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How much is a BMW car payment?
I'm considering buying a new BMW, but want to get a sense of what my monthly payments will be. How much is a BMW car payment?
Matthew Macgugan · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
That is a very nice car to consider! Since BMWs are luxury vehicles, you can expect to pay somewhere over $500 a month for a lower-trim vehicle. Of course, there are different factors that can affect your specific monthly payment.
If you want a more accurate price, BMW offers a free payment calculator tool on their website. With this tool, you can input information like your down payment, trade-in value for your current vehicle, tax rate, and APR, as well as the length of the loan you would like to take out to pay for the vehicle.
The number that this tool generates should be pretty close to the amount you can expect to pay for the vehicle. However, it does not give you an option to input your credit score, which can affect the loans and rates you may be eligible for. This can all be worked out best by visiting your BMW dealer.
If you decide to purchase the vehicle with a loan, you’ll need a
full-coverage
insurance policy. Luckily, the Jerry
app can generate policy quotes from over 50 of the nation’s leading providers. You are almost guaranteed to find a great rate, and it only takes minutes!Hope this helps.
MORE: BMW Car Buying Guide
View full answer
- Gregory R.
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