Buying a £20,000 car (loan)

chaparral · 27 Dec 2016 at 18:58

xs2man said:
Come back when you have driven a ZF8 Speed mated to a decent engine.

Ok Next time am struck in a slow moving traffic jam i think about testing driving one..

[TW]Fox · 27 Dec 2016 at 19:07

chaparral said:
Ok Next time am struck in a slow moving traffic jam i think about testing driving one..

It's so good I never want another manual ever again.

DannyW · 27 Dec 2016 at 19:08

[TW]Fox;30346993 said:
It's so good I never want another manual ever again.

+1

What's car(s)? Do you have now fox?

[TW]Fox · 27 Dec 2016 at 19:17

I have an LCI 530d M Sport now

(And my not so trusty E39 530i)

DannyW · 27 Dec 2016 at 19:18

[TW]Fox;30347019 said:
I have an LCI 530d M Sport now

Nice bet you were sad to see your e39 go

[TW]Fox · 27 Dec 2016 at 19:20

I couldn't let it go, I will always have that

DannyW · 27 Dec 2016 at 19:21

[TW]Fox;30347035 said:
I couldn't let it go, I will always have that

Haha I kinda guessed you still had it that's why I said car(s)

still probably one of the last bmws built with a soul and passion

xs2man · 27 Dec 2016 at 19:25

chaparral said:
Ok Next time am struck in a slow moving traffic jam i think about testing driving one..

It's ok mate. Just a lack of knowledge / experience that makes you think all autos are terrible. I too thought that until I got my 530d. That completely blew me away how good an auto box can actually be.

They are no longer the box of choice for big exec saloons and 4x4's. They can be a relatively sporty cars too, and can enhance the experience.

Sure, if you had a proper sports car, that was only doing track work, you would want a manual. Or if you were too tight to fork out for the auto box. Or the auto box available to you was poor. But this really isn't the case with the current BMW line-up. Or, indeed, many of the better Audi's. I really wanted the DSG box in my Golf GTI, but alas, the manual I bought came up locally for the right price, and I couldn't be bothered hunting any more. That's the only reason I don't currently have an auto (apart from my Range Rover).

chaparral · 27 Dec 2016 at 20:04

xs2man said:
It's ok mate. Just a lack of knowledge / experience that makes you think all autos are terrible. I too thought that until I got my 530d. That completely blew me away how good an auto box can actually be.

They are no longer the box of choice for big exec saloons and 4x4's. They can be a relatively sporty cars too, and can enhance the experience.

Sure, if you had a proper sports car, that was only doing track work, you would want a manual. Or if you were too tight to fork out for the auto box. Or the auto box available to you was poor. But this really isn't the case with the current BMW line-up. Or, indeed, many of the better Audi's. I really wanted the DSG box in my Golf GTI, but alas, the manual I bought came up locally for the right price, and I couldn't be bothered hunting any more. That's the only reason I don't currently have an auto (apart from my Range Rover).

I don't think auto's are terrible...Just find a manual makes driving more fun..

There best times for an auto and there best times for a manual

For long drives while relaxing and just listening to some music you want an auto
For traffic jams you want an auto
For just driving to work , shops etc you want an auto

But for my drivng around just for fun drives i prefer a manual

DannyW · 27 Dec 2016 at 20:41

anyone know what the warranty period is on the 335d?

if i were to get a 14 plate one would that basically be out of warranty?

i'm guessing a bmw extended warranty is 1-2k?

adam cool dude · 27 Dec 2016 at 20:42

xs2man said:
Yep. Agreed. Man-math is a bit off on this one.

I averaged a little under 40 mpg when I had my 335d. But lets say, for arguments sake, that he can average 40 mpg. And a similar powered petrol equivalent can average around 28 mpg (which I believe to be genuinely generous for both).

Now, in a 340i / 335i you just would use super unleaded, and standard diesel in your 335d. So local prices to me, today, are £1.169 for Mom99 and £1.149 for Tesco diesel (probably the most likely source of both fuels).

Over £10k per year, the diesel is £592 cheaper. So looking at around £1777 better off in the diesel over the 3 years.

A quick look on Autotrader puts the 335i roughly 2-3k cheaper than a similar 335d. No brainer really.

Dangerous Dave · 27 Dec 2016 at 20:50

DannyW said:
anyone know what the warranty period is on the 335d?

if i were to get a 14 plate one would that basically be out of warranty?

i'm guessing a bmw extended warranty is 1-2k?

You can get a quote online https://www.bmw-warranty.co.uk/Start

a quick check with a reg off Autotrader and it's £632 a year with £100 excess and breakdown cover for a 13 plate car with 30k.

xs2man · 27 Dec 2016 at 20:54

DannyW said:
anyone know what the warranty period is on the 335d?

if i were to get a 14 plate one would that basically be out of warranty?

i'm guessing a bmw extended warranty is 1-2k?

