Andy M3

There is a bloke who works next door to where i do. He is the MD of the company but loves his BIG beemers.........

So he bought a S or T reg (can't quite remember) 750il beemer (new) to replace his older 750il. So i was shocked when i saw his latest car today - an 05 reg 760 !!!

it is beyond me why he has to have that model - maybe it is a top of the range requirement he has - but spending £80000+ on a car that he can sell for £15000 in 5 years is not my idea of a 'wise' buy.

How do these people stay in business !?!?

Patt@firstime

When I saw the title of this thread I thought BM 7 series straight away

john banks

Are they quite a good buy used then or do they cost ££££ to run apart from the obvious petrol? V12 yummy

dazc

Could write some of it off against tax maybe?

Daz

Dream Weaver

Depends how well the business does, if he makes £100k a week then it isnt much, and besides no car is an investment its there to be enjoyed, so there is never a 'wise' purchase when it comes to cars really.

jjones

can't take money with you so may as well enjoy it.

ALi-B

iTrader: (1)

Don't know if they still do it, but BMW were giving 750 owners rebates as a good will gesture to the offset part exchange cost for a new one, due to huge depreciation.

Obviously they would only do it if you complained to the HQ in writing though

matlow

If he's the MD then it may well be about image, image is i guess an indication of success profitability of the business. so the MD needs to portray that image.

Dracoro

So he buys a BMW ROTFLMAO

ALi-B

iTrader: (1)

LOL Sure beats the image of a SUBARU

matlow

image doesnt always = taste

Andy M3

This is very true. I know people who have bought all sorts of **** to accomadate their image - *******.

The best was my mates dad when we were about 12/13......

He bought an E200?? merc in white with full blue cloth and winding windows on trims - and used to lap up the whole merc thing - yawn......

Gutmann pug

I always remember a guys comment on here when someone slated him about a big money spend that the other guy thought ridiculous ....... ''because I can'' was his reply. Nothing you can say to that I dont think.

matlow

personally i think the biggest statement of wealth over taste is the cayenne. that is just personally though. i'm sure some people think theyre an attractive motor.

obviously they're wrong but...........

Brendan Hughes

Why did he buy an old Volvo?

stilover

Personnaly, I think he might just like the car. What's wrong with that?? If he doesn't mind losing all that money, then that's his business how he spends it, surely.

I'm sure that people think buying s Impreza is a bad buy, cos they don't exactly hold there value all that well. If that's what you want to spend your money on, then that's what you will spend it on. Personnaly I think spending thousands of pounds extra on cars, tuning/styling them up is a complete waste of money, but I wouldn't have a go at someone who did.
Was on the news a few years ago, a guy spent £30k on ICE, new seats with TV's, playstation etc, on a £30k Audi S3. ???????????????? But If that's what he wants.

Gav

If he can afford 80k on a car then i'm sure he's not short of a bob or two so why not???

For all you know he could be a multi millionaire and 80k is not much to him

Gav..

Aztec Performance Ltd

iTrader: (234)

He's probably not bothered. Its the business paying for it after all.

Bob

jameswrx

iTrader: (4)

BMW's are unbelievabley expensive to service in my opinion. Going by some of the bills in the history on my old M3 I wouldn't be suprised to hear of an inspection service and a few parts on a 750i adding up to nearly a couple of grand.

Petem95

Exactly he will obviously be buying it through his company, so its not really his money hes burning. If you own a company which turns over enough then why not.

No doubt he pays a shed load of company car tax, but then from the sounds of it he can afford that.

Dai-Tec

LOL @ the taste comments, he's probably got so much money that he doesn't care - or who knows he might even have a few extra toys sitting at home...

foz01

Because he aint footing the depreciation, the company is, simple really

J4CKO

iTrader: (1)

My father in law used to run 7 Series BMW's when he was in business, sold the company and now drives an Audi A4 Diesel, previously a Diesel C class.

fast bloke

So you can give it to the taxman or give it to the BM garage - hard choice....not