BMW M4 on sale for 32 weeks
Discussion
A few questions here for the experts and current M4 owners.
I’m on a rollercoaster with this car buying business but I keep getting drawn to the M4. I rang up my dealer and told the salesman I really want a M4 with my budget, he said come in for a drive so I did.
I told him my budget is around 450-550 a month with whatever equity I have in my 4 series minus the seperate loan I have, going by autotrader, my 430d is worth around 20k and I owe 9 k so let’s say a 10k deposit.
He said sure, I’ll pass the details of your car to my business manager along with your budget, he didn’t seem phased over my budget.
The car is a M4 LCI (67 reg) DCT in Yas Marina Blue, HUD, HK, privacy glass and 360 camera with black leather on 8500 miles.
We get back from the drive, he offers 15 grand for my car so 5800 deposit and 670 a month with 8k per annum at 12%!! Barely open to negotiation.
This is where it gets interesting, I tried finding the car in question on AT and it turns out I saved it 32 weeks ago, it’s been on sale for over 6 months, the car is immaculate, not sure why it’s not selling, it’s reg starts with Y so it’s a BMW UK car, could it be a press car? Is the spec poor, because I think it’s a decent spec!
As for the drive, wow what a machine, absolute rocket and it rode a lot better than the Competition pack I drove last year, didn’t feel any slower. The only difference was the exhaust note which I think is better on the non competition, the comp pack popped and crackled a lot, it was a lot louder and while that is a laugh, it might be a bit too much when driving through high streets, everyone turning their heads and OAP’s shaking their heads when because it looks like you’re speeding.
Anyways, I emailed him after saying I realised the car has been on sale for longer than 6 months and his figures are way over my budget so I offered him 35k, 19 for my car and/or lower the interest to 6%, I said if you can get near to any of those, let me know otherwise I’m going to have to wait until they drop down some more.
I could get a pre facelift one, a tidy one in fact but I want something with atleast 2 years warranty and from a proper reputable dealer!
My question is, why hasn’t it sold and is my offer ridiculous?
I’m on a rollercoaster with this car buying business but I keep getting drawn to the M4. I rang up my dealer and told the salesman I really want a M4 with my budget, he said come in for a drive so I did.
I told him my budget is around 450-550 a month with whatever equity I have in my 4 series minus the seperate loan I have, going by autotrader, my 430d is worth around 20k and I owe 9 k so let’s say a 10k deposit.
He said sure, I’ll pass the details of your car to my business manager along with your budget, he didn’t seem phased over my budget.
The car is a M4 LCI (67 reg) DCT in Yas Marina Blue, HUD, HK, privacy glass and 360 camera with black leather on 8500 miles.
We get back from the drive, he offers 15 grand for my car so 5800 deposit and 670 a month with 8k per annum at 12%!! Barely open to negotiation.
This is where it gets interesting, I tried finding the car in question on AT and it turns out I saved it 32 weeks ago, it’s been on sale for over 6 months, the car is immaculate, not sure why it’s not selling, it’s reg starts with Y so it’s a BMW UK car, could it be a press car? Is the spec poor, because I think it’s a decent spec!
As for the drive, wow what a machine, absolute rocket and it rode a lot better than the Competition pack I drove last year, didn’t feel any slower. The only difference was the exhaust note which I think is better on the non competition, the comp pack popped and crackled a lot, it was a lot louder and while that is a laugh, it might be a bit too much when driving through high streets, everyone turning their heads and OAP’s shaking their heads when because it looks like you’re speeding.
Anyways, I emailed him after saying I realised the car has been on sale for longer than 6 months and his figures are way over my budget so I offered him 35k, 19 for my car and/or lower the interest to 6%, I said if you can get near to any of those, let me know otherwise I’m going to have to wait until they drop down some more.
I could get a pre facelift one, a tidy one in fact but I want something with atleast 2 years warranty and from a proper reputable dealer!
My question is, why hasn’t it sold and is my offer ridiculous?
I bought my F80 M3 2 years ago BMWAUC and got 7% APR without even trying much. I put 11500 in on a 45k car that had 9,300 miles and it was £491 a month. I managed to pay the whole car off including balloon within 18 months by overpaying lumps as I tend to keep my cars for a while. Don’t pay more than 7% and even that will cost you a fortune in interest if you go the full term.
They are great cars. Move on and look at another M4 if the deal doesn’t suit. I’d been looking for a year as I wanted a very very high spec car in Sakhir or Yas marina. Once I found what i was looking for I test drove it the day after it came in and didn’t haggle price as one in that spec wouldn’t come up again for a long time, mine has everything except TV that was available at the time, never seen another with as much spec.
They are great cars. Move on and look at another M4 if the deal doesn’t suit. I’d been looking for a year as I wanted a very very high spec car in Sakhir or Yas marina. Once I found what i was looking for I test drove it the day after it came in and didn’t haggle price as one in that spec wouldn’t come up again for a long time, mine has everything except TV that was available at the time, never seen another with as much spec.
