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View Poll Results: How would you spend $40k in this specific situation?
$40k very nice E90 M3 30 42.86%
$30k '08 higher mileage E90 M3 + $10k higher mileage S2000 7 10.00%
$10k reliable/safe/boring DD + $30k badass track/fun car (Elise, C6, etc.) and 21 30.00%
Other 12 17.14%
Voters: 70. You may not vote on this poll

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      10-14-2015, 05:39 PM   #1
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Car dilemma - how would you spend $35-40k in my situation?

I'm at a crossroads with what car(s) would fit my lifestyle best. A basic "about me":

-31, just married

-Plan on kids in 1-2yrs so will need a sedan. Wife has a '13 C350 and can't drive manual (I require 3 pedals!), but can't rely on that in case I have to pick up kids from daycare or whatever

-Currently have fairly nice stock '02 S2000 (worth ~$15k, owe ~$6k), and $25k in the bank from selling my beloved E39 M5.

-Current car use: A) easy 10 miles each way commute, all highway and no traffic, which is nice but rather boring, while also highlighting all of the S2k's weaknesses and none of its strengths, and B) 3-4 trackdays/yr. Once we have a kid, daily driving duties will surely increase a bit while tracking will probably fall to 2x/yr or so. We also have some great driving roads somewhat nearby for weekend romps.

-No garage or space to work on my car (Bay Area FTL), which really sucked when I had a needy E39 M5 along with my S2k, and continues to suck. When I need to do basic maintenance or brake pad swaps for the track, I either have to borrow/rent garage space or do it at the track before/after the event.


My plan was to sell the S2k in the next year or so, leaving me with $35-40k to spend on an E90 M3. Given my no-garage living situation, which will likely continue for the foreseeable future (3-bd townhouse w/garage is $800k+), I figured an E90 would be a good blend of my former E39 M5 and S2000, and having one car for everything would keep life simple. Even keeping both cars clean before was driving me nuts.

However, recent discussions and thinking are making me kind of not excited to make the M3 my track car as well as everything else. It's fast and well-mannered on track for sure, but negatives are many:

A) Costs a lot more to track... my S2k front rotors are $50 vs. hundreds, tires are 16"/17" vs. wider 18"/19"s, etc.
B) Would be financially ruinous to have a catastrophic "off" with vs. merely highly inconvenient...
C) Weighs 900lbs more
D) Is rather less direct and focused
E) Has somewhat suspect brakes for hard track use, even with pads/fluid/etc.
F) Is less reliable and worry-free than the bulletproof S2000

Also compounding my quandary is the fact that my commute is a boring 70mph cruise both ways. Yes, it's annoying in the cramped, noisy S2000 - the M3 would be much better, but would it really be much different than say an old Accord in terms of getting me to/from work comfortably? I'm not so sure.

I guess the M3 that I thought would be my one solution to rule everything might not be so great for my specific needs - it will be in many ways inferior to my current car on the track, and my short yet monotonous commute doesn't allow it to shine much. In the meantime, it will be expensive to maintain and keep fueled up, and I'd be tying up a lot of money (for me) in just one car. There's a certain excitement from getting to drive a newish, awesome car all the time, but in reality I wonder if it's what would make me happiest. Even just having a dedicated track car would be nice in terms of not having to swap things out or get it back to "daily driving mode."

So given $35-40k and these needs, what would you do?

*Nice, minty '09+ E90 M3 to do everything well? This seems both great (drive a sweet car all the time) and a compromise (expensive, abusing my DD, track considerations).

*Allocate $10k to an S2000 (I'd probably sell mine and get a cheaper one if I made it a mainly-track car) and $30k to a higher-mileage '08 M3?

*Go nuts and spend $30k on an Elise to maximize fun days, leaving $10k for a reliable and safe but relatively boring DD to get me around (TSX, E46 330, '06 Civic, etc.)? It would be awesome to own/track an Elise, but A) I probably wouldn't get to use it often and B) I dunno if I can stand spending 90% of my driving in a car I'm not very interested/excited about.
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      10-14-2015, 06:16 PM   #2
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That's a lot of back-story.

Without either a garage, reserved underground parking or a private driveway - I certainly would not ( excluding your wifes car ) go the two car route.
Keep the Honda but be cautious and fiscally responsible with any upgrades.

It's normal to itch for new things, finding faults with your present toy and imagining the virtues of a new toy is how are brains are wired. Your 31 and start now accumulating cash for a toy because in the future a better toy will become available and it will truly be the thing you waited a lifetime for and you'll have the cash to buy it.
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      10-14-2015, 06:30 PM   #3
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I was in a somewhat similar situation. I ended up with an 08 e90 m3 with 38k miles 2.5 years ago. It'll put a smile on your face every time you start it. For $40k you can find a 2010-11 with under 40k miles. Hold out for a good car.

