BMW M140i

[rasto]

FlabbyMidgets said:

Call Berry bmw Heathrow, and ask for Tony Lewis. He is the man when it comes to the M140i, no haggling, just his best price.

I'm not Tony btw

The only problem is he has run out of cars, I would have gone with him (best price and forum recomendation) but he can't take any orders at the moment.

[ColinMacC]

rasto said:

The only problem is he has run out of cars, I would have gone with him (best price and forum recomendation) but he can't take any orders at the moment.

There are plenty of cars in dealer network avaiolable. I think it depends on who needs sales to hit their quarterly sales at this stage

[OddCat]

rasto said:

Have just ordered one of these myself on PCP, the first time I've bought a car this way but I tend to keep my cars for a while so will be looking to pay the final figure after 4 years and will most certainly be treating the car as 'mine' for the next 4 years.

I've gone for quite a few options and managed to get £8500 off, so am paying £215 a month for 48 months with a 10k deposit.

The best offer I could get was £210 a month from drive the deal, but I chose to buy from my local dealer as I will be using them for any servicing.

....and the final figure payable is....???

[Alucidnation]

Surely, if you haggle for lower payments, they just increase the balloon to compensate?

[anonymous-user]

It's the cash price you're funding and interest rate. Give or take it's rpughly £20 per thousand per month on your finance.

We know you can get circa 20-25% discount on an M140.

As long as you get a cash price to finance that's reflective of that, with a reasonable finance rate, is it really worth spending so much time ringing around to get a couple of quid a month in supposed savings?

Buy the car and enjoy it, I did mine. Oh, and spec the pro nav/Harman Kardon, as there is a big difference from the standard systems on both.

[toon10]

The deal looks about right. I have an M135i. I put £3600 down on 8k per year mileage. Car has heated leather, auto, service pack and a couple of other options. Specced up to about £33k. By the time they's put in the discounts (which I compared on Coast2coast) I'm paying £333 per month. Possibly better deals out there but I'm happy with it. My only regret is not getting HK.

As for running costs. I've had mine 15 months and I'm getting 25mpg (over 9000 miles). It's only ever had V Power fuel so factor that in. I've not had to replace any tyres/brakes or had other costs yet apart from 1 litre of oil.

[Jonno02]

Shore said:

Your paying for it but don't have much to show when the lease is up.

I know you're fishing, but I'll bite.

Our next door neighbour has bought a previous shape Tiguan R-Line, cash. We have just leased a brand new Tiguan SEL; which has a much higher spec than his R-Line. One night he dropped in conversation that he'll keep it for a couple more years until his son is a little older and he reckons the cost of ownership will be around the £280 p/m mark. Ours on lease will cost £306 p/m. His was bought on around 30k miles. I know which I'd rather have. I will never 'own' a depreciating asset like a car again. Obviously if you keep your car until the engine falls out, the subframe is purely rust and it can be considered a classic, then the above doesn't apply, but I have better uses of my time that being under an old car every other week fixing something as I have done in the past.

[anonymous-user]

There are finance deals out there that cost less than the depreciation losses on a new car.

If you intend to keep a car for 2-3 years and then trade it in, how clever is it to have bought it cash and then paid more in depreciation losses, than the next guy who leased it paid in payments over the same period?

[Toonshorty]

TRL's numbers seem to suggest you could get a similar spec for around that £327 mark but with only a £1700 deposit.

I'd try to speak to TRL and get some numbers, at the very least you can haggle the dealership to match that.

I reckon you should be able to knock another thousand off that deposit.

[donkmeister]

toon10 said:

It's only ever had V Power fuel so factor that in.

Does the 140i need or make use of the higher RON?

[rasto]

OddCat said:

rasto said:

Have just ordered one of these myself on PCP, the first time I've bought a car this way but I tend to keep my cars for a while so will be looking to pay the final figure after 4 years and will most certainly be treating the car as 'mine' for the next 4 years.

I've gone for quite a few options and managed to get £8500 off, so am paying £215 a month for 48 months with a 10k deposit.

The best offer I could get was £210 a month from drive the deal, but I chose to buy from my local dealer as I will be using them for any servicing.

....and the final figure payable is....???

14k

[nickfrog]

Jonno02 said:

I know you're fishing, but I'll bite.

Our next door neighbour has bought a previous shape Tiguan R-Line, cash. We have just leased a brand new Tiguan SEL; which has a much higher spec than his R-Line. One night he dropped in conversation that he'll keep it for a couple more years until his son is a little older and he reckons the cost of ownership will be around the £280 p/m mark. Ours on lease will cost £306 p/m. His was bought on around 30k miles. I know which I'd rather have. I will never 'own' a depreciating asset like a car again. Obviously if you keep your car until the engine falls out, the subframe is purely rust and it can be considered a classic, then the above doesn't apply, but I have better uses of my time that being under an old car every other week fixing something as I have done in the past.

