M4 lease to include service & tyres or not?
Discussion
Hi. im on the cusp of ordering a new M4 coupe DCT and playing around with lease quotes from here and there.
I have the price down to a reasonable level but cant decide to go the maintained route or not. As the services are condition based i have no idea in reality how many services im likley to have over the 4 year lease period.
based on 8K miles a year so 32K miles over the lease period could any of you give me an idea how often they need a service. i appreciate the nature of condition based means this is an unanswerable question but a guestimate is better than nothing.
It will be driven hard so expecting a set of tyres once a year. i assume a set of brakes as well. so budgeting £800 for tyres. not sure on brakes, 5-800 i guess if i go through disks and pads once a year.
its just the services im stumped on.
the cost of going fully maintained adds about £66 a month to the lease so £792 a year.
it seems ive answered my own question by writing this down as thats less than a set of tyres!
anyway - thoughts welcome.
im also getting an X5 xdrive 30d se as well and have the same question on that if anyone has experience with those also (wrong forum for that i know but cant be bothered to venture over to that side of the fence!
i have another question on interior but will do another thread on that one.
thanks for any input..
I have the price down to a reasonable level but cant decide to go the maintained route or not. As the services are condition based i have no idea in reality how many services im likley to have over the 4 year lease period.
based on 8K miles a year so 32K miles over the lease period could any of you give me an idea how often they need a service. i appreciate the nature of condition based means this is an unanswerable question but a guestimate is better than nothing.
It will be driven hard so expecting a set of tyres once a year. i assume a set of brakes as well. so budgeting £800 for tyres. not sure on brakes, 5-800 i guess if i go through disks and pads once a year.
its just the services im stumped on.
the cost of going fully maintained adds about £66 a month to the lease so £792 a year.
it seems ive answered my own question by writing this down as thats less than a set of tyres!
anyway - thoughts welcome.
im also getting an X5 xdrive 30d se as well and have the same question on that if anyone has experience with those also (wrong forum for that i know but cant be bothered to venture over to that side of the fence!
i have another question on interior but will do another thread on that one.
thanks for any input..
Can't help you on an M4 but can give you an idea on the M5.
Worth noting i do track my car every so often so that will of course massively increase wear, however the balance of the time she's doing 500 mile round tips on Motorways & Dual Carriageways so their is some balance.
In 18K miles i've had one proper service which was purely an oil change as well as the 1200 mile run-in service which i'd negotiated to be FOC when i got the car. Been through 2 sets of rear pads & 1 set of fronts, 1 set of front tyres & no sets of rears (although they are now down to about 3.5mm). Other than that just fuel & insurance.
Do these maintenance packages allow any track driving as i'd assume not & for that reason i'd never sign into them as no point having an M car & not exploiting it.
My gut feel is if i didn't indulge in track days then i'd still be on the original brake pads & possibly original tyres all round, although they'd probably be ready for replacing about now.
Worth noting i do track my car every so often so that will of course massively increase wear, however the balance of the time she's doing 500 mile round tips on Motorways & Dual Carriageways so their is some balance.
In 18K miles i've had one proper service which was purely an oil change as well as the 1200 mile run-in service which i'd negotiated to be FOC when i got the car. Been through 2 sets of rear pads & 1 set of fronts, 1 set of front tyres & no sets of rears (although they are now down to about 3.5mm). Other than that just fuel & insurance.
Do these maintenance packages allow any track driving as i'd assume not & for that reason i'd never sign into them as no point having an M car & not exploiting it.
My gut feel is if i didn't indulge in track days then i'd still be on the original brake pads & possibly original tyres all round, although they'd probably be ready for replacing about now.
Just curiosity as i don't know the answer but what happens on a 4 year lease if the engine or something serious goes 3.5 years in and outwith warranty? I take it you'd be left to foot the full dealership bill for repair?
I'd be inclined to go for a 3 year lease at the most to avoid such issues, MOT's, etc.
If the fully maintained deal covers tyres though at that price it's a no brainer.
I'd be inclined to go for a 3 year lease at the most to avoid such issues, MOT's, etc.
If the fully maintained deal covers tyres though at that price it's a no brainer.
