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      05-30-2012, 02:59 PM   #1
rickyjones1209
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The wait might be over.....

So after what feels like the longest wait in history for anything ever I might be close to doing a deal on a 335i. It feels like the time was never going to arrive since my first post I think was in December or January!

The car is an 09 plate e92 M sport in black with cream leather. Its a step auto and has nav, bt, USB, privacy glass, heated seats and professional sound. I think everything I wanted really. Initially I didn't fancy the cream leather but it's grown on me.

It's an approved used car with 12 month warranty and 12 month tax and it's up for 17k which I think is a reasonable price? What's everyone's thoughts? I've seen older cars listed for more than this. Maybe the one compromise I'd be making is that it has 58k miles which I think is high for an 09 plate car.

Do I have anything to worry about or am I onto a winner if the finance comes back reasonable?

I'll know in the morning exactly what the finance is going to be and whether I can complete the deal so any feedback between now and then would be appreciated.
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      05-30-2012, 06:38 PM   #2
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The mileage would put me off tbh but the price is good. I suppose it's only 20k per year roughly.

The mileage will have a knock on effect on the resale value, which I know is weird considering now, but needs thought imo. If you don't do many miles a year then it may balance out a bit closer to say 10k per year.

But other than that, it sounds nice. I've seen the price off 335s go up on the AUC site. I don't think there's a DCT now under £20k.

But if it feels right go for it mate, enjoy!
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      05-30-2012, 06:42 PM   #3
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It seems a reasonable price to me. Not cheap but not expensive either.

It seems like your buying it because its an 09 reg to me. It got high mileage for its age so it's bound to be priced accordingly.

Before you part with your cash, make sure it's the car you want rather than a car you've found that's cheap for its age. Would you not rather have a 57reg or 08 reg car with the same spec but lower miles and your preferred colour leather? If not, then go for it. If your not sure, have a think about it before paying your deposit.
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      05-31-2012, 01:39 AM   #4
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Well that's it I agree with both posts. I'd prefer red leather and I'd prefer lower mileage but I think I'd be looking at 16k for a 57 or 08 plate car that won't have a warranty. For me the warranty is very appealing.

I expect to do about 8k miles so if I keep it for 2-3 years itl have 75k-85k miles on a 6 year old car. Maybe still a little high but I should be able to find a buyer.

I'd hope to be paying it off faster than it depreciates that's all.

I'll let you know how the finance looks later.
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      05-31-2012, 02:45 AM   #5
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It's funny how people worry about mileage for age. An older car with the same mileage will sell easier as a result.

If the car was a 56plate with 57k miles (10k per year) would everyone feel that a good buy? Personally I think a car with high miles in a short period has most likely been done gently on a motorway and not stop start traffic, b roads etc which wears components.
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      05-31-2012, 03:06 AM   #6
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Quote:
Originally Posted by phil200tdi
It's funny how people worry about mileage for age. An older car with the same mileage will sell easier as a result.

If the car was a 56plate with 57k miles (10k per year) would everyone feel that a good buy? Personally I think a car with high miles in a short period has most likely been done gently on a motorway and not stop start traffic, b roads etc which wears components.
I'm not too worried about the wear and tear or the condition of the car it's more about the resale value.

I don't want to have the car for 3 years and not be able to sell it.
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      05-31-2012, 03:21 AM   #7
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Quote:
Originally Posted by phil200tdi View Post
It's funny how people worry about mileage for age. An older car with the same mileage will sell easier as a result.

If the car was a 56plate with 57k miles (10k per year) would everyone feel that a good buy? Personally I think a car with high miles in a short period has most likely been done gently on a motorway and not stop start traffic, b roads etc which wears components.
+1, I bought my '58 plate 335i in late 2010 with just under 60k on the clock and it was an absolute steal. Owned by a guy who was an MD of a big company, the car did the majority of its miles on the motorway and bar a few stone chips on the front it was in excellent condition inside and out.

To the OP, you've pointed out the main issue. Mine is at 80k now and would be difficult to shift if I wanted rid of it but I love mine anyway
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      05-31-2012, 04:36 AM   #8
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It's not done stratospheric miles! 58K is piss-all
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      05-31-2012, 05:01 AM   #9
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Quote:
Originally Posted by Cyprio
It's not done stratospheric miles! 58K is piss-all
It is for a 335i but not for a 3 year old car.

Anyway, I've spoken with BMW and here is the score:

No deposit
£330 a month for 48 months
£5000 balloon payment

Can someone that has more of an understanding of finance work out that if I were to want to settle the balance after 24 months what my settlement figure would be please.

And also what are peoples thoughts on what the car is likely to be worth in 2 years if the car then has 80k miles?

If I'm not going to be in negative equity so to speak then I might just go for it!
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      05-31-2012, 05:44 AM   #10
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Not sure I would finance any car without putting down a deposit.

With interest charges you are going to be in negative equity for some time.
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      05-31-2012, 08:09 AM   #11
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The derbyshire BS has the best rates at the mo for loans under 20k.

Pcp isn't a bad, but the front end is where he interest is loaded.

Best to work out the total cost of the period between the two. A personal loan could save you quite a bit of interest......
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      05-31-2012, 09:47 AM   #12
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I think I've decided to give this car a miss. As much as I'm desperate to get a car now that I'm ready to buy, I feel i'd be rushing into a deal I'm not completely happy with and buying a a car that's not 100% what I want.

I've decided to cash in some shares that I've been sitting on for a rainy day so should end up with a 3k deposit and I'll borrow 15k from the bank. I think I can get the perfect motor for 18k.

That way the car will be mine at the end and I should be in positive equity from the start.

Thanks for your help guys, the search is well and truly on
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      05-31-2012, 10:57 AM   #13
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Marks & Spencer offer car loans at 6% APR with a balloon payment at the end. I doubt you will find a better deal,

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