It’s nearly time, M4 or M4CP, personal loan or PCP
Discussion
nickfrog said:
Chestrockwell said:
for a big service on the M4, £1000 doesn’t seem that bad.
I don't get why the big service (with the plugs) is that much when it's listed at £622 on the BMW site for the M2. And that's before dealer discount and supplying my own oil so closer to £500. Perhaps it is because my car is 4 years old.The other thing of a post April 2017 car is that the tax will be closer to £500 for the first 5 (6?) years rather than £300.
That's one rear tyre per year saved
If noise is important then perhaps consider an original M2 with the (heavily enhanced) N55. I know you prefer a M4 but perhaps a quick M2 test drive (whenever possible) might change your views (it's a better steer too).
The M2 sounds much nicer and there are a few on AT with the MPE exhaust in my budget but I think I’d always be thinking about what the M4 would have been like!
If M2’s went for 25k, I’d definitely save the money and go for one of those instead but they hold their value so well.
Chestrockwell said:
Is that a competition pack? The convertibles are actually well within budget, M4 LCI CP’s going for 33-34 approved used and the non CP’s are even cheaper. Seeing as the convertibles have the same seats, the only thing I’d be missing in a non CP convertible would be the exhaust and after watching a few YouTube videos, they don’t sound too bad!
Yes its the competition pack. I would always go for the competition pack, the styling is just so much nicer as well over the non competition. Mines is one of the first 2018 LCI's, you can get higher mileage ones in your price range but I would be very careful purchasing a high mileage M car with out a proper PPI being done on the car even from an AUC.
Im on my 3rd M car and I love them, I have the M4 and a X3MC just now and I can never see me leaving the M car world now.
Good luck on your journey
mike74 said:
So you've "finally" managed to save up a whole £5k for a deposit and now you want to borrow an additional £25k to buy the car.
Hilarious.
What difference does it make to you what the guy does with his money. He has worked out his finances and with putting 5K down he can at any time sell the car and pay off the loan. If he is happy to possibly lose his 5K then I don't see any issue in what he is doing. He is buying a price point where realistically he is not going to lose much more than 5K over the next few years.Hilarious.
From reading some of your posts you seem to just like having a go at people spending money.
Geomac79 said:
Chestrockwell said:
Is that a competition pack? The convertibles are actually well within budget, M4 LCI CP’s going for 33-34 approved used and the non CP’s are even cheaper. Seeing as the convertibles have the same seats, the only thing I’d be missing in a non CP convertible would be the exhaust and after watching a few YouTube videos, they don’t sound too bad!
Yes its the competition pack. I would always go for the competition pack, the styling is just so much nicer as well over the non competition. Mines is one of the first 2018 LCI's, you can get higher mileage ones in your price range but I would be very careful purchasing a high mileage M car with out a proper PPI being done on the car even from an AUC.
Im on my 3rd M car and I love them, I have the M4 and a X3MC just now and I can never see me leaving the M car world now.
Good luck on your journey
I could knock that down easily and the mileage doesn’t phase me as it has a year BMW warranty that I can extend however the issue is I’m going to be buying in March and It will prob sell by then!
Your is lovely and I love the wheels, that’s why I asked if it was a CP as I’ve seen a few normal M4’s with those wheels on them!
mike74 said:
So you've "finally" managed to save up a whole £5k for a deposit and now you want to borrow an additional £25k to buy the car.
Hilarious.
So Mike, even at 3.38am you're obsessed about other people's money even though you know nothing about their situation. How do you know he has only saved £5k? It sounds to me like he has decided to dedicate £5k to the car as a deposit and has other savings dedicated to the property purchase. He may even have further savings or investments dedicated to a rainy day. Hilarious.
Chestrockwell said:
Geomac79 said:
Chestrockwell said:
Is that a competition pack? The convertibles are actually well within budget, M4 LCI CP’s going for 33-34 approved used and the non CP’s are even cheaper. Seeing as the convertibles have the same seats, the only thing I’d be missing in a non CP convertible would be the exhaust and after watching a few YouTube videos, they don’t sound too bad!
Yes its the competition pack. I would always go for the competition pack, the styling is just so much nicer as well over the non competition. Mines is one of the first 2018 LCI's, you can get higher mileage ones in your price range but I would be very careful purchasing a high mileage M car with out a proper PPI being done on the car even from an AUC.
Im on my 3rd M car and I love them, I have the M4 and a X3MC just now and I can never see me leaving the M car world now.
