How to fund an M140i

[Shotgun Jon]

Evening everyone

Got a few questions and was interested in your opinions basically.

Had a M135i few years back, loved it, anyway it went (and a what a sad day that was) and at the time there was nothing decent around to lease so i bought a mkv R32. Lovely car but now looking to get into a m140i......so, the question is how?

Reckon i'd get 7k for the R32 of which i owe nothing on it. Now, ive seen TRL's deals and basically i want an Alpine white three door auto with heated seats, sunglass protection and the driver comfort pack (that's cruise and rear parking sensors right) Price wise that's coming our at £2k and £315 pcm. GMFV is about £14.5k.

Now, considering i'm looking to keep the car i looked at buying out right. via coast to coast the car is coming in at £26.5k. I can put 7k in and borrow 19k. On an unsecured loan over 48 months (same period as pcp) payments are £400 pcm at 3.2% but at the end i'll own the car as oppose to having a balloon payment to make.

Also, the second hand values for the M135i seem to be hanging in there making buying seem even more sensible?

Just wonder what others did and what opinions you had?

Thanks in advance.

Jonto

Edited by Shotgun Jon on Wednesday 5th October 22:10

[Shotgun Jon]

HJMS123 said:

I think you should wait until the new year to buy the M140i so you can sell me your R32

In all seriousness .... bank loan is the way to go imo

Decided to go with the bank loan option. Like people have pointed out it's the cheapest and offers the most flexibility.

Loan wise Nationalwide, sainsaburys, Tesco etc all offer 3.2/3.3 percent Apr.

Factory order car is looking like Jan 17 so if you are actually interested in my R32 let me know. It's a silver five door manual in the cheap tax bracket. 55plate.

Thanks
Jonathan. .