BMW Finance Decline

[Derek 911]

crisp packet said:

Herbs said:

The big appeal of cars like the M3 is the fact they are user friendly, daily duty sports car - do you not think that you would want something a bit more raw for a weekend car?

Having the conundrum myself.

It's pretty 'eventful' with nearly 630bhp and the sound is incredible - a bit wasted on the commute. For really raw i've got a 540bhp integrale - caged, harnesses, anti-lag etc - own until I die sort of thing - quite special. I tend not to 'press on' much these days though so pace isn't for me what it is for some and I like driving more 'boring' stuff too - I try to see the upside in whatever i'm in. I love the passion people have for their cars - I wish there was more appreciation of that on PH. As roads get more congested, pot-holed and camera'd and cars become more in the way of a 'white good' we're probably a dying breed. Hope more people can fly the flag.

Are you running an F80 with 630 brake?

[crisp packet]

Derek 911 said:

Are you running an F80 with 630 brake?

E92 CS supercharged by Evolve, big AP Racing brakes, Eisemann exhaust and a few other things. Really great car - triple black so a bit 'under the radar' and because of the glorious noise it makes you don't feel like you have to go warp speed everywhere - unlike the GT-R!

As others have mentioned though everything's a compromise. I did buy an E36 M3 saloon the other week - old tech etc but it's such a lovely thing - and all potential tin worm sorted. Not properly quick by today's standards but not many seem to be out and about these days so feels quite special. I recently sold an E46 M3 Touring - was SMG but actually suited it. Great car. I had an E36 M3 Touring and E36 328i Touring together a while back - the M3 wasn't the best conversion and the 328 was a bit tweaked but the 328 was so much better to drive. Cost buttons to buy and run and sideways everywhere was easy - great fun. So I guess i'm a bit of a BMW fanboy too. Cars are getting a bit grown up these days!

[anonymous-user]

TheJimi said:

I'm defending him because you are being a complete and utter weapons-grade arsehat.

Indeed.

Or as he might put it if one extrapolates from his profile

“A bloke with two proper chavvy motors who lives in a sthole of a Medway town”

[Derek 911]

crisp packet said:

Derek 911 said:

Are you running an F80 with 630 brake?

E92 CS supercharged by Evolve, big AP Racing brakes, Eisemann exhaust and a few other things. Really great car - triple black so a bit 'under the radar' and because of the glorious noise it makes you don't feel like you have to go warp speed everywhere - unlike the GT-R!

As others have mentioned though everything's a compromise. I did buy an E36 M3 saloon the other week - old tech etc but it's such a lovely thing - and all potential tin worm sorted. Not properly quick by today's standards but not many seem to be out and about these days so feels quite special. I recently sold an E46 M3 Touring - was SMG but actually suited it. Great car. I had an E36 M3 Touring and E36 328i Touring together a while back - the M3 wasn't the best conversion and the 328 was a bit tweaked but the 328 was so much better to drive. Cost buttons to buy and run and sideways everywhere was easy - great fun. So I guess i'm a bit of a BMW fanboy too. Cars are getting a bit grown up these days!

Yeah mate don’t buy a 997 Carrera 2 then even the RWD is absolutely supreme levels of grip and traction compared to a bmw it’s just sublime in getting the power down & difficult to get tail happy action without feeling that you may be pushing it too far and may die some time soon.

I miss that about the classic bmw signature dish, the Porsche is almost too good it is a fantastic piece of engineering that’s a fact the Carrera 4’s must feel like they are cornering on rails.

[Derek 911]

Brooking10 said:

TheJimi said:

I'm defending him because you are being a complete and utter weapons-grade arsehat.

Indeed.

Or as he might put it if one extrapolates from his profile

“A bloke with two proper chavvy motors who lives in a sthole of a Medway town”

Haha when did a 911 become a chav mobile?
What exactly do you drive I could use a laugh tell us?

911 belongs more to the ‘grey poupon’ crowd than it ever would to chavs as has been mentioned I must be wanting to live like a playboy etc you’s all make up some amount of pish in your heads I would hate to live inside such tiny minds.

M3s chav mobile’s 😂😂 I would say it’s behind the times for chavs to want arguably dheads all drive Audi’s now Bm’s ain’t even that well received by that kind of market anymore so you maybe need to keep up with the times but then again your probably driving something that was built in 1982 & your wive’s handbag is worth more.