Good luck on your journey
I could knock that down easily and the mileage doesn’t phase me as it has a year BMW warranty that I can extend however the issue is I’m going to be buying in March and It will prob sell by then!
Your is lovely and I love the wheels, that’s why I asked if it was a CP as I’ve seen a few normal M4’s with those wheels on them!
Nice branch of Sytner based on when I dealt with them.
Can’t you reserve it and say you can’t travel to Wales to complete purchase until March as it’s not “essential travel”
One reason for a discount , look at what the MOT mileage says, 74 , 011. Presumably it should have read 34,0111
If that can't be corrected, and I think it's too late, car will show up as mileage issues.
https://www.check-mot.service.gov.uk
Car was traded nearly 2 months ago, so may not need to fear it selling.
Edited by Smuler on Monday 1st February 14:06
As already stated, you should be able to get 3% on a personal loan (up to £25k max loan). There's nothing stopping you spreading the loan over say 5 or even 7 years, will keep monthly payments down and obviously cost a bit more interest but you can always settle the loan if you decide to sell the car or whatever.
If it's your first property just wait until you are in / settled etc. until you sign up for it. You may find the bills etc. more expensive than you were expecting, or may be bits and pieces you need to buy for the house in the first few months of owning it. May be less of a concern if buying a new build.
Also just budget for tax / insurance up front as part of purchase (cheapest to tax at once for 12 months than to spread the cost) and potentially a bit of a buffer in case it needs anything soon after purchase (tyres etc.).
If buying AUC try and negotiate 2 year warranty as part of the purchase (if that's still a thing?) - not exactly a shortage of M4Cs about so it's definitely worth haggling.
I'm actually about to do something very similar, £33k car and will be putting down around half that and borrowing the rest over about 3 years. Cost of borrowing is negligible (sub £1k).
If it's your first property just wait until you are in / settled etc. until you sign up for it. You may find the bills etc. more expensive than you were expecting, or may be bits and pieces you need to buy for the house in the first few months of owning it. May be less of a concern if buying a new build.
Also just budget for tax / insurance up front as part of purchase (cheapest to tax at once for 12 months than to spread the cost) and potentially a bit of a buffer in case it needs anything soon after purchase (tyres etc.).
If buying AUC try and negotiate 2 year warranty as part of the purchase (if that's still a thing?) - not exactly a shortage of M4Cs about so it's definitely worth haggling.
I'm actually about to do something very similar, £33k car and will be putting down around half that and borrowing the rest over about 3 years. Cost of borrowing is negligible (sub £1k).
nickfrog said:
mike74 said:
So you've "finally" managed to save up a whole £5k for a deposit and now you want to borrow an additional £25k to buy the car.
Hilarious.
So Mike, even at 3.38am you're obsessed about other people's money even though you know nothing about their situation. How do you know he has only saved £5k? It sounds to me like he has decided to dedicate £5k to the car as a deposit and has other savings dedicated to the property purchase. He may even have further savings or investments dedicated to a rainy day. Hilarious.
The pain is strong with this one, if you take the time and bother to read my original post, I actually used the 10% as an example and I said I will be shopping more once I have settled in. If you’re talking about inadequacy and creating an image of wealth, I actually drive a 2020 C class Mercedes and could easily renew the lease or lease something brand new but instead I’m going for a 4 year old car because I’m an car enthusiast.
I wanted to go for one in 2018 and 2019 but decided the time wasn’t right and didn’t want to live beyond my means, I’ve clearly stated I’m about to purchase my first property and I can finally get the car I’ve always wanted and comfortably afford it.
There isn’t any need to belittle people let alone on an anonymous forum. If you feel that strongly about debt junkies, why don’t you park outside a BMW or Merc dealership and call people sad inadequate debt junkies to their face, why do you have to do it anonymously. Only borrow a poxy 25k and paying it off, I wonder how you feel about Range Rover drivers! God it must really eat you inside!
Life’s too short to have that much hate inside you, if you don’t have anything useful to offer; just mind your own business!
Edited by chris.mod on Tuesday 2nd February 09:23
Chestrockwell said:
There is a lovely approved used one similar to yours https://usedcars.bmw.co.uk/vehicle/202012106960648...
I could knock that down easily and the mileage doesn’t phase me as it has a year BMW warranty that I can extend however the issue is I’m going to be buying in March and It will prob sell by then!
