£5k down and 24 months of £442...

[AB]

For a 10 plate fully spec'd 635d Sport Edition Convertible...

Seems fantastic value for what is an £80k car???

£15k for 2 years. £7.5k a year. Including servicing. It'll depreciate much more than that.

Been into the dealership today and crunched the figures, apparently BMW just want rid. They have sold 24 in 2 says and have 7 left, just the 1 convertible.

(Yes, I know, diesel, convertible, swore I never would)

Edited by AB on Friday 26th March 15:59

[Irish]

For £15k I'd prefer to own my motor and save for a retirement. Crazy I know.

[jdw1234]

AB said:

For a 10 plate fully spec'd 635d Sport Edition Convertible...

Seems fantastic value for what is an £80k car???

£15k for 2 years. £7.5k a year. Including servicing. It'll depreciate much more than that.

Been into the dealership today and crunched the figures, apparently BMW just want rid. They have sold 24 in 2 says and have 7 left, just the 1 convertible.

(Yes, I know, diesel, convertible, swore I never would)

Edited by AB on Friday 26th March 15:59

That actually makes sense.

Also, you don't have the pain of dealing with private buyers afterwards. This is worth the £15k alone.

[daemon]

Irish said:

For £15k I'd prefer to own my motor and save for a retirement. Crazy I know.

Maybe the O/P is doing that already? Maybe the O/P's budget is an £80K car, not a £15K one? I think it would be wrong to judge the O/P based on your own circumstances.

But if you were buying an £80K 635d, i'd say you'd struggle to get anywhere near £65K for it after 2 years, so this deal looks very appealing.

I guess thats why its important to think outside the box.

Edited by daemon on Friday 26th March 16:11

[st_files]

AB said:

For a 10 plate fully spec'd 635d Sport Edition Convertible...

Seems fantastic value for what is an £80k car???

£15k for 2 years. £7.5k a year. Including servicing. It'll depreciate much more than that.

Been into the dealership today and crunched the figures, apparently BMW just want rid. They have sold 24 in 2 says and have 7 left, just the 1 convertible.

(Yes, I know, diesel, convertible, swore I never would)

Edited by AB on Friday 26th March 15:59

So what happens at the end of 24 months?

[Zip106]

Is that it - no balloon payment at the end or is it just a lease deal?
Any mileage limitations?
Genuine questions.

[N88]

You give it back?

[daemon]

Zip106 said:

Is that it - no balloon payment at the end or is it just a lease deal?
Any mileage limitations?
Genuine questions.

You either hand it back, with nothing further to pay, pay the balloon payment or trade the car in against another and use any 'equity' to your advantage (there wont be any on this deal)

You would ultimately just hand it back

[Zip106]

I don't suppose they'd let you do 20k miles a year in it?

[st_files]

daemon said:

Irish said:

For £15k I'd prefer to own my motor and save for a retirement. Crazy I know.

Maybe the O/P is doing that already? Maybe the O/P's budget is an £80K car, not a £15K one? I think it would be wrong to judge the O/P based on your own circumstances.

But if you were buying an £80K 635d, i'd say you'd struggle to get anywhere near £65K for it after 2 years, so this deal looks very appealing.

I guess thats why its important to think outside the box.

Edited by daemon on Friday 26th March 16:11

I just do not see why anyone would buy a new car....crazy.

[KB_S1]

st_files said:

daemon said:

Irish said:

For £15k I'd prefer to own my motor and save for a retirement. Crazy I know.

Maybe the O/P is doing that already? Maybe the O/P's budget is an £80K car, not a £15K one? I think it would be wrong to judge the O/P based on your own circumstances.

But if you were buying an £80K 635d, i'd say you'd struggle to get anywhere near £65K for it after 2 years, so this deal looks very appealing.

I guess thats why its important to think outside the box.

Edited by daemon on Friday 26th March 16:11

I just do not see why anyone would buy a new car....crazy.

Someone has to or you won't be able to buy any 2nd hand cars.

[piquetuk]

But you would have to drive around in a 6 series!

[homerjay]

5k up front is a bit steep.

hmmm 5k on 2x 0% credit cards (1 each year)

adds £208 to the 442 per month.

so £650 for an 80k car.

now thats tempting!!!



which dealer?

Edited by homerjay on Friday 26th March 16:34

[sleep envy]

AB said:

For a 10 plate fully spec'd 635d Sport Edition Convertible...

Seems fantastic value for what is an £80k car???

£80k??

eek!

[croyde]

I bought a Landy D3 new for £32K and sold it 3 and a bit years later for £10K (badly keyed) so that seems a hell of a bargain if you only want to keep the car a short time.

[MrLou]

homerjay said:

5k up front is a bit steep.

hmmm 5k on 2 0% credit card (1 each year)

adds £208 to the 442 per month.

so £650 for an 80k car.

now thats tempting!!!

If the car wasn't 80k, but say 60, would it be so tempting? My feeling is the list price is inflated.

But, it's surely better than buying it outright!

[bazking69]

£80k for a 635 says it all, no matter the spec or how you dress it. No wonder they are offering stonking deals to shift them...

I see the appeal though, as frankly such a car is worth £65k within 2 weeks of leaving the forecourt.

[AB]

The way I see it is that if you pay cash for a £35k car, 2 years down the line if you get £20k for it then you've done well. So why not drive an £80k car? With included servicing for your £15k over 2 years?

Of course, spend £10k on a car and you will never lose £15k but then you're driving an £80k car... so it's not a comparison.

You hand it back after the 2 years and it originally quoted 8k miles per annum, they said they would do 10k and I upped them to 12k miles p.a to which they replied they would be disappointed if they couldnt do it.

[homerjay]

MrLou said:

homerjay said:

5k up front is a bit steep.

hmmm 5k on 2 0% credit card (1 each year)

adds £208 to the 442 per month.

so £650 for an 80k car.

now thats tempting!!!

If the car wasn't 80k, but say 60, would it be so tempting? My feeling is the list price is inflated.

But, it's surely better than buying it outright!

very true, but if the list is 80k a standard pcp would be about £1600 per month (working on an average of £100 for every 5k)

[daemon]

st_files said:

daemon said:

Irish said:

For £15k I'd prefer to own my motor and save for a retirement. Crazy I know.

Maybe the O/P is doing that already? Maybe the O/P's budget is an £80K car, not a £15K one? I think it would be wrong to judge the O/P based on your own circumstances.

But if you were buying an £80K 635d, i'd say you'd struggle to get anywhere near £65K for it after 2 years, so this deal looks very appealing.

I guess thats why its important to think outside the box.

Edited by daemon on Friday 26th March 16:11

I just do not see why anyone would buy a new car....crazy.

If you had the money, why not?

It would probably cost you more in depreciation to buy a second hand one.

Just because someone doesn't share your ethos or personal circumstances doesn't make them 'crazy' btw.