F90 M5 Competition
Discussion
Petrolsniffed said:
Terminator X said:
Could that just be because the estimated loss of the car over the period was 47%Have a look at PCP deals on different dealer websites. One coincidence does not create the rule
https://documentcloud.adobe.com/link/track?uri=urn...
TX.
Edit - Before the pedants jump in my original point was that the final payment is set close to the VT value to avoid people VT'ing their cars too early eg until almost all payments over the loan tern have been made.
Edited by Terminator X on Saturday 31st August 13:33
My current RS3 is £39,700 borrowed and GFV of £25,246. I put down a large deposit. My previous RS6 was similar percentage but 2x these figures.
I have just confirmed a deal on an M5 and the total borrowed is £59,562 with a GFV of £40800. Again, I am putting down a large deposit.
For those of interested the deal is as follows:
Total OTR cost £101,365 (includes Avus blue individual paint, comfort pack, driver assistance plus, and a few other bits.)
Dealer contribution of £28,802
Finance contribution of £5,000
Total contribution/discount of £33,802.
The dealer was very keen to sell this vehicle and apparently required group director approval as it was sold at a small loss. I am not sure how much truth is in this but I don't care as I have a deal that suits me. I couldn't justify the extra £250-300 per month needed for a comp model.
I will ask the dealer if they are happy for me to supply their details but I expect this is a one-off as they were very keen to sell this vehicle from their own showroom/stock.
There are a few here https://www.inchcape.co.uk/bmw/offers/bmw-new-m-se... with £30k - 31.7K discounts.
I have just confirmed a deal on an M5 and the total borrowed is £59,562 with a GFV of £40800. Again, I am putting down a large deposit.
For those of interested the deal is as follows:
Total OTR cost £101,365 (includes Avus blue individual paint, comfort pack, driver assistance plus, and a few other bits.)
Dealer contribution of £28,802
Finance contribution of £5,000
Total contribution/discount of £33,802.
The dealer was very keen to sell this vehicle and apparently required group director approval as it was sold at a small loss. I am not sure how much truth is in this but I don't care as I have a deal that suits me. I couldn't justify the extra £250-300 per month needed for a comp model.
I will ask the dealer if they are happy for me to supply their details but I expect this is a one-off as they were very keen to sell this vehicle from their own showroom/stock.
There are a few here https://www.inchcape.co.uk/bmw/offers/bmw-new-m-se... with £30k - 31.7K discounts.
PowerEnhancer said:
I have just confirmed a deal on an M5 and the total borrowed is £59,562 with a GFV of £40800. Again, I am putting down a large deposit.
For those of interested the deal is as follows:
Total OTR cost £101,365 (includes Avus blue individual paint, comfort pack, driver assistance plus, and a few other bits.)
Dealer contribution of £28,802
Finance contribution of £5,000
Total contribution/discount of £33,802.
A discount of £33,802 would work out at For those of interested the deal is as follows:
Total OTR cost £101,365 (includes Avus blue individual paint, comfort pack, driver assistance plus, and a few other bits.)
Dealer contribution of £28,802
Finance contribution of £5,000
Total contribution/discount of £33,802.
£10K BMW chassis contribution
£5k Finance contribution
and £18,802 from the dealer.
There were 50 odd M5s left a week ago....the ones that are left tend to have quite a bit of spec, making them more expensive to buy.
Still a great deal, I bought mine on HP at the same apr as PCP.
Shame you can't get the same contributions on BMW "Divide".
Also I don't think those Inchcape cars have a deposit contribution of £30k more £26K to £26.5
Edited by Max Maxasson on Saturday 31st August 17:49
Max Maxasson said:
PowerEnhancer said:
I have just confirmed a deal on an M5 and the total borrowed is £59,562 with a GFV of £40800. Again, I am putting down a large deposit.
For those of interested the deal is as follows:
Total OTR cost £101,365 (includes Avus blue individual paint, comfort pack, driver assistance plus, and a few other bits.)
Dealer contribution of £28,802
Finance contribution of £5,000
Total contribution/discount of £33,802.
A discount of £33,802 would work out at For those of interested the deal is as follows:
Total OTR cost £101,365 (includes Avus blue individual paint, comfort pack, driver assistance plus, and a few other bits.)
Dealer contribution of £28,802
Finance contribution of £5,000
Total contribution/discount of £33,802.
£10K BMW chassis contribution
£5k Finance contribution
and £18,802 from the dealer.
There were 50 odd M5s left a week ago....the ones that are left tend to have quite a bit of spec, making them more expensive to buy.
Still a great deal, I bought mine on HP at the same apr as PCP.
Shame you can't get the same contributions on BMW "Divide".
Also I don't think those Inchcape cars have a deposit contribution of £30k more £26K to £26.5
Edited by Max Maxasson on Saturday 31st August 17:49
PowerEnhancer said:
Firestick said:
These differ so much - how long is the term?
3 YearPowerEnhancer said:
Need to add the 5K finance contribution onto those discounts for those using BMW PCP. This brings the total discount to £30k +
As posted above, I got £21k plus £5k, so £26k in contributions.Then the additional already fitted spec items were £7,800 at cost, discounted to £1,920, so another £6k, totalling £32k all in.
I started the hunt with the only specifics of body colour and leather. The problem was, in my choices, the cars were high spec, so, as said, the prices went up. I stood firm on the deal I wanted and eventually I secured a car with a greater specification than had I ordered it from the factory.
Superb deal in my opinion and I collect it week after next.
Firestick said:
PowerEnhancer said:
Firestick said:
These differ so much - how long is the term?
3 YearPowerEnhancer said:
Need to add the 5K finance contribution onto those discounts for those using BMW PCP. This brings the total discount to £30k +
As posted above, I got £21k plus £5k, so £26k in contributions.Then the additional already fitted spec items were £7,800 at cost, discounted to £1,920, so another £6k, totalling £32k all in.
I started the hunt with the only specifics of body colour and leather. The problem was, in my choices, the cars were high spec, so, as said, the prices went up. I stood firm on the deal I wanted and eventually I secured a car with a greater specification than had I ordered it from the factory.
Superb deal in my opinion and I collect it week after next.
Mine has a £4,800 individual paint option that I wasn't willing to pay for hence the additional discount.
PowerEnhancer said:
Nice. That is a good deal! I had the same issue with spec. Some had the B&W, rear seat entertainment etc. but missed more popular options like the sports exhaust and comfort pack.
Mine has a £4,800 individual paint option that I wasn't willing to pay for hence the additional discount.
100% agree.Mine has a £4,800 individual paint option that I wasn't willing to pay for hence the additional discount.
I got the colour and leather combination I wanted. Plus I think I was one of the early buyers, meaning perhaps a greater choice.
My 'I won't pay for that' were the Bower & Wilkins and Apple CarPlay, but got sports exhaust, comfort pack, carbon trim, m seat belts and driving assistant plus, which would have formed part of a factory order for me.
The dealer didn't push me to take the car in August either, which was another condition, as I'm keeping it, so wanted the 69 plate.
Edited by Firestick on Saturday 31st August 19:00
PowerEnhancer said:
Need to add the 5K finance contribution onto those discounts for those using BMW PCP. This brings the total discount to £30k +
I'm not sure thats correct....according to the BMW documentation...its £15K plus the dealer margin.So around £27K would still leave the dealer a few % to play with.
As has been mentioned I think the extra discount is coming from dealers being allowed to write down or write off the cost of unwanted optional extras.
I thought it was bit odd that the finance guys laptop only showed an OTR price that included the (must have) comfort pack when the car I was interested in came with a load of other extras (>£3K worth).
As I noted the remaining unsold cars do have options that a lot of folk won't want....which would make the deal more expensive. So being able to exclude their cost makes good sense.
Max Maxasson said:
PowerEnhancer said:
Need to add the 5K finance contribution onto those discounts for those using BMW PCP. This brings the total discount to £30k +
I'm not sure thats correct....according to the BMW documentation...its £15K plus the dealer margin.So around £27K would still leave the dealer a few % to play with.
As has been mentioned I think the extra discount is coming from dealers being allowed to write down or write off the cost of unwanted optional extras.
I thought it was bit odd that the finance guys laptop only showed an OTR price that included the (must have) comfort pack when the car I was interested in came with a load of other extras (>£3K worth).
As I noted the remaining unsold cars do have options that a lot of folk won't want....which would make the deal more expensive. So being able to exclude their cost makes good sense.
My local Norwich dealer is Inchcape and they have confirmed. If you look at those offers more closely you will see that the total finance amount is exactly £5k less than the OTR price minus the deposit and contribution discount. Therefore, a £26k discounted offer is actually £31k when using BMW PCP as the preferred finance option.
Are some of the M5 deals on Inchcapes website a bit odd?
Car #1 is £91600 otr £2699 deposit plus 47x £769 = £38842 + £35701 gmfv total buy price £74543
Car #2 is £97935 otr £0 deposit plus 47 x £839 = £39433 + £36058 gmfv total buy price £75491
Car #2 has £6335 of options for total extra cost of £948
Car #1 is £91600 otr £2699 deposit plus 47x £769 = £38842 + £35701 gmfv total buy price £74543
Car #2 is £97935 otr £0 deposit plus 47 x £839 = £39433 + £36058 gmfv total buy price £75491
Car #2 has £6335 of options for total extra cost of £948
Max Maxasson said:
Are some of the M5 deals on Inchcapes website a bit odd?
Car #1 is £91600 otr £2699 deposit plus 47x £769 = £38842 + £35701 gmfv total buy price £74543
Car #2 is £97935 otr £0 deposit plus 47 x £839 = £39433 + £36058 gmfv total buy price £75491
Car #2 has £6335 of options for total extra cost of £948
Agreed.Car #1 is £91600 otr £2699 deposit plus 47x £769 = £38842 + £35701 gmfv total buy price £74543
Car #2 is £97935 otr £0 deposit plus 47 x £839 = £39433 + £36058 gmfv total buy price £75491
Car #2 has £6335 of options for total extra cost of £948
Plus, factor in zero deposit on car 2?!
Burwood said:
can't you get the 5 year service pack?
I think I was offered at close to £50 a month, so say £600 per year.With two year service intervals and my own low mileage, I will have to stump up running in, plus 1 x main service in the first two years, say £1k, which leaves me better off without the pack.
Years 2-4 will see me save without a plan.
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