What is the 2. BMW?
Important Information. From 2. APR up to 60 months at $17. BMW Certified Pre-Owned iX models. No down payment is required. What financing options does BMW offer? BMW Financial Services offers competitive interest rates and flexible contract terms from 24 to 84 months with a wide range of down payment options. Depending on what works best for your budget, you can choose weekly, bi-weekly or monthly payment options.Comparing Financing and Leasing The right choice depends on your budget, driving habits, and long-term plans. If you want to eventually own your vehicle and drive as much as you like, financing might be a better fit. If you prefer lower monthly payments and a new vehicle every few years, leasing could be the way to go.Lease payments tend to be lower than a monthly loan payment would be with the same vehicle. Leasing also usually requires little to no money down, so if you don’t have a lot saved for a down payment, leasing can be a good choice. The downside to leasing a BMW is the mileage restrictions.
Is it worth buying a 2nd hand BMW?
The biggest drop in value usually occurs in the first year, typically between 15% and 20%. Buying a used BMW allows you to avoid the initial depreciation that occurs when a car is brand new. Also, used BMWs tend to retain their value better than other car models, especially if they have been well-maintained. The optimal time to purchase a used car is typically between 2 to 5 years old. Within this age range, the vehicle has already experienced the most significant depreciation, yet remains relatively new and in good condition.
What’s the best time to buy a car?
Timing your car purchase to the right month can lead to significant savings: September and October: These months are when dealerships start receiving new models for the upcoming year. To make room for the new inventory, they’re often eager to sell off the current year’s models at a discount. The best time to buy a car is often during the final months of the year. Dealerships need to clear out their inventory to make room for next year’s models. This means November and December are great months to find significant discounts. Look for special promotions, rebates, or year-end sales events.Used cars are usually at their lowest prices from October through December, covering both late fall and early winter. This is a time when demand drops and dealerships aim to move vehicles off the lot.
What is the best age to buy a used BMW?
The ideal age for a used car is generally between 3 to 4 years, having clocked 30,000 to 40,000 miles. This ‘sweet spot’ offers a perfect balance of modern features, significantly reduced depreciation, and lower maintenance costs, making it a smart choice for savvy buyers. The cutoff for good mileage on a used car is generally somewhere between 30,000 and 60,000 miles, but today’s used cars are lasting longer than ever! Even a used car with 100,000 miles or more can be a good choice if it has a strong maintenance history and a lack of deeper structural damage.