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Can I afford a BMW M3?
How do people afford BMW M3s? I almost have enough money to buy one, but I'm afraid it'll cost too much to maintain every year. How are people able to afford the BMW M3?
Joshua Levy · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Good question! It can be hard to afford a BMW M3 when repair costs alone average out at $1160 a year, but it is possible. To afford a BMW M3, here are our best tips for
saving on car expenses
:- Buying a used car can save you tons on depreciation. In the first year, a new car will lose 20% of its initial value.
- Driving less can also save you money on maintenance and gas. The less you drive, the less gas you need, and the more you save.
- Check your fluid levels often to avoid engine damage or other internal problems.
- Keep your tires filled and rotate them every 6,000-8,000 miles. Low-pressure tires are more likely to pop, and you’ll need to pay to replace them.
- Finding a cheaper insurance policy than your current provider can also help you save. You won’t really know how much you can save until you look, so shopping around can be worthwhile.
There are many other ways to save, but these tips can help you save thousands in the long run, particularly shopping around for cheaper car insurance. Between better providers, bigger discounts, and more balanced coverage, a better plan could help you save hundreds every month.
If you’d like to start saving but feel overwhelmed, check out the
Jerry
app. As a licensed broker, the Jerry app can help you find and compare competitive quotes from top insurance providers in seconds. And if you find a new plan that you prefer, we’ll even help you switch!Happy shopping!
View full answer
- Gregory R.
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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