What the new BMW i4 M50 costs on a finance plan – TopAuto
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Wednesday / 17 August 2022
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What the new BMW i4 M50 costs on a finance plan

The BMW i4 M50 will set its owners back R30,000 a month if bought on a finance plan, according to a calculation by TopAuto.

The new all-electric Gran Coupe from the German automaker went on sale in South Africa earlier this month, asking R1,600,000 from anyone who may be interested in taking one home.

For this price, however, buyers can expect excellent performance and an extensive list of luxurious features.

A battery and two electric motors work in tandem to produce 400kW and 795Nm sent directly to the all-wheel-drive system, allowing the i4 to achieve a top speed of 225km/h and a 0-100km/h time of just 3.9 seconds.

Range for the M50, meanwhile, is listed at 510km, 140km of which can be gained within 10 minutes of plugging into a 200kW DC charger.

Three different Sports driving modes are also included, as is a host of sounds to enhance the in-cabin experience.

Opening the door reveals an all-leather interior and a dashboard fitted with a 12.3-inch driver display and a 14.9-inch entertainment screen.

The new-generation operating system on the BMW further allows for over-the-air software updates, and the infotainment system has support for Apple CarPlay and Android Auto, too.

Other features consist of three-zone climate control, ventilated seats, a Harman Kardon sound system, active cruise control, a 360-degree camera, and route monitoring with real-time traffic information.

What you need to pay each month

In order to work out what the monthly repayments on the BMW i4 would be, we can use the following formula:

  • Car price – R1,600,000
  • Payment term – 60 terms (5 years)
  • Interest – 9.5%
  • Deposit – 10%
  • Balloon – No balloon payment
  • Extras – No optional extras

From this, we can surmise that a repayment plan on BMW’s latest car will demand R30,337 a month.

It is then recommended by financial experts that you do not spend more than 20% of your gross monthly salary on vehicle payments.

According to this, anyone who would like to take home the battery-driven BMW sports car will need to earn a minimum of R151,685 a month.

Of course, this figure does not include additional running and maintenance expenses, though the all-electric drivetrain will no doubt help in avoiding would-be fuel costs.

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