Purchasing a Car:

Latoya wants to buy a new car, so they do not have to share the truck. Latoya has narrowed her choice to a new BMW 230i from BMW of Plano. She wants your recommendations on buying new or used. In your presentation, you need to present options available in DFW between new and used models no older than 2019 and fewer than 40,000 miles.

Latoya and Sam have the following options for buying new:

2024 BMW 230i Sport Final price (including taxes and fees): $54,231 After CA 47719.45

What are the

Interest Rate

Monthly Payment

Total Interest Paid

Total Cost

for Terms 60 and 72

BMW Financing Options
Term in Months	48	60	72
Down Payment	10% - $54231	10% - $54231	10% - $54231
Interest Rate	2.99%	3.99%	6.49%
Monthly Payment	-1080.11
Total Interest Paid	3037.59
Total Cost	57268.38