Are you sure it hasn’t sold and been bought back ? Buyer may not have liked car , or worse a problem. Check HPI for any change of owners in that period. I’d want to check dealer records for any problems in that period. In case it’s a lemon.
Otherwise , maybe it’s one of those things , it was overlooked.
Is the Autotrader ad dates 32 weeks ago or can you save the car even if is renewed.
Otherwise , maybe it’s one of those things , it was overlooked.
Is the Autotrader ad dates 32 weeks ago or can you save the car even if is renewed.
Smuler said:
Are you sure it hasn’t sold and been bought back ? Buyer may not have liked car , or worse a problem. Check HPI for any change of owners in that period. I’d want to check dealer records for any problems in that period. In case it’s a lemon.
Otherwise , maybe it’s one of those things , it was overlooked.
Is the Autotrader ad dates 32 weeks ago or can you save the car even if is renewed.
I don’t think it’s been on and off for sale, it’s the same advert with saved 32 weeks ago under it, I always save random cars when I’m procrastinating and I’m surprised it’s still there, usually the S65’s and CL600’s are still for sale Otherwise , maybe it’s one of those things , it was overlooked.
Is the Autotrader ad dates 32 weeks ago or can you save the car even if is renewed.
cosworth330 said:
I bought my F80 M3 2 years ago BMWAUC and got 7% APR without even trying much. I put 11500 in on a 45k car that had 9,300 miles and it was £491 a month. I managed to pay the whole car off including balloon within 18 months by overpaying lumps as I tend to keep my cars for a while. Don’t pay more than 7% and even that will cost you a fortune in interest if you go the full term.
They are great cars. Move on and look at another M4 if the deal doesn’t suit. I’d been looking for a year as I wanted a very very high spec car in Sakhir or Yas marina. Once I found what i was looking for I test drove it the day after it came in and didn’t haggle price as one in that spec wouldn’t come up again for a long time, mine has everything except TV that was available at the time, never seen another with as much spec.
Thanks for the info, he responded quite quickly saying he’s going to try work something out, how did it work with you paying it sooner, is the interest not fixed etc? My worry is the annual mileage and GFV being effected.They are great cars. Move on and look at another M4 if the deal doesn’t suit. I’d been looking for a year as I wanted a very very high spec car in Sakhir or Yas marina. Once I found what i was looking for I test drove it the day after it came in and didn’t haggle price as one in that spec wouldn’t come up again for a long time, mine has everything except TV that was available at the time, never seen another with as much spec.
Did you give an offer in your car?
I doubt you will get much movement in your PX and you wouldnt get an increased value on your PX and a decrease on the sales price.
You mentioned 35k offer but not what its up for. For a car thats been up for sale for 6 months id be tempted to offer 5k below asking and work from there. Depends how much you want the car then settle at 4-3.5k less than asking.
You mentioned 35k offer but not what its up for. For a car thats been up for sale for 6 months id be tempted to offer 5k below asking and work from there. Depends how much you want the car then settle at 4-3.5k less than asking.
Interesting you say you prefer the ride to the competition pack.
When I was looking for mine dealers quite obviously tried to put me off buying non competition cars as they were less desirable and wouldn’t hold residuals well in the future compared to CP cars.
This is despite later non CP cars having a suspension upgrade which effectively made them much closer under the skin.
Could be that there are others out there like me who fell for the patter and only considered CP cars
When I was looking for mine dealers quite obviously tried to put me off buying non competition cars as they were less desirable and wouldn’t hold residuals well in the future compared to CP cars.
This is despite later non CP cars having a suspension upgrade which effectively made them much closer under the skin.
Could be that there are others out there like me who fell for the patter and only considered CP cars
Chamon_Lee said:
I doubt you will get much movement in your PX and you wouldnt get an increased value on your PX and a decrease on the sales price.
You mentioned 35k offer but not what its up for. For a car thats been up for sale for 6 months id be tempted to offer 5k below asking and work from there. Depends how much you want the car then settle at 4-3.5k less than asking.
Apologies, it’s up for 40 kYou mentioned 35k offer but not what its up for. For a car thats been up for sale for 6 months id be tempted to offer 5k below asking and work from there. Depends how much you want the car then settle at 4-3.5k less than asking.
jflower said:
I've been looking at M4's recently and I spotted that too. It seems a decent deal and I've been thinking of enquiring to see if they'd do that deal on a manual...because the DCT doesn't do anything for me. Don’t pay more than 4.9 to 5.5% apr. Haggled mine to 4.9 for the M2 and advised my mate to this level for his M4 both used.
The dealers will hold out for the high rate as they get paid for it as I’m sure you know. The pcp calculator on Carwow is really useful for finding out where you can get too with the figures if you check the gfv first and put it in.
