How much you need to earn to afford a BMW iX

[TopAuto]

How much you need to earn to afford a BMW iX

The electric BMW iX is now available in South Africa from R1,650,000.

 

[Gtx Gaming]

The result is a monthly finance payment of R30,920.

eish

 

[Aghori]

Sounds about right. I used to pay a R27k instalment for my X5 M series per month.

It's parked off permanently in the garage at the estate now. Looks great as a showpiece.

 

[PhireSide]

The result is a monthly finance payment of R30,920.

eish

And if you are a responsible human being, that amount should be no more than 1/4 your take-home salary.

So you should ideally earn a nett of around R125k a month but I do wonder what % of buyers will finance vs outright purchasing.

 

[ShaunSA]

Almost 2mill for a BMX? Is it made of gold?

 

[ubercal]

How much you need to earn to afford a BMW iX

The electric BMW iX is now available in South Africa from R1,650,000.

lucky i dont want if even if i could afford it

 

[LCBXX]

If TopAuto was an actual journalist, it would know that you don't finance a R1.7m car.

 

[nazmo]

If TopAuto was an actual journalist, it would know that you don't finance a R1.7m car.

Actually a financed vehicle actually makes sense for alot of people, especially people who treat it as a depreciating short term item that keeps changing. And wealther people pay much better interest so its almost negligable.

 

[LCBXX]

Actually a financed vehicle actually makes sense for alot of people, especially people who treat it as a depreciating short term item that keeps changing. And wealther people pay much better interest so its almost negligable.

The only truth to take away from your statement is that the type of individual who can afford and maintain a new R1.7m car will not ask you for financial advice.

 

[Leo_]

Actually a financed vehicle actually makes sense for alot of people, especially people who treat it as a depreciating short term item that keeps changing. And wealther people pay much better interest so its almost negligable.

It doesn't make sense for wealthy people - that is why they are wealthy

 

[GhostSixFour]

Actually a financed vehicle actually makes sense for alot of people, especially people who treat it as a depreciating short term item that keeps changing. And wealther people pay much better interest so its almost negligable.

Do you work in government finance by any chance?