Thread: Weekend Car ?
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      02-28-2008, 05:18 AM   #50
NFS
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Drives: M340i
Join Date: Jul 2006
Location: UK

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Quote:
Originally Posted by chrisbin View Post
Is that a guaranteed future value deal, or not?

As you say, the figures do look good....

re. Insurance - call Chris at Autotorque - 0161 611 8630
Thanks for the tip. I saw some references to Autotorque on another website as well.

As to the finance, I'm not sure if it's a guaranteed figure or not. Haven't spoken to them yet. But from what I've seen a 2 year old 111s has to be worth well over £14K. Probably more like £18-20K so the risks seem low. Drive the deal has £2K of the purchase price though, which I'd be giving up if I went with a deal like this.

The value of my 330i has sunk like a stone to the point that I might as well keep it till Sept 09. I'm not going to save any money by switching to a 320d because they are worth virtually the same as a 330i

So I'm warming to the idea of an elise and the options are:

1. Wait till next years bonus and buy a used one for cash
2. Borrow some money to buy used now and pay off with next years bonus
3. Buy a new one on finance now and pay off with bonus in 2 years time.

The problem with no: 3 is that I'll also be thinking about paying off the 330i at that point. However, I am really liking the lack of depreciation on the elise.

I had another look at the 135 that you posted. Saw it on Pistonheads and it looks nice. Unfortunately it's in Bournemouth so bit far to sort out right now.
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