Just feeling sad.

[cOlDFuSiOn]

Hey man, this really is not a cool spot to be in but I'm with the other guys on this why are you fixing things that don't need fixing? I have a scratched bumper curb rash on 3 mags and swirl marks to sort on my F30, a scratched rear bumper on the F20 bit it's such a waste to fix it? So I am rather buying car cleaning tools now to avoid spending too much at washbays in the long run.. So rather spend money on things you need! :thumbs:

 

[CliftonH]

Yea maybe go to the bank and see what the total outstanding amount is.

Then take the amount to settel everything.

Some times the bank will help you out.

Better paying off one amount per month than many.

I did the same, A mate of mine gave me 20k to settle my Credit card, Edgars and a few other things.
I paid him back interest free.

Lol. U put a smile on my face. I wish we all had friends like that.

 

[Sabretooth tiger]

bro, in your situation you are in, buying a smaller car to use for work is adding more strain on your finances. Rather do as Moranor suggested, and fix what you have to now, and hold out on the rest.

 

[CliftonH]

Hey bud,

sorry to hear youve had a bad run with the car.

Maybe you should consider putting an aftermarket warranty / service plan on the car so that you dont incure any of these unforseen charges over 2 years. They extend for 2 years at a time and the pricing is very reasonable.

I would be more than happy to help you get a quote from a company called driveplan. Let me know if I can help, pop me a PM and I will guide you through your options and assit where I can.

+1 dude!

My dads has had most of his e46 replaced under SA warranties.
I think he pays 200 odd bux Per month and it has saved hiz ass many times.

R200 is cheap. My only problem is then u have to tske it to an accredited mech for every small thing. Like brakes I can do myself. But with warranty I will void any warranty if I touch anything isn't

 

[Photokid]

You need to re-position yourself financially.

Debt is your biggest risk in the current economy, you should be trying to reduce it as much as possible. Ideally, you should also have a short term liquid savings reserve to protect yourself from all these ad hoc expenses that tend to arrive unannounced; and you should know that owning a BMW has associated costs which you must budget for.

Taking loans for mods is a very bad idea. Stop this right now. At an extremely basic level, part of the decision to spend money on anything which is not essential, should be considering whether you have your short term reserve fund up to scratch, and if you have debt which needs reducing.

I know I am being harsh here, but you need to understand that you have created this situation for yourself. Times are tough out there, and the economy is not going to do you any favours in the short term. You need to protect yourself (saving, reducing debt), and not expose yourself to more risk (taking on new/unnecessary debt, over extending yourself).

this.
you need to be strict with yourself.
You seem to be spending too much on the vehicle whilst it is not necessary. Leave the rim, leave the door(I'm not sure what's the extent of the damage there though) for when you have extra cash.

You also need to weigh up your income vs the cost of upkeeping the 320d. It may cost only R100k, it worth double when new, but parts and wear & tear items are pricey than a vehicle costing R100k new.

 

[CliftonH]

Hey man, this really is not a cool spot to be in but I'm with the other guys on this why are you fixing things that don't need fixing? I have a scratched bumper curb rash on 3 mags and swirl marks to sort on my F30, a scratched rear bumper on the F20 bit it's such a waste to fix it? So I am rather buying car cleaning tools now to avoid spending too much at washbays in the long run.. So rather spend money on things you need! :thumbs:

I wish I could control myself. I know what debt does. But I'm impulsive.
Show me anew mag for my car and I want it. No stories or excuses.

That's how I am. I don't know why.

 

[Photokid]

Hey man, this really is not a cool spot to be in but I'm with the other guys on this why are you fixing things that don't need fixing? I have a scratched bumper curb rash on 3 mags and swirl marks to sort on my F30, a scratched rear bumper on the F20 bit it's such a waste to fix it? So I am rather buying car cleaning tools now to avoid spending too much at washbays in the long run.. So rather spend money on things you need! :thumbs:

I wish I could control myself. I know what debt does. But I'm impulsive.
Show me anew mag for my car and I want it. No stories or excuses.

That's how I am. I don't know why.

well, stop yourself, else you won't have money to run a house, or a car, or even have a car, or a house.

Does your wife control finances well? Let her do it, else make it a point to discuss every purchase with her beforehand, so that you don't spend unnecessarily.

Give yourself a month before any new purchase or spending and see if it still is that important.

 

[Sabretooth tiger]

I tell you its not easy bru, been there. But once you make it a lifestyle, being disciplined is gona free your life up so much of stress.

 

[Sabretooth tiger]

how bad is the door, can it be fixed?

 

[CliftonH]

You need to re-position yourself financially.

Debt is your biggest risk in the current economy, you should be trying to reduce it as much as possible. Ideally, you should also have a short term liquid savings reserve to protect yourself from all these ad hoc expenses that tend to arrive unannounced; and you should know that owning a BMW has associated costs which you must budget for.

Taking loans for mods is a very bad idea. Stop this right now. At an extremely basic level, part of the decision to spend money on anything which is not essential, should be considering whether you have your short term reserve fund up to scratch, and if you have debt which needs reducing.

I know I am being harsh here, but you need to understand that you have created this situation for yourself. Times are tough out there, and the economy is not going to do you any favours in the short term. You need to protect yourself (saving, reducing debt), and not expose yourself to more risk (taking on new/unnecessary debt, over extending yourself).

I agree I brought this on myself.
I do have a savings account. But its on 1000 cause I keep drawing from it. Its just been too much too soon.

If I can get a break of abt 10months where I don't have to spend on anything. I can sort myself out.

My total debt is only around 50 000.

With me not paying for the car. If I don't spend on any unexpected cost. In a year I can free that 50 000. But every month for the past few months expenses have been so much.

Things are just coming up.

Not all car related. But all expenses.

 

[Sabretooth tiger]

so your car is paid off? then just fix what you truly HAVE to for the next few months, till things look better.

 

[Kyle]

I think he means if he sells the car, he wouldn't have that instalment to pay?

 

[CliftonH]

Hey man, this really is not a cool spot to be in but I'm with the other guys on this why are you fixing things that don't need fixing? I have a scratched bumper curb rash on 3 mags and swirl marks to sort on my F30, a scratched rear bumper on the F20 bit it's such a waste to fix it? So I am rather buying car cleaning tools now to avoid spending too much at washbays in the long run.. So rather spend money on things you need! :thumbs:

I wish I could control myself. I know what debt does. But I'm impulsive.
Show me anew mag for my car and I want it. No stories or excuses.

That's how I am. I don't know why.

well, stop yourself, else you won't have money to run a house, or a car, or even have a car, or a house.

Does your wife control finances well? Let her do it, else make it a point to discuss every purchase with her beforehand, so that you don't spend unnecessarily.

Give yourself a month before any new purchase or spending and see if it still is that important.

My wife is worst then me. But its not crritical. Its a thought. Sad thought. But a thought.

The only discipline I have is that I don't touch my salary till debit orders goes off.

---

Yes car is free. That's where the problem started. But actually was a blessing.
The insurance wrote it off for a small damage.

The first debt I took was 40 000 to buy the car back from insurance.
Also its not a code 3. They issued me orignal papers.

Door is bad but works fine. But I am getting a door at a steal from botjie on the forum. It will cost more later really. R3000 for complete door.
Cause I need door and window mechanism. I can afford to buy that cash also to spray I will pay cash cause I get a bonous end of july. Small bonus. Should be around 13000 after tax.

But I need to use the rest on the house. The front wall needs to be raised. Have had 3 break ins in the last month. But not the house. Stole stuff from the garage.

 

[Nick]

My dad and i do brakes and small thing ourselves.
All the big stuff we take to MotoTech to do.
They almost rebiult my dad e46 by now lol

 

[sash]

First suggestion, leave the repair for next month. Don't add more debt. Depending how much benefit you are going from the intercooler, I would consider trying to recoup some costs from there.

A few years ago I decided to get rid of my credit card and only work with cash, over draft for extreme situations. The benefits are amazing, I only work cash basis and save for things I want. Yes there's always the unexpected but being able to save almost instinctively makes it much easier. Apparently we need to be able to up to 30 % of our income in some way or form, that's my aim.

I am considering getting another credit card now for the benefit of my credit rating.

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[AdiS]

Yes there's always the unexpected but being able to save almost instinctively makes it much easier. Apparently we need to be able to up to 30 % of our income in some way or form, that's my aim.

A good rule of thumb is to have about 3 months worth of expenses saved up for emergencies and unexpected costs.

 

[Nick]

I make sure i have my car installment amount spare every month so it revolves from month to month.
Then atleast i know that if i need anything i have +-3k to play with if i need anything.

Modds only get done when i have more cash over and above the 3k base line.
Increase comes this month so ill put that ontop of the 3k every month.

Its hard to save and wait for what you really want but its worth it in the end not having to pay all the interest.

 

[ChrisBrand]

Oeee Eh Eh..only necessary repairs is enough!

Unfortunately none of us can really help you out of this situation. Like it has been stated, you made the loans so now it must be dealt with.

NEVER lend money for mods! Lending any money should be a last resort!

If you can't pay it straight up, don't buy it.

Stuff happens when you least expect it.

What if your brake warning lights come on now and you have to replace them? Thats a necesity for a car but you don't have the cash?

Take the decision today to leave the car as is and enjoy it like that. Only do necessary repairs/maintenance.

And go sit with your significant other and BUDGET. Cut unecessary expenses. Save where you can.

All the best buddy and hope you get it sorted.

 

[KevinC]

3 break ins in 1 month??? Dude!!! Maybe you need to consider changing your neighborhood first...just my 2c...

 

[swazi85]

Sell it and use the loot to make more loot

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