M135i to C63 AMG (hopefully) - PCP FINANCE QUESTION
Discussion
Jim AK said:
anonymous said:
[redacted]
This is a bloody good call & I would have thought your prospective buyers in that area would absolutely love your 'Green credentials Dahhhling'Also just remembered we rent a parking space in Islington to an agent with an i3, we had to organise somewhere for him to plug it in!
(Still think the XJR is where it's at tho
)It's therefore not a work tool, it's my only car. I spend over 3 hrs per day in the car so I want to be happy.
Other people's view of my vehicle is not a consideration (threads discussing which V8 to buy notwithstanding).
I also can't claim back mileage, you either take the company car you are given, or you take the pitiful allowance.
As a C63 owner myself, let me tell you that although you'll never get bored of it, or feel uncomfortable or unhappy sitting in it for prolonged periods, running that engine in mind numbing London traffic for 3hrs per day is going to p155 you off from a fuel standpoint.
On a good run, it's pleasantly economical for its size but town driving, and the fact you find yourself being heavy footed (for noise purposes) for the short distance that you can move at one time in London absolutely drinks fuel faster than it can be refined.
The car is absolutely wonderful, and I can't see that I'll sell mine for a long while but, a city car it's not, and I feel blessed that I can use mine in the wonderful countryside that is on my doorstep where 90% of miles are enjoyable.
Something to think about, especially when you're planning to lock yourself into a finance deal. You'd be better off saving a few £k yourself, then financing the rest via personal loan but, if I read right and you are looking to buy a house, cars should come second and my advice would be to have that out of the way first.
On a good run, it's pleasantly economical for its size but town driving, and the fact you find yourself being heavy footed (for noise purposes) for the short distance that you can move at one time in London absolutely drinks fuel faster than it can be refined.
The car is absolutely wonderful, and I can't see that I'll sell mine for a long while but, a city car it's not, and I feel blessed that I can use mine in the wonderful countryside that is on my doorstep where 90% of miles are enjoyable.
Something to think about, especially when you're planning to lock yourself into a finance deal. You'd be better off saving a few £k yourself, then financing the rest via personal loan but, if I read right and you are looking to buy a house, cars should come second and my advice would be to have that out of the way first.
Edited by 1Addicted on Wednesday 10th February 10:39
DeltaTango said:
I have £3,800 (ish) left until the 'halfway' point, so 10 months (based on 4.9% interest on a £31,500 purchase price - got a smashing discount of course). I might be doing that wrong and therefore delusional.
The purchase price of the car is totally irrelevant, what matters is how much you borrowed from the finance company.E.g. (Totally making up numbers)
- Purchase Price £31,500
- Deposit paid £5,000
- Amount Borrowed £26,500
- Total Interest Owed on the above £4,000
- Various Fees £500
- Total Amount Repayable to the finance company £31,000 (26,500 + 4,000 + 500)
- Amount to be repaid before voluntary termination - £15,500
So if you were repaying say £500pm it would take you 31 months from the start of the agreement before you would be eligible for voluntary termination.
This is my understanding of voluntary termination anyway.
I'm considering making the same move. My car is only something that I use a weekends but needs to have some practical side to it for shopping, breaks away and the odd other duty as decided by the GF (including trips to collect things like mirrors from John Lewis). I love the idea of a big V8 noise for when I want to hoon around on country lanes, but something comfortable and reasonable for long motorway cruises (anything up to 700miles over to the south of france) so I'm not stopping all the time.
I'm not sure the C63 would be good for that latter part, what're they like on a motorway cruise? Also, what is the new version like for the same? I'd prefer the 6.2l but the new one may be an option as the gf would accept that more than a 6+l engine (she's a bit 'eco' at times).
P.S sorry to hijack the thread
I'm not sure the C63 would be good for that latter part, what're they like on a motorway cruise? Also, what is the new version like for the same? I'd prefer the 6.2l but the new one may be an option as the gf would accept that more than a 6+l engine (she's a bit 'eco' at times).
P.S sorry to hijack the thread
1Addicted said:
As a C63 owner myself, let me tell you that although you'll never get bored of it, or feel uncomfortable or unhappy sitting in it for prolonged periods, running that engine in mind numbing London traffic for 3hrs per day is going to p155 you off from a fuel standpoint.
On a good run, it's pleasantly economical for its size but town driving, and the fact you find yourself being heavy footed (for noise purposes) for the short distance that you can move at one time in London absolutely drinks fuel faster than it can be refined.
