E90Post
 


GetBMWParts
 
BMW 3-Series (E90 E92) Forum > BMW E90/E92/E93 3-series General Forums > Regional Forums > UK > UK Off-Topic Discussions > new car deals



Reply
 
Thread Tools Search this Thread
      03-21-2011, 03:20 PM   #1
acerboo
Brigadier General
England
57
Rep
3,686
Posts

 
Drives: e92 335d lci
Join Date: Jul 2008
Location: kent

iTrader: (2)

new car deals

my father collected his new discovery today sourced through brokers Broadspeed can thoroughly recommend them good price and smooth operation
Appreciate 0
      03-21-2011, 03:42 PM   #2
pjs
Colonel
pjs's Avatar
58
Rep
2,560
Posts

 
Drives: F30 335d
Join Date: Oct 2008
Location: NORTH

iTrader: (1)

BRAND NEW - '60 PLATE
BMW M3 V8 COUPE - RRP 50,000
3 Year "Walk Away" Contract
3+35 (ask for different profile)
10,000 Miles pa (ask for more)
1,995 Advance Payment
JUST 555 PM + VAT

On the same site, caught my eye!
Appreciate 0
      03-21-2011, 03:54 PM   #3
dxb335d
The Tarmac Terrorist
dxb335d's Avatar
England
381
Rep
29,293
Posts

 
Drives: E46 M3 CS
Join Date: Mar 2007
Location: ''Fandango Towers''

iTrader: (3)

Garage List
Not brand new then is it, it's 11 plate now
__________________
997.2 GT3
Appreciate 0
      03-21-2011, 03:59 PM   #4
urfankhaliq
Captain
United Kingdom
13
Rep
664
Posts

 
Drives: BMW 320D SE Auto
Join Date: Apr 2010
Location: London

iTrader: (0)

Garage List
2003 BMW X5  [0.00]
2005 BMW 320D SE  [0.00]
Quote:
Originally Posted by pjs View Post
BRAND NEW - '60 PLATE
BMW M3 V8 COUPE - RRP 50,000
3 Year "Walk Away" Contract
3+35 (ask for different profile)
10,000 Miles pa (ask for more)
1,995 Advance Payment
JUST 555 PM + VAT

On the same site, caught my eye!
never really have understood how finance deals work. does that mean your hiring or buying it?
__________________
e90 320d SE Auto, Sparkling Graphite
Appreciate 0
      03-21-2011, 04:01 PM   #5
rogerxp
Major General
rogerxp's Avatar
United Kingdom
73
Rep
5,925
Posts

 
Drives: M3 Comp Pack / QQ+2 Tekna
Join Date: May 2008
Location: Stockport, Cheshire

iTrader: (1)

Garage List
Essentially hiring (you could make them an offer at the end of the term if you'd like to keep it then just finance the balance).
__________________
Current -: MW E92 M3 Competition Pack / Qashqai+2 Tekna 1.6dci
Gone -: 370Z GT Roadster; BMW X3 3.0d xdrive M Sport; E46 330i M Sport Coupe; Mazda RX8 231; Nissan 350Z GT Roadster; BMW E90 330d M Sport; BMW E92 335i SE; Maserati 4200; Nissan 350Z; Honda S2000; Astra Coupe Turbo; Ford Probe
Appreciate 0
      03-21-2011, 04:02 PM   #6
urfankhaliq
Captain
United Kingdom
13
Rep
664
Posts

 
Drives: BMW 320D SE Auto
Join Date: Apr 2010
Location: London

iTrader: (0)

Garage List
2003 BMW X5  [0.00]
2005 BMW 320D SE  [0.00]
Quote:
Originally Posted by rogerxp View Post
Essentially hiring (you could make them an offer at the end of the term if you'd like to keep it then just finance the balance).
so isnt that a bit silly and expensive to be paying 2k and then 600+ a month just to hire a car?
__________________
e90 320d SE Auto, Sparkling Graphite
Appreciate 0
      03-21-2011, 04:03 PM   #7
rogerxp
Major General
rogerxp's Avatar
United Kingdom
73
Rep
5,925
Posts

 
Drives: M3 Comp Pack / QQ+2 Tekna
Join Date: May 2008
Location: Stockport, Cheshire

iTrader: (1)

Garage List
Yeah but its not a Vauxhall Corsa is it!!!

