X3 2.0d M Sport Lease / PCP
Discussion
Do you guys think that a PCP deal over 3 year can actually be cheaper than buying for cash from a dealer?
I'm looking for an X3 just now, and had a reasonable quote from the dealer on PCP (8% off) but think that getting a cash loan from the likes of Halifax car loans would work out far cheaper.
The loan is at 3.9% on £25,000 over 3 years. I pay the other £15 to 20k (depending on spec) in cash (from the sale of my current car) and "own" it outright.
After 3 or 4 years I sell it privately and get far more than the PCP projected future value and put that down as the deposit on the next car.
It has to be cheaper than the PCP deal would be, right?
I'm looking for an X3 just now, and had a reasonable quote from the dealer on PCP (8% off) but think that getting a cash loan from the likes of Halifax car loans would work out far cheaper.
The loan is at 3.9% on £25,000 over 3 years. I pay the other £15 to 20k (depending on spec) in cash (from the sale of my current car) and "own" it outright.
After 3 or 4 years I sell it privately and get far more than the PCP projected future value and put that down as the deposit on the next car.
It has to be cheaper than the PCP deal would be, right?
PCP is always going to be the most expensive, unless the manufacturer is giving a finance contribution that outweighs the interest of course, than it is using cash or even using a low rate loan from a bank.
Contract Hire is the one that usually the one that works out cheaper.
My X3 listed for around £42,000 new, at almost 3 years old with 47k miles I am being bid £19-21k on it.
In 3 years time a new one will be an old one, the new X3 is out late 2016 early 2017, so consider that.
If it were me, I would buy a year old one for around £30k and loose £10k over the next 18-24 months, but a new one, even with 10% off and you will loose £15-20,000 over the next couple of years.
Contract Hire is the one that usually the one that works out cheaper.
My X3 listed for around £42,000 new, at almost 3 years old with 47k miles I am being bid £19-21k on it.
In 3 years time a new one will be an old one, the new X3 is out late 2016 early 2017, so consider that.
If it were me, I would buy a year old one for around £30k and loose £10k over the next 18-24 months, but a new one, even with 10% off and you will loose £15-20,000 over the next couple of years.
Funnily enough, I just looked at a finance deal for my brother on my X3, a very well specced Jab 13 plate.
Media Prof
Dab
Heated front and rear Sports oyster leather
Pano roof
Adaptive xenons
Extended bluetooth
19" Sport alloys
And all the other toys that you expect.
He was quoted the following..
£21000
£2000 deposit
48 x £248
Final payment £10000
Sort of made me think twice about swapping it, to me a 2013 car still seems new, it has been faultless, so think I am going to just keep it.
Straight repayment over 60 months was only £340, which actually seems even more tempting.
I have been doing the rounds looking fro a replacement over the last month, nothing out there I would swap it for apart from a Range Rover, but that is £70k for a 2 year old one so not going to happen.
Media Prof
Dab
Heated front and rear Sports oyster leather
Pano roof
Adaptive xenons
Extended bluetooth
19" Sport alloys
And all the other toys that you expect.
He was quoted the following..
£21000
£2000 deposit
48 x £248
Final payment £10000
Sort of made me think twice about swapping it, to me a 2013 car still seems new, it has been faultless, so think I am going to just keep it.
Straight repayment over 60 months was only £340, which actually seems even more tempting.
I have been doing the rounds looking fro a replacement over the last month, nothing out there I would swap it for apart from a Range Rover, but that is £70k for a 2 year old one so not going to happen.
At 4.9% apr that works out at £730 a month with £5700 down.
As nice as the XD3 is, and the X3 for that matter, the RRS is on a whole different level.
But the problem with the X3 is it is a £30k car I guess, sure add a bigger engine and it become a £50k car, but it is still basically a £30k car, where as a RRS is a £60k car, so not a fair comparison, and someone who want a sub 5 second SUV would have to buy the 4.0 Supercharged which is £84k, and you won't get one of them for £650 a month!
As nice as the XD3 is, and the X3 for that matter, the RRS is on a whole different level.
