E90Post
 


ECS BMW
 
BMW 3-Series (E90 E92) Forum > BMW E90/E92/E93 3-series General Forums > Regional Forums > UK > Finance Question



Reply
 
Thread Tools Search this Thread
      01-20-2010, 12:32 PM   #1
gerbil_b
First Lieutenant
Scotland
3
Rep
307
Posts

 
Drives: Skoda Octavia DSG TDi
Join Date: Apr 2009
Location: Tong, Isle Of Lewis

iTrader: (0)

Garage List
2008 318i  [0.00]
2006 Hyundai Coupe  [0.00]
Finance Question

Ok, i am hoping someone here can help me. My BMW 318i is going in the next few months to be replaced by an estate and a caterham Roadsport. The question i have is how does the trading in policy work on a car that is worth less than my used BMW.

I have been really cheeky and said i want 16k for my BM, realistically would take 15k as this is its value on parkers car guide. I owe roughly 7k on the BM. The car i would be trading it in against is a 59 plate which they are asking 12995 for. Am i right in thinking that the profit between the money i owe and the price i get will just go onto the new car:

Hypoteticaly:

- I get 15,000 for my car
- 7,000 finance paid off leaving me 8,000
-The 8,000 goes on the new car and i only owe the difference between the deposit of 8,000 and the price of the new car.

I hope this makes sense. Or am i better trying to sell the car privately an then taken my cash into the dealer for the new car and get a better deal that way?

Hope this all makes sense and someone can assist me.
Appreciate 0
      01-22-2010, 07:24 AM   #2
e90abc
Banned
United Kingdom
0
Rep
49
Posts

 
Drives: E90 330d sport
Join Date: Nov 2009
Location: Essex

iTrader: (0)

I just got a new car from big motoring world and got an excellent service even with all the bad press on here, you may getter a better deal without a p/x but do you want the head ache of selling it yourself?? You are right in saying that the equity in your car will go towards the new car. Try out big motoring world, big selection and cheap too. Good luck pal.
Appreciate 0
      01-22-2010, 07:39 AM   #3
willhollin
Major General
willhollin's Avatar
England
123
Rep
9,918
Posts

 
Drives: VW T5
Join Date: Apr 2008
Location: Worcestershire

iTrader: (1)

Garage List
__________________
Appreciate 0
      01-22-2010, 08:12 AM   #4
AlanQS
Colonel
AlanQS's Avatar
Scotland
25
Rep
2,523
Posts

 
Drives: 320d SE Coupe
Join Date: Jan 2008
Location: Glasgow

iTrader: (0)

Garage List
By e90abc: "I just got a new car from big motoring world and got an excellent service even with all the bad press on here, you may getter a better deal without a p/x but do you want the head ache of selling it yourself?? You are right in saying that the equity in your car will go towards the new car. Try out big motoring world, big selection and cheap too. Good luck pal."

Erm, as you can see, he's from the Isle of Lewis. Why on earth would you think it's a good idea for him to travel to Kent for another car?
__________________
Appreciate 0
      01-22-2010, 08:50 AM   #5
gerbil_b
First Lieutenant
Scotland
3
Rep
307
Posts

 
Drives: Skoda Octavia DSG TDi
Join Date: Apr 2009
Location: Tong, Isle Of Lewis

iTrader: (0)

Garage List
2008 318i  [0.00]
2006 Hyundai Coupe  [0.00]
Thanks alan fo noticing haha, i will probably getting the car in glasgow and getting it delivered to inverness, most likely going to be a ford mondeo estate, found a 2L diesel with 25 miles on it 59 plate for 12K so going to drive one on monday and see what it is like. I was looking at a 320d but its going to be used for the dog mostly and possibly kids with the missus nephew and my wee bro so will get messy, would rather have a cheaper car and spend the savings on a caterham !!!

Thanks all !!!
Appreciate 0
      01-22-2010, 11:04 AM   #6
NFS
Major General
NFS's Avatar
United Kingdom
112
Rep
9,216
Posts

 
Drives: 335i m-sport LCI
Join Date: Jul 2006
Location: UK

iTrader: (0)

Quote:
Originally Posted by e90abc View Post
I just got a new car from big motoring world and got an excellent service even with all the bad press on here, you may getter a better deal without a p/x but do you want the head ache of selling it yourself?? You are right in saying that the equity in your car will go towards the new car. Try out big motoring world, big selection and cheap too. Good luck pal.
Surely this is not what I think it is?

Can they be that stupid?
__________________
Appreciate 0
      01-22-2010, 11:45 AM   #7
willhollin
Major General
willhollin's Avatar
England
123
Rep
9,918
Posts

 
Drives: VW T5
Join Date: Apr 2008
Location: Worcestershire

iTrader: (1)

Garage List
Quote:
Originally Posted by NFS View Post
Surely this is not what I think it is?