I can't find another car that I can enjoy as much. Save up for certain repairs like throttle actuators and you'll be fine.
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      10-14-2015, 06:36 PM   #4
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I had an e46 M3 and my e90 335i for a few years...a nice balance and both for less than 40k...the e46 M3 was just an awesome car. My .02
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      10-14-2015, 06:38 PM   #5
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Quote:
Originally Posted by ScottSinger View Post
That's a lot of back-story.

Without either a garage, reserved underground parking or a private driveway - I certainly would not ( excluding your wifes car ) go the two car route.
Keep the Honda but be cautious and fiscally responsible with any upgrades.

It's normal to itch for new things, finding faults with your present toy and imagining the virtues of a new toy is how are brains are wired. Your 31 and start now accumulating cash for a toy because in the future a better toy will become available and it will truly be the thing you waited a lifetime for and you'll have the cash to buy it.
Yeah, sorry for the long post. I wanted to give a proper background because people's answers will be very different if they're just thinking about their own situation rather than mine.

The problem is I can't keep the Honda as my only car for much more than a year - I'll need a more family-friendly car in the next 1-2yrs. I am intending to hold out with just the S2k as long as I can, as it's cheap to run and doesn't depreciate. Meanwhile my M5 proceeds grow in investments and E90 M3s (and other cars) depreciate.
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      10-14-2015, 07:10 PM   #6
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Take the responsible route: ditch the Honda, keep your S2k and lease something inexpensive as a daily driver.
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      10-14-2015, 07:22 PM   #7
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Quote:
Originally Posted by okusa View Post
Take the responsible route: ditch the Honda, keep your S2k and lease something inexpensive as a daily driver.
I'm not sure what you mean - I only have an S2k right now. Not a big fan of leases - I sold my M5 for quite a bit more than I paid after years of use, and my S2k should also sell at a profit. I like that

As more background, I do have a good amount saved due to saving/investing ever since I was very young (I'm talking all the money I ever got for Xmas/Bday since I was 6, put into mutual funds since I was 10). Granted most of that is locked up in retirement accounts, but I don't want to leave the impression that I'm spending every penny on cars. In fact, selling the S2k and spending $35k would allow me to ditch the $226/mo payment I have right now for the S2k (couldn't pass up 1.74% thru PenFed) and own whatever I get outright.

I've only owned 3 cars in my life, so I'm not one to jump around. In fact, if I do go the E90 M3-only route, I plan on getting a nice example +warranty so that I can keep it for a good long while (had my E39 M5 for 6.5 years).
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      10-14-2015, 07:38 PM   #8
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Sorry, read the thread too quickly. If you are dead set on an E90 M3, and you are planning on keeping it for several years, I wouldn't recommend anything older than an '11. If you do plan on tracking it just be prepared for the mod bug to hit since as awesome as it is stock, it just gets better and more capable with mods. Also, be aware that oil changes are expensive and should be done often if you track and street mileage sucks.
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      10-14-2015, 08:24 PM   #9
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Dump the broad and get a used Z06 or a Viper, rip it up.

Doh, saw you're married. Sorry, it's over for you.

;D
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      10-14-2015, 09:30 PM   #10
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Should of kept that e39. You're hopeless from now on lol.
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      10-15-2015, 08:42 AM   #11
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Sell the S2K & get a 09+ CTS-V
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      10-15-2015, 10:21 AM   #12
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Quote:
Originally Posted by okusa View Post
Sorry, read the thread too quickly. If you are dead set on an E90 M3, and you are planning on keeping it for several years, I wouldn't recommend anything older than an '11. If you do plan on tracking it just be prepared for the mod bug to hit since as awesome as it is stock, it just gets better and more capable with mods. Also, be aware that oil changes are expensive and should be done often if you track and street mileage sucks.
I did learn from my E39 that Bimmers age from both a miles and years perspective. Rubber parts wearing out, plastic parts crumbling from heat, etc. If I spend it all on an M3 I'll get pretty much the nicest one I can, because as an N/A and MT fan, they don't make sedans like that anymore.