Your is lovely and I love the wheels, that’s why I asked if it was a CP as I’ve seen a few normal M4’s with those wheels on them!
The wheels are CS wheels. It was one of main reasons I was attracted to the car in the first place as they go perfect with the colour I think.I could knock that down easily and the mileage doesn’t phase me as it has a year BMW warranty that I can extend however the issue is I’m going to be buying in March and It will prob sell by then!
Your is lovely and I love the wheels, that’s why I asked if it was a CP as I’ve seen a few normal M4’s with those wheels on them!
Ah....No one should ever get a mortgage: If you can’t afford to buy a house with cash, then you shouldn’t rent either. Live in a box.
Seen too many people, who waited all their lives to live their dreams, die just before or just after retirement, to bother with that kind of tripe.
Edited by chris.mod on Tuesday 2nd February 09:23
Chestrockwell said:
There is a lovely approved used one similar to yours https://usedcars.bmw.co.uk/vehicle/202012106960648...
I could knock that down easily and the mileage doesn’t phase me as it has a year BMW warranty that I can extend however the issue is I’m going to be buying in March and It will prob sell by then!
Your is lovely and I love the wheels, that’s why I asked if it was a CP as I’ve seen a few normal M4’s with those wheels on them!
The wheels are CS wheels. It was one of main reasons I was attracted to the car in the first place as they go perfect with the colour I think.I could knock that down easily and the mileage doesn’t phase me as it has a year BMW warranty that I can extend however the issue is I’m going to be buying in March and It will prob sell by then!
Your is lovely and I love the wheels, that’s why I asked if it was a CP as I’ve seen a few normal M4’s with those wheels on them!
Geomac79 said:
Chestrockwell said:
There is a lovely approved used one similar to yours https://usedcars.bmw.co.uk/vehicle/202012106960648...
I could knock that down easily and the mileage doesn’t phase me as it has a year BMW warranty that I can extend however the issue is I’m going to be buying in March and It will prob sell by then!
Your is lovely and I love the wheels, that’s why I asked if it was a CP as I’ve seen a few normal M4’s with those wheels on them!
The wheels are CS wheels. It was one of main reasons I was attracted to the car in the first place as they go perfect with the colour I think.I could knock that down easily and the mileage doesn’t phase me as it has a year BMW warranty that I can extend however the issue is I’m going to be buying in March and It will prob sell by then!
Your is lovely and I love the wheels, that’s why I asked if it was a CP as I’ve seen a few normal M4’s with those wheels on them!
mike74 said:
nickfrog said:
So Mike, even at 3.38am you're obsessed about other people's money even though you know nothing about their situation. How do you know he has only saved £5k? It sounds to me like he has decided to dedicate £5k to the car as a deposit and has other savings dedicated to the property purchase. He may even have further savings or investments dedicated to a rainy day.
Ah yes, I wondered when someone would trot out the old ''other savings/investments'' pony... he's obviously so flush and financially savvy that he was looking at taking out a loan at 10 percent, clearly an investment genius.Defend him all you like but at the end of he day he's just another sad inadequate debt junkie who wants to create an illusion of wealth and impress people whilst living beyond his means.
I don't think anyone is impressed by a M4, they're everywhere. Although it seems that some people get really angry at the idea of someone having a half decent car Mike, so you're probably judging others by your own state of terminal inadequacy.
Again, you know nothing about the guy's financial situation and you make assumptions to fit your constant binary thinking narrative that anyone who doesn't pay cash is a debt junkie. For those with a modicum of critical thinking cash can be an excellent solution but also a poor one (for some, putting £25k cash in a car would be silly when that money can return 40% courtesy of HMRC, for instance)
Just don't draw sweeping conclusions just because you're bitter. Remember also that this site is about cars, you might not care about them but some of us do and don't want to end up as unhinged as you.
Edited by nickfrog on Monday 1st February 17:36
What do we think of Cat N’s? There are a few but I’ve excluded them from my search and I must have reset my search earlier and this came up.
https://www.autotrader.co.uk/car-details/202101278...
Says it’s Stolen/Recovered, still has a warranty until May 2022, why would a recovered/stolen car be cheaper or be flagged up if it wasn’t written off
I mean, what’s the big deal
https://www.autotrader.co.uk/car-details/202101278...
Says it’s Stolen/Recovered, still has a warranty until May 2022, why would a recovered/stolen car be cheaper or be flagged up if it wasn’t written off
I mean, what’s the big deal
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