2021 BMW M340 xDrive Approval

[Reviewers]

APPROVING BANK: Bank of America
BUREAU PULLED: Equifax
CREDIT SCORE: 740

SOFT PULL/HARD PULL: Hard Pull
CUSTOMER STATE OF RESIDENCE: NYC
NEW/USED: Used (Certified Pre-Owned)
YEAR OF VEHICLE: 2021
MAKE: BMW
MODEL: M340 xDrive
MILEAGE: 35,000
FINANCE/LEASE: Finance

PURCHASE PRICE: $46,000
AMOUNT OF LOAN: $32,000
TERM CONTRACTED: 72 Months (Will pay way before)
APR/LEASE RATE: 2.99%
MONTHLY PAYMENT: $510
ANNUAL INCOME: $70,000

I currently own a 2021 BMW X3MC and I wanted another BMW and I have been looking at the M340s and finally decided to pull the plug. I decided to purchase this 2020 BMW M340 xDrive as I got it for a great deal and it's a 1 owner vehicle which was a employee of the dealership and the car is still in mint condition. How do you guys think I did on this deal?

[JFox418]

Whats the factory warranty for BMW? That'd be my only concern, 35k miles in a year is a lot. Those are some killer looking cars though, gotta be pretty quick too. 

[micvite]

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@JFox418 wrote:

Whats the factory warranty for BMW? That'd be my only concern, 35k miles in a year is a lot. Those are some killer looking cars though, gotta be pretty quick too. 

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I mean depending when the car was built it could be almost 2 years old by now so it would be more like 17k a year, but regardless bumper to bumper is 36k then you get up to 50 for powertrain