I'm used to expensive oil changes and frequent fill-ups from the M5 - not ideal, but comes with the territory.
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Should of kept that e39. You're hopeless from now on lol.
Haha, I LOVED that car. But after 6.5 years and with an offer from a good friend far above market value, I thought it was best to let it go. It got old constantly addressing issues, and my friend is nearby and gives me visitation rights (incl. driving) as well as first right of refusal if he sells. Only way I would've let it go. Ironically, he had an E92 M3 ZCP a couple of years ago.
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Originally Posted by BoostedRide View Post
Sell the S2K & get a 09+ CTS-V
I love the CTS-V, but too big and heavy for an only car IMO. CTS-V plus a track car would be awesome, but that's a little above my budget right now. Maybe later - would totally rock a 6MT wagon!
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      10-15-2015, 11:38 AM   #13
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If you really want an e90 m3 then I say go for it. But find the nicest/newest/lowest mileage one you can. As others have said a 2011 would be the best bet (ZCP would be great). The car does guzzle gas, insurance will be slightly higher than say a 335i, and repairs/regular maintenance is a bit more pricey but they are great cars and you shouldn't be too worried about engine problems or anything. Good luck in your search!
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      10-15-2015, 12:14 PM   #14
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Quote:
Originally Posted by -BEASTMW- View Post
I did learn from my E39 that Bimmers age from both a miles and years perspective. Rubber parts wearing out, plastic parts crumbling from heat, etc. If I spend it all on an M3 I'll get pretty much the nicest one I can, because as an N/A and MT fan, they don't make sedans like that anymore.

I'm used to expensive oil changes and frequent fill-ups from the M5 - not ideal, but comes with the territory.

Haha, I LOVED that car. But after 6.5 years and with an offer from a good friend far above market value, I thought it was best to let it go. It got old constantly addressing issues, and my friend is nearby and gives me visitation rights (incl. driving) as well as first right of refusal if he sells. Only way I would've let it go. Ironically, he had an E92 M3 ZCP a couple of years ago.

I love the CTS-V, but too big and heavy for an only car IMO. CTS-V plus a track car would be awesome, but that's a little above my budget right now. Maybe later - would totally rock a 6MT wagon!
They sell for under $40k now. Might feel big & heavy, but check out the specs. They handle very well. I wouldn't doubt it if it is better than the M3.
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      10-15-2015, 12:16 PM   #15
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Get a 997.2, should be more reliable, and easy as a daily and good for track days too.
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      10-15-2015, 12:32 PM   #16
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Quote:
Originally Posted by omegaSMP300 View Post
If you really want an e90 m3 then I say go for it. But find the nicest/newest/lowest mileage one you can. As others have said a 2011 would be the best bet (ZCP would be great). The car does guzzle gas, insurance will be slightly higher than say a 335i, and repairs/regular maintenance is a bit more pricey but they are great cars and you shouldn't be too worried about engine problems or anything. Good luck in your search!
Thanks! Since I don't go to the track all that often, I'm leaning a bit toward just a nice E90 M3. Would keep life simple, and I adored my E39 M5. This would be similar while adding a good dose of agility and newness.

I do have a hard time with the price difference between '11s and '08s. It's like a ~$10k difference for what amounts to pretty minor changes (iDrive is much better, LCI tails are nice, but $10k?). But I guess age factors heavily if I'm going to keep if for 5 years or so. Either way, I plan on a warranty.
Quote:
Originally Posted by BoostedRide View Post
They sell for under $40k now. Might feel big & heavy, but check out the specs. They handle very well. I wouldn't doubt it if it is better than the M3.
You're talking to a guy who took the A/C and P/S out of his DD Integra... I don't think I could drive a 4,400lb car and have nothing else. Although a great excuse for a test drive to be sure
Quote:
Originally Posted by aloksatoor View Post
Get a 997.2, should be more reliable, and easy as a daily and good for track days too.
I had my heart set on this for quite a while (although a 997.1S instead - 997.2S hasn't dropped much below $60k yet). However, I think dealing with rear-facing car seats will end up being a major hassle. I hear it handles kids pretty well when they're a little older (from age 3-4 up to 10-12) so maybe a 911 will be the next step after M3. I drove a 997.1S and loved it, great all-rounder and quite track worthy.
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      10-15-2015, 01:55 PM   #17
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Quote:
Originally Posted by -BEASTMW- View Post
I do have a hard time with the price difference between '11s and '08s. It's like a ~$10k difference for what amounts to pretty minor changes (iDrive is much better, LCI tails are nice, but $10k?). But I guess age factors heavily if I'm going to keep if for 5 years or so. Either way, I plan on a warranty.

I had my heart set on this for quite a while (although a 997.1S instead - 997.2S hasn't dropped much below $60k yet). However, I think dealing with rear-facing car seats will end up being a major hassle. I hear it handles kids pretty well when they're a little older (from age 3-4 up to 10-12) so maybe a 911 will be the next step after M3. I drove a 997.1S and loved it, great all-rounder and quite track worthy.
E90 is a terrific car. My friend has a 2011.5 fully loaded (zcp, extended leather, rare sun shade etc) Space Grey/Black with 23k miles wonder if he would consider selling.