Thanks for the replies. I have the same tyres (super sports) on my m135i and got about 10k out of them. Hence assuming 8k ish in m4 with increased power. As to warranty stuff I'm not sure how that works I know the maintained option covers road tax, service, tyres, brakes (basically all consumables) and mot. I would assume that means it covers the big stuff breaking as well. I'll certainly check that tomorrow thanks
W8PMC said:
Can't help you on an M4 but can give you an idea on the M5.
Worth noting i do track my car every so often so that will of course massively increase wear, however the balance of the time she's doing 500 mile round tips on Motorways & Dual Carriageways so their is some balance.
In 18K miles i've had one proper service which was purely an oil change as well as the 1200 mile run-in service which i'd negotiated to be FOC when i got the car. Been through 2 sets of rear pads & 1 set of fronts, 1 set of front tyres & no sets of rears (although they are now down to about 3.5mm). Other than that just fuel & insurance.
Do these maintenance packages allow any track driving as i'd assume not & for that reason i'd never sign into them as no point having an M car & not exploiting it.
My gut feel is if i didn't indulge in track days then i'd still be on the original brake pads & possibly original tyres all round, although they'd probably be ready for replacing about now.
Bit off topic butWorth noting i do track my car every so often so that will of course massively increase wear, however the balance of the time she's doing 500 mile round tips on Motorways & Dual Carriageways so their is some balance.
In 18K miles i've had one proper service which was purely an oil change as well as the 1200 mile run-in service which i'd negotiated to be FOC when i got the car. Been through 2 sets of rear pads & 1 set of fronts, 1 set of front tyres & no sets of rears (although they are now down to about 3.5mm). Other than that just fuel & insurance.
Do these maintenance packages allow any track driving as i'd assume not & for that reason i'd never sign into them as no point having an M car & not exploiting it.
My gut feel is if i didn't indulge in track days then i'd still be on the original brake pads & possibly original tyres all round, although they'd probably be ready for replacing about now.
Paul I still can't believe that your still on original rears!! I've seen you drive haha
Even if you'd just been driving steady for 18k and no track days I would still be mighty impressed!!
likesachange said:
Bit off topic but
Paul I still can't believe that your still on original rears!! I've seen you drive haha
Even if you'd just been driving steady for 18k and no track days I would still be mighty impressed!!
Has somewhat surprised me & i'm only changing them now as i've got 3 full track days (Spa & Jules Tacheny) coming up in 3 weeks so felt it best to get new rubber & pads all round. Original rears still have around 4mm on them which is insane really & the front pads lasted well given the track days i've done as they only gave up about 1k miles ago. Front tyres got replaced last September after 2 days at Spa & the rear pads gave up after Donington a few months back.Paul I still can't believe that your still on original rears!! I've seen you drive haha
Even if you'd just been driving steady for 18k and no track days I would still be mighty impressed!!
The MPSS really are an awesome tyre & to be honest i'm not a drift King so don't like to kick the back out on my car on the road & i save such antics for the track where it's more about the handling, hence my fronts wearing at a far higher rate than the rears. Track days kill the rear pads though as they're directly linked to the TC so pretty much every time you see the Orange TC light appear, the rear brakes are being applied so at speed on track the wear rate is very high.
test drove the M4 today - very happy with it so pressing ahead with the order.
One thing I found out in case anyone else is reading this thread and thinking about maintained lease or not. as its a 4 year lease if you have it maintained then it effectively adds a year to the standard 3 year warranty. Without a maintained lease; during year 4 you are dicing with death as for example if you blow your transmission or any other disastrous and expensive mishaps occur then you would have to foot the bill.
that could be a nightmare if 3 months to the end of your lease you are hit with a 5K bill!!
so I'm going down the fully maintained route so have total piece of mind that no disasters can occur. aside from the monthly payments all ill have to pay for is fuel. I thought it worth mentioning that as its very relevant in the case of a 4 year lease on a car with a standard 3 year warranty.
now for the long wait until it arrives zzzz
One thing I found out in case anyone else is reading this thread and thinking about maintained lease or not. as its a 4 year lease if you have it maintained then it effectively adds a year to the standard 3 year warranty. Without a maintained lease; during year 4 you are dicing with death as for example if you blow your transmission or any other disastrous and expensive mishaps occur then you would have to foot the bill.
