The starting MSRP for the 2021 BMW 2 Series Gran Coupe is $35,700. BMW 2 Series Coupe 2021: $35,900 MSRP Starting Price. The starting MSRP for the 2021 BMW 3 Series Sedan is $41,250. The MSRP for the 2021 BMW 4 Series Coupe is $45,600.
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Instead of purchasing a new BMW, think about doing so.
Despite being more expensive, BMWs are incredibly well-liked cars. Therefore, finding a gently used model with the exact specifications you need won’t be difficult.
Since many BMWs are leased for only a few years, BMW dealerships have a large selection of CPO (Certified Pre-Owned) cars that are covered by their own warranties.
For a fairly recent BMW, a 3 to 5 year old model will be around half the price of a brand new one.
Because most individuals are concerned about the maintenance costs, many BMWs that are over ten years old can be purchased for $5,000 to $10,000.
We advise searching for a used BMW in a place with mild temperatures and little to no snowfall because these will typically be in better shape.
No matter where the car has been driven, a complete service history is crucial, and many members on owner forums firmly believe that they should never purchase a BMW after the manufacturer’s guarantee has expired.
Having said that, a vintage 3-series from the 1990s or the first decade of the 2000s can still be a terrific car, and repairs won’t be too expensive.
These earlier models are easier to repair and don’t employ as many electronics and processors as their more recent equivalents.
It will also be helpful to set away a couple thousand dollars for unexpected repairs.
When purchasing a used BMW, search for paperwork proving that the car has had routine maintenance from a BMW dealership or an independent BMW specialist.
To buy a BMW, how much should I earn annually?
The annual household income of a buyer of a new BMW vehicle or SUV is $124,800. In order to put that into perspective with the US populace, in 2020, the median household income in the country was $67,521. It should be noted that the median income in 2019 was $69,560.
Since the MSRP of the BMW product line varies widely, it stands to reason that the typical household income also varies widely. For example, the 2022 BMW 750i of the BMW 7-series has an MSRP that starts at $103,000, while the rather rare 2022 BMW Alpina B7 has an MSRP that starts at $143,200. Buyers of new BMW 7-Series vehicles make an average household income of $184,170.
The popular BMW 2022 3-Series, on the other hand, starts at an MSRP of $41,450 for the 330i model. A new BMW 3-Series owner makes an average annual household income of $116,550.
Keep in mind that these are national averages. When contrasting car ownership with “average household income,” geography factors. For the New York Times, Kantar Media TGI recently conducted research on owners of premium vehicles. They discovered that a luxury car owner made around $100,000 on average, but that average varied from $83,891 to $155,548, depending on the state!
Our total sample size is little over 3,000 brand-new BMW owners, and our error margin is +/-2.5%.
How much is the least expensive BMW?
BMW is a symbol of elegance and power. Its extensive lineup covers a wide range of markets and, in certain circumstances, forges new ones. Luxury interiors and agile handling are highlighted in BMW SUVs and vehicles.
The X1 sDrive28i crossover is the least cheapest BMW, costing around $36,000. (followed closely by the 230i coupe). With a starting price of $40,000, the 228i xDrive Gran Coupe is the least costly sedan offered by BMW.
Most Expensive: The M760i sedan, which costs over $160,000, has a V-12 engine and is opulently luxurious. The X6 M Competition is a sporty BMW SUV that costs the most, at nearly $120,000.
Most Exciting to Drive: BMW M-badged vehicles place a strong emphasis on driver enjoyment, from the agile M2 to the adaptable X3 M to the svelte M8.
Best Fuel Economy: The i3 is the most petrol-efficient BMW, using zero fuel and having an all-electric range of nearly 150 miles. The all-electric BMW iX SUV and i5 sedan will soon continue where the i3 left off.
As soon as a car is released, we want to test and rank as many of them as we can. We’ll rank new models as we periodically update our rankings and we might even change the scores for some models. Vehicles with insufficient testing data, however, are not scored.
Do BMWs cost a lot of money to own?
BMWs are by far the most expensive car manufacturer to repair, claims Your Mechanic. The competition is not even close. With an average maintenance cost of $17,800 over ten years, BMW comes in #1. Mercedes-Benz came in second with an average maintenance cost of $12,900 during a 10-year period. In contrast, the typical Toyota only cost $5,500 to maintain during a 10-year period because they are recognized for requiring less maintenance.
According to Your Mechanic, such high maintenance costs are usual in German premium vehicles. Audi comes in sixth with an average $12,400 maintenance expense over a 10-year period. This is primarily a result of the pricey, high-end parts that these luxury vehicles require. Naturally, it will cost a lot of money to fix those pieces when they break or need maintenance.
However, while being premium vehicles, they also have ongoing problems. For instance, according to Your Mechanic, a BMW is four times more likely to not start than a typical automobile. It was ranked seventh overall as a result. Additionally, the window regulator on the BMW required replacement 18 times more frequently than the window regulator on the ordinary car.
Is repairing a BMW affordable?
BMW owners spend, on average, $968 annually on maintenance and repairs, according to RepairPal. BMWs are costly to maintain compared to the $652 industry standard. The maintenance costs of BMW are comparable to those of other German luxury models like Mercedes-Benz ($908) and Audi ($987).
The cost of owning a BMW varies based on the car. Compared to its normal commuter line, BMW’s high-performance M line and SUVs are more expensive to maintain. One of the reasons the BMW 3 Series is so well-liked is that it’s one of the most cost-effective versions to maintain.
Using information from RepairPal, the following table compares the cost of maintenance for a select BMW models:
You’ll be glad to learn that a few BMWs include a free maintenance term. Under BMW Ultimate Service, maintenance is included for four years or 50,000 miles on vehicles from the 2015 and 2016 model years. BMW Ultimate Care offers three years or 36,000 miles of maintenance on models made in 2017 and after. If you’re wondering how the two plans differ, BMW Ultimate Service covers more wear and tear and maintenance-related items than BMW Ultimate Care.
Free maintenance programs can initially reduce the cost of ownership, but you’ll need to be ready to pay maintenance and repair fees once the program has ended.
Why do people buy BMW vehicles?
Simply said, drivers have practically endless reasons to choose a BMW over a car from another manufacturer since BMW offers the highest performance, safety, and quality out of any luxury automobile brand. After purchasing your first BMW, you won’t ever want to purchase another car from any other manufacturer.
What does a BMW oil change cost?
How much does a BMW oil change cost? BMW oil changes typically cost between $135 and $175, with parts and fluids accounting for roughly $90 to $110 of that total and labor making up the remaining percentage.
Why does BMW servicing cost so much?
Because it’s a German car with specialized parts and technology, maintaining a BMW is pricey. BMW is not only a vehicle to move passengers from point A to point B; it is designed for driving aficionados. BMW’s advanced technology calls a specialized certification to be repaired correctly. A skilled BMW mechanic will possess the knowledge necessary for a thorough and effective repair.
A $400 battery replacement, for instance, might be necessary because the mechanic must register the battery with the engine control module. If not, the battery risk of an early demise since the vehicle won’t “know” how to charge it.
Are BMWS trustworthy?
Fortunately, ratings of BMW dependability from several organizations support that excellent reputation: Customer Reports Every BMW in the lineup received a score above average in the 2020 rankings. The i3 electric car and the X6 midsize SUV are BMW’s most reliable models, and the brand as a whole is ranked seventh.
Mercedes or BMW, which is better?
BMW remains the overall champion when it comes to luxury performance, even if the Mercedes-Benz CLS-Class is one of the best-performing large luxury sedans on the road right now. Customers should choose a BMW automobile if they want performance and style in one convenient package.
Does a BMW require premium gas?
No matter what model you have, BMW advises only using premium unleaded fuel. That’s not to say that your BMW won’t run on inferior fuel, but premium unleaded fuel will keep its quality over time, allowing you to constantly drive at peak performance.
Is BMW or Audi better?
It’s difficult to predict who will win the Audi vs. BMW competition. The same target market is being courted by both producers, but they focus on distinct specifications and features.
When it comes to technology and style, Audi is the winner, but BMW offers a smoother, sportier driving experience. When it comes to safety features, both brands score highly, however Audi has far lower reliability ratings. Although there isn’t much of a difference in price between the two, Audi’s reliability difficulties are evident in the price of repairs.
In the end, they are both fairly similar automobile makers with comparable models that appeal to slightly different demographics. Choose a BMW if you want a sporty, controlled ride. Choose an Audi if you want something with understated style and cutting-edge technology.
What are some typical BMW issues?
- Engine Cooling Unit. Overheating is a problem that many BMW owners frequently experience.
- Oil Spills.
- Under Braking, the steering wheel vibrates.
- Tail Lamp Unit
If I earn $100,000, how much should I spend on a car?
Do you know what a “debt-to-income ratio” is? It’s just a percentage based on how much you make compared to how much money you owe overall. Your debt-to-income ratio is 50% if your total debt is $30,000 and your take-home pay is $60,000.
Many professionals utilize a 36% maximum debt-to-income ratio as a general guideline. But remember, that’s just a suggestion. With a DTI of around 50%, many lenders approve auto loans (and refinancing loans).
Simply multiply the combined income of your family by 0.36 to get how much car you can buy using the 36% rule. Assuming you have no other debt, if you make $100,000, for example, you might afford to take out a car loan of up to $36,000.
Which is more durable, Mercedes or BMW?
AM-Online has conducted research and created a number of infographics to show which German brands are the most dependable and affordable to repair. The study compares maintenance requirements for BMW, Audi, and Mercedes-Benz under six years of ownership, after six years, and after twelve years. As a result, this generally illustrates how each automaker’s models are over their whole lives.
Under six years, the cost and dependability of every car is relatively the same. This is due to the fact that the vehicles are relatively new, often have less than 100,000 miles on them, and come with a factory-backed guarantee, meaning that there won’t be many significant problems.
Audi still has the most issues and requires the most money to fix, though. Mercedes is the most dependable and, therefore, the most affordable vehicle, placing BMW in the center. Things start to alter after six years. The cars do have a tendency to break down as they accumulate more kilometers and perhaps more owners.
The least dependable and priciest of the three manufacturers is still Audi, while Mercedes continues to be the market leader and BMW remains in the center. Twelve years later, though, things usually settle down again because the automobiles are so old and most customers choose to ignore minor issues.
But when you get down to the smaller particulars, things get a little messier. It wasn’t as simple to compare different car classes, such as the 1 Series/2 Series class, 3 Series class, and 5 Series class. The brands’ positioning didn’t change, but the expenses to repair various models did. For instance, the less priced models of both BMW and Audi were less expensive to fix, which seems relatively normal. However, Mercedes-Benz’s more expensive models were the cheapest to repair, probably due to their greater build quality and dependability.