While I agree with you on the whole the fact that it's a depreciating asset is not relevant - we know leasing on our Tiguan worked out cheaper than depreciation from new even when bought at max discount and sold privately but for some cars that doesn't work - the M140i is one of them. Cheaper to own them, if you can, considering both the discounts and the slow depreciation, which is counter-intuitive but is real. I lost £200 / month over 13 months from new on the LCI M135i which is not even offset by the opportunity cost on the £25k compared to lease / pcp. The market is a bit odd on those and any pre-conception can prove costly, which applies to all cars / finance methods actually.

Edited by nickfrog on Thursday 29th June 14:57

[OddCat]

rasto said:

OddCat said:

rasto said:

Have just ordered one of these myself on PCP, the first time I've bought a car this way but I tend to keep my cars for a while so will be looking to pay the final figure after 4 years and will most certainly be treating the car as 'mine' for the next 4 years.

I've gone for quite a few options and managed to get £8500 off, so am paying £215 a month for 48 months with a 10k deposit.

The best offer I could get was £210 a month from drive the deal, but I chose to buy from my local dealer as I will be using them for any servicing.

....and the final figure payable is....???

14k

Hmmm. So you pay just over £34k in total and you own it in 4 years time. I don't know much about M140 prices but that sounds like a reasonable deal unless I'm missing something.

[Jonno02]

nickfrog said:

While I agree with you on the whole the fact that it's a depreciating asset is not relevant - we know leasing on our Tiguan worked out cheaper than depreciation from new even when bought at max discount and sold privately but for some cars that doesn't work - the M140i is one of them. Cheaper to own them, if you can, considering both the discounts and the slow depreciation, which is counter-intuitive but is real. I lost £200 / month over 13 months from new on the LCI M135i which is not even offset by the opportunity cost on the £25k compared to lease / pcp. The market is a bit odd on those and any pre-conception can prove costly, which applies to all cars / finance methods actually.

Edited by nickfrog on Thursday 29th June 14:57

Of course, but his point was that people don't 'own' the car. Who would want to own it if it was cheaper to finance and get shot of it after a certain period? I would PCP/PCH/Buy any car if it's the cheapest route, but certain people on here are lease diehards or cash diehards. And that's all they'll use.

[nbetts]

Sometimes I buy my cars cash - sometimes I PCP/Lease them - I will post my experience with my last two BMW i3's

BMW i3 REX number 1
I bought the first BMW i3 REX in 2014 with options
£37k Retail Price April 2014
£5k off from the government

£32k paid cash

SOLD for £17.5k in September 2016

i3 number 1 cost me = £14.5k

BMW i3 REX number 2
Delivered September 2016
Fully loaded car with bigger battery/range and Leather and sunroof
Retail Price = £43k
£4.5k off from Government
£38.5k OTR
I leased it on a 6 payment deposit plus 24 monthly payment lease plan
Lease payment = £318.52

i3 number 2 will cost me = £9555.60

So 5k cheaper to 'have/own' the better i3 number 2 for me.

Edited by nbetts on Thursday 29th June 15:16

[red_slr]

Slightly OT but OP make sure you have good security the 140 is quite a desirable motor been a few stolen round here.

[Limpet]

I got the following deal last November (car delivered in March)

5dr auto with metallic paint, Harman Kardon (essential!), adaptive suspension, heated seats, privacy glass and Pro Media. Just over £37,500 at list.

£2,000 down
£394 a month
4 year deal with 15,000 miles per annum.

Optional final payment in the low £12ks (can't recall the exact figure).

If I decide to buy it at the end, I will have spent about £33k all in over the four years.

Fantastic car by the way. Highly recommended.

[nickfrog]

Jonno02 said:

Of course, but his point was that people don't 'own' the car. Who would want to own it if it was cheaper to finance and get shot of it after a certain period? I would PCP/PCH/Buy any car if it's the cheapest route, but certain people on here are lease diehards or cash diehards. And that's all they'll use.

I know. Personally I don't care if I own it or not, all I care about is to choose the cheapest method, having rationally taken account of all the parameters.

[Mandalore]

A. Buy outright with cash and average £A per month in depreciation when you sell it - VED extra.
B. Buy outright with a loan and average £B per month in depreciation and Interest - VED extra.
C. Buy with a PCP deal and and average £C per month in depreciation and Interest - VED extra.
D. Hire with a Lease deal and average £D per month in depreciation and interest - VED included.


for A&B, you can tell everyone you 'own' the car, but you'll never know how much its cost you, util you sell it.
For C you know up front how much it is going to cost you in advance & if you can afford it.
For D you know up front how much it is going to cost you in advance & if you can afford it.


D, will often work out cheaper than A, B & C, but you are locked in for the entire term.
So its definitely, not the best option for everyone (especially 'weekend millionaires' who will spend any cash windfall and then panic when a tax bill or holiday balance becomes due).

[User33678888]

http://www.halliwelljones.co.uk/bmw/offers/bmw-1-s...

This looks substantially cheaper. The examples don't have the service pack but save you £3600 on the deposit..