Which 4 Series Should I Go For?
Discussion
gizlaroc said:
Actually, just go 440i, the extra discount and far better residuals make it much cheaper than the 330i or the 320i....
What website is that? The trouble is I am looking to lease so only showing the key details below is what I have been offered. As you can see the retail value of the 420i is £35,405 resulting in monthly payments of £361.45. Retail value of 440i is £43,660 resulting in monthly payments of £564.67 per month.
I'm not sure how to say this and I doubt if it is even possible (plus I guess the leasing company need to make some margin!) but if there was some way I could have the leasing company source the car for that retail price with the discount and this was reflected as a monthly cost around £360 I would jump at it in a heartbeat!
BMW
4 SERIES GRAN COUPE
420i M Sport 5dr Auto [Professional Media] [2016.25]
24 months
£361.45 per month (inc VAT)
New - retail value £35,405
Options
Metallic paint £6.25 per month
Sports function on gearbox with steering wheel mounted gearshift paddles £3.80 per month
BMW
4 Series Coupe
435i M Sport 2dr Auto [Professional Media] [2016.25]
£564.67 per month (inc VAT)
New - retail value £43,660
Sports function on gearbox with steering wheel mounted gearshift paddles £3.80 per month
gizlaroc said:
If it is being leased is it a company car?
It may be better to negotiate a pay increase, include fuel as well in the increase.
BIK tax will be quite high on those due to list prices, so factor that in too. What you loose out on in income tax you will probably save on BIK tax anyway.
Do the maths carefully.
No it is a personal lease. Work will (if it happens) offer a company car (they have a contract with Honda) or car allowance, I will opt for car allowance of course! It may be better to negotiate a pay increase, include fuel as well in the increase.
BIK tax will be quite high on those due to list prices, so factor that in too. What you loose out on in income tax you will probably save on BIK tax anyway.
Do the maths carefully.
qwerty88 said:
bigfish said:
Gordon @ coast2coast is easy to deal with. Can you share the PCP details, ie purchase price, monthlies and the all important residual value built into the deal. Agree the 440i may work out similar money but will be intersting to see
Will do."Dear Customers, We would like to apologise for the delay in you not being contacted by any of our BMW / Mini dealers since you made your online enquiry.
The reason behind this is due to BMW dealership contractural issues between themselves BMW UK. The dealers are unable to deal with any enquiry / order where the dealership has to pay us a commission.
Until this issue arose we had always worked on a 1% basis. ie: & for example we would be given 12% from the dealer & we would give you the customer 11% & retain the 1% as our commission
In the discussions directly with BMW UK we can no longer trade in this manner & the only way forward is to charge you the customer an administration fee.
On all your enquiries we have now increased the discount on your quotation by 1% & should you decide to order the car you will need to pay Coast 2 Coast Cars an admin fee of £300 + Vat. This is fully refundable should you not progress your order to delivery.
We are awaiting full confirmation from BMW UK that this is acceptable & hope that you will be contacted by one of our BMW dealers shortly. Early indications seem very favourable
Please do let me know if you have any other questions."
bigfish said:
I had that mail too, all been resolved I was told, so hopefully you can get some numbers
Coast to Coast / BMW worked out more expensive for me unfortunately.Edited by bigfish on Sunday 28th February 09:19
I'm probably going to wait it out, until I find a deal that really jumps out at me. Back in January I was offered a 430d GC for £380/£390 per month on a 9+23, 20k p/a. I procrastinated too long and missed the boat on that one! Wish I'd taken that up, if I could get that now I'd take it in an instant!
Full details are below, I got this email from Whitewater on 25.01.16. Problem was back then I didn't know what I know now. I had only just started looking and didn't appreciate how good a deal it was. I've contacted them again since and they've advised that the support / discount that was on them is no longer sadly.
"We are currently offering the new BMW 430d M Sport Gran coupe step auto for £385.99 INC VAT on a 20,000 miles per annum Personal contract with a £3,473.93 INC VAT initial payment in the Alpine white, however all orders will need to be credit cleared and placed before the 29th of January to price protect the deal (allow 2 working days for credit approval)."
"We are currently offering the new BMW 430d M Sport Gran coupe step auto for £385.99 INC VAT on a 20,000 miles per annum Personal contract with a £3,473.93 INC VAT initial payment in the Alpine white, however all orders will need to be credit cleared and placed before the 29th of January to price protect the deal (allow 2 working days for credit approval)."
Right, need some advice. I need to justify to myself I am making the right choice here and need some help in doing so.
