What Will My New BMW Car Payment Be?

When shopping for a new car — especially one as a fantastic BMW model — it can be easy to focus on the fun stuff, like its powerful engine and advanced tech features. But, before you explore any of that, you need to think about paying for your vehicle. BMW of Northwest Arkansas helps make this easy with our simple-to-use car payment calculator in Arkansas, and we can help you create a financial plan that meets your budget.

How Our Payment Calculator Works

Even if you aren’t exactly sure which car you plan to buy, you may have an idea of how much you want to spend. The first thing to enter into the payment calculator is the price of the vehicle. You can put in a ballpark number to start and then change it as necessary.

Interest Rate and Loan Term

The next thing to put in is the interest rate. While you might not know the exact rate you will get, doing some online research should allow you to find a good estimate. Then, enter your desired loan term. This ranges from 12 months to 84 months. You can play around with this in order to find a term that best works for you.

Down Payment

The best way to shrink your loan is by supplying a good down payment. Put in the amount you have immediately for your vehicle. To add to this, you can also enter the value of your trade-in car.

Calculate Your Payment with Our Car Payment Calculator in Arkansas

Once everything is put in, you will find out what your monthly payment will be. If the result isn’t to your liking, change around the above criteria until you get a more desirable outcome. Any questions? Get in touch with BMW of Northwest Arkansas.