that could be a nightmare if 3 months to the end of your lease you are hit with a 5K bill!!
so I'm going down the fully maintained route so have total piece of mind that no disasters can occur. aside from the monthly payments all ill have to pay for is fuel. I thought it worth mentioning that as its very relevant in the case of a 4 year lease on a car with a standard 3 year warranty.
now for the long wait until it arrives zzzz
jimbooo said:
test drove the M4 today - very happy with it so pressing ahead with the order.
One thing I found out in case anyone else is reading this thread and thinking about maintained lease or not. as its a 4 year lease if you have it maintained then it effectively adds a year to the standard 3 year warranty. Without a maintained lease; during year 4 you are dicing with death as for example if you blow your transmission or any other disastrous and expensive mishaps occur then you would have to foot the bill.
that could be a nightmare if 3 months to the end of your lease you are hit with a 5K bill!!
so I'm going down the fully maintained route so have total piece of mind that no disasters can occur. aside from the monthly payments all ill have to pay for is fuel. I thought it worth mentioning that as its very relevant in the case of a 4 year lease on a car with a standard 3 year warranty.
now for the long wait until it arrives zzzz
What sort of lease deal did you manage to get Jimbooo?One thing I found out in case anyone else is reading this thread and thinking about maintained lease or not. as its a 4 year lease if you have it maintained then it effectively adds a year to the standard 3 year warranty. Without a maintained lease; during year 4 you are dicing with death as for example if you blow your transmission or any other disastrous and expensive mishaps occur then you would have to foot the bill.
that could be a nightmare if 3 months to the end of your lease you are hit with a 5K bill!!
so I'm going down the fully maintained route so have total piece of mind that no disasters can occur. aside from the monthly payments all ill have to pay for is fuel. I thought it worth mentioning that as its very relevant in the case of a 4 year lease on a car with a standard 3 year warranty.
now for the long wait until it arrives zzzz
DarylB90 said:
What sort of lease deal did you manage to get Jimbooo?
Ive quoted from a lot of main dealers plus leasing companies and BMW came up the cheapest for my circumstances.Basically there are two options. Its a business lease im doing so comes up cheaper than a personal lease.
The main one most dealers have quoted is from their "alphabet" lease system. in looking at 4 year lease with 6 payment deposit term as this gets the monthly payments down to a manageable level looking at. mileage limit is 8000 miles per year (32k over lease period) im also leasing an X5 and this is getting a tad expensive hence me looking at longer leases than most people do.
best quote ive got is £646.73 plus VAT per month for 47 months with an initial first month payment of £3880 plus vat. that's fully maintained, road tax, service, tyres, brakes, MOT and also includes out of warranty repairs in year 4
there is a cheaper quote which i was tempted with from a dealer in Edinburgh. that's a quote from the BMW financial services contract hire system (different to Alphabet)
That one came in at £504.78 plus VAT per month for 47 months with initial payment of £3028.68
weighing it up the Scottish quote is a lot cheaper especially when you add up the total spend difference in the two over the 4 years however that doesn't cover any of the maintenance benefits of the other quotes. i don't think there will be a huge amount in it when i think about the cost of brakes tyres, service tax etc.. plus this option would leave me wide open for repair bills in the case of year 4 non warranty driving.
jimbooo said:
Ive quoted from a lot of main dealers plus leasing companies and BMW came up the cheapest for my circumstances.
Basically there are two options. Its a business lease im doing so comes up cheaper than a personal lease.