Takes the future depreciation out of the equation which you could say is peace of mind. You either buy it (if the value is more than their offer price) or hand the keys back (if the offer price is higher than it's true value). Provides and element of peace of mind, so you can budget easily for it, but does give you a very inflexible contract. Can work out seriously cheaper than buying yourself because of the bulk discounted prices these companies can get and share the profit with you.
Appreciate 0
      03-21-2011, 04:03 PM   #8
urfankhaliq
Captain
United Kingdom
13
Rep
664
Posts

 
Drives: BMW 320D SE Auto
Join Date: Apr 2010
Location: London

iTrader: (0)

Garage List
2003 BMW X5  [0.00]
2005 BMW 320D SE  [0.00]
lol
__________________
e90 320d SE Auto, Sparkling Graphite
Appreciate 0
      03-21-2011, 04:27 PM   #9
doc_ab
Major
12
Rep
1,181
Posts

 
Drives: M235i
Join Date: May 2010
Location: buckinghamshire

iTrader: (1)

Garage List
2014 M235i  [0.00]
2009 BMW 330D  [0.00]
Quote:
Originally Posted by pjs View Post
BRAND NEW - '60 PLATE
BMW M3 V8 COUPE - RRP 50,000
3 Year "Walk Away" Contract
3+35 (ask for different profile)
10,000 Miles pa (ask for more)
1,995 Advance Payment
JUST 555 PM + VAT

On the same site, caught my eye!
That worse out at 25000 over three years. What would a 10 plate M3 cost and then be worth in 3 years time?
Appreciate 0
      03-21-2011, 04:29 PM   #10
urfankhaliq
Captain
United Kingdom
13
Rep
664
Posts

 
Drives: BMW 320D SE Auto
Join Date: Apr 2010
Location: London

iTrader: (0)

Garage List
2003 BMW X5  [0.00]
2005 BMW 320D SE  [0.00]
Quote:
Originally Posted by doc_ab View Post
That worse out at 25000 over three years. What would a 10 plate M3 cost and then be worth in 3 years time?
you wouldn't own this though after three years so you would need to pay extra to buy it?
__________________
e90 320d SE Auto, Sparkling Graphite
Appreciate 0
      03-21-2011, 05:34 PM   #11
rogerxp
Major General
rogerxp's Avatar
United Kingdom
73
Rep
5,925
Posts

 
Drives: M3 Comp Pack / QQ+2 Tekna
Join Date: May 2008
Location: Stockport, Cheshire

iTrader: (1)

Garage List
Quote:
Originally Posted by doc_ab View Post
That worse out at 25000 over three years. What would a 10 plate M3 cost and then be worth in 3 years time?
Well, based on this very rough science, the most expensive M3 on the AUC site is 60,000 (Sept 10 registered, 4.5k on the clock) so let's say a new M3, kitted up, is 65,000. At the other end of the spectrum is an Oct 07 registered M3 (with 36k on the clock) on at 30,000 so let's say 30-35,000 depreciation over 3 years ownership.

Now, you don't need a degree on maths to work out you'd rather lose 25k over 3 years (guaranteed) rather than 30k or even 35k (not guaranteed) if you were going to purchase a new M3 anyway.

Obviously, being a finance contract, it's not that easy, the inflexibility of it all (no way out of the contract) does make you think twice, but if that's not a problem, it's a very cheap way to buy an M3.
__________________
Current -: MW E92 M3 Competition Pack / Qashqai+2 Tekna 1.6dci
Gone -: 370Z GT Roadster; BMW X3 3.0d xdrive M Sport; E46 330i M Sport Coupe; Mazda RX8 231; Nissan 350Z GT Roadster; BMW E90 330d M Sport; BMW E92 335i SE; Maserati 4200; Nissan 350Z; Honda S2000; Astra Coupe Turbo; Ford Probe
Appreciate 0
      03-22-2011, 04:04 AM   #12
briers
Ben
briers's Avatar
United Kingdom
34
Rep
1,971
Posts

 
Drives: XFR
Join Date: May 2010
Location: Midlands,UK

iTrader: (0)

Quote:
Originally Posted by urfankhaliq View Post
you wouldn't own this though after three years so you would need to pay extra to buy it?
No you wouldn't own it but you would have the 30k in the bank that you would have spent buying it outright. Finance deals aren't for everyone but that 25k you pay in 3 years would cover the depreciation and handling, exactly what you would have lost if you bought it outright. The depreciation can also be less because the volume of cars bought gives you a better purchase price.

Alternatively, just buy one second hand to minimise the loss.
Appreciate 0
      03-22-2011, 04:31 AM   #13
335diesel
Brigadier General
335diesel's Avatar
United Kingdom
56
Rep
4,009
Posts

 
Drives: 335d Touring
Join Date: Jul 2009
Location: Cornwall

iTrader: (0)

Garage List
But but but when you lovingly polish and clean it you know all you're doing is looking after it for someone else...

The sums often appear to make sense but I just can't get my head around "hiring" a car. I want it to be MINE MINE MINE.

***Goes off to play with some Lego...***
__________________


E91 335d SE Touring

Also Land Rover Puma Defender 110 XS station wagon
Appreciate 0
      03-22-2011, 04:46 AM   #14
creepy coupe
Major General
creepy coupe's Avatar
98
Rep
8,173
Posts

 
Drives: M235i
Join Date: Aug 2007
Location: UK

iTrader: (2)

Garage List
2009 335i  [0.00]
Quote:
Originally Posted by 335diesel View Post
But but but when you lovingly polish and clean it you know all you're doing is looking after it for someone else...

The sums often appear to make sense but I just can't get my head around "hiring" a car. I want it to be MINE MINE MINE.

***Goes off to play with some Lego...***
I feel the same, not saying it makes more economic sense, but just part of the ownership experience for me.

I did look down the PCP route, it would have cost me 1200 per month on a new car. I bought mine with 4.5k on the clock and five months old, it was 8k less than a new one
Appreciate 0
      03-22-2011, 05:14 AM   #15
doc_ab
Major
12
Rep
1,181
Posts

 
Drives: M235i
Join Date: May 2010
Location: buckinghamshire

iTrader: (1)

Garage List
2014 M235i  [0.00]
2009 BMW 330D  [0.00]
I am also not a fan of contract hire but see how it makes financial sense for some.

The examples posted above are not really accurate. This is NOT a new car and was quoted as 50000 new with no discount so now worth less. Let's say 40k. With the example above it would be worth 15k after 3 years, I suspect it would be worth more. Remember the finance company has to make money and whilst it will do so on finance charges, it will also on the car price.

The money won't be in the bank as stated above as it will gradually reduce and you might be paying more. If I needed finance then I would just get the best loan deal that I could but I just save my pennies and buy something when I can afford it.
Appreciate 0
      03-22-2011, 05:54 AM   #16
dxb335d
The Tarmac Terrorist
dxb335d's Avatar
England
381
Rep
29,293
Posts

 
Drives: E46 M3 CS
Join Date: Mar 2007
Location: ''Fandango Towers''

iTrader: (3)

Garage List
Quote:
Originally Posted by dxb335d View Post
Not brand new then is it, it's 11 plate now
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
__________________
997.2 GT3
Appreciate 0
      03-22-2011, 06:08 AM   #17
mowflow
Colonel
mowflow's Avatar
Scotland
28
Rep
2,433
Posts

 
Drives: F20 125d
Join Date: Feb 2010
Location: Glasgow

iTrader: (2)

Surely it's got to do with when you buy as well. if you got into this deal now the new 3 series would be out by the end of the deal. The new M3 wouldn't be out if it even proves possible to make such cars in 3 years time but it would still be regarded by many as being an old shape so it may have depreciated more. Not too mention how the ever increasing running cost of a car like this will effect the depreciation in 3 years time. I guess that will be the lease companies problem though.

I've concidered PCP in the past as an attractive way of owning a brand new car every X number of years. Mainly because I don't see the point in owning an ever depreciating asset outright. However, I always end up going this route as contracts just make me nervous.
__________________
Daily F20 125d | Alpine white | coral red leather | visibility pack | driver comfort pack | Business pro | black panel display | heated seats | BMW P Black grill
Project Peugeot 205 1.6 GTi | Alpine white | No ABS | No traction control | No power steering... pretty much just a car

Last edited by mowflow; 03-22-2011 at 06:31 AM.
Appreciate 0
      03-22-2011, 08:38 AM   #18
bimmaguy
Private
0
Rep
91
Posts

 
Drives: BMW E91 335d M Sport
Join Date: Nov 2010
Location: Yorkshire

iTrader: (0)

this thread got me thinking about how many forum members actually own their car(s) outight as in paid for with no loans, debts linked to it????

not many i bet?!
Appreciate 0
      03-22-2011, 10:07 AM   #19
BC4J
Captain
BC4J's Avatar
United Kingdom
12
Rep
727
Posts

 
Drives: F30 328i
Join Date: Apr 2007
Location: Berkshire

iTrader: (0)

Garage List
2007 E90 335d  [0.00]
Quote:
Originally Posted by bimmaguy View Post
this thread got me thinking about how many forum members actually own their car(s) outight as in paid for with no loans, debts linked to it????

not many i bet?!
I'm one!
__________________
Now sold - E90 335d SE Individual: Ruby Black Metallic, Rust Brown Merino Leather, High-gloss Amarone Walnut. And some options.
Appreciate 0
      03-22-2011, 10:22 AM   #20
335diesel
Brigadier General
335diesel's Avatar
United Kingdom
56
Rep
4,009
Posts

 
Drives: 335d Touring
Join Date: Jul 2009
Location: Cornwall

iTrader: (0)

Garage List
Quote:
Originally Posted by bimmaguy View Post
this thread got me thinking about how many forum members actually own their car(s) outight as in paid for with no loans, debts linked to it????

not many i bet?!
Both cars owned outright and bought with that strange stuff called cash. Same with everything we "own" Did the (IMO) naive loan thing in my early years - never ever again. It's not wrong, it's just not for us.
__________________


E91 335d SE Touring

Also Land Rover Puma Defender 110 XS station wagon
Appreciate 0
      03-22-2011, 11:19 AM   #21
Boyd1963
Major
Boyd1963's Avatar
United Kingdom
16
Rep
1,301
Posts

 
Drives: 2011 320d e92
Join Date: Sep 2009
Location: Bournemouth

iTrader: (0)

Garage List
Sep 2011 E92  [0.00]
Quote:
Originally Posted by 335diesel View Post
Both cars owned outright and bought with that strange stuff called cash. Same with everything we "own" Did the (IMO) naive loan thing in my early years - never ever again. It's not wrong, it's just not for us.
I own both of mine as well and bought with cash. (Then again they are sh*t)
Appreciate 0
      03-22-2011, 11:51 AM   #22
rogerxp
Major General
rogerxp's Avatar
United Kingdom
73
Rep
5,925
Posts

 
Drives: M3 Comp Pack / QQ+2 Tekna
Join Date: May 2008
Location: Stockport, Cheshire

iTrader: (1)

Garage List
My whole world is financed up to the hilt; I just can't get enough 'free' money .
__________________
Current -: MW E92 M3 Competition Pack / Qashqai+2 Tekna 1.6dci
Gone -: 370Z GT Roadster; BMW X3 3.0d xdrive M Sport; E46 330i M Sport Coupe; Mazda RX8 231; Nissan 350Z GT Roadster; BMW E90 330d M Sport; BMW E92 335i SE; Maserati 4200; Nissan 350Z; Honda S2000; Astra Coupe Turbo; Ford Probe
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 12:06 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