i have done no research since i am still employed and dont really have the need for it at the moment.
I believe you have to make under $75k as an individual of $150k if you file jointly. If you have kids it stacks on to that.

I am surprised as many people have responded they are getting one as have. I guess a lot of people have cars worth 50%+ of their annual income? Either than or you have a entry 3 series and your spouse just has a shitty car?
__________________
2007 Z4 3.0si Coupe • 6 MT • Black Saphire Metallic • PP • SP
2016 GMC Sierra SLT Z71 Premium Plus 4x4
2017 Harley StreetGlide • Denim Black • V&H Tune
2021 BMW x30i • Phytonic Blue Metallic • Fully loaded
Appreciate 2
King Rudi13152.00
minn1913970.00
      04-15-2020, 11:45 AM   #11
Hawkeye
Brigadier General
Hawkeye's Avatar
No_Country
2070
Rep
4,365
Posts

Drives: '07 Z4 Coupe, '21 X3, '16 GMC
Join Date: Aug 2007
Location: Iowa

iTrader: (0)

Garage List
Quote:
Originally Posted by Now_Rudi View Post
Remember 6.6 million filed for unemployment. Just because someone owns a M3 doesn't mean they didn't lose their job or furloughed. A person is eligible for a stimulus check if they have adjusted gross income up to:

$75,000 for individuals
$112,500 for head of household filers and
$150,000 for married couples filing joint returns

So what you are saying is if a person makes less than $75k/year we should reconsider our priorities? No disrespect but I disagree. I don't own a M3 but $75k in my area is considered winning. The average income of a resident here is $18,780 a year. The US average is $28,555 a year. - The Median household income of a resident here is $27,946 a year.

Stimulate me. I'll take it and put it in savings.



You're a good man racerbruce
First, you don't get the stimulus for being unemployed, you get it based on the last tax filing you made so that does not factor in at all.

Second, making $75k and buying a $50k+ car is not very smart, unless you are living with your parents and have no other living costs. Even if someone is above the median and are "winning" doesn't mean they should spend money recklessly.
__________________
2007 Z4 3.0si Coupe • 6 MT • Black Saphire Metallic • PP • SP
2016 GMC Sierra SLT Z71 Premium Plus 4x4
2017 Harley StreetGlide • Denim Black • V&H Tune
2021 BMW x30i • Phytonic Blue Metallic • Fully loaded
Appreciate 4
minn1913970.00
vtown99.00
paliknight2186.50
      04-15-2020, 11:46 AM   #12
ky0u
Captain
ky0u's Avatar
United_States
1066
Rep
943
Posts

Drives: e92 335i, f22 m235i, e30 325is
Join Date: Sep 2010
Location: San Diego

iTrader: (1)

Garage List
2015 BMW M235i  [0.00]
1988 BMW 325IS  [0.00]
2007 BMW 335i  [0.00]
Quote:
Originally Posted by Hawkeye View Post
I believe you have to make under $75k as an individual of $150k if you file jointly. If you have kids it stacks on to that.

I am surprised as many people have responded they are getting one as have. I guess a lot of people have cars worth 50%+ of their annual income? Either than or you have a entry 3 series and your spouse just has a shitty car?
I think that figure might be net? I made slightly over 100k last year gross and received $300. I read somewhere that the amount tapers down after 75k

Also a ton of people on bimmerpost have older cars / bought used, so their price tags are significantly lower

Last edited by ky0u; 04-15-2020 at 11:52 AM..
Appreciate 3
unluky7465.00
mc-m3204.00
      04-15-2020, 11:46 AM   #13
King Rudi
Lieutenant Colonel
King Rudi's Avatar
13152
Rep
1,965
Posts

Drives: Meat Suit
Join Date: Sep 2017
Location: Planet Earth

iTrader: (0)

Quote:
Originally Posted by Hawkeye View Post
I believe you have to make under $75k as an individual of $150k if you file jointly. If you have kids it stacks on to that.

I am surprised as many people have responded they are getting one as have. I guess a lot of people have cars worth 50%+ of their annual income? Either than or you have a entry 3 series and your spouse just has a shitty car?
Keep in mind, there may be other factors involved here as well though. I make decent money, my car cost about 36% of my yearly income. I also have less than $5k total debt (aside from car). House is paid off, I'm single and my kids are adults living on their own.
__________________
Quote:
Originally Posted by jmg View Post
We're Americans. Leave your logic and science witchcraft out of this! Jesus and guns are all we need.
Appreciate 0
      04-15-2020, 11:49 AM   #14
Mintsopoulos
Captain
Mintsopoulos's Avatar
United_States
664
Rep
606
Posts

Drives: '15 MW F80 6MT
Join Date: Aug 2019
Location: Chicago

iTrader: (0)

Just reading some of these comments...some pretty awesome and generous people in here. Kudos to you guys!

As for me...not sure well even get one, our banking information was screwed up on our tax forms without us catching it so our return couldnt be deposited and who knows whatll happen with this stimulus check.
__________________
Appreciate 0
      04-15-2020, 11:56 AM   #15
premier3is
Major
premier3is's Avatar
1627
Rep
1,002
Posts

Drives: 2019 BMW 330i M-Sport
Join Date: Jul 2019
Location: CA

iTrader: (0)

Don't think I'll get one. The ones who do, I hope you don't waste it and make good use of it where needed. Hopefully it helps.
Appreciate 0
      04-15-2020, 11:59 AM   #16
qba335i
First Lieutenant
390
Rep
329
Posts

Drives: 335i
Join Date: Feb 2011
Location: Chicago

iTrader: (0)

Quote:
Originally Posted by Now_Rudi View Post
Quote:
Originally Posted by Hawkeye View Post
I believe you have to make under $75k as an individual of $150k if you file jointly. If you have kids it stacks on to that.