Best lease deal for 420i M Sport 2dr Auto, 9+23, 20k p/a, inc VAT:
Initial Rental: £3,409.56
Monthly Rental: £378.84
Admin Fee: £180.00
Total Payable: £12,302.88
Best lease deal for 430d M Sport 2dr Auto, 9+23, 20k p/a, inc VAT:
Initial Rental: £4,013.06
Monthly Rental: £445.90
Admin Fee: £0.00
Total Payable: £14,268.76
According to www.contracthireandleasing.com the fuel costs are as follows for 1 year:
420i M Sport 2dr Auto: £1,993.21
430d M Sport 2dr Auto: £1,672.96
According to www.honestjohn.co.uk the real (average) MPG's are as follows:
420i M Sport 2dr Auto: 39.7 mpg
430d M Sport 2dr Auto: 43.4 mpg
I don't know the proper way of calculating MPG's but surely there must be more of a difference? I was kind of hoping that the difference in fuel costs alone over the two years would make up for the difference in car costs over the same period. I now see this was a a flawed idea!
I will probably pull the trigger on the 430d tomorrow and although I effectively put away £1k a month into savings, i am very frugal with money and am trying to tell myself the 430d is the right choice!! Aside from the fact, it is 6 cylinders, much better performance, better standard spec etc.
Best lease deal for 420i M Sport 2dr Auto, 9+23, 20k p/a, inc VAT:
Initial Rental: £3,409.56
Monthly Rental: £378.84
Admin Fee: £180.00
Total Payable: £12,302.88
Best lease deal for 430d M Sport 2dr Auto, 9+23, 20k p/a, inc VAT:
Initial Rental: £4,013.06
Monthly Rental: £445.90
Admin Fee: £0.00
Total Payable: £14,268.76
According to www.contracthireandleasing.com the fuel costs are as follows for 1 year:
420i M Sport 2dr Auto: £1,993.21
430d M Sport 2dr Auto: £1,672.96
According to www.honestjohn.co.uk the real (average) MPG's are as follows:
420i M Sport 2dr Auto: 39.7 mpg
430d M Sport 2dr Auto: 43.4 mpg
I don't know the proper way of calculating MPG's but surely there must be more of a difference? I was kind of hoping that the difference in fuel costs alone over the two years would make up for the difference in car costs over the same period. I now see this was a a flawed idea!
I will probably pull the trigger on the 430d tomorrow and although I effectively put away £1k a month into savings, i am very frugal with money and am trying to tell myself the 430d is the right choice!! Aside from the fact, it is 6 cylinders, much better performance, better standard spec etc.
silent ninja said:
£14k spend over 2 years is a pretty insane amount for a 4 series in my opinion.
Have you pushed on the PCP front? With potential £8k off list, then 5% APR you will probably get it within budget. The problem may be your mileage requirements, but if you want to keep the car then you could request low mileage and have more reasonable monthly costs then settle/re-finance the balloon later.
The main issue is that you want 20k miles pa. Leasing just doesn't work for medium to high mileage desirable cars. I can see your predicament but it's a hell of a lot to spend on a car you won't own and only have the pleasure of driving for 2 years (not very long in reality).
In my case, I actually do 2500-3000 miles per month which is around 30k a year. So i'm keeping a basic Japanese mile muncher for commuting, and my 4 GC with 10k miles for everything else and family trips. Even factoring in the insurance, servicing and road tax costs, this is cheaper than getting high mileage on a lease plus I have the back-up of two cars.
This probably doesn't help, but just a few things to consider before you pull the trigger. Just make sure it's what you really want. Also remember, even if a car is 2 years old and on it's final year of warranty, you can buy warranty at around £40-50 a month from BMW. A 2 year old coupe should be attractively priced in comparison and you'd own the car for as many miles as you want. You can PCP a nearly new used car, and really push them on the APR to make it attractive (I got 7% on an offer without pushing too hard).
example, 420i Xdrive M Sport, sub 10k miles only and £23k: http://usedcars.bmw.co.uk/4-Series/2.0-184bhp-420i...
Appreciate the response, this is why I posted this! I hear what you're saying, and I have thought about getting this as a 2nd car but part of the reason why I want this car is to make my daily commute more comfortable / enjoyable.Have you pushed on the PCP front? With potential £8k off list, then 5% APR you will probably get it within budget. The problem may be your mileage requirements, but if you want to keep the car then you could request low mileage and have more reasonable monthly costs then settle/re-finance the balloon later.
The main issue is that you want 20k miles pa. Leasing just doesn't work for medium to high mileage desirable cars. I can see your predicament but it's a hell of a lot to spend on a car you won't own and only have the pleasure of driving for 2 years (not very long in reality).
In my case, I actually do 2500-3000 miles per month which is around 30k a year. So i'm keeping a basic Japanese mile muncher for commuting, and my 4 GC with 10k miles for everything else and family trips. Even factoring in the insurance, servicing and road tax costs, this is cheaper than getting high mileage on a lease plus I have the back-up of two cars.