The dealers will hold out for the high rate as they get paid for it as I’m sure you know. The pcp calculator on Carwow is really useful for finding out where you can get too with the figures if you check the gfv first and put it in.
[quote=Chestrockwell]
Thanks for the info, he responded quite quickly saying he’s going to try work something out, how did it work with you paying it sooner, is the interest not fixed etc? My worry is the annual mileage and GFV being effected.
Did you give an offer in your car?
[/quote
It was the highest spec M3 in the country on AUC under 50k at the time, I didn’t haggle as the car had only just come in the day before at my local dealer, it was exactly what I was looking for and took me a year to find so no I didn’t beat the price down just agreed new tyres and gap ins.
You can pay off what you want when you want. My PCP had been running 2 months when I paid 10k off and reduced term from 48 months to 18 months or could have gone the full term and had lower monthly. Saved me about 5k in interest. Paid 17k balloon off last December. I’ll keep it until the G series M3 is a couple of years old and probably sell private and buy a used G series M3.
Thanks for the info, he responded quite quickly saying he’s going to try work something out, how did it work with you paying it sooner, is the interest not fixed etc? My worry is the annual mileage and GFV being effected.
Did you give an offer in your car?
[/quote
It was the highest spec M3 in the country on AUC under 50k at the time, I didn’t haggle as the car had only just come in the day before at my local dealer, it was exactly what I was looking for and took me a year to find so no I didn’t beat the price down just agreed new tyres and gap ins.
You can pay off what you want when you want. My PCP had been running 2 months when I paid 10k off and reduced term from 48 months to 18 months or could have gone the full term and had lower monthly. Saved me about 5k in interest. Paid 17k balloon off last December. I’ll keep it until the G series M3 is a couple of years old and probably sell private and buy a used G series M3.
cerb4.5lee said:
jflower said:
I've been looking at M4's recently and I spotted that too. It seems a decent deal and I've been thinking of enquiring to see if they'd do that deal on a manual...because the DCT doesn't do anything for me. That looks like a good deal for a short term thrill, brand new CP with a low deposit so easy to get into but it’s still 56k total without HK, HUD or reversing camera etc.
I want to comfortably afford an M4 knowing I’ll own it at the end or have better equity. If only the monthlies started with a 4 with a better spec, might be tempted, better spec = better residuals.
If I see an M4 without HK or HUD, I ain’t interested!
stabilio said:
Don't want to disappoint you but looking at the headlights, its not an LCI car. Some later registered cars may have earlier build dates that weren't LCI so ask for the build date. I *think* later 2017 build dates were LCI.
It’s definitely an LCI, has the LCI rear lights with the new touchscreen idrive, it was built Oct 2017. I actually don’t mind the pre LCI astetically because there are a few 2017 ones but my concerns are with the drivetrain/DCT, I’ve read a lot about pre lci being easily upset with the slightest imperfection on the road and being snappy. I also have a 65 plate 4 series now so would like the updated idrive where you can have Apple car play retrofitted at a small cost.
Edited by Chestrockwell on Wednesday 10th April 00:51
Edited by Chestrockwell on Wednesday 10th April 00:55
Chestrockwell said:
It’s definitely an LCI, has the LCI rear lights with the new touchscreen idrive, it was built Oct 2017.
I actually don’t mind the pre LCI astetically because there are a few 2017 ones but my concerns are with the drivetrain/DCT, I’ve read a lot about pre lci being easily upset with the slightest imperfection on the road and being snappy. I also have a 65 plate 4 series now so would like the updated idrive where you can have Apple car play retrofitted at a small cost.
Ahh, looks like the M3 had a different LCI date then as the rounded inner headlights are are deffo pre-LCI on the M3.I actually don’t mind the pre LCI astetically because there are a few 2017 ones but my concerns are with the drivetrain/DCT, I’ve read a lot about pre lci being easily upset with the slightest imperfection on the road and being snappy. I also have a 65 plate 4 series now so would like the updated idrive where you can have Apple car play retrofitted at a small cost.
Edited by Chestrockwell on Wednesday 10th April 00:51
Edited by Chestrockwell on Wednesday 10th April 00:55
Edited by stabilio on Wednesday 10th April 10:16
YK67BVM, it's road tax expired 20-6-2018, so it's been unused for a bit longer than 32 weeks.
It's 1 owner is showing as having sold it 20-6-2018 and the only log book date is date of first reg. 30-10-2017
if it's YK, registered in Leeds. A lot of BMW UK cars start as Y, maybe that's part of the backstory?
It's 1 owner is showing as having sold it 20-6-2018 and the only log book date is date of first reg. 30-10-2017
if it's YK, registered in Leeds. A lot of BMW UK cars start as Y, maybe that's part of the backstory?
Gassing Station | M Power | Top of Page | What's New | My Stuff