Hello!! Your thoughts please!

[csmith319]

You mentioned wanting some equity at the end of the deal, with the choices above you may not get any, as that's really how PCP works, guaranteed future value, so you stump up some deposit pay interest on the whole sum you borrow but only pay back what's being depreciated. If the car is worth more at the end than the GFV then you may own some equity buy you'll still owe the GFV.

(I know you'll understand this, but I'm getting to my point!)

You've got a decent amount of deposit and am happy to pay a scent amount a month. I would (an have in your situation) taken a simple loan at a low APR and added it to the deposit or go HP. It means a slightly cheaper car but you would own it outright at the end of te term. You could easily get yourself into an E90 M3 (saloon or coupe) with from BMW with a warranty. Personally I would prefer one of those to an M5 anyway, smaller, lighter and more fun to drive, and more than powerful enough. Will likely be no hassle to own.

Otherwise, all the cars you're looking at would be great! Sure I'll be shot down on this!

[mjw0321]

csmith319 said:

You mentioned wanting some equity at the end of the deal, with the choices above you may not get any, as that's really how PCP works, guaranteed future value, so you stump up some deposit pay interest on the whole sum you borrow but only pay back what's being depreciated. If the car is worth more at the end than the GFV then you may own some equity buy you'll still owe the GFV.

(I know you'll understand this, but I'm getting to my point!)

You've got a decent amount of deposit and am happy to pay a scent amount a month. I would (an have in your situation) taken a simple loan at a low APR and added it to the deposit or go HP. It means a slightly cheaper car but you would own it outright at the end of te term. You could easily get yourself into an E90 M3 (saloon or coupe) with from BMW with a warranty. Personally I would prefer one of those to an M5 anyway, smaller, lighter and more fun to drive, and more than powerful enough. Will likely be no hassle to own.

Otherwise, all the cars you're looking at would be great! Sure I'll be shot down on this!

Yeah, this is certainly a valid option. A 3 year old c63 or xfr from merc or jag can be had for around £30k. So a £23k loan would have to be taken out over 4 years (with repayments of around £550 a month). However if I had a 3 year old car I wouldn't really want to keep it more than 3 years, so I would have to hope that after 3 years, the car is worth enough to clear the remaining balance and leave some equity.

I thought bmw tried to build in 10-15% equity on their pcp deals (that is what I read somewhere on here)? And worse case scenario, I could get together another few thousand for a deposit within 4 years, although yes ideally I would like to have some equity at the end.

[JG93]

Not sure what engine your focus or 95 were but I'd personally go for a hot hatch before diving into a few of those on your list

[mjw0321]

JG93 said:

Not sure what engine your focus or 95 were but I'd personally go for a hot hatch before diving into a few of those on your list

The 9'5 is 260bhp and in-gear acceleration is up there with a bmw 330i (ish). I don't see the need to go for a hot hatch as I would just want something more special right away, especially knowing I can afford it.

[csmith319]

mjw0321 said:

Yeah, this is certainly a valid option. A 3 year old c63 or xfr from merc or jag can be had for around £30k. So a £23k loan would have to be taken out over 4 years (with repayments of around £550 a month). However if I had a 3 year old car I wouldn't really want to keep it more than 3 years, so I would have to hope that after 3 years, the car is worth enough to clear the remaining balance and leave some equity.

I thought bmw tried to build in 10-15% equity on their pcp deals (that is what I read somewhere on here)? And worse case scenario, I could get together another few thousand for a deposit within 4 years, although yes ideally I would like to have some equity at the end.

I think you can only realise that equity in reality against another BMW, otherwise you'll get a trade price valuation at the GFV. I'm not massively experienced though as I've only done a PCP deal a couple of times before switching away from them. If you were happy with a £30k M3 or C63 then after 3 year you'll have a massive amount more equity than if you buy any car at twice the cost but the same deposit and monthly payments. That end of the market you're not really compromising that much either.

Whichever way you're looking at some great cars so you won't go wrong with what you choose. I've got a bit of a thing for E90 M3s at the moment though! Last of a breed an all hose cliches.