Discounts on new M3/M4?

[Burwood]

Why will it be worth more than 27.5? Call a dealer or Waac with a 14 plate. It’s about 27k and the new model will be out so I’d guess 25k.

[as7920]

Burwood said:

Why will it be worth more than 27.5? Call a dealer or Waac with a 14 plate. It’s about 27k and the new model will be out so I’d guess 25k.

Thats not very encouraging. Thought BMW were a little pessimistic with GFV?

[MJ17]

Burwood said:

Frankly that deal sucks. You’ve been sold in a monthly payment. 37k for 4 years. It matters not what the GFV is, it will be zero equity. The questions I would be asking include, R.I.P. and net price. I’d guess the gfv is low. 24,500?

Could you give me a little more info (usually buy second hand <45K mls and slap the BMW insured warranty on them). What am i looking for in your statements above to bring to the negotiating table?

I dont have GFV numbers, Net Price can be calculated i guess once i get balloon payment minus payments + deposit as it's 0%.

You're right, I wanted a sensible monthly with a deposit value that roughly matched my current car PX... Happy to take advice as i've never dealt with BMW new car sales before.

-MJ

[MJ17]

Little Lofty said:

The 0% is good if your keeping it 3 or 4 years as you will save £6/7k in interest. If only keeping it a year or so the lack of big discount will cost you a lot as these cars are only worth high £40k after a year. If you could get the old discounts of 16/17% and 0% finance then that would be a great deal.

I'd be keeping this until at least the legal "throw it back" break period, which is about 3 yrs in i believe when half the value has been paid off, probably the full term.

[MJ17]

as7920 said:

What's your GFV?

I'm looking at M3 CP DCT and getting 10% off list, £8k in, 8k miles pa and £549 per month. So yours seems similar to mine.

Hey as7920, could you give me the OTR value of the car you've been quoted? If it's close to mine with only 8k vs 11k in, that seems like a better deal!


-MJ

[MJ17]

Little Lofty said:

The 0% is good if your keeping it 3 or 4 years as you will save £6/7k in interest. If only keeping it a year or so the lack of big discount will cost you a lot as these cars are only worth high £40k after a year. If you could get the old discounts of 16/17% and 0% finance then that would be a great deal.

Thanks for the advice, Would the discount upfront affect the dealers FMV after the PCP period (AKA, could they discount more, but at the same time decide that the FMV was lower, basically zeroing out any gains from the up front discount?)

-MJ

[as7920]

MJ17 said:

Hey as7920, could you give me the OTR value of the car you've been quoted? If it's close to mine with only 8k vs 11k in, that seems like a better deal!


-MJ

£68.3k

[Little Lofty]

MJ17 said:

Thanks for the advice, Would the discount upfront affect the dealers FMV after the PCP period (AKA, could they discount more, but at the same time decide that the FMV was lower, basically zeroing out any gains from the up front discount?)

-MJ

The future values are set by BMW, after that the market decides what it's worth not the dealer so the discount you get has no effect. What I would say to anyone using 0% is don't be putting in £10/11k deposit as your borrowing money for free, you might as well stick that money in the bank and draw off it for the extra monthly, even if you only get 1% it's better than giving it to BMW. I'd happily borrow a million quid off them if they gave it to me for free

[Stu-nph26]

TRL were offering this a few days ago on a stock car but it's sold now but he might have more:

M4 Competition Pack Coupe,
Mineral White
Black extended Leather
M-DCT
Black 20" Star Spoke Alloys
Reverse Assist Camera
Comfort Access
Carbon Fibre dash trims
Sun Pro Glass
Extended Storage
Adaptive LEDs
Surround View Camera
M Head Up Display
HK Sound
Speed Limit Display

List price is £69,580 OTR

Our Price for Cash £59,495

Or if you take out BMW finance £58,495.

Typical PCP example.
Customer deposit £8495
Borrow £50,000
Then payments of 47 x £649
plus Final Payment £28,205.
based on 8000 miles pa
APR 5.9%

[tenmantaylor]

Dick Lovett BMW are offering 0% finance on M3 and M4 at the minute. Could be considered a discount.

[as7920]

Stu-nph26 said:

TRL were offering this a few days ago on a stock car but it's sold now but he might have more:

M4 Competition Pack Coupe,
Mineral White
Black extended Leather
M-DCT
Black 20" Star Spoke Alloys
Reverse Assist Camera
Comfort Access
Carbon Fibre dash trims
Sun Pro Glass
Extended Storage
Adaptive LEDs
Surround View Camera
M Head Up Display
HK Sound
Speed Limit Display

List price is £69,580 OTR

Our Price for Cash £59,495

Or if you take out BMW finance £58,495.

Typical PCP example.
Customer deposit £8495
Borrow £50,000
Then payments of 47 x £649
plus Final Payment £28,205.
based on 8000 miles pa
APR 5.9%

That's a good discount and roughly £2k cheaper over the 4 years than my 0% but requires a larger initial outlay up front

[Stu-nph26]

as7920 said:

That's a good discount and roughly £2k cheaper over the 4 years than my 0% but requires a larger initial outlay up front

This was prior to the 0% offers if you email him I'm sure he'll look after you.

Here the thread on babybmw

http://www.babybmw.net/forum/viewtopic.php?f=80&am...

[as7920]

Stu-nph26 said:

This was prior to the 0% offers if you email him I'm sure he'll look after you.

Here the thread on babybmw

http://www.babybmw.net/forum/viewtopic.php?f=80&am...

Yes it is an old offer as I now know.

[Burwood]

MJ17 said:

Burwood said:

Frankly that deal sucks. You’ve been sold in a monthly payment. 37k for 4 years. It matters not what the GFV is, it will be zero equity. The questions I would be asking include, R.I.P. and net price. I’d guess the gfv is low. 24,500?

Could you give me a little more info (usually buy second hand <45K mls and slap the BMW insured warranty on them). What am i looking for in your statements above to bring to the negotiating table?

I dont have GFV numbers, Net Price can be calculated i guess once i get balloon payment minus payments + deposit as it's 0%.

You're right, I wanted a sensible monthly with a deposit value that roughly matched my current car PX... Happy to take advice as i've never dealt with BMW new car sales before.

-MJ

I'm not suggesting you can negotiate a better deal. I'm simply saying, in my opinion it's not a great deal. I will concede that your deposit is rather low which spikes the instalments. 4 year old M3 at the end though and out of warranty. I appreciate also that the want factor is high for you.

[rsdene]

Evening does anyone know if there’s a better deal around at the moment?
M3 Saloon Competition Package with optional M DCT Auto
Monthly Payment £588.00
Term of Agreement 48 months
Annual Mileage 8,000 miles
Customer Deposit £4,998.00
Deposit contribution £6,446.99
Total Deposit £11,444.99
On the road cash price* £64,225.00
Total Amount of credit £52,780.01
Rate of interest (fixed) 0.45%
Option to purchase fee^ £1.00
Optional final payment^ £26,536.86
Total amount payable £65,618.85
APR 0.9% APR

Seems like a good deal, helped by the great interest, thanks

[RobMGti]

That APR through BMW? Seems exceptionally good that!

[rsdene]

RobMGti said:

That APR through BMW? Seems exceptionally good that!

C
Yeah it’s a Peter Vardy deal on there website
http://www.petervardybmw.co.uk/cars/bmw-m/m3-saloo...

[PorkInsider]

Unless I’m mistaken, the 0.9% apr is for cars reg’d before the end of the year, only.

It’s not a bad deal but you’d possibly do better on a pre-reg if you can find one in time (I believe you can still get the 0.9% on pre-reg but delivery mileage cars).

[cosworth330]

The problem I had when I was considering new was once you started adding optional extras it started getting a little expensive. CP & DCT are the only options on that deal. If you don’t mind not having any other options then it’s not an issue but it’s a very basic car.

[PorkInsider]

cosworth330 said:

The problem I had when I was considering new was once you started adding optional extras it started getting a little expensive. CP & DCT are the only options on that deal. If you don’t mind not having any other options then it’s not an issue but it’s a very basic car.

This is true.

Mine is relatively modestly spec’d but still just shy of £70k list price with the ‘essential’ options.