Got an M240i Quote - opinions?

[Joratk]

Called into my local BMW garage for a quote on a used M235i, but was persuaded to look toward an M240i which I happily obliged.

The quote was

£5k deposit (+£1500 from BMW) so total £6500
£436 p/m
48 months PCP
15k miles p/a
£13,386 balloon

The list price after options was around £39,700.

What's your opinions on this quote? Could I do better? Should I go lease? Should I stick to my original plan and go for an M235i?

[ashleyman]

What's the list price?
Whats the APR?

Are you using a broker or TRL?

[EV11NED]

Sounds very expensive compared to what my local dealer is offering; £389 deposit and £389/month on a 4 year PCP. Admittedly only 8k miles per annum though.

[ladderino]

List price seems high - spec one up through Coast2Coast and you're probably looking at sub £35K.

[cptsideways]

25k to hand it back in 4 years

[Joratk]

Cash price inc/VAT was £36,995.00 before options
APR was 3.9%.

£389 would be more what I was looking toward... I was hoping to get car + insurance for £500 p/m all in

[Joratk]

Specced one up on Coast2Coast with the same options plus a couple extra and it came to £32,350, over £7k better than what my dealer offered...

[ashleyman]

Joratk said:

Specced one up on Coast2Coast with the same options plus a couple extra and it came to £32,350, over £7k better than what my dealer offered...

I'd be going with the Coast2Coast deal mate! Or at least print it off/email it to your dealer salesman and see if he can match it.

[Joratk]

ashleyman said:

I'd be going with the Coast2Coast deal mate! Or at least print it off/email it to your dealer salesman and see if he can match it.

Think that's what I will be doing. Sent away through Coast2Coast for a quote from one of their dealers, so I'll see what they get back to me with.

[Liamst]

For reference TRL (bmw dealer that most on here will praise) is offering
£750 deposit and £349pm x47

Auto is +£12pm
But can be lost in bigger deposit etc.
Even we'll specced wouldn't be as expensive as your original quote.

[smashy]

Liamst said:

For reference TRL (bmw dealer that most on here will praise) is offering
£750 deposit and £349pm x47

Auto is +£12pm
But can be lost in bigger deposit etc.
Even we'll specced wouldn't be as expensive as your original quote.

How many miles on that deal buddy? Cheers

[Crombers]

I'm shopping for an M240i Convertible for the missus and have an 18.8% (£8742) discount on the table. Another few conversations still to have but feels like a reasonable amount.

[Liamst]

smashy said:

Liamst said:

For reference TRL (bmw dealer that most on here will praise) is offering
£750 deposit and £349pm x47

Auto is +£12pm
But can be lost in bigger deposit etc.
Even we'll specced wouldn't be as expensive as your original quote.

How many miles on that deal buddy? Cheers

I believe thats 8k p.a but even raising that to 15k would still be far below your original quote.

I dont know for certain but there is a lot of discussion online of people calling BMW and increasing their PCP mileage for no additional cost.

[JNW1]

Liamst said:

I dont know for certain but there is a lot of discussion online of people calling BMW and increasing their PCP mileage for no additional cost.

Perhaps not surprisingly I believe BMW Financial Services ceased to offer that option towards the end of last year!

[Davel]

Bought a pre-reg in November with 4 miles so supposedly heavily discounted.

Priced at £30,987

£1,408 deposit and £395.77 per month over 48 months over 48 months. R/V £15,313.36

Used BMW Finance @ 4.9% - 8,000 miles per annum

Edited by Davel on Wednesday 18th January 15:14

[LocoBlade]

Have a look here, the aforementioned TRL (Tony) at Berry Heathrow's PCP prices for this quarter.
http://babybmw.net/viewtopic.php?f=80&t=82618

To give you an idea my M240 that's due in March was £41500 list and I'm paying just under £33,400 for it, so ~£8k discount. Can't give you exact PCP figures on that as I'm not going down that route but according to pcpcal.co.uk it would be around £380 month over 48 months with £5k deposit using your GFV, although mine has £2k more options so would probably have a slightly higher GFV and so drop the monthly a bit further.

Edited by LocoBlade on Wednesday 18th January 21:53

[Joratk]

I've been offered a new M240i now for £3k deposit, £390 p/m with 12k miles p/a.

However, also been offered a '14 M235i (test drove it today) with 20k miles on the clock for £3k deposit and £360 p/m with 12k miles p/a.

If I could get the M235i down to £350 then I think I would go with it...

Opinions?

[LocoBlade]

Why would you go for the near 3 year old car for only £30-40 a month less, unless that buys it outright does it? By the time you factor in the cost of MOTs, part worn consumables like tyres and brakes that will need replacing sooner and only a year's warranty before you need to buy it or pay for any repairs, it would probably cost you just as much if not more than the new one.

[hornetrider]

35i 'deal' is no deal.

[Crombers]

Joratk said:

I've been offered a new M240i now for £3k deposit, £390 p/m with 12k miles p/a.

However, also been offered a '14 M235i (test drove it today) with 20k miles on the clock for £3k deposit and £360 p/m with 12k miles p/a.

If I could get the M235i down to £350 then I think I would go with it...

Opinions?

What options have you added? I'd expect the payments to be nearer £350 with minimal spec, have you ticked a few boxes?