The car is absolutely wonderful, and I can't see that I'll sell mine for a long while but, a city car it's not, and I feel blessed that I can use mine in the wonderful countryside that is on my doorstep where 90% of miles are enjoyable.
Something to think about, especially when you're planning to lock yourself into a finance deal. You'd be better off saving a few £k yourself, then financing the rest via personal loan but, if I read right and you are looking to buy a house, cars should come second and my advice would be to have that out of the way first.
All constructive. I don't drive around london in traffic, just in and out. I live in the countryside so do get the opportunity to enjoy a car properly. On a good run, it's pleasantly economical for its size but town driving, and the fact you find yourself being heavy footed (for noise purposes) for the short distance that you can move at one time in London absolutely drinks fuel faster than it can be refined.
The car is absolutely wonderful, and I can't see that I'll sell mine for a long while but, a city car it's not, and I feel blessed that I can use mine in the wonderful countryside that is on my doorstep where 90% of miles are enjoyable.
Something to think about, especially when you're planning to lock yourself into a finance deal. You'd be better off saving a few £k yourself, then financing the rest via personal loan but, if I read right and you are looking to buy a house, cars should come second and my advice would be to have that out of the way first.
Edited by 1Addicted on Wednesday 10th February 10:39
And yes, as per my previous post, my thinking is now leaning towards handing car back at this mythical halfway point, buying cheapish stop gap V8 something or other, then work towards a more long term solution.
anonymous said:
[redacted]
It's not something that would worry me. I ran my '94 E320 coupe for a few months and that only got 300 miles from a 70 litre tank, when fuel was 25% more expensive. It never really bothered me, had that warm fuzzy feeling which more than compensated.
Again, sadly, a second car is not an option or this would be a very different thread.
Edited by DeltaTango on Wednesday 10th February 13:22
skahigh said:
DeltaTango said:
I have £3,800 (ish) left until the 'halfway' point, so 10 months (based on 4.9% interest on a £31,500 purchase price - got a smashing discount of course). I might be doing that wrong and therefore delusional.
The purchase price of the car is totally irrelevant, what matters is how much you borrowed from the finance company.E.g. (Totally making up numbers)
- Purchase Price £31,500
- Deposit paid £5,000
- Amount Borrowed £26,500
- Total Interest Owed on the above £4,000
- Various Fees £500
- Total Amount Repayable to the finance company £31,000 (26,500 + 4,000 + 500)
- Amount to be repaid before voluntary termination - £15,500
So if you were repaying say £500pm it would take you 31 months from the start of the agreement before you would be eligible for voluntary termination.
This is my understanding of voluntary termination anyway.
anonymous said:
[redacted]
I don't know what planet you live on, but here, on Earth, there are 4.54 litres in a gallon 
On a slightly more serious note, if my boss tried to dictate what I could and couldn't drive, I'd pretty swiftly be telling him to shove his job up his arse, especially if, with respect, I worked in a plentiful and easily accessible profession.
His objections don't even make sense. Anyone who knows cars will respect a man with a Monaro, those who don't won't know or care whether it's a fire-breathing V8 or a Micra (which, oddly, is the car driven by both the estate agents with whom I have dealt recently).
podpod said:
there no point to this thread until you get the finance information..
this thread sums up why i am going down the lease route for my next daily car... and cash deal on (cheap) wkd toy
As above, I have approx £4k in finance to pay off before 'halfway' handback point. So 10-12 monthly payments. this thread sums up why i am going down the lease route for my next daily car... and cash deal on (cheap) wkd toy
ferrariF50lover said:
anonymous said:
[redacted]
I don't know what planet you live on, but here, on Earth, there are 4.54 litres in a gallon On a slightly more serious note, if my boss tried to dictate what I could and couldn't drive, I'd pretty swiftly be telling him to shove his job up his arse, especially if, with respect, I worked in a plentiful and easily accessible profession.
His objections don't even make sense. Anyone who knows cars will respect a man with a Monaro, those who don't won't know or care whether it's a fire-breathing V8 or a Micra (which, oddly, is the car driven by both the estate agents with whom I have dealt recently).
Most weeks I do 180 work miles, plus say 50-100 personal miles. The rest of my mileage is long distance, travelling to see my best mate up in Lincolnshire and driving to karting events around the country.
Money does of course matter, but I don't mind spending it on fuel for an interesting car. It's the same as eating at a nice restaurant as far as I'm concerned.
I was renting in London for 8 years until recently, temporarily rent free with family until I buy a place, which will conveniently be around the time I can hand my current car back.
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