Does 5GT need Variable Damper Control? Yes, I like the 5GT.
- Thread starter Del Lardo
- Start date
![[TW]Fox](/data/man-of-honor/2009.png){kind=avatar}
I believe that some of those features are crippled in the uk due to legislation about the engine running when your not in the car. Could be wrong 
Mine (120d March 14) only ventilates remotely (ie just turns on the fans), I did it a few times in the summer but doesn't really seem of much use.
Mine (120d March 14) only ventilates remotely (ie just turns on the fans), I did it a few times in the summer but doesn't really seem of much use.
I believe that some of those features are crippled in the uk due to legislation about the engine running when your not in the car. Could be wrong
Mine (120d March 14) only ventilates remotely (ie just turns on the fans), I did it a few times in the summer but doesn't really seem of much use.
The remote heat never ran the engine, bmw models with it fitted has a Webasto auxiliary heater.
The advert it probably had something along the lines of "subject to terms and conditions"... This is where you would find the qualifying criteria... Did you look at these T&Cs before becoming butthurt about not qualifying for it?
The advert it probably had something along the lines of "subject to terms and conditions"... This is where you would find the qualifying criteria... Did you look at these T&Cs before becoming butthurt about not qualifying for it?
No it didn't. It was listed in Optional Equipment as something along the lines of
- £750 Dealer deposit contribution
There were no T&Cs stated there. Believe it or not I am literate and capable of reading an advert properly
[TW]Fox;29125002 said:That's something the dealer themselves have chosen to add so I can understand your frustration
I think you mean my butthurt
Very different experience today. Told me clearly there was no negotiation on the price when he told me the price over the phone and when in the dealership made no effort to sell me a finance package with a car attached once I told him my bank was offering 3.2% APR.
Despite no negotiation on the base price he was willing to do a few things to help make the deal work for me so I've bought a 535d GT. I'll post details once I've collected it but it's newer, lower mileage and higher spec and thanks to the joys of PCP future value it's not costing much more despite the higher 'purchase' price.
Sounds like you've been blinded with PCP mystery science, at least now we know how they manage to shift cars at high prices Of course increasing the GFV reduces the monthly payment but thats surely because they are moving cash between the monthly and the final payment without changing the overall value of the deal?
I'm amazed they were unable to do anything with the base price - perhaps because he'd already worked out he could get you to sign without the need to do so....
Of course increasing the GFV reduces the monthly payment but thats surely because they are moving cash between the monthly and the final payment without changing the overall value of the deal?I'm amazed they were unable to do anything with the base price - perhaps because he'd already worked out he could get you to sign without the need to do so....
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[TW]Fox;29125360 said:Sounds like you've been blinded with PCP mystery science, at least now we know how they manage to shift cars at high prices
I'm amazed they were unable to do anything with the base price - perhaps because he'd already worked out he could get you to sign without the need to do so....
Compared to what else was on the AUC site it was already competitively priced, higher spec, lower mileage and newer than cars priced the same or higher. The base price is less relevant when you can do other things to reduce the cost of the car.
Are you reducing the overall cost of the car though or just reducing the monthly cost at the expense of the final payment, meaning the overall deal value remains the same?
If the total payable is reduced, then fair enough, but you need to be careful that they don't just move the figures around to make them look more appealing whilst in reality all you are doing is obtaining a lower monthly cost, making it look cheaper, at the expense of a higher GFV - a higher GFV isn't appealing to you because it simply erodes your equity at the end of the deal.
The real value of this car won't change irrespective of what they do to the GFV - GFV's are typically set low to give you equity in the car at the end and to protect the finance house. The higher they set the GFV to reduce your monthly payment the less equity you have at the end. The car belongs to them, it's their asset not yours, hence a big GFV doesn't work in your favour as it means it costs you more to buy it at the end (or gets you less when you trade in).
Even if you never intended to pay the final payment and wanted to simply walk away you still end up worse off with a better GFV, if that makes sense..
My understanding is that there are no 'joys of PCP future value' to anyone but the salesman and finance company unless there is some sort of epic market crash a-la 2008
There is one number that matters here - 'Total amount payable'.
If the total payable is reduced, then fair enough, but you need to be careful that they don't just move the figures around to make them look more appealing whilst in reality all you are doing is obtaining a lower monthly cost, making it look cheaper, at the expense of a higher GFV - a higher GFV isn't appealing to you because it simply erodes your equity at the end of the deal.
