Is the BMW i4 really affordable for everyday drivers?
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    Is the BMW i4 really affordable for everyday drivers?
    Updated:07/08/2024
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    1 Answers
    LightningRider
    Updated:22/09/2024

    The BMW i4 blends performance with electric efficiency, but is it truly affordable for daily drivers?

    Cost Analysis
    • Base Price: $56,000
    • Performance Variant (i4 M50): $65,900
    • Incentives: Federal tax credit can reduce cost by up to $7,500
    • Insurance Costs: Average annual insurance for electric vehicles is around $1,200
    • Maintenance Costs: Generally lower than ICE vehicles (around 30% less)
    • Fuel Equivalent: Average cost per mile for EV $0.03 vs. $0.10 for ICE vehicles
    Financing Options
    • Lease Option: $649/month for 36 months with $4,000 down payment.
    • Loan Rate: Average loan rate for electric vehicles around 5% APR.
    Driving Experience
    • Range: i4 offers a range of up to 300 miles on a full charge.
    • Charging: Fast charge capability (80% in 31 minutes).
    Price Comparison with Competitors
    Model Starting Price Range
    BMW i4 $56,000 300 miles
    Tesla Model 3 $46,990 267 miles
    Ford Mustang Mach-E $43,895 300 miles
    Resale Value
    • Typically maintains 60% value after 3 years.
    • Higher demand for EVs in growing market.
    Conclusion

    While the BMW i4 is on the higher end of the price spectrum, its running costs, financing options, and performance make it an appealing choice for everyday drivers who prioritize sustainability without sacrificing luxury.

    Mind Map Overview

    BMW i4 Cost Considerations:

    • Initial Purchase Price
    • Incentives and Rebates
    • Financing Options
    • Running Costs
    • Insurance Rates
    • Resale Value
    Upvote:739
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