Getting an M5 at 21 while a student?

[RS250_Steve]

I don't understand the hostility.

He asked for advice and opinions, the consensus was its not a good idea, he may or may not listen to that advice.

No need to be hostile.

Or am I missing something?

[bomma220]

RS250_Steve said:

I don't understand the hostility.

He asked for advice and opinions, the consensus was its not a good idea, he may or may not listen to that advice.

No need to be hostile.

Or am I missing something?

Yes chap, one vital thing. Welcome To PH!

[j4ck100]

bmw535i said:

Of course, but if you look at the OPs previous posts, he tends to mislead. I was just curious how much it would actually be. My suspicions were confirmed. Not sure why people have an issue with it to be honest.

Your suspicions were not confirmed, I think it was Vaud that ran a quote that came back very close to the OP's supposed quote. Why would he lie about the quote that he got? There are far too many variables for you to replicate the OP's quote exactly unless you have intimate knowledge of his personal circumstances, which I am guessing you don't. The main variable here being the fact that adding 2 responsible older named drivers with no convictions and no claims will likely bring the policy price down drastically, and it is entirely legal to do so as long as they are not put as "main drivers". The UK motor insurance market is one of the most competitive in the world, if not the most competitive, the aggregators search over 130 brands/insurers now for quotes, and the fallacy that Insurers rip people off simply isn't true as the combined ratio for the industry is near 100% if not over. Money is made from admin fees e.g. mid term adjustments, cancellation fees, and interest on those who decide to pay monthly.

[anonymous-user]

j4ck100 said:

Your suspicions were not confirmed, I think it was Vaud that ran a quote that came back very close to the OP's supposed quote. Why would he lie about the quote that he got? There are far too many variables for you to replicate the OP's quote exactly unless you have intimate knowledge of his personal circumstances, which I am guessing you don't. The main variable here being the fact that adding 2 responsible older named drivers with no convictions and no claims will likely bring the policy price down drastically, and it is entirely legal to do so as long as they are not put as "main drivers". The UK motor insurance market is one of the most competitive in the world, if not the most competitive, the aggregators search over 130 brands/insurers now for quotes, and the fallacy that Insurers rip people off simply isn't true as the combined ratio for the industry is near 100% if not over. Money is made from admin fees e.g. mid term adjustments, cancellation fees, and interest on those who decide to pay monthly.

So how does Vaud know the OPs circumstances? I just ran a quote on the statements previously made by the OP. I didn't state that my findings were necessarily accurate or reliable. The OP didn't comment on them either. I'm not suggesting Vaud "lied" - not sure where you got that from? I also never suggested the UK insurance industry isn't competitive - nor has anyone else as far as I'm aware.

[Slow]

Just to let you all know, the insurance prices I posted before were real. I have nothing to gain by lying, if they were loads more I simply wouldn't pay that much to insure a M5 so I would of ended the thread.

[thebraketester]

Can we end the thread now seeing as you'll never buy one?

[M3333]

RS250_Steve said:

I don't understand the hostility.

He asked for advice and opinions, the consensus was its not a good idea, he may or may not listen to that advice.

No need to be hostile.

Or am I missing something?

+1

[jhonn]

thebraketester said:

Can we end the thread now seeing as you'll never buy one?

Why the hurry to end the thread? If it's annoying you just don't open it up, there's plenty others to look at.

Besides, I suspect that the OP will buy something, if not an M5 then something else out of the ordinary, and I would be interested to know what he gets and how he gets on with it.

[Vaud]

bmw535i said:

So how does Vaud know the OPs circumstances? I just ran a quote on the statements previously made by the OP. I didn't state that my findings were necessarily accurate or reliable. The OP didn't comment on them either. I'm not suggesting Vaud "lied" - not sure where you got that from? I also never suggested the UK insurance industry isn't competitive - nor has anyone else as far as I'm aware.

I ran the quote (one for me as well as I was curious) based on the OP's details. Clearly we got different quotes which doesn't bother me.

I tried: £15k BMW M5, With a £500 vol excess and middle of nowhere near Inverness, 10k miles per annum, 3 years no claims, unprotected (not possible). Declared as student, SD&P (though the OP may need class 1 business as well), insured on other cars. Car based on drive at home.



My point is that I believe the OP has done his sums. But I still think a 545i or (ultra rare) 550i touring would be 90% of the fun and more sustainable.

[anonymous-user]

Vaud said:

Clearly we got different quotes which doesn't bother me.

nor me. I'm not sure why it bothers other people. A bit weird really.

Going on the OPs other threads, I'm guessing the whole idea might be called off due to the problems with his other cars - the sales of which were to fund the M5

[MarshPhantom]

Vaud said:

I ran the quote (one for me as well as I was curious) based on the OP's details. Clearly we got different quotes which doesn't bother me.

I tried: £15k BMW M5, With a £500 vol excess and middle of nowhere near Inverness, 10k miles per annum, 3 years no claims, unprotected (not possible). Declared as student, SD&P (though the OP may need class 1 business as well), insured on other cars. Car based on drive at home.



My point is that I believe the OP has done his sums. But I still think a 545i or (ultra rare) 550i touring would be 90% of the fun and more sustainable.

Insurance know a student with an M5 won't be driving very far.

[Vaud]

Damn, it's got me searching now.

550i touring.

Seriously rare.

https://www.howmanyleft.co.uk/?utf8=?&q=btw+55...

[Leins]

A fellow PH-er was talking recently about moving on his manual 550i Touring

[chrisb92]

Jesus. I leave this thread for a week and now the OP has added in the need for an estate for some airport runs about a never previously mentioned brother who works in the US. The guy is a serial bullstter, that's why people are getting ticked off with him. Like someone previously said I've never seen a post saying 'I'm 40, IT manager, live with my wife, my dad works on the moon so he gets me free holidays so I don't need to worry about that and I earn 2k a month. Can I afford an Enzo Ferrari???'.

I would go on, but I don't want the PC brigade to cry about a bit of realism.

BTW I'm 23, before people accuse me of being an old man having a dig!!

[Slow]

A brother who works in the us? He's 14, I take him to the airport so he can go and visit our dad...

[j4ck100]

bmw535i said:

So how does Vaud know the OPs circumstances? I just ran a quote on the statements previously made by the OP. I didn't state that my findings were necessarily accurate or reliable. The OP didn't comment on them either. I'm not suggesting Vaud "lied" - not sure where you got that from? I also never suggested the UK insurance industry isn't competitive - nor has anyone else as far as I'm aware.

Was referring to OP's quote, not Vaud's.

[j4ck100]

bmw535i said:

So how does Vaud know the OPs circumstances? I just ran a quote on the statements previously made by the OP. I didn't state that my findings were necessarily accurate or reliable. The OP didn't comment on them either. I'm not suggesting Vaud "lied" - not sure where you got that from? I also never suggested the UK insurance industry isn't competitive - nor has anyone else as far as I'm aware.

Not digging at you for running quotes, that's entirely reasonable, just that there are too many unknowns and you saying that you proved the OP wrong on his insurance quotes is just untrue.

[anonymous-user]

j4ck100 said:

Not digging at you for running quotes, that's entirely reasonable, just that there are too many unknowns and you saying that you proved the OP wrong on his insurance quotes is just untrue.

When did I say I'd proved anyone wrong???? Why are you misquoting me?

[Bradley1500]

j4ck100 said:

bmw535i said:

So how does Vaud know the OPs circumstances? I just ran a quote on the statements previously made by the OP. I didn't state that my findings were necessarily accurate or reliable. The OP didn't comment on them either. I'm not suggesting Vaud "lied" - not sure where you got that from? I also never suggested the UK insurance industry isn't competitive - nor has anyone else as far as I'm aware.

Not digging at you for running quotes, that's entirely reasonable, just that there are too many unknowns and you saying that you proved the OP wrong on his insurance quotes is just untrue.

I've been searching for insurance quotes recently for cars I'm looking to buy, so out of interest checked insurance on an M5 - £885 was the cheapest I found. I'm 21, 2 years NCB and a non-fault accident.

Shame I can't afford to run one otherwise I'd be starting my own 'BMW M5 at 21' thread.

[Theophany]

Bradley1500 said:

j4ck100 said:

bmw535i said:

So how does Vaud know the OPs circumstances? I just ran a quote on the statements previously made by the OP. I didn't state that my findings were necessarily accurate or reliable. The OP didn't comment on them either. I'm not suggesting Vaud "lied" - not sure where you got that from? I also never suggested the UK insurance industry isn't competitive - nor has anyone else as far as I'm aware.

Not digging at you for running quotes, that's entirely reasonable, just that there are too many unknowns and you saying that you proved the OP wrong on his insurance quotes is just untrue.

I've been searching for insurance quotes recently for cars I'm looking to buy, so out of interest checked insurance on an M5 - £885 was the cheapest I found. I'm 21, 2 years NCB and a non-fault accident.

Shame I can't afford to run one otherwise I'd be starting my own 'BMW M5 at 21' thread.

Start one anyway. Seems to be like catnip.