We all wish we could own a car like a BMW. It’s a unique brand and with it is attached an idea of success and wealth. But with those labels comes a hefty price tag some people won’t be able to afford. If you’re in that position, we want to help out and let you know what you could do when you can’t afford a BMW. On this post, we’re going to talk about how you could actually afford a BMW and your alternate options. But first, it’s important to understand why you want a BMW. If it’s not for the name recognition, we think our first suggestion will suit you perfectly.
Opt For A Cheaper Alternative
If you’re not worried about name recognition and you’re more interested in performance, you could choose a cheaper car. There are plenty of cars that are on the same level as a BMW but arrive with a lower price tag. For instance, you could have a look at the Avensis from Toyota. This is a truly stunning vehicle that certainly rivals the saloons BMW has on offer. It has a stylish flair and the performance on this car is not to be messed with. The best news? It will cost you just under £18,000 from Inchcape Toyota which is a lot less than the typical BMW in the same class. In a race it will certainly give the sports models of BMW a run for their money as well. That’s why if you aren’t buying for the badge this could be a better option.
2) Save Up
Alternatively, you might want to save up for your car. This might be the option suitable for those who have always dreamed of owning a BMW but can’t quite afford one. It’s likely if you tighten your wallet you will be able to buy your car in just under a year. We imagine you are only a couple of grand away.
3) Buy On Finance
On the other hand, it’s possible that either you are further away than a few thousand or you are impatient. In this instance, you might instead want to buy the car on finance. This means you will borrow money to pay for the vehicle and pay the debt back at a later date. Buying a car on finance isn’t always the best option as there is almost always added interest. However, if you think you can manage the payment plan, this might be a choice worth considering.
4) Buy Second Hand
Finally, if you’re nowhere near affording a BMW but want the car with that badge you could buy second hand. There are a few advantages to this choice. First, if you buy second hand you can own one of the classic models of BMW. As well as this, you’ll be able to buy a vehicle that is probably far beyond your price range. The disadvantage? There is always a risk when you buy a car pre owned, and it can feel more like a gamble.