The real value of this car won't change irrespective of what they do to the GFV - GFV's are typically set low to give you equity in the car at the end and to protect the finance house. The higher they set the GFV to reduce your monthly payment the less equity you have at the end. The car belongs to them, it's their asset not yours, hence a big GFV doesn't work in your favour as it means it costs you more to buy it at the end (or gets you less when you trade in).
Even if you never intended to pay the final payment and wanted to simply walk away you still end up worse off with a better GFV, if that makes sense..
My understanding is that there are no 'joys of PCP future value' to anyone but the salesman and finance company unless there is some sort of epic market crash a-la 2008
There is one number that matters here - 'Total amount payable'.
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If this is the case then thats good and it must mean any reduction in the monthly payment is a reduction in the overall cost (Unless the term has increased).
Just make sure you are fully aware of what they've changed to reduce the monthly cost, thats all. Be smart
[TW]Fox;29127196 said:Are you reducing the overall cost of the car though or just reducing the monthly cost at the expense of the final payment, meaning the overall deal value remains the same?
If the total payable is reduced, then fair enough, but you need to be careful that they don't just move the figures around to make them look more appealing whilst in reality all you are doing is obtaining a lower monthly cost, making it look cheaper, at the expense of a higher GFV - a higher GFV isn't appealing to you because it simply erodes your equity at the end of the deal.
The real value of this car won't change irrespective of what they do to the GFV - GFV's are typically set low to give you equity in the car at the end and to protect the finance house. The higher they set the GFV to reduce your monthly payment the less equity you have at the end. The car belongs to them, it's their asset not yours, hence a big GFV doesn't work in your favour as it means it costs you more to buy it at the end (or gets you less when you trade in).
Even if you never intended to pay the final payment and wanted to simply walk away you still end up worse off with a better GFV, if that makes sense..
My understanding is that there are no 'joys of PCP future value' to anyone but the salesman and finance company unless there is some sort of epic market crash a-la 2008
There is one number that matters here - 'Total amount payable'.
Simply as I don't have time to go into the numbers now, spending £1000 extra to get a newer car (ignoring the extra spec for the moment) gets me a guaranteed future value £1800 higher so £800 less depreciation or 'cost' over the 3 year ownership period. Now what I actually sell/part ex the car for is an unknown but as an indication it's what I had to work with.
[TW]Fox;29127271 said:If this is the case then thats good and it must mean any reduction in the monthly payment is a reduction in the overall cost (Unless the term has increased).
Just make sure you are fully aware of what they've changed to reduce the monthly cost, thats all. Be smart
They did nothing to adjust any costs. I did all the finance myself on my banks website so I was able to play around with different cars and deposits to my hearts content to get me something I was happy with.
If I had been relying on dealer finance I would never have bought the car as monthly cost would have been 30-35% higher
So I'll be borrowing this for the next 3 years.
Options are:
20" 303 M alloy wheels
Enhanced bluetooth
Anthracite wood trim
Head Up Display
BMW Advanced loud speaker
Multi function instrument panel
Reverse assist camera
Speed limit display
Sun protection glass.
RRP new £58 000. "Purchase" price at 11 months old £33 000
Options reflect the insanity of the UK buyer, £1100 on alloy wheels and £995 on a HUD but not £345 on comfort seats, £985 on VDC or £775 on Nappa leather.
Still I'm happy with the spec and whilst I'd never pay for it I must admit that the HUD is far more useful that I thought it would be and I'm now calling myself Maverick and playing the Top Gun soundtrack loudly in the car
Very nice car, I'm extremely jealous!
The depreciation isn't that mental. Whilst the RRP is £58k with the options the 535D can be ordered new from a main dealer for £40,464 with no options or £44,871 with the options listed.
Given adding on options rarely results in getting money back you are basically talking about a £41k car going for £33k after 11 months.
I like!
Mental depreciation on these, 6 and 7 series' though.
The depreciation isn't that mental. Whilst the RRP is £58k with the options the 535D can be ordered new from a main dealer for £40,464 with no options or £44,871 with the options listed.
Given adding on options rarely results in getting money back you are basically talking about a £41k car going for £33k after 11 months.
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