640d GC Discount

[ChelseaDave]

Agreed, I think it will be replaced soon, probably with an 8 series.

For now, it seems that GT is the way forwards, but what a hideous looking car.

Hence the reason why I'm considering the 6 GC and with around 22k off its a no brainer really.

[msdes123]

ChelseaDave said:

Hi guys

I last posted on this thread 3 years ago when I bought a 640d Gran Coupe M sport and would like to start the thread up again to exchange ideas.

Basically, I am in the market again because after 3 years on my 4 year PCP I can voluntarily terminate owing nothing. My local dealer has quoted me 21k for my car (done 54k miles) and it owes another year of 805pm plus 16k balloon meaning over 25k. So no brainer to return it and go back to the dealer.

So apparently there are offers on atm on a new 6 series of £19k dealer/BMW contribution with 0% finance. This is freely advertised on the BMW website.

Just wondered if anyone else is looking at one of these and what sort of deal they have managed to negotiate. Cheers

Why is it a no brainier to go back to the dealer now? If you took out a Tesco Loan at 3% APR in 12m to pay off the balloon the repayments you will have on that for a couple more years will be lower that the cost of any repayment on a new PCP for a similar new car of the same series and luxury? Sure if you want a change and to get back into a completely new car Ok but if your happy with your current 640d why go back to square one again, that’s what they want you to do and youre just taking the big depreciation hit again on a new car.

I’m in similar position with just into 4th year of a 4 year PCP deal on a M6GCP. Again I’m past the 50% pay off point and could hand back tomorrow. At 48 months I’m told my car will be worth £23k. Now where will you be able to buy a M6GCP for that price in 12m: you won’t be able to. so I’m thinking for the cost of a low APR unsecured loan to pay off the balloon I could still be driving the M6GCP for the same monthly repayments at that point as if I was taking out a new finance deal on a 320d series price range, not a 6 series. Not sure if that all makes sense or if I’ve done my sums right but that’s the way I’m thinking at the moment. Am I wrong?

Hope you make the right decision for you either way.

[ChelseaDave]

Yea I hear what you are saying and might well just stick with the current car.

I guess because there is a 5k negative between what the finance owes and current value, it means its a good time to get out with the voluntary termination if i want. But yes, essentially I would be buying a new version of the same thing so will be starting the finance again.

Ultimately, I think the decision should be based on whether I'm prepared to keep my current car for another 3 years. Then it would be worth it and cheaper over the period, however I'd have to factor in the cost of maintenance bearing in mind I do 20k a year and therefore the car at the end would have 120k on the clock. If I want to change in a year, theres no point and may as well change now.