This probably doesn't help, but just a few things to consider before you pull the trigger. Just make sure it's what you really want. Also remember, even if a car is 2 years old and on it's final year of warranty, you can buy warranty at around £40-50 a month from BMW. A 2 year old coupe should be attractively priced in comparison and you'd own the car for as many miles as you want. You can PCP a nearly new used car, and really push them on the APR to make it attractive (I got 7% on an offer without pushing too hard).
example, 420i Xdrive M Sport, sub 10k miles only and £23k: http://usedcars.bmw.co.uk/4-Series/2.0-184bhp-420i...
Edited by silent ninja on Wednesday 2nd March 22:02
I did get a PCP Quote too on a brand new vehicle and it looks like this:
BMW
4 Series Diesel Coupe
430d M Sport 2dr Auto [Professional Media][2016.25]
£410.36 per month (not subject to VAT)
APR 8.10%
New - retail value £40,905
Advance instalment £5,000.00 (not subject to VAT)
Followed by 23 monthly instalments £410.36 (not subject to VAT) Starting in month 2
Followed by Optional final instalment £19,364.00 (not subject to VAT)
What's included:
24 month term
20,000 miles per year
DriverLine
Road Fund Licence for 12 months only
I've just realised as well the PCP quote says not subject to VAT next to all the figures, it would be though right?
Anyway, assuming the above figures are correct, the PCP works out at £14,438.28 over the two years, only £169.52 more than the total payable if leased. Then there's the optional final payment of £19,364.00. He did say LeasePlan get a good amount of discount (19% directly from BMW) knocked off list price on PCP deals.
Anyway, assuming the above figures are correct, the PCP works out at £14,438.28 over the two years, only £169.52 more than the total payable if leased. Then there's the optional final payment of £19,364.00. He did say LeasePlan get a good amount of discount (19% directly from BMW) knocked off list price on PCP deals.
Edited by qwerty88 on Wednesday 2nd March 23:05
Below are figures from Coast to Coast / BMW, same details so PCP and all other things remaining constant, why are these so different to the ones above? Is it purely down to the level of discount?
Term of Hire
Financial Details
(a) Cash price (inc. VAT) £33,935.82
(b) Less Initial Rentals / deposit £5,000.00
(c) Balance of cash price/amount of credit £28,935.82
(d) Add Interest Charges £2,331.37
(e) Option to Purchase Fee (£1.00) payable with Final Rental (inc. VAT, if applicable) £1.00
(f) Total Charge for Credit (d) + (e) £2,332.37
(g) Balance Payable (c) + (f) £31,268.19
(h) Total Amount Payable (b) + (g) £36,268.19
4.9 % APR
The balance shown at (g) above is payable by 23 Monthly Rentals: £493.08
Followed by the Optional Final Rental of £19,926.35 and the Option to Purchase Fee of £1.00: Total £19,927.35
Thanks for your help guys, I don't know what I'd do without it!!
Term of Hire
Financial Details
(a) Cash price (inc. VAT) £33,935.82
(b) Less Initial Rentals / deposit £5,000.00
(c) Balance of cash price/amount of credit £28,935.82
(d) Add Interest Charges £2,331.37
(e) Option to Purchase Fee (£1.00) payable with Final Rental (inc. VAT, if applicable) £1.00
(f) Total Charge for Credit (d) + (e) £2,332.37
(g) Balance Payable (c) + (f) £31,268.19
(h) Total Amount Payable (b) + (g) £36,268.19
4.9 % APR
The balance shown at (g) above is payable by 23 Monthly Rentals: £493.08
Followed by the Optional Final Rental of £19,926.35 and the Option to Purchase Fee of £1.00: Total £19,927.35
Thanks for your help guys, I don't know what I'd do without it!!
Edited by qwerty88 on Thursday 3rd March 07:02
bigfish said:
Many thanks for sharing this - so when you add on the deposit it equates to £680 a month for the car. Maybe I am wrong here - but that sounds like a fair chuck of cash per month to drive a new car?
Personally, I agree with you, way too much for me. Even at my mileage (20k per year).gizlaroc said:
Yeah it can do, with very dark overdyed denim anyway, but just wipe it off.
It happens on black too, just you can't see it, it just starts to make it look shiny on black, at least with the lighter leather you see it and sort it quickly.
This is my X3 at 3 years and 50k miles.....
My C320 estate is all black and it is a bloody nightmare to keep looking clean, it shows all the everyday dirt up so much more, it looks grubby after a few days. Plus all black makes it look cheap imho.
That looks nice, pretty much brand new.It happens on black too, just you can't see it, it just starts to make it look shiny on black, at least with the lighter leather you see it and sort it quickly.
This is my X3 at 3 years and 50k miles.....
My C320 estate is all black and it is a bloody nightmare to keep looking clean, it shows all the everyday dirt up so much more, it looks grubby after a few days. Plus all black makes it look cheap imho.
So what you using to wipe it down?
Gassing Station | BMW General | Top of Page | What's New | My Stuff