But the problem with the X3 is it is a £30k car I guess, sure add a bigger engine and it become a £50k car, but it is still basically a £30k car, where as a RRS is a £60k car, so not a fair comparison, and someone who want a sub 5 second SUV would have to buy the 4.0 Supercharged which is £84k, and you won't get one of them for £650 a month!
That was on a Contract Hire, the quote I got on a year old one with 12k miles was silly good, but I didn't bite quick enough and the car went the next day by the time I had the figures back.
But that was £42k new, £2000 down and then £473 over 36 months with £28k balloon.
I didn't realise what a good price the car was at the time, and should have pushed them to get the figures back quicker.
Winter premiums have them all at £50k again now.
But that was £42k new, £2000 down and then £473 over 36 months with £28k balloon.
I didn't realise what a good price the car was at the time, and should have pushed them to get the figures back quicker.
Winter premiums have them all at £50k again now.
gizlaroc said:
...a RRS is a £60k car......
That's where I disagree - I found the interior to be lower quality than I expected. Just take the cubby next to the gear lever for example - sharp edged plastic moulding without the flashing removed, the feel of the sliding lid was jerky and awkward, the finish seemed thin. Then there's the nav - slow and clunky etc. To drive, it felt heavy and numb. I wasn't convinced at all and felt it was trying too hard.I make no secret that I'm an X3 advocate, but I've always wanted a Range Rover ever since I drove one as a teenager in the 70s. However IMHO the RRS just isn't built right for the price. I haven't tried a FFRR so there's still a chance
the majority of buyers must be completely oblivious to the new model ever arriving (generally speaking) because some car makers manage to get list right up until the model is 'old'.
I agree with the chap above-buy a 1 y/old one given impending new model arrival-unless you just don't care about losing another 10k
I agree with the chap above-buy a 1 y/old one given impending new model arrival-unless you just don't care about losing another 10k
Burwood said:
the majority of buyers must be completely oblivious to the new model ever arriving (generally speaking) because some car makers manage to get list right up until the model is 'old'.
I agree with the chap above-buy a 1 y/old one given impending new model arrival-unless you just don't care about losing another 10k
Here's my thoughts (I want a 3 litre SE):I agree with the chap above-buy a 1 y/old one given impending new model arrival-unless you just don't care about losing another 10k
I'm not oblivious to the new model but prefer to buy at the end of the old model cycle because I believe faults will have been ironed out by now. Buy the new G01 at its release and you'll be buying into the initial problems.
I expect (and here I'm guessing) that the main advantages of the new model will be infotainment and interior. Well, I am happy with both on the F25. So what will the new model really bring to the party? I'm happy to be corrected on this one, to be fair!
BMW will not be getting "list" from me.....a 3 litre can be had for £5k discount from the likes of Carfile.
Finally, according to Auto Trader, 1 year old models with 5-10k miles cost £35 - 38k. Why not buy new for the same sum, with the colour and options that I want? For example, I want VDC but you rarely see it on used cars.
Ranger 6 said:
That's where I disagree - I found the interior to be lower quality than I expected. Just take the cubby next to the gear lever for example - sharp edged plastic moulding without the flashing removed, the feel of the sliding lid was jerky and awkward, the finish seemed thin. Then there's the nav - slow and clunky etc. To drive, it felt heavy and numb. I wasn't convinced at all and felt it was trying too hard.
I make no secret that I'm an X3 advocate, but I've always wanted a Range Rover ever since I drove one as a teenager in the 70s. However IMHO the RRS just isn't built right for the price. I haven't tried a FFRR so there's still a chance
The interior on the X3 is far from great imho, not bad, but not great compared to others, the RRS is on another level compared with it. I make no secret that I'm an X3 advocate, but I've always wanted a Range Rover ever since I drove one as a teenager in the 70s. However IMHO the RRS just isn't built right for the price. I haven't tried a FFRR so there's still a chance
Infotainment was poor I agree, but just been updated and much better.
Drive, it is a much bigger, heavier car, it is not trying to be dynamic in the same way the BMW is, and to me it gets it pretty much bang on.
Brave Fart said:
Burwood said:
the majority of buyers must be completely oblivious to the new model ever arriving (generally speaking) because some car makers manage to get list right up until the model is 'old'.