I am surprised as many people have responded they are getting one as have. I guess a lot of people have cars worth 50%+ of their annual income? Either than or you have a entry 3 series and your spouse just has a shitty car?
Keep in mind, there may be other factors involved here as well though. I make decent money, my car cost about 36% of my yearly income. I also have less than $5k total debt (aside from car). House is paid off, I'm single and my kids are adults living on their own.
+1

Total net worth is a better metric. I have friends with a few million dollar portfolios and no debt (inherited money) that make 50-60k a year (salary) and friends that make 200-300k a year with little or no savings and some major debt.
Appreciate 4
King Rudi13152.00
arkie6397.00
jmg18493.00
      04-15-2020, 12:06 PM   #17
NorthCountryGuy
The Quiet One
NorthCountryGuy's Avatar
1711
Rep
624
Posts

Drives: M6, E70, E71
Join Date: May 2019
Location: I’m right here...

iTrader: (0)

Garage List
2013 X6 M  [0.00]
2013 M6  [0.00]
2013 X5 LCI 35i Spo ...  [0.00]
2013 X5 LCI 35i  [0.00]
Surprising to see BMW owner(s) with numerous mods being eligible to get these checks. Priorities skewed or you hide money well.
__________________
2013 M6 Coupe Sakhir Orange Metallic / Sakhir Orange \ Black Merino - The Prince
2013 X5 LCI 35i Jet Black / Black SensaTec - The Horse
2013 X5 LCI 35i Space Grey Metallic / Black Nevada // Sport Pkg - Daughter’s
2013 X6 M Sapphire Black Metallic / Black Merino \ Carbon Fiber - Son’s

Last edited by NorthCountryGuy; 04-15-2020 at 12:43 PM.. Reason: ‘or’ initially omitted
Appreciate 5
upstatedoc7555.50
minn1913970.00
P111541.50
paliknight2186.50
      04-15-2020, 12:14 PM   #18
Mingwan
Major
1891
Rep
1,338
Posts

Drives: X1 Individual custom paint
Join Date: Jan 2015
Location: Kansas

iTrader: (0)

So it’s 500 per kid or? If so I might have to make a quick trip to the orphanage. What’s the return policy on orphans?

Sweet, I might be able to get the next iPhone out of this along with a sick set of Apple AirPods with money on top. Might buy some random shit on Amazon I have zero need for.
Appreciate 7
      04-15-2020, 12:20 PM   #19
spazzyfry123
Lieutenant Colonel
spazzyfry123's Avatar
4307
Rep
1,912
Posts

Drives: Here and There
Join Date: Jul 2013
Location: North Georgia Mountains

iTrader: (1)

Garage List
Quote:
Originally Posted by Mingwan View Post
So it’s 500 per kid or? If so I might have to make a quick trip to the orphanage. What’s the return policy on orphans?

Sweet, I might be able to get the next iPhone out of this along with a sick set of Apple AirPods with money on top. Might buy some random shit on Amazon I have zero need for.
.
Attached Images
 
Appreciate 2
King Rudi13152.00
Mingwan1891.00
      04-15-2020, 12:25 PM   #20
aozer
Lieutenant
aozer's Avatar
995
Rep
598
Posts

Drives: M235i
Join Date: Sep 2016
Location: Texas

iTrader: (0)

Quote:
Originally Posted by Hawkeye View Post
I believe you have to make under $75k as an individual of $150k if you file jointly. If you have kids it stacks on to that.

I am surprised as many people have responded they are getting one as have. I guess a lot of people have cars worth 50%+ of their annual income? Either than or you have a entry 3 series and your spouse just has a shitty car?
ok, looks like i dont qualify.
Appreciate 0
      04-15-2020, 12:28 PM   #21
KennyFSU
Captain
KennyFSU's Avatar
1103
Rep
736
Posts

Drives: Lexus RC F
Join Date: Nov 2019
Location: Florida

iTrader: (0)

Garage List
I got mine today, saving it until things get back to normal.
__________________
Estoril Blue E36M3
Mineral Grey M235ix/12.02 @ 115
Ultra White Lexus RC F
Appreciate 1
      04-15-2020, 12:34 PM   #22
lsturbointeg
Lieutenant General
lsturbointeg's Avatar
United_States
9149
Rep
14,522
Posts

Drives: 2011 535i Jet Black
Join Date: Aug 2014
Location: Asian lost in OH

iTrader: (0)

i don't get the whole if i make only XX$$ that i shouldn't own a BMW??
__________________
~F90Conversion~21"3Piece Forged AvantGardeWheels~KWV1Coilovers~CQUENCE slotted/drilled rotors~GoodridgeStainlesslines~MeisterschaftQuadEx haust~Akrapovic 4"tips~VRSF DP~VRSF CP~TurboSmart BOV~K&N filter~CarbonFiberExteriorComponents~GladenAlphaCo mponents~MatchUp7BMW~Punch P300-12T~
Follow me on Instagram: lsturbointeg
Appreciate 9
King Rudi13152.00
Conissah1574.50
vreihen1614885.00
spencers199.00
Clark_Kent2208.00
Ngilbe361618.50
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 10:03 AM.




xbimmers
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST