In Reply to: Need some advice on E30 M3's (also, rant included) posted by Micah Cranman on July 19, 2001 at 17:13:15:
The E30M3 is a great great car..
If you feel in any way that you are going to behave like Chris who replied
"I'd go for it" and has gotten a free car, free insurance, free gas, free everything
else and now free body repairs on a now totalled car along with a free new
paint job then please go buy the Nissan Maxima! It sounds like there is one
too many irresponsible hotheads on the road in an E30M3 and he's lucky he
did not take his own life or one of his friends while mickey mousing around
on the back roads...! That said, it appears that you are at least a little more
mature as you have the ability to fund this venture yourself.
Your father has some very valid concerns, the most important one being
that he hopes that you do not follow in Chris' tracks (off the road)... The
second most important one (to him) is the insurance... I am going to imagine
that your father is a lot less willing to pay out of pocket for your errors than
Chris and "Daddy Worbucks".
So..... the mature thing to do is to tell your father that you understand
his concerns, and that you would like to purchase the M3.. The M3 is a safer
car due to it's higher quality construction, it will hold it's value better than the
Maxima, and being an older car, just might be less to insure than the 1997
car... Regarding repair costs, it will certainly cost more to repair than any
Japanese car, but you are willing to learn to work on the car and you can do
a lot of the minor and some of the major maintenance yourself, with the help
of the E30M3 SIG at http://www.bimmers.com/m3/sig/ and any other local
E30M3 owners as well as the folks on the roadfly forum.. You have the
monetary funds to afford the car, insurance, and repairs, but still need his
assistance as a cosigner on the loan.. Contrary to the person who posted
earlier, you should have relatively few repairs on a car that is priced around
10-12.5K.. especially if you can find a car under 80K mileage and cars like
this are not too hard to find (in my six years of ownership from 40K to 130K
I did not incur major repairs until about 120K)..
Now... the kicker.. tell your father that you absolutely REFUSE to put
his insurance in jeopardy (not to mention the shady manner in which he offerred
to insure your car- or has done in the past?!) and that you will locate and fund
your own insurance, albeit at a much higher rate, in order to insure that there
are no future problems... Your willingness to pay this higher amount for insurance
is also a dedication to yourself to drive the car in a responsible manner so as not
to make said insurance rates even higher...
Then, if all goes well, you only have to do as you promised, go to college,
don't drink and drive on campus (or anywhere else), get a good job, and
live happily ever after..
91 ///M3 2.5L (six years of ownership)
31 years of age (*old enough to know better, but still young enough to go ahead and do it*)
claim adjuster for State Farm Insurance