I had a 997.2 Targa 4s myself and it was a joy. Not quite as comfortable as the e90 m3 or as practical but with small kids very doable. Unfortunately, as you stated prices have definitely not dropped (which I think is great for Porsche but not so much for perspective buyers).

I think you can find a 2010 (minimum for upgraded nav) or a 2011 with low miles in the low 40s and it will be worth it (especially a ZCP car only 125ish of them nation wide). You sound like you would keep the car for awhile so a little more to get what would be a terrific DD seems worth it.
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      10-15-2015, 02:07 PM   #18
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Quote:
Originally Posted by omegaSMP300 View Post
E90 is a terrific car. My friend has a 2011.5 fully loaded (zcp, extended leather, rare sun shade etc) Space Grey/Black with 23k miles wonder if he would consider selling.

I had a 997.2 Targa 4s myself and it was a joy. Not quite as comfortable as the e90 m3 or as practical but with small kids very doable. Unfortunately, as you stated prices have definitely not dropped (which I think is great for Porsche but not so much for perspective buyers).

I think you can find a 2010 (minimum for upgraded nav) or a 2011 with low miles in the low 40s and it will be worth it (especially a ZCP car only 125ish of them nation wide). You sound like you would keep the car for awhile so a little more to get what would be a terrific DD seems worth it.
Thanks. There is a local '11 ZCP that is *exactly* what I want down to the very rare interior (extended beige leather... I really don't want black again), but I think I'm gonna wait it out until I really need 4 seats. In the meantime, my invested savings will hopefully continue up, M3s will continue down, and I'll keep enjoying tracking the S2000 while having cheap running costs on it.

I thought '09 was the year they upgraded nav? That actually seems like a sweet spot (cheaper and with all the '11 updates I believe, except for ZCP), but '09-'10 sedans are really rare. They're pretty much all '08s or '11s, and '11s there are fewer manuals. FYI there were actually 1,220 ZCP sedans shipped to NA, about 1/3 of the '11 total.
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      10-15-2015, 02:14 PM   #19
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Quote:
Originally Posted by omegaSMP300 View Post
I think you can find a 2010 (minimum for upgraded nav) or a 2011 with low miles in the low 40s and it will be worth it (especially a ZCP car only 125ish of them nation wide). You sound like you would keep the car for awhile so a little more to get what would be a terrific DD seems worth it.
I thought the upgraded nav started in 2009+ models?
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      10-15-2015, 02:54 PM   #20
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Quote:
Originally Posted by -BEASTMW- View Post

I thought '09 was the year they upgraded nav? That actually seems like a sweet spot (cheaper and with all the '11 updates I believe, except for ZCP), but '09-'10 sedans are really rare. They're pretty much all '08s or '11s, and '11s there are fewer manuals. FYI there were actually 1,220 ZCP sedans shipped to NA, about 1/3 of the '11 total.
Quote:
Originally Posted by m3m3mr View Post
I thought the upgraded nav started in 2009+ models?
You guys are right. It was 2009.

No way there was 1220 ZCP sedans. Really? I have a list of 125ish (I compiled it myself). I was almost certain the 2011 ZCP numbers were really low. I though 1220 was the number of sedans total or zcp cars (including coupes).

Definitely, make sure to get the colors/options you want when the time comes. 2011.75s will have BMW Apps and there might have been a couple of other changes I can't remember.
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      10-15-2015, 03:13 PM   #21
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Quote:
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You guys are right. It was 2009.

No way there was 1220 ZCP sedans. Really? I have a list of 125ish (I compiled it myself). I was almost certain the 2011 ZCP numbers were really low. I though 1220 was the number of sedans total or zcp cars (including coupes).

Definitely, make sure to get the colors/options you want when the time comes. 2011.75s will have BMW Apps and there might have been a couple of other changes I can't remember.
According to the E90 production stats, yep. I've also seen enough ZCPs for sale to know it must be more than 125. I'd say roughly half the '11s I see FS are ZCPs which jives with the ~1/3 of LCIs being ZCPs.

According to the stats, there were 5,867 E90 M3 sedans in US/CAN. 2,080 of the 2,280 '08 sedans were manuals, but only 1,055 of the 3,587 '09+ sedans were. So when you narrow down to LCI manual sedans, preferably with ZCP and other desired options, in the right color (personally, I refuse to have a black interior or exterior this time around), it becomes hard to find a nice one at a good price, even nationwide. Luckily I have a lot of time to search.
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      10-15-2015, 05:49 PM   #22
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Very nice E90 M3.
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