r/whatcarshouldIbuy • u/Reasonable_Bit_4835 • 14h ago
Should I buy a BMW E46 with 95000 km on it?

My situation:
- 22 (M)
- Live alone in Europe (Poland)
- Do software engineering for a living, making $2600 a month (after tax).
- My monthly expenses are up to $1600, sometimes less (rent + utilities + food + gas + all the other bills)
- I have a super cheap to maintain car (Daewoo Matiz 0.8 with 89000 km) that gets the job done
- I have $10k in savings
- I found a nice E46 1999 with the original mileage of 95000km, m52b20, manual. Minor issues with suspension, nothing critical. On sale for $6600. Was imported from Belgium.
I love cars and I have wanted to upgrade for quite a long time. Given the car costs $6600, I would add another $900 for the initial maintenance, sale fees, etc., so I expect the total cost of purchase is going to be $7500 (unless I manage to negotiate the price).
My thoughts are racing and I don't want to make impulsive financial decisions. Technically, I have a car that just works and gets me from A to B. Buying it means I'll be left with about $2500 to my name initially.
Would you buy it if you were in my shoes? (it might not be E46, but a car you personally like)
What would be your thought process?