Surely it needs an oil change (aka Minor service) before 30k miles?
Buying a £20,000 car (loan)
- Thread starter DannyW
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Surely it needs an oil change (aka Minor service) before 30k miles?
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It's 18k - although it goes down if you do lots of short journeys.
https://www.bmw-service.co.uk/service_icons
https://www.bmw-service.co.uk/service_icons
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![[TW]Fox](/data/man-of-honor/2009.png){kind=avatar}
Only s small number of BMWs use adblue.
Really? The stuff is cheap as chips!
£1.40 every 1000 miles is really going to stack up if you do 20,000 miles per year. I mean it's going to cost a whole £28!!!
Advantage of buying car outright as in OP
No ridiculously set excess mileage charges or overpaying for minor cosmetic damage. Also since it is a used car, shouldn't be that badly in negative equity as you would if buying a brand new car outright (or PCP with low deposit).
But, you still have to take the effort of selling the car to get the residual value back. There is also a risk that the residual value ends up being worse than you thought it would be (equally could be better).
No ridiculously set excess mileage charges or overpaying for minor cosmetic damage. Also since it is a used car, shouldn't be that badly in negative equity as you would if buying a brand new car outright (or PCP with low deposit).
But, you still have to take the effort of selling the car to get the residual value back. There is also a risk that the residual value ends up being worse than you thought it would be (equally could be better).
So what? Factor it into the calculations. The residual value used in calculating the price of a lease will be trade value too.
[TW]Fox;30352697 said:
Has the OP factored it in? Why do you think I was posting?
No it won't. There is no way you disposing of one car get as good value as a lease company disposing of many cars.
You can even check a lot of lease deals. If all they do is sell the car for stated auction values and buy at prices I can by shopping around, they make little to no money.
Either they have ridiculously good borrowing rates, buy at massive discounts or get better residual values. I suspect it's a combination of all 3, something inaccessible to me getting 1 car.
They are disposed of at auction where they generally make around trade book, sometimes less.
Leasing is, bargain deals aside which are always worth hunting down, the most expensive way to run a car. However it's also fairly convenient.
The firms make plenty of money because to most people the fact leasing costs more overall isn't an issue as long as the monthly payment profile is convenient and affordable.
Lease firms do not order cars at list price but neither do private buyers using brokers, either.
Leasing is, bargain deals aside which are always worth hunting down, the most expensive way to run a car. However it's also fairly convenient.
The firms make plenty of money because to most people the fact leasing costs more overall isn't an issue as long as the monthly payment profile is convenient and affordable.
Lease firms do not order cars at list price but neither do private buyers using brokers, either.
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They would have to get discounts far higher than what brokers can offer. I have no doubt they can when they order multiple cars at a time.
However, I don't think many low mileage 2/3 year old cars (likely still with warranty) end up going to auction. When I look at BCA lists there aren't many.
I bet they get sold straight to dealers like Evan Halshaw, Cargiant or even Manufacturer dealers for better than auction prices. Even webuyanycar offer prices for relatively new vehicles with low mileage which are actually higher than what they would fetch at auction. I believe they go straight to Cargiant.
However, I don't think many low mileage 2/3 year old cars (likely still with warranty) end up going to auction. When I look at BCA lists there aren't many.
I bet they get sold straight to dealers like Evan Halshaw, Cargiant or even Manufacturer dealers for better than auction prices. Even webuyanycar offer prices for relatively new vehicles with low mileage which are actually higher than what they would fetch at auction. I believe they go straight to Cargiant.
Ended up with this. 17,000 miles, £22000. Opted for a 10k loan @ 3%, Plus savings, plus a bit of credit card (28 months @ 0%)
Got it from Motorpoint of all places. After being very disapointed with 2x BMW AUC's.
Got it from Motorpoint of all places. After being very disapointed with 2x BMW AUC's.
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I'd have compromised on the engine for a better spec, those lights are terrible 
Not surprised you were disappointed with AUC cars as 22k is not a strong budget for a 335d so compromise has to come somewhere, be that in spec or condition.
Not surprised you were disappointed with AUC cars as 22k is not a strong budget for a 335d so compromise has to come somewhere, be that in spec or condition.