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      04-10-2007, 01:34 PM   #1
sgc
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Good Deal?

Looking for opinions on this deal from people who have bought recently and have an idea on what's realistically acheivable. Managed to negotiate a 12.5%discount and 8% APR on a PCP deal with my local dealer on a 320d M Sport. Just wondered if that seems about right and if the APR on BMW finance can be squeezed lower?

Also, on the spec. has anyone experience of the Individual Sun Protection Glass? Is it good enough to negate the need for blinds?

Thanks.
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      04-10-2007, 01:51 PM   #2
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Quote:
Originally Posted by sgc View Post
Looking for opinions on this deal from people who have bought recently and have an idea on what's realistically acheivable. Managed to negotiate a 12.5%discount and 8% APR on a PCP deal with my local dealer on a 320d M Sport. Just wondered if that seems about right and if the APR on BMW finance can be squeezed lower?

Also, on the spec. has anyone experience of the Individual Sun Protection Glass? Is it good enough to negate the need for blinds?

Thanks.
It's not a terrible rate at the moment for PCP, but the cheapest personal loan rates are 6.3% and that should be your target.

Discount looks great, but drive the deal are offering 17% off (22,810) at the moment - if you are not tradin in it would be worth a look.

With regard to the PCP structure, you need to watch the retained value. I found that they were artificially low, which costs you in the end.

You might be better getting a personal loan offer (look at moneysupermarket.co.uk) and asking BMW to match it for straightforward HP.

Monthly costs might increase, but it will be a better deal overall.

Alternatively, if you want to keep the payments down a lease purchase scheme will probably work out cheaper for you than a PCP, but you will have to take the risk on the trade in value.

The 320d msports hold their price REALLY well though and if you bought at the drive the deal price I reckon year one depreciation would be EXTREMELY low.
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      04-10-2007, 02:30 PM   #3
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NFS - good site

Just noticed something though

"Extra Information
PLEASE NOTE THE VARIOUS BMW SERVICE PACKS WILL NOT BE DISCOUNTED.

The discounted price for BMW 3 Series Diesel Saloon includes a 1250 bonus which is conditional upon you taking out BMW Select Finance with BMW Financial Services.

BMW are offering 8.2% Typical APR. The finance must be taken out for a minimum 36 months. Subject to Status.

If you do not wish to take out this finance then you will need to add 1250 to the discounted price that we will quote you
.

All prices are valid for cars ordered after 4th April and registered, delivered and financed by 29th June 2007."

335i price as stock - no extras
34184 discount 5654.33 = 28530

335d price as stock - no extras
36110 discount 5937.13 =30172.87
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      04-10-2007, 02:51 PM   #4
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Originally Posted by 1stnewcar View Post
BMW are offering 8.2% Typical APR. The finance must be taken out for a minimum 36 months. Subject to Status.

If you do not wish to take out this finance then you will need to add 1250 to the discounted price that we will quote you
.
Where did you see this info. When I look on drive the deal I just see a cash offer with no conditions. They also say that you don't pay them, but instead pay the dealer direct.

In any event, BMW financial services will go lower than 8.2% APR. You will just need to persuade them that this is necessary to secure the deal.

BTW - for your own purposes - if you are taking out any sort of finance I would seriously suggest that you call Lombard - not 'Lombard Direct', but Lombard Business.

http://www.lombard.co.uk/

They will lend to personal customers on high value cars and in my case they immediately offered to match the current best rate for unsecured personal loans.

Funnily enough BMW agreed to match this within a couple of minutes, despite having earlier said that no-one would offer that rate on lease purchase.
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      04-10-2007, 02:55 PM   #5
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Originally Posted by needforspeed View Post
Where did you see this info. .

http://www.drivethedeal.com/quoteme....+DIESEL+SALOON
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      04-11-2007, 01:45 AM   #6
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also look at coast 2 coast cars., nicer web format similar if not better prices. some good deals to be had particullary on the new e92 msports.
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      04-11-2007, 02:23 AM   #7
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The car i have ordered with coast cmes out at £39611.41 with drive the deal its £38248.28 , going to chat with the dealer and see if they will match it if i use their finance
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      04-11-2007, 02:29 AM   #8
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what spec scoot?
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      04-11-2007, 02:45 AM   #9
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God too much
335D M sport Touring
Comfort Access,
Pro Nav
Xenons
High Beam Assist
Phone/Voice control
DAB
Logic 7
Electric Tow Bar
Tinted Windows
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      04-11-2007, 03:46 AM   #10
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The car i have ordered with coast cmes out at 39611.41 with drive the deal its 38248.28 , going to chat with the dealer and see if they will match it if i use their finance
Don't mention the finance restriction on Drive the Deal. I don't think the dealer will be aware of it.

When I bought my car they checked the website whilst I sat there and negotiated the discount back from that position.

They didn't match it - but they got with around five hundred quid from memory.
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      04-11-2007, 03:53 AM   #11
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Quote:
Originally Posted by sgc View Post
Looking for opinions on this deal from people who have bought recently and have an idea on what's realistically acheivable. Managed to negotiate a 12.5%discount and 8% APR on a PCP deal with my local dealer on a 320d M Sport. Just wondered if that seems about right and if the APR on BMW finance can be squeezed lower?

Also, on the spec. has anyone experience of the Individual Sun Protection Glass? Is it good enough to negate the need for blinds?

Thanks.
Reminded me of this weblink to an online car loan calculator:

http://www.dynamic-webs.co.uk/inform...alculator.html

It would be worth playing around with this a bit to see the effect of a lower APR or a higher retained value / final payment. You can also take the final payment out altogether to see the straight HP costs.

The APR is not bad, but not stunning. The discount is good, but you may still be paying more that you should because of a very low 'guaranteed minimum future value'.
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      04-11-2007, 06:36 AM   #12
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have drivethedeal discounts gone up lately? I just spec'd a car like mine and the discount was 16% !!!!

I got about 13% from my dealer and they gave me about right p/x - and at the time (a few weeks ago) I thought they'd got pretty close to the internet brokers e.g. coast2coast, broadspeed etc.

Do people actually walk into dealerships and buy with little or no discount ? If not then all this discounting is going to lead to lower p/x values presumably in which case is it really a discount.
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      04-11-2007, 06:49 AM   #13
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this being a bmw forum, most people using it will negogiate. But discount leveraged really depends on so many factors. E90 is heavily discounted as it past its 'new car stage' and bmw are looking at volume sales. see the convertible is not discounted at all, even the ex-demo cars will go at list.

i have seen people literally not ask the dealers, but the dealer then plays on it offering them a good disconut if they are willing to put down a deposit today etc... hence why they want you to come into to see them etc... harder to get away! 13 per cent is good for E90@ dealers, i got 11 per cent on a E92 Msport although delivery is not for many many month
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      04-11-2007, 09:09 AM   #14
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OK , i rang my dealer to see if i can get this extra discount on the finance deal so my saving would be the same as DrivetheDeal as i went with Coast2Coast. No problem at all so i have now got a further 1250 saving , i think my car should of cost 45500 and its going to be around 38250 so a saving off ::::::::::::: 7250


But i do have to use their finance
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      04-11-2007, 09:45 AM   #15
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      04-11-2007, 11:28 AM   #16
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Guys,
thanks for all the info, have got some quotes from Drive the Deal, which are pretty tempting. Now in the postion where a 325d or even a 330d M Sport (with a larger deposit) would come under a similar monthly price bracket! This is the sort of dilemna i like. What would you do? Slightly higher MPG not a major concern, but trying to keep monthly payments and deposit as low as i can. Coming from a re-mapped Focus ST3, i would like similar performance. Going for a Touring to accomodate soon to arrive second child.
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      04-11-2007, 11:52 AM   #17
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      04-11-2007, 11:55 AM   #18
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whynot just dns remap the 325d and spend the saved cash on extras.

:rocks:
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      04-11-2007, 01:59 PM   #19
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Quote:
Originally Posted by sgc View Post
Guys,
thanks for all the info, have got some quotes from Drive the Deal, which are pretty tempting. Now in the postion where a 325d or even a 330d M Sport (with a larger deposit) would come under a similar monthly price bracket! This is the sort of dilemna i like. What would you do? Slightly higher MPG not a major concern, but trying to keep monthly payments and deposit as low as i can. Coming from a re-mapped Focus ST3, i would like similar performance. Going for a Touring to accomodate soon to arrive second child.
See if you can reduce the APR by enough to get the 330d msport for whatever you were prepared to pay for the 325d.

Alternatively look at a lease purchase scheme to 'park' the resale value of the car as a final payment. Interest charges increase, but you will reduce the monthly cost.

Play around with the loan calculator I posted above.
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      04-11-2007, 02:02 PM   #20
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Originally Posted by Scoot View Post
OK , i rang my dealer to see if i can get this extra discount on the finance deal so my saving would be the same as DrivetheDeal as i went with Coast2Coast. No problem at all so i have now got a further 1250 saving , i think my car should of cost 45500 and its going to be around 38250 so a saving off ::::::::::::: 7250


But i do have to use their finance
So you have to go with the 8.2% APR quoted on drive the deal?

I think you could still better this, but not by enough to offset the additional 1850 discount.
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      04-11-2007, 02:12 PM   #21
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The loan calculator is certainly a handy tool. My quote from Drive the Deal was on APR of 8%, not 8.2% as stated so may be room for further negotiation. Local dealer was on the phone earlier this evening and could not beleive the deal i have been offered. Seems extremely keen to attempt to get close to this deal and has asked me to e-mail the figures, which he wants to run by his boss. Should be interesting to see if he can do anything!
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      04-11-2007, 03:53 PM   #22
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my e92 335i m-sport is due end of next month. got a 3% discount still pretty gutted I didnt ask you guys first. Acutally its "5"% due to the price rises that come into effect 1st March.

was comtemplating cancelling the order and losing a grand.. and then re-ordering via coast2coast saving 2.5K but then its really only 1.5 i will save and then I have to wait a long time! not worth it i think. might email the dealer and ask for more as re: to my part x.. as rather foolishly i havent sorted this.. wish i asked you guys.

just out of curosity i just checked out a drive the deal price on my spec

E92 m-sport – sapphire black
225m rims
Sat nav pro/Bluetooth/voice
Grey poplar wood
Auto
Usb (6fl)
Coral red
Heated seats
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Drive The Deal Discounted Price: 41395
Your Saving: 975

Is this correct.. ? its very low

Last edited by dazzapb; 04-11-2007 at 03:54 PM. Reason: grammar
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