Nah, nothing like that. I was around the £300 for the comprehensive warranty. I did go max excess though, and it was a warranty renewal rather than just taking out a warranty.

It's a 3 series, so has 3 series warranty. They don't distinguish between engines at BMW. The M division does have a different warranty rate though.

adam cool dude said:
A quick look on Autotrader puts the 335i roughly 2-3k cheaper than a similar 335d. No brainer really.

Possibly. Not quite sure it is a no brainer. I was certainly impressed very much with my 335d. I do a lot of miles, and visiting the petrol station at least 30% more often does get tiring. I like having a 550-600 mile range in my tank. It is much less depressing that 300 - 325 miles. Especially if you have a long drive ahead of you.

But then again, my 335d was mapped to around 340 BHP. So was more than fun enough. The OP will be running his under warranty, by the sounds of it. So it is hardly a no brainer since most of the arguments on here around diesel vs petrol is maintenance costs.

apple_man77 · 27 Dec 2016 at 20:59

Why don't you just get a brand new BMW on PCP rather than messing about with loans etc.

For £1000 deposit and £349 x 47 you could be driving a brand new BMW 240i, thats less per month than the bank loan you're looking at, its a brand new car with warranty etc and I don't think anyone can turn their nose up at a 240i even though the 335d is a lovely motor.

Edit if you're not worried about lots of fancy options you could get this...

The New Base Price deal from TRL is M140i 3 Door Manual, in AW, no options. deposit £500 then 47 x £299 plus GFV £13,306. Based on 8K miles PA.
APR 4.9%

Obviously you can spec it up if you want...

DannyW · 27 Dec 2016 at 21:35

apple_man77 said:
Why don't you just get a brand new BMW on PCP rather than messing about with loans etc.

For £1000 deposit and £349 x 47 you could be driving a brand new BMW 240i, thats less per month than the bank loan you're looking at, its a brand new car with warranty etc and I don't think anyone can turn their nose up at a 240i even though the 335d is a lovely motor.

Edit if you're not worried about lots of fancy options you could get this...

The New Base Price deal from TRL is M140i 3 Door Manual, in AW, no options. deposit £500 then 47 x £299 plus GFV £13,306. Based on 8K miles PA.
APR 4.9%

Obviously you can spec it up if you want...

Where are you finding deals like this? From BMW?

sigma · 27 Dec 2016 at 22:01

Surely the 3 series will lose less £ in depreciation than the cost of the 240i lease.

apple_man77 · 27 Dec 2016 at 22:03

DannyW said:
Where are you finding deals like this? From BMW?

Google TRL BMW - He's a chap who works at BMW (salesman) - But somehow seems to offer incredible deals. He's obviously 100% legit and done hundreds of deals for people online. I will certainly contact him next time I want a new car!

Have a look through these threads but plenty more online...

http://www.babybmw.net/forum/viewtopic.php?f=80&t=72965&sid=29f4eec826f26eeb8099fef5e69c50b3

http://f30.bimmerpost.com/forums/showthread.php?t=932238

apple_man77 · 27 Dec 2016 at 22:07

sigma said:
Surely the 3 series will lose less £ in depreciation than the cost of the 240i lease.

Probably not if you look at his monthly costs...

The loan he wants is £360 per month he's then on about taking out a BMW warranty on top...

£299 he could be sitting in a brand new 140i and hand it back at the hand and not worry about any depreciation and start all over again.

I only skim read so apologies if I'm wrong but he's on about keeping the car a few years and taking out a top up loan to buy a newer car and start the process all over again.

sigma · 27 Dec 2016 at 22:08

Is the spec going to be like-for-like though? Looking at the options list it seems to soon start adding up.

apple_man77 · 27 Dec 2016 at 22:22

sigma said:
Is the spec going to be like-for-like though? Looking at the options list it seems to soon start adding up.

Well it depends what he's actually after in terms of spec even if he adds a few options he'll still be around the same price as that loan for a brand new car, just as quick with a glorious 3ltr 6 cylinder engine - no warranty to worry about - no MOT's to mess about with - service included (i think)

If you look at his loan £360 x 60 if he keeps the 335d for 36 months he'll of paid off around 11k for the loan. He then mentions topping it up with another 10k loan which will pretty much put him back to square one with the payments.

So I guess he has to decide if he wants a 3/4 year old 335d or a brand new 1 series / 2 series 40i.

On a side note if I had £1500 disposable every month I'd save a decent deposit for a couple of months and try and reduce the monthly payments slightly and theres usually little difference between a 36/48 month contract but that all depends on the OP's needs.