Date registered: May 2009
Vehicle: 1991 300 SEL, 2003 Ford F150 King Ranch, Bikes - 2000 BMW R 1100 RT, 2004 BMW R 1200 C Montauk
Location: St Paul, MN
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I'm sorry, but I think you have your priorities all wrong. You live in an apartment and want to buy a $45K car? when real estate is at an all time low! Put $35K down on a nice little house, town house or condo (with a garage) and buy the best car you can for $10K. That may or may not be a Benz. You will always be able to buy a car, but chances are you will never have this kind of opportunity to get into real estate. Of course this assumes that your business will continue to generate cash and you will be able to make a monthly mortgage payment. If you don't think your business will continue to generate cash, then I think you are still looking for a $10K car and put the rest away to carry you for a year or two. There are a ton of one owner, older MBs on ebay with less than 50K miles for under 10 grand.
It sounds like you are a smart young business man, surely you must realize real estate is a much better investment.
1991 300 SEL