Can they be that stupid?
Check out their previous posts.
__________________
Appreciate 0
      01-22-2010, 11:47 AM   #8
NFS
Major General
NFS's Avatar
United Kingdom
112
Rep
9,216
Posts

 
Drives: 335i m-sport LCI
Join Date: Jul 2006
Location: UK

iTrader: (0)

Quote:
Originally Posted by willhollin View Post
Check out their previous posts.
I know ... but this is really really stupid.
__________________
Appreciate 0
      01-22-2010, 11:52 AM   #9
gerbil_b
First Lieutenant
Scotland
3
Rep
307
Posts

 
Drives: Skoda Octavia DSG TDi
Join Date: Apr 2009
Location: Tong, Isle Of Lewis

iTrader: (0)

Garage List
2008 318i  [0.00]
2006 Hyundai Coupe  [0.00]
before anyone says anything else i will not be buying from motoring world !!!
Appreciate 0
      01-22-2010, 11:54 AM   #10
willhollin
Major General
willhollin's Avatar
England
123
Rep
9,918
Posts

 
Drives: VW T5
Join Date: Apr 2008
Location: Worcestershire

iTrader: (1)

Garage List
Quote:
Originally Posted by NFS View Post
I know ... but this is really really stupid.
They did try, nearly 50 posts before being rumbled.
__________________
Appreciate 0
      01-22-2010, 12:05 PM   #11
NFS
Major General
NFS's Avatar
United Kingdom
112
Rep
9,216
Posts

 
Drives: 335i m-sport LCI
Join Date: Jul 2006
Location: UK

iTrader: (0)

Quote:
Originally Posted by gerbil_b View Post
before anyone says anything else i will not be buying from motoring world !!!
They seem a bit thick though. They might add up the price wrong an undercharge you by 10k
__________________
Appreciate 0
      01-22-2010, 12:20 PM   #12
BoBBoB
Second Lieutenant
6
Rep
282
Posts

 
Drives: Clio 200 Full Fat
Join Date: Jul 2007
Location: Oxfordshire

iTrader: (0)

Quote:
Originally Posted by e90abc View Post
I just got a new car from big motoring world and got an excellent service even with all the bad press on here, you may getter a better deal without a p/x but do you want the head ache of selling it yourself?? You are right in saying that the equity in your car will go towards the new car. Try out big motoring world, big selection and cheap too. Good luck pal.
OMFG ..... not again, 50 posts you waited to do this, you are a ****
Appreciate 0
      01-22-2010, 12:25 PM   #13
E902717
Colonel
E902717's Avatar
England
26
Rep
2,402
Posts

 
Drives: E91 335d M-Sport
Join Date: Sep 2008
Location: uk

iTrader: (0)

Quote:
Originally Posted by e90abc View Post
I just got a new car from big motoring world and got an excellent service even with all the bad press on here, you may getter a better deal without a p/x but do you want the head ache of selling it yourself?? You are right in saying that the equity in your car will go towards the new car. Try out big motoring world, big selection and cheap too. Good luck pal.
What a muppet...Do they think we are that stupid
__________________
Car: 2011 BMW E91 335D M-Sport
Previous: 2010 BMW E70 X5 3.0D M-Sport - last seen going backwards in a hedge

Appreciate 0
      01-22-2010, 12:26 PM   #14
Hotcoupe
Major General
Hotcoupe's Avatar
United Kingdom
70
Rep
6,105
Posts

 
Drives: Don't know yet!
Join Date: Jul 2007
Location: UK

iTrader: (2)

Garage List
Quote:
Originally Posted by NFS View Post
Surely this is not what I think it is?

Can they be that stupid?
Drives: E90 330d sport

Join Date: Nov 2009
Location: Essex



There's a clue there somewhere
Appreciate 0
      01-22-2010, 12:33 PM   #15
Dr Dave
Zummerzet Zyder Drinker!
Dr Dave's Avatar
United Kingdom
63
Rep
5,541
Posts

 
Drives: '06 330D Le Mans Blue
Join Date: May 2009
Location: Somerset

iTrader: (3)

Garage List
__________________
Appreciate 0
      01-22-2010, 01:54 PM   #16
gerbil_b
First Lieutenant
Scotland
3
Rep
307
Posts

 
Drives: Skoda Octavia DSG TDi
Join Date: Apr 2009
Location: Tong, Isle Of Lewis

iTrader: (0)

Garage List
2008 318i  [0.00]
2006 Hyundai Coupe  [0.00]
hmmmmmmmm
Appreciate 0
      01-22-2010, 02:46 PM   #17
AlanQS
Colonel
AlanQS's Avatar
Scotland
25
Rep
2,523
Posts

 
Drives: 320d SE Coupe
Join Date: Jan 2008
Location: Glasgow

iTrader: (0)

Garage List
A lot of one word posts on the American side of the forums and short one sentence posts on our side.

I had my suspicions....
__________________
Appreciate 0
Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 11:07 PM.




e90post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST