Owning a BMW is a dream for many car enthusiasts but due to financial constraints it can often end up being a clapped-out 1998 BMW 3 Series and not the updated 1 Series you’d imagined. BMW have built up a fantastic reputation in the almost 100 years they’ve been operating, producing over two million vehicles in 2013, explaining why their vehicles are so desirable. However, there are ways even those working on a low budget can secure their dream motor.
Lease Deals
Leasing a vehicle means you make monthly payments for use of a brand new car, the same as paying for a phone on contract. If you’re looking to get behind the wheel quickly without saving up this is a great option. There are thousands of BMWs available to lease from places like Leasecar.co.uk and by not officially owning the vehicle you’ll have no worries about deprecation. Maintenance is often included, as is insurance, and it’s a lot easier to change vehicle as selling on your old one isn’t necessary.
Dream BMW
Buy Second Hand
Buying any car outright usually involves a big expense but even used BMWs can rack up a hefty price tag. One payment almost always works out cheaper than instalments, though for those working on a budget affording any new BMW is likely far out of your price range. Buying a used vehicle offers the chance to get a BMW within your means and not pay over the odds. However, it probably won’t be the one you want so waiting or leasing to ensure you’re fully satisfied can be a better option.
Hire Purchase
Hire purchase is a lot like leasing except you own the vehicle after all the instalments have been paid off. This is extremely useful for anyone without the immediate finances to purchase a car outright but with the ability to put enough aside each month towards running and owning a car. If any problems arise you can cease payments too, though you then won’t own the vehicle. The combined payments will also come to more than buying outright while maintenance and insurance aren’t always included either.
Company Car
Many businesses offer company cars to their employees and BMWs are popular as smart, reliable vehicles. There are also company car schemes where employees lease vehicles at a discount, so if your business doesn’t do one it might be worth enquiring. Or attempt to get a job at BMW and they’re sure to provide you with one!