The main one most dealers have quoted is from their "alphabet" lease system. in looking at 4 year lease with 6 payment deposit term as this gets the monthly payments down to a manageable level looking at. mileage limit is 8000 miles per year (32k over lease period) im also leasing an X5 and this is getting a tad expensive hence me looking at longer leases than most people do.
best quote ive got is £646.73 plus VAT per month for 47 months with an initial first month payment of £3880 plus vat. that's fully maintained, road tax, service, tyres, brakes, MOT and also includes out of warranty repairs in year 4
there is a cheaper quote which i was tempted with from a dealer in Edinburgh. that's a quote from the BMW financial services contract hire system (different to Alphabet)
That one came in at £504.78 plus VAT per month for 47 months with initial payment of £3028.68
weighing it up the Scottish quote is a lot cheaper especially when you add up the total spend difference in the two over the 4 years however that doesn't cover any of the maintenance benefits of the other quotes. i don't think there will be a huge amount in it when i think about the cost of brakes tyres, service tax etc.. plus this option would leave me wide open for repair bills in the case of year 4 non warranty driving.
Interested to hear how a business lease works out cheaper after you factor in the BIK? I've spent a long time looking into similar (for a 6 Gran Coupe) and the BIK made it completely unrealistic.Basically there are two options. Its a business lease im doing so comes up cheaper than a personal lease.
The main one most dealers have quoted is from their "alphabet" lease system. in looking at 4 year lease with 6 payment deposit term as this gets the monthly payments down to a manageable level looking at. mileage limit is 8000 miles per year (32k over lease period) im also leasing an X5 and this is getting a tad expensive hence me looking at longer leases than most people do.
best quote ive got is £646.73 plus VAT per month for 47 months with an initial first month payment of £3880 plus vat. that's fully maintained, road tax, service, tyres, brakes, MOT and also includes out of warranty repairs in year 4
there is a cheaper quote which i was tempted with from a dealer in Edinburgh. that's a quote from the BMW financial services contract hire system (different to Alphabet)
That one came in at £504.78 plus VAT per month for 47 months with initial payment of £3028.68
weighing it up the Scottish quote is a lot cheaper especially when you add up the total spend difference in the two over the 4 years however that doesn't cover any of the maintenance benefits of the other quotes. i don't think there will be a huge amount in it when i think about the cost of brakes tyres, service tax etc.. plus this option would leave me wide open for repair bills in the case of year 4 non warranty driving.
5678 said:
Interested to hear how a business lease works out cheaper after you factor in the BIK? I've spent a long time looking into similar (for a 6 Gran Coupe) and the BIK made it completely unrealistic.
you are correct, BIK totally buggers you up. the solution is not to put it through the business as a company car. just pay it yourself through your income/dividends etc. i own the business so can do it that way if you work for a larger company and are doing it as a company car in the usual terms then you are correct the BIK makes it a non option.All BMW care about is that the business is paying the lease bill and its in the company name (usually with a personal guarantee attached). ive looked at PCP options etc and the cost goes way up.
jimbooo said:
you are correct, BIK totally buggers you up. the solution is not to put it through the business as a company car. just pay it yourself through your income/dividends etc. i own the business so can do it that way if you work for a larger company and are doing it as a company car in the usual terms then you are correct the BIK makes it a non option.
All BMW care about is that the business is paying the lease bill and its in the company name (usually with a personal guarantee attached). ive looked at PCP options etc and the cost goes way up.
So do you use the directors loan account to cover off the loan payment? I looked into this but everything I found seemed to suggest that a BIK would still be liable.All BMW care about is that the business is paying the lease bill and its in the company name (usually with a personal guarantee attached). ive looked at PCP options etc and the cost goes way up.
When I spoke to BMW there was no option to pay the lease from a personal account.
5678 said:
So do you use the directors loan account to cover off the loan payment? I looked into this but everything I found seemed to suggest that a BIK would still be liable.
When I spoke to BMW there was no option to pay the lease from a personal account.
yes the payments go on my directors loan account then get paid off when i clear the account. as far as the accounts are concerned its not a company car im just taking a directors loan which is fine as long as you can pay it off with dividends etc. obviously if you have an outstanding directors loan when you do your year end accounts you will have issues and get fines the equivalent of the income tax of the outstanding loan.When I spoke to BMW there was no option to pay the lease from a personal account.
its not perfect as this year the dividend amount has dropped but still bearing in mind if i did it as a pcp i would still have to draw that money from the business there is no difference in the form of payment for me whether its personal lease or business - everythings from the business as you can imagine hence i may as well call it a business lease for BMW's sake and benefit from the big reduction in monthly lease cost over a PCP option.
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