Which 4 Series Should I Go For?

[qwerty88]

Is this a good deal?

PCP - 2 Years (with independent lease company)
430d Gran Coupe M Sport
Options: Sun Protection Glass + Electric Sunroof
Deposit: £5,000.00
Monthly: £419.98
20,000 miles per year
GFV: £20,234.00
APR 8.34%
New - retail value £42,065

I should add, at the end of the 2 years I plan to hand it back in and take out another vehicle with them, if there is positive equity. If there is negative equity, I will simply hand it back, doubt I'll have £20k lying around!!

Edited by qwerty88 on Thursday 10th March 12:41

[qwerty88]

Dave350 said:

Hmm. Assuming that's 23 x £420 + £5k = £14.7k for 2 years.

Comparing that to the deal I posted which was for a 440i with a fair few of the packages (Msport Plus, Comfort, Parking + Folding Mirrors)

Mine worked out at 35 x £330 + £10k = £21.6k (Equiv to £14.4k for 2 years, granted the 3rd years is in a 2 year old car however).

Fairly similar, although the list of the 440i with options was £47.5k

It is 23 X £420.00.

Mind sharing who is the independent lease purchase agreement provided by that you have gone with?

[qwerty88]

Dave350 said:

I've sent you a PM/Email which ever it was via clicking on your profile!

Yet to purchase, still weighing up my options.

Test driving a 340i next Saturday hopefully. Looking to start a family within the next two years and hope I won't look back and regret buying a 4 series!

Any one on here have a 4 series with kids?

Thanks Dave. I've received it.

Also, just realised, your rates that you posted when comparing to mine are based on 8k miles per year.

Edited by qwerty88 on Thursday 10th March 15:22

[qwerty88]

Dave350 said:

Ah, that explains it!

Knowing that now, would you say my deal for 20k miles is ok? I think it is. Just need someone to tell me if its a blindly good deal, average, or if I'm getting ripped off! First time PCP'er here.

[qwerty88]

A little off topic but anyone ever done a PCP through Network / LeasePlan?

I've read through the contracts sent by the broker, anything I should look out for? Anything you would have done differently?

[qwerty88]

Quick question guys, so I've pulled the trigger on the below, do I need GAP Insurance? If I do, is it Back To Invoice or Vehicle Replacement I need? Reading the section on GAP Insurance on PH, it looks like I would need Vehicle Replacement.

When I was speaking to GB Vehicle Leasing about requesting a settlement figure at any stage at all in my contract, he advised that because the vehicle I am buying from them has a very large discount from day one, and the fact I am paying £5,000 as my first initial payment I will be well ahead of any depreciation so if I ever do need to change my car they seriously doubt I will ever need to pay money to close the agreement. So this makes me think I don't need it, not sure.

PCP - 2 Years (with independent lease company)
430d Gran Coupe M Sport
Options: Sun Protection Glass + Electric Sunroof
Deposit: £5,000.00
Monthly: £419.98
20,000 miles per year
GFV: £20,234.00
APR 8.34%
New - retail value £42,065

[qwerty88]

gizlaroc said:

If the huge discounts go when you want to replace that may be a better option.

To clarify, you're saying in that situation Vehicle Replacement Plus may be a better option?

[qwerty88]

Yeah, it was about that.

Thanks, that really helps.

I get what you're saying and you're right that's a negative when you look at it that way but I've been looking forward to this car for a long time now and am pretty sure my next car after this will be another 4 Series. Just so I'm clear though, if that did happen 20 months in, the agreement with GB Vehicle Leasing wouldn't renew right? I mean I'd get a replacement vehicle and 4 months later would have the same options at the end of term I would have done as if nothing happened to the original car.

[qwerty88]

I'm not sure what you mean but, at any stage, I can pay the remaining amount of money borrowed and that would be that, agreement would terminate.

I also have the option, at any point during the agreement, to ask them for a settlement figure, they will source a buyer for the vehicle and tell me what the figure is, for the reasons outlined above, it is highly unlikely I'd have to stump up any additional money at that point, there's even the possibility they would give me some money. In either case, I'd just hand the car back and walk away.

[qwerty88]

Regular or premium diesel?

[qwerty88]

silent ninja said:

My 430d GC has arrived early! I'm stuck with work so have requested home delivery for Thursday. Can't wait!

Anything I should look out for besides odometer, perfect body work, extra keys, mats?

Interested to know this too as mine arrives next Thursday!

Personally, I can't think of anything else besides what you've mentioned.

[qwerty88]

He's probably out enjoying the car! I'm keen to see some pictures too. Mine gets delivered on Wednesday next week and I can't promise I'll have pictures up that day but I will at some point!

[qwerty88]

Glad to hear you're enjoying it mate.

[qwerty88]

Nice, mine is in white too, can't wait till Wednesday!

[qwerty88]

Morning All,

So 2 months and 315 posts later, I just want to say thank you to everyone in this thread who helped me make this decision. I am so pleased with the car and cannot stop smiling when I'm driving it! A few pictures below, I may upload more soon.

[qwerty88]

Thanks guys.

Yeah I got the 430d too.

I know, there's tons of stuff I haven't had a chance to look into yet. Great there's an app for the owners handbook too, very handy.