M135i for £299 a month?

[The_One]

Through work (British gas) I have access to sytners affinity discount scheme and can get a m135i for 47 months for £299

seems too cheap?

anyway how do these work are you tied in for 47 months per say or for example after 2 years can you decide not to rent anymore?

 

[[TW]Fox]

There is probably a deposit on top but even if not its hardly cheap, 14 grand and you are left with nothing at the end.

 

[mjt]

Surely going to the bank, getting a loan and buying the car would be a more cost-effective solution?

 

[loltim]

How much would a new m135i lose in depreciation after 4 years?

 

[dangermouse425]

I certainly wouldn't pay £3500 a year for four years to rent a car that's quite nice.

For that kind of money, I'd much rather buy something with a similar loan and have something to show for it at the end.

 

[PMKeates]

How much would a new m135i lose in depreciation after 4 years?

Depends whether you drive 1 mile or 1,000,000 miles.

 

[loltim]

Depends whether you drive 1 mile or 1,000,000 miles.

ok let's assume average mileage shall we?

 

[pioneer2000]

There is probably a deposit on top but even if not its hardly cheap, 14 grand and you are left with nothing at the end.

Lol, will you always be so anti-new car? It seems the only vehicles you are ever satisfied with are ultra-dull, old,5 door BMW's where you've calculated the most economical trim level down to the penny.

 

[Meridian]

He is just correctly pointing out that private lease schemes are a bad way to buy a car. If you are obsessed with always having a car that it never more than three years old, they are OK, but once in, it is hard to get out without taking it in the shorts. You have to replace the car after three years, even if your personal circumstances have changed for the (far) worse. From an economic standpoint, it makes far more sense to buy the three-year old car that someone else just sold back for less than half of what it cost new.

Of course, the whole point is that new car buyers aren't sensible about it.

 

[Begbie]

That's what £14k?

Bet you could get a very nice 130/135 for that now? Surely?

 

[NickXX]

ok let's assume average mileage shall we?

Assume average mardiness loltim.

 

[[TW]Fox]

Lol, will you always be so anti-new car? It seems the only vehicles you are ever satisfied with are ultra-dull, old,5 door BMW's where you've calculated the most economical trim level down to the penny.

Yup, totally, I always pick the most economical 5 door.

 

[chroniclard]

Or you buy it at the end.
Or you can hand it back and walk away.
Or you can get a loan at the end of it.

 

[[TW]Fox]

Or you buy it at the end.
Or you can hand it back and walk away.
Or you can get a loan at the end of it.

Depends on the type of agreement, if it's a lease you generally cannot buy the car at the end.

 

[chroniclard]

Yeah, appears it might be personal contract hire.

 

[EdGey]

If you end up with nothing at the end, it's a massive waste of money...

 

[silversurfer]

Do it for a few months then hand it back. Go buy something boring

 

[[TW]Fox]

Do it for a few months then hand it back. Go buy something boring

You can't do that.

 

[Spamalot]

I ordered mine last December.

10k miles.

Auto
3 door
Metalic paint
Visibility pack
Business nav

£301 per month, 23 + 6 months.

Only really got it because it was 'cheap' but really love it. It's a great car in almost every way. It's also very subtle.

 

[loltim]

Assume average mardiness loltim.

Your mum was average last night champ.