Lease guesstimate?

[twoblacklines]

Whilst I was in Ocean BMW yesturday picking up an exhaust cam position sensor and O-ring (a cool £101!!) I was looking at a Sakir Orange M4 Convertible. Quite impressed.

A pleasant sales gentleman asked me if I could see myself driving one and if I liked the colour - more of a blue fan really, and I don't have £75k handy in liquid assets either.

But it got me to thinking about lease options.

I wondered if anyone has an idea of what the following would cost to lease? 3 year lease, 10k per year, etc

Model
BMW M4 Coupé

317 kW [437 hp]
Benefit in kind 31% [1]
Combined consumption 34.0 mpg [1]
CO₂ emission 194.0 g/km [1]

Transmission
Change transmission

Seven-speed Double Clutch Transmission (M DCT) w/ DRIVELOGIC
Exterior

Price [2]

Tanzanite Blue
£ 950.00
Change exterior colour
19" M Double- spoke style 437M alloy wheels with mixed tyres
included
Change wheels
Interior

Price [2]

Sonoma Beige Full Merino Leather
£ 1,330.00
Change upholstery
Aluminium Blade interior trim
£ 300.00
Change interior trim
Interior trim finishers - Black Chrome
included
Change trim finisher
Packages

Price [2]

Active Security package
£ 855.00
Change package
Package components
Lane change warning system
included
Details
Dynamic Safety
included
Details
Driving Assistant
included
Details
Price Active Security package
£ 855.00

Price [2]

Advanced Parking package
£ 545.00
Change package
Package components
Reversing Assist camera
included
Details
Park Assist
included
Details
Price Advanced Parking package
£ 545.00
Optional equipment
Communication

Change optional equipment

Price [2]

Internet
£ 95.00
Details
Loudspeaker system - harman/kardon surround sound
£ 675.00
Details
Online Entertainment
£ 190.00
Details
Exterior Equipment

Change optional equipment
Electric Glass Sunroof
included
Details
Sun protection glass
£ 265.00
Details
Interior Equipment

Change optional equipment
Armrest, front with sliding adjustment
£ 140.00
Details
Extended storage
£ 155.00
Details
Steering wheel heating
£ 155.00
Details
Safety & Security

Change optional equipment
Adaptive LED Headlights
£ 1,600.00
Details
High-beam Assistant
included
Details
M Carbon ceramic brakes
£ 6,250.00
Details
Technology

Change optional equipment
Speed limit display
£ 220.00
Details
Transmission

Change optional equipment
Seven-speed Double Clutch Transmission (M DCT) w/ DRIVELOGIC
£ 2,645.00
Details
Price overview
Price

Price [2]
Vehicle price (excl. on the road costs)


£ 46,029.17
Optional equipment price


£ 13,641.67
VAT 20%


£ 11,934.17
On the road cash price


£ 72,860.00

Thank you!

[HoHoHo]

Do you mean contract hire or lease purchase?

[pattyg]

Does it have Head up display? - its a must have.

[Lozw86]

What kind of deposit would you be willing to put down? This will effect the monthlies

[Zyp]

On a £61k M3 it'd cost you over £800 pm, 6 month upfront.
Add in maintenance at approx £30 pm.

I'm assuming an M4 wouldn't be too different.

[twoblacklines]

Is that a standard spec M3 or with the spec I listed?

I ask here because when you list spec on the actual lease companies sites, it is very confusing to do so and the prices seem a lot higher than they should be.

I didn't put heads up display not really sure I would use it? And if it doesn't sit level on the screen it will annoy the hell out of me!

[twoblacklines]

Lozw86 said:

What kind of deposit would you be willing to put down? This will effect the monthlies

around 6k. 2 year lease ie I pick up the car, do upto 10k miles per year then after 24 months I give it back and get a new contract.

Another question, as I own a company can I lease it through that before paying income tax, and how does it affect using it for personal mileage? I do about 80/20 personal/business mileage.

[HoHoHo]

twoblacklines said:

Lozw86 said:

What kind of deposit would you be willing to put down? This will effect the monthlies

around 6k. 2 year lease ie I pick up the car, do upto 10k miles per year then after 24 months I give it back and get a new contract.

Another question, as I own a company can I lease it through that before paying income tax, and how does it affect using it for personal mileage? I do about 80/20 personal/business mileage.

Depending on your financial position you may well find that a personal lease is better than having the M3 as a company car due to the BIK implications?

[Snollygoster]

twoblacklines said:

Is that a standard spec M3 or with the spec I listed?

I ask here because when you list spec on the actual lease companies sites, it is very confusing to do so and the prices seem a lot higher than they should be.

I didn't put heads up display not really sure I would use it? And if it doesn't sit level on the screen it will annoy the hell out of me!

If you're open to mmodel, the M5 is cheaper on a lease, and also has a much bigger standard spec of equipment.

You can get those on a 6 +35 for just over £700 a month or on a 6 + 23 for just over £800.

[Wills2]

I think the car you have specced at 73k would be expensive without some sort of BMW campaign support.

I would think with 6k in over 24 months would be well over £1000 a month and more towards £1200.

[Zyp]

Use this site - add all the options you've listed and it'll give you a price.

No guarantee you'll get a car though....

http://carleasingmadesimple.com/business-car-leasi...

[James_G]

pattyg said:

Does it have Head up display? - its a must have.

Why is the HUD a "must have"? I've never tried one to be fair, but I can't see the point personally.

[Zyp]

I have it, it's a nice to have rather than a must have.

[twoblacklines]

What is the difference between maintenance and non-maintanence? £250 per month difference on an M4 coupe. I thought the car will not need any maintenance anyway in its first 2-3 years as it is under BMW warranty?

[HoHoHo]

twoblacklines said:

What is the difference between maintenance and non-maintanence? £250 per month difference on an M4 coupe. I thought the car will not need any maintenance anyway in its first 2-3 years as it is under BMW warranty?

Maintenance is different to warranty!

My M5 needs new rear tyres every 10k miles and a service of some description every 15k or so. Brakes etc. as and when.

I'm guessing my car will cost circa £100 PA in maintenance, the warranty will take care of items that break or fail FOC (generally not to include wear and tear!)

[Zyp]

£30 per month for maintenance on the M3.
I think it's well worth having if you do 10k miles per year on a 3 year lease
1200 mile service, at least a couple sets of tyres, probably front brakes - possibly rears and then the normal servicing on top of that lot.

I think on tyres alone you'd almost get your money back - my Spyder has done 16k miles in 3 years, and I've already replaced my rears twice and the fronts once (£500 for rears, £400 fronts)

This in a car that weighs substantially less than the M3.

[twoblacklines]

It is £250 per MONTH difference on an M4...I can't see a brand new M4 costing that much to service? My 11 year old, 93k e46 doesn't cost £250 a month to service!

[Zyp]

Sorry, I don't understand.
Are you saying an M4 with maintenance costs £250 per month more than a similarly priced / specced leased M3?

I can catergorically say that maintenance on a new M3 is £30 per month.
At least that's what I'm paying.

[twoblacklines]

No I am saying an M4 with maintainance is £250 a month more than an M4 without maintanance.

[Zyp]

twoblacklines said:

No I am saying an M4 with maintainance is £250 a month more than an M4 without maintanance.

Who's quoted you that?

It's clearly wrong!

Eta - I've just looked at that site I linked to earlier - the price does jump from £760 to £898 pm + VAT!
Perhaps I got lucky at £30 pm....

Edited by Zyp on Thursday 30th October 21:23