For the longest time I thought that buying a new car was foolish, especially if you’re in your early 20s. Well, I’m 22 (23 on Thurs), and I think I’d like a new/new-to-me vehicle. I currently have a 2002 BMW 330i (photo below). It’s fine, but it’s falling apart and costs a f*ckton to repair. Yes, I was aware of this when I purchased it. Yes, I made a bad decision. I’ve put a new clutch in it, and it’s still rather clean, so I’m hoping I can get 4k for it. Who knows?

Anyway, a few friends of mine have VW Golfs, GTIs, and Rs. They can’t recommend them enough. In my area, GTIs are selling for bargain prices. I’m seeing $16.9k on the low-end. I know I won’t walk out the door spending under 18, but the car also MSRP’s for $26k. So, all in all, it looks like a tempting deal. Bonus points for being a decent Autox car. Now, as far as affordability, it’s certainly not a used Honda (sadly). If I can get away with spending less that $260-275/month over 60 months, it’s comfortably feasible. Now, on to insurance. I’m 22, almost 23, with no accidents and no tickets, KNOCK ON WOOD. I got a quote from my current provider and the 6mo quote was $655. So. about double the e46. But, then again the e46 is a POS.

At this point, I’d like a refrigerator on wheels and the BMW is not that.

So, should I do it? Am I being foolish? Do you have any buying advice? Is the GTI as good as everyone says? Give me your perspective.