Can I Afford A Bmw
Question asked by Kaustubh Katdare in Automobiles on Jan 3 2014 Feed Ask New Question.
Can i afford a bmw. DW thinks cars are for A-to-B transportation but also understands I really love cars and it would be my splurge. I am driving a 2008 535xi bought in April 2019 at auction through a dealer friend who has the pass. You can afford a BMW by purchasing a used vehicle that fits your budget if you want to drive a BMW.
Doing 10-15k per year I build motorcycles as a hobby and am what I would consider well-versed in mechanical ability and I have my own workshop too. My first thought was if you are asking about affording a BMW I would say no. The real answer will come from the question of can I afford the repair costs Buying a used M3 is risky because the person who had owned it before most likely did drive like granny.
Theres no perfect formula for how much you can afford but our short answer is that your new-car payment should be no more than 15 of your monthly take. With old BMWs I would say that youd need to be able to buy it out right and then still be able to drop 3-4k on a dime without it ruining your week. From all the cars I have been test driving I have fallen in love with the M5.
For a new one you can pay as little as low 30K up to as much as 180K. Here Are 8 Cheaper Alternatives. Cant Afford The New BMW 3 Series.
Driving it today I was reminded how much it was designed to do one thing. It depends on what you are looking for. Go down twisty roads - really fast.
My only doubt is whether I can actually afford in ZAR to maintain and keep an older BMW for at least 5 years another 100K. If you currently own a car you can trade it in for a new one. Go for it OP.
It had 144 000 miles then and now 155 000. How do people afford BMWs. BMW has a wide range of cars.
If you truly like bimmer go for it. It would be 900month to lease. You can afford it.
Other Factors that Affect How Much Car You Can Afford Trade-in Value. Every time I drive it I smile. There are more to just buying a BMW.
Yes salaried people can afford BMW but your monthly saving should be around 12 lakh per month ie salary after all your expenses with this one can easily afford the BMW as a service cost around 50k-60k and if there is simple fault ie shoker replacement normal cost 3000 but bmw part cost around 50k per shoker it might cost you 15 lakh per service. I am in the market for a car costing up to 36000. Can we afford this.
You are are doing well financially and you deserve to have fun in your dream BMW. The general rule of thumb for owning a BMW is if you cant drop 1k at any given point s dont buy the car. These three factors alone mean that this car will depreciate over 50 in 3 years even if you keep the miles low and therefore creates an amazing opportunity for someone else to pick up a 120000 car for 55000-60000 and yet still have the latest model M6.
Cheapest BMW to buy seems to be 18000 and given the average salary is 25k. I went and found the car and checked it out and even test drove it in the huge parking lot. Or else youll be stuck with a car that wont move.
A new BMW 5-series might cost almost 70000 new but you can find models a few years old for 30000. What a miserable way to live. Finding a fourth generation used TL with a stick shift isnt easy but it can.
If you can barely afford the payments on an old BMW you are not able to afford it. The value of your trade-in minus any outstanding loan balance you owe on the vehicle can be applied to the purchase of your next vehicle lowering the amount of the new loan. For less than 40000 it is possible to find a 9971 generation 911.
We are expecting a child and looking at family cars. You should have known that people on the Money Finances forum hate cars. You are doing very well.
I drive to work every day and I see ever increasing numbers of them and audis and mercs. Depending on the models you may get different levels of issues. They would tell you to go buy a 15k Honda civic and drive it for 15 years.
Just because you make 6000 a month doesnt mean you can afford a BMW. And for a M4 with 20-30k miles youre going to be dropping a lot of 1ks Also genuinely interested what field you work in. I have seen some 2000 and 2001 model years that fit my budget so I know I can afford the car as such.
And know that you will have those continual. BMW offer leases on them for 24-36 months. The M2 sits at the bottom of the M car lineup but for much less budget conscious buyers can scoop up a flagship Porsche.
Or buy a CPO certified pre-owned. I test drove the BMW X7 and fell in love with it.