I agree with the chap above-buy a 1 y/old one given impending new model arrival-unless you just don't care about losing another 10k
Here's my thoughts (I want a 3 litre SE):I agree with the chap above-buy a 1 y/old one given impending new model arrival-unless you just don't care about losing another 10k
I'm not oblivious to the new model but prefer to buy at the end of the old model cycle because I believe faults will have been ironed out by now. Buy the new G01 at its release and you'll be buying into the initial problems.
I expect (and here I'm guessing) that the main advantages of the new model will be infotainment and interior. Well, I am happy with both on the F25. So what will the new model really bring to the party? I'm happy to be corrected on this one, to be fair!
BMW will not be getting "list" from me.....a 3 litre can be had for £5k discount from the likes of Carfile.
Finally, according to Auto Trader, 1 year old models with 5-10k miles cost £35 - 38k. Why not buy new for the same sum, with the colour and options that I want? For example, I want VDC but you rarely see it on used cars.
Burwood said:
You kind of beat me to it. I agree. The changes will be small. Rear lights and tech. The sort of tech you don't need like hand gestures. Look at the new 7 series. I don't consider it any different to the last. I like the x3 for my wife's car because it's smart and compact.
It is not as much of a problem if you keep your car for 5, 6, 7 years etc., but I only keep mine 2-3 years, and buying one just as the model changes is killer depreciation wise. Plus, will it be £35k?
I would say these are the essential options...
Vehicle BMW X3 Estate diesel ESTATE xDrive30d SE 5dr Step Auto
Factory Options
Enhanced bluetooth telephone functionality with USB audio interface + voice control when chosen with Professional media pack
Auto dimming and folding door mirrors
Front sports seats
Media pack - Professional plus - X3
Visibility pack - X3
19" light alloy wheels - Double spoke style 309
ON THE ROAD PRICE £39,637.82
TOTAL SAVING
£5,537.19
You know in 3 years that will have lost £20-25,000.
Also, I haggled with one from stock, it was £29950 and we agreed on £26500, so you can find a 12 month old one and get a good price.
Not knocking buying new at all, but do consider the values when the new one arrives.
Also, the one area BMW are falling seriously behind at the moment is interior imho, when you look at the Macan and the Merc GLC they are feeling like they need a bit of an upgrade, which I am sure the new model will bring.
gizlaroc said:
ON THE ROAD PRICE £39,637.82
TOTAL SAVING
£5,537.19
You know in 3 years that will have lost £20-25,000.
Gulp! And here's me gutted about losing a few £K on the missus Tiguan due to the emissions issue!TOTAL SAVING
£5,537.19
You know in 3 years that will have lost £20-25,000.
Anyway, you could surely lease one for 3yrs for less than £20K, and definitely for less for £25K?
gizlaroc said:
Burwood said:
You kind of beat me to it. I agree. The changes will be small. Rear lights and tech. The sort of tech you don't need like hand gestures. Look at the new 7 series. I don't consider it any different to the last. I like the x3 for my wife's car because it's smart and compact.
It is not as much of a problem if you keep your car for 5, 6, 7 years etc., but I only keep mine 2-3 years, and buying one just as the model changes is killer depreciation wise. Plus, will it be £35k?
I would say these are the essential options...
Vehicle BMW X3 Estate diesel ESTATE xDrive30d SE 5dr Step Auto
Factory Options
Enhanced bluetooth telephone functionality with USB audio interface + voice control when chosen with Professional media pack
Auto dimming and folding door mirrors
Front sports seats
Media pack - Professional plus - X3
Visibility pack - X3
19" light alloy wheels - Double spoke style 309
ON THE ROAD PRICE £39,637.82
TOTAL SAVING
£5,537.19
You know in 3 years that will have lost £20-25,000.
Also, I haggled with one from stock, it was £29950 and we agreed on £26500, so you can find a 12 month old one and get a good price.
Not knocking buying new at all, but do consider the values when the new one arrives.
Also, the one area BMW are falling seriously behind at the moment is interior imho, when you look at the Macan and the Merc GLC they are feeling like they need a bit of an upgrade, which I am sure the new model will bring.
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