The monthly repayments on a second-hand BMW M3

The BMW M3 – from the second-generation E36 to the fifth-generation F80 – can be bought second-hand in South Africa.

These older generations are often highly sought-after, with some of the earlier models even starting to appreciate in value.

Therefore, if you are looking to buy a second-hand M3, there are several options on offer.

Pricing

To see how much its costs to buy one of these German beauties, we performed a financing calculation below.

The following variables were used:

• Vehicle price – Price of the used M3
• Deposit – 10%
• Payment term – 60 months
• Interest rate – 9%
• Balloon payment – 0%

For those of you who can afford to buy a car in cash, we envy you.

For the rest of us, here’s how much you will pay in finance installments to drive a second-hand BMW M3.

E36 BMW M3

• Year – 1996
• Specs – 240kW/350Nm

Price

• Price – R499,900
• Monthly instalment – R9,433

Click here to see the car.

E46 BMW M3

• Year – 2003
• Specs – 252kW/365Nm

Price

• Price – R289,900
• Monthly instalment – R5,510

Click here to see the car.

E92 BMW M3

• Year – 2009
• Specs – 309kW/400Nm

Price

• Price  – R429,900
• Monthly instalment – R8,126

Click here to see the car.

F80 BMW M3

• Year – 2016
• Specs – 317kW/550Nm

Price

• Price – R799,000
• Monthly instalment – R15,021

Click here to see the car.