BMW used the Detroit Auto Show to reveal the final MSRP for their new 1 Series M—a sawbuck more than $47,000. This price tag places the 1M firmly at the cheapest end of the M lineup; the next-cheapest model, the M3 Sedan, starts at $55,900, and that $8,890 difference will keep you in 93 octane for quite a while.
That said, being the most affordable car in the lineup doesn’t mean it’s out-and-out affordable, so it’s still necessary to take statements like, “It’s intended to be affordable for young enthusiasts”—a quote uttered by M GmbH president Dr. Kay Segler—with a grain of salt. So just for kicks, we hopped on BMW USA’s website to see just how “affordable” a 1M will end up being. While the 1M isn’t on the site yet, a heavily loaded 135i coupe costs about the same as the 1 Series M’s base price, so we plugged it into BMW’s financing tool to see what kind of monthly payment a young enthusiast would be looking at.
Factoring out the price difference between our demo 135i and the 1M, and assuming a “young enthusiast” would be trading in, oh, let’s say a five-year-old Nissan 350Z (giving him enough time to have paid it off) with 90,000 miles on it, a five-year financing deal on a 1M would come to…$638 a month. And that’s assuming the perfect-credit-score interest rate of 1.9 percent. All right, not completely out of the question, but for most people under 40, $638 a month is still a lot to pay every month for a car…
You know what? We’re gonna turn this over to you folks in 0-60-land. What do you think—could you pay $638 or more a month for the next five years on a 1 Series M? Or would you buy something else instead for that money—and if so, what? Let us know in the comments below. [via New York Times, BMW]