So my Jetta’s financed for another 4 years or so. I financed it for 6 years to keep the payments down, making sure that there were no early payment penalties so that once money’s not so tight in the coming years I could make the occassional double payment and pay it off in 5 or less.
I keep thinking over the idea of selling/trading it for an E36. I could probably sell it for what’s left on the loan (~8400.) I could keep the payments about the same and have a better built and possibly lower mileage car, albeit older. Something like this.
So first of all, am I correct in thinking that that gen 3-series are fairly solid cars? Anything to watch for?
Second, how do the logistics of selling/trading a car with a lein (sp?) on the title work?
basicily the person buying the car gives the money to the bank to pay off the loan, the bank releases the title to you, you sign the title over to the new owner.
I can answer the lein questions. you would have to go and pay off the loan to the bank. then sign the title over to the new owner who will go register it. in a bit of time the bank will send out a letter saying the lein is removed and then a new title can be applied for.
edit. damn jeeves made it more cut and dry and can apparently type faster
when i sold my last car with a lean, I took the person to the bank with me. I showed them i was paying it off and gave them the lean release along with the title and bill of sale. worked out great for bothof us.
Im actually thinking about doing the same to my e36. Maybe its time for an m3 e46:snky:
ummmm, actually you can do it all at once. Lean release is given on the spot as long as its a local bank. then you give title, lean release, bill of sale to the person and send them on there way.
Well the lein questions have already been answered…
E36’s are very solid cars, just try to stay away from the early ones if you can. 92-93’s. Those had a few more issues that were worked out in the later years. Also 93 was the first year for single VANOS. If you know where to look parts really are not all that expensive for them despite that reputation BMW’s have.
Hmm… The loan is through Capital One, nothing local. How would I go about doing it then? Most buyers won’t want to deal with a car with a lean on it. What about if I traded it?
I’d be looking for 97-98 328 (for the bigger motor). So good to know. Just in case I do this and find an E46 in my price range, how are 99 E46’s in comparison? Reliability-wise specifically.
I already own a jetta and i contimplate suicide every night for it. :lol:
anyway, e46 m3 is 2001 and up. 99 is still a e36 and still slow. You can find a used m3 e46 for around 30-40g with around 50k miles. Im not sure if i wanna swing those kinda payments right now.
I wouldn’t necessarily call the E36 M’s slow. They just don’t have as much hp as the E46 does.
I don’t know much about the reliability of the E46s in general. I only know 2 people with them and neither has had any problems with them (aside form a deer hood ornament). E46’s step you up to double VANOS too. They are nice, but added even more weight from the E36 and feel a little bulky to me.
No ///M. Some variant of 328. Turbociv what year is your Jetta? How does insurance compare between the Jetta and the E36?
I gotta crunch the numbers. I’d be a couple grand further in debt if I switched to a 12g E36 instead of a 9 grand MKIV. But when I’ve already got credit card debt, student loan debt, and a mortgage what’s another couple pounds on the mountain? But then again an E36 might depreciate more slowly. I wonder how hard it would be to get financing for a 9-10 year old Bimmer…
I want to do it, but I’ve got to figure out just how feasable and responsible it would be…
:lol: