I feel like this is a good opportunity to play devil’s advocate here. Let’s forget about the fact that a bachelors degree is pretty much essential these days. A masters degree is the new bachelors, and high school means nothing these days. So, all that aside, if a bachelors degree was nothing more than a 120,000 dollar investment over 4 years, the argument for a BMW becomes slightly less ridiculous.
BMW hasn’t really been producing cars that can be considered “classic”. The 7 series pales in comparison to its competitors, the Mercedes Benz S550, or CLS550 Or the Infiniti M series.
The 5 series is nothing really special. Even their super high end models like the M3 and M5 are amazing vehicles they lack something, I just can’t see them as being classic, sought after cars 40 years from now. However, the M6 has got it. I feel that the 2008 M6 will be considered a classic car in the future, here’s why: It’s a member of that special club, the one with 500 horses, with a 5.0 liter V10 engine this thing is FAST, which is a trademark of classic cars, think 70’s Dodge Charger, or Pontiac GTO.
The other factor is the body, it’s not too crazy, its conservative yet exotic and beautiful, think ’76 Benz 450SL. It radiates elegance and power. Granted it is still a gamble, there’s a possibility that the upcoming X6 could totally trump the M6, it’s impossible to tell. At any rate the M6 sells for just under $100,000.
As with any investment an investment in a car would require patience, but with enough patience and intense care of the car, the M6 could eventually mature in value. Some things you could do to protect your investment though would be to have the car delivered to you via a tractor trailer, as a cars value depreciates as soon as you drive it off the lot, then never drive it, occasionally run the engine for ten minutes, change the oil regularly and keep it inside.
So with incredible patience you could turn 100,000 dollars into a few million. Classic autos often sell for more than a million at auctions.
The only problem is that it’s much easier to get a $100k loan for school than it is for a car, especially when all you got is that high school diploma, but hey, if you can pull it off, why not?