BMW and M Power Owners
- Thread starter panthro
- Start date
No. You pay the depreciation anyway, regardless of how you finance it. That's how it works.
My 530d is over 4 years, I pay £25k over the 4 years (I basically paid the interest as a deposit), the final value is estimated to be £25k less than the purchase price. If the car has depreciated more than that £25k I can hand it back and walk away, if it has depreciated less, I can trade it in and use the balance as a deposit on the next car, or I can pay off the outstanding balance (in full or re-finance), or I can sell privately, with the buyer paying off the finance company, and keep the rest to do with as I please.
Sure, if I had £50k sitting in my bank account, making less than the 4% interest I am paying, it makes sense to look at a year old motor with a couple k on it and a huge saving. But if I don't have £50k to ***** on a car, or it does make more than 4% wherever it is, I'm as well off with the new one.
The other thing is if you try to PCP a year old motor, the future value is substantially less. You have an extra owner on the car at that point. Plus, your "discount" that you see is off of full list price, is not what you are ACTUALLY saving. So the £12k you might think your saving off list price on that 1 year old motor may actually be only £2k (after bargaining on a new car), which is more often than not negated by the increased APR and the lower future value.
Sure, the M5 that Housey is talking about, with £30k off the list, is probably £10k off the actual purchase price, so that is probably still worth doing. But for my 530d it really was a no brainer to get a new one rather than a year older as I got to pick the spec, and it was cheaper per month. Granted, there will still be a reasonable residual value still owed on the car, but there will be value left in the car anyway.
Ok.
So the way I do it is that I have saved some cash, I could use this to pay off the mortgage but I only pay 2.79% on my mortgage so I use this money to buy my cars, I try and avoid too much depreciation and just change cars from time to time.
Its just different ways of using your money, I've got a 0% deal on the new 640d and between that and the discounts available it ended up cheaper to buy the new car than it did to buy a used one.
It's really up to you how you spend your money. I don't see there being any massive financial hit on paying off a car using PCP. Sure, it is probably marginally more expensive if you plan on keeping the car forever, but most of us buying new motors, would only keep them for 3 to 4 years. So all your doing is kicking the residual payments down the road, rather than loading up your monthly payments.
To be honest though, if I was only paying 2.79% on my mortgage, I'd be trying to get as much of that paid off now before the interest rates rise, which should be happening soon enough. So I'd either be holding off buying a new motor just now, or looking at PCP if I had to replace my motor. Thereby keeping as much money as possible for mortgage repayments.
Yes the 640d deals are very good, when it was on last year I was offered around 19k discount and 0% finance.
What sort of deals can you get at the moment?
![[TW]Fox](/data/man-of-honor/2009.png){kind=avatar}
Why do you need to put coolant into an F30? That might sound like a stupid question but it's a sealed system which should not use coolant unless there is a fault or the system is leaking and every F30 is still new enough to be covered by warranty.
if it needs topping up there is probably something wrong with it?
If you absolutely do need to top it up I don't see why you wouldn't just use the BMW stuff especially on a car so new and still covered by warranty. It's not even expensive really.
You really don't need to keep spare coolant with you for a 2 year old BMW. If it needs coolant it's broken and BMW will come and collect it from you 
The entire point in having a nearly new car is so you don't need to cart a collection of spare fluids and parts around on every journey surely?
Oil is a consumable fluid which is why it's available in a handy topup kit from the dealer (or elsewhere). Coolant is not really the same..
The entire point in having a nearly new car is so you don't need to cart a collection of spare fluids and parts around on every journey surely?
Oil is a consumable fluid which is why it's available in a handy topup kit from the dealer (or elsewhere). Coolant is not really the same..
[TW]Fox;27219094 said:You really don't need to keep spare coolant with you for a 2 year old BMW. If it needs coolant it's broken and BMW will come and collect it from you
The entire point in having a nearly new car is so you don't need to cart a collection of spare fluids and parts around on every journey surely?
Oil is a consumable fluid which is why it's available in a handy topup kit from the dealer (or elsewhere). Coolant is not really the same..
I'll borrow your wisdom then!
It's true, I can summon them at need. Haven't had to yet, although did have a few problems with the e90
Not quite as good as I got about 17k off in total, but I'm happy with the deal and got the spec I wanted.
Still a good deal!
[TW]Fox;27219094 said:You really don't need to keep spare coolant with you for a 2 year old BMW. If it needs coolant it's broken and BMW will come and collect it from you
The entire point in having a nearly new car is so you don't need to cart a collection of spare fluids and parts around on every journey surely?
Oil is a consumable fluid which is why it's available in a handy topup kit from the dealer (or elsewhere). Coolant is not really the same..
Totally agree. My 130,000 mile, 12 year old E46 330i hasn't used a drop of any fluid in the time I've owned it, including oil (Well, I guess it has used petrol and screen wash to be fair) I've probably done about 3,000 miles since getting it.
I'd be horrified if a nearly new BMW was using coolant, and it would clearly have a fault. I think I'd probably want to be disappointed it was using any oil, but it seems common on modern engines to use oil.
I changed the track rods (both sections) on my 330d on Saturday. Took quite a long time due to some rusted bolts etc, but nothing some heat and leverage couldn't solve. Thanks to those who gave me some advice 
I've got the bug now so the discs and pads will be done next. Hopefully (he says wishfully) they should be a little more straight forward.
This is the main reason I chose a Z4 with the 18's instead of the 19's. The 19's do look better, but the ride was so stiff and you could feel every single imperfection on the road.
The ride is still a little stiff with 18's and non runflats but comparitively it's much more comfortable.
I've got the bug now so the discs and pads will be done next. Hopefully (he says wishfully) they should be a little more straight forward.[TW]Fox;27215061 said:
This is the main reason I chose a Z4 with the 18's instead of the 19's. The 19's do look better, but the ride was so stiff and you could feel every single imperfection on the road.
The ride is still a little stiff with 18's and non runflats but comparitively it's much more comfortable.
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Anyone offer insight?
Involved in car crash today, other party admitted liability. Both drivers side doors are badly
Damaged but that's about it the only damage, and the skirt has been damaged and is hanging of but that's it. Likely to repaired by insurers or written of, it's just two doors which seem badly damaged that's it no other damage at all
Involved in car crash today, other party admitted liability. Both drivers side doors are badly
Damaged but that's about it the only damage, and the skirt has been damaged and is hanging of but that's it. Likely to repaired by insurers or written of, it's just two doors which seem badly damaged that's it no other damage at all
Nobody is going to write off a £20k car because of two damaged doors. It'll be a repair without question.
Surely you could have worked it out yourself - I mean a writeoff happens when it's more cost effective to pay the policyholder the value of the car than it is to repair the car. Why would that be the case for two dinged doors on a £20,000 car?
Surely you could have worked it out yourself - I mean a writeoff happens when it's more cost effective to pay the policyholder the value of the car than it is to repair the car. Why would that be the case for two dinged doors on a £20,000 car?
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[TW]Fox;27227955 said:
Well never been in a crash tbf just pretty shaken by it so excuse the silly question. Do you have an estimate on how long two doors and a new skirt could take to be repaired? Thanks for your response btw.