I don't like BMW 2 or 4 series, I find that they are boring cars to look at. Fox will not like this I assume, because of his clear love of BMW's.
I don't have anything against them, I just find they are bland to look at.
A GT86 could be a decent choice, but I have read they are rather thirsty cars at only 200 bhp. I don't have a problem with a low mpg if the power is there to go with it. Maybe I'm wrong though?
A Z4 was a viable option, but I've read that they have can have various mechanical issues at 30k miles onwards.
I'd love a GT-R but I don't fancy spending over £40k. To be honest I'm shying away from wanting to spend over £35k. The main reason for new is the option for a PCP deal, I think PCP allows for a higher car cost whilst not costing too much per month.
Originally I was not a fan of PCP, but I've looked into it more and it seems that it's actually not that bad a deal. The balloon payment was always my bug at the end, but after working out what a 60 month HP loan costs and what a PCP loan costs the different is not a lot if you work out the PCP payments x 36months and then a PL for the balloon payment over 2 years (so same as the 5 years on HP), mostly due to the higher dealership contribution on the PCP deposit.
I can get a personal loan for 2.9% for £25,000. Total repayment = £26,861.40
Or I can get a PCP agreement for a £30,000-£35,000 car, but then I have to buy new.
For example PCP for £32k with a 2k deposit, and 2k dealership fund, and a 36month repayment and a final balloon for £15,000 works out at £35,326.
The monthly payments on the PL = £447 a month
The monthly payments on the PCP = £451 a month with a balloon payment which if I got a 3 year loan if I wanted to keep the car would be £434 x 36 monthly payments.
So basically a £25k car on a PL = £447 for 60months = £26861.40 total repaid
Or a £32k car on PCP with 2k from me, and 2k from dealer and then a PL for balloon payment = £451 x 36 and £434 x 36, averaging at £442.50 over 72 months. = £33,860 total repaid
The monthly payments and the cost over the car you pay back seems much and such the same now I've worked it all out.