Here’s a cat
There’s a pigeon
Troll your worst or just bore off maybe be better

[anonymous-user]

Derek 911 said:

Brooking10 said:

TheJimi said:

I'm defending him because you are being a complete and utter weapons-grade arsehat.

Indeed.

Or as he might put it if one extrapolates from his profile

“A bloke with two proper chavvy motors who lives in a sthole of a Medway town”

Haha when did a 911 become a chav mobile?
What exactly do you drive I could use a laugh tell us?

911 belongs more to the ‘grey poupon’ crowd than it ever would to chavs as has been mentioned I must be wanting to live like a playboy etc you’s all make up some amount of pish in your heads I would hate to live inside such tiny minds.

M3s chav mobile’s ???? I would say it’s behind the times for chavs to want arguably dheads all drive Audi’s now Bm’s ain’t even that well received by that kind of market anymore so you maybe need to keep up with the times but then again your probably driving something that was built in 1982 & your wive’s handbag is worth more.

Here’s a cat
There’s a pigeon
Troll your worst or just bore off maybe be better

Derek you’ve made an error here mate.

I was agreeing with the guy I quoted who was defending you ........

My post was directed at the arse who was bleating on about council houses in Scotland and failing to comprehend you weren’t planning on keeping both cars.

You can see what people drive by checking their profiles..

Check his profile not yours for the chav chariots

And calm down, because you can’t see the wood for the trees right now !

Edited by anonymous-user on Wednesday 28th March 19:09

[NickCQ]

Derek 911 said:

Brooking10 said:

TheJimi said:

I'm defending him because you are being a complete and utter weapons-grade arsehat.

Indeed.
Or as he might put it if one extrapolates from his profile
“A bloke with two proper chavvy motors who lives in a sthole of a Medway town”

Haha when did a 911 become a chav mobile?
What exactly do you drive I could use a laugh tell us?

I think Brooking was talking about TwinExit who appears to be determined to keep this argument going long after everyone else has moved on with their lives.

[Derek 911]

Brooking10 said:

Derek 911 said:

Brooking10 said:

TheJimi said:

I'm defending him because you are being a complete and utter weapons-grade arsehat.

Indeed.

Or as he might put it if one extrapolates from his profile

“A bloke with two proper chavvy motors who lives in a sthole of a Medway town”

Haha when did a 911 become a chav mobile?
What exactly do you drive I could use a laugh tell us?

911 belongs more to the ‘grey poupon’ crowd than it ever would to chavs as has been mentioned I must be wanting to live like a playboy etc you’s all make up some amount of pish in your heads I would hate to live inside such tiny minds.

M3s chav mobile’s ???? I would say it’s behind the times for chavs to want arguably dheads all drive Audi’s now Bm’s ain’t even that well received by that kind of market anymore so you maybe need to keep up with the times but then again your probably driving something that was built in 1982 & your wive’s handbag is worth more.

Here’s a cat
There’s a pigeon
Troll your worst or just bore off maybe be better

Derek you’ve made an error here mate.

I was agreeing with the guy I quoted who was defending you ........

My post was directed at the arse who was bleating on about council houses in Scotland and failing to comprehend you weren’t planning on keeping both cars.

You can see what people drive by checking their profiles..

Check his profile not yours for the chav chariots

And calm down, because you can’t see the wood for the trees right now !

Edited by Brooking10 on Wednesday 28th March 19:09

Sorry mate neg energy breeds neg energy my bad, my fault I just read the post wrong as you say we’ll all Kung fu fighting each other on this thread bad vibes I prefer just chatting about the cars and the merits of what is the best way to go about owning decent machinery without taking a complete arse raping on depreciation which you just seem to fall foul of every time on big engine bmw stuff.

[ThousandYardStare]

Derek 911 said:

Something about trading cars in on the day and the dealership settling finance & taking the keys off you prevents the ‘ill sell it in a month guv’ scenario.

And as mentioned to help those who may be in a similar situation never trust the dealership to be sending all details through correctly to the underwriters as in my case they didn’t seem to know or grasp the Porsche loan was being settled to buy/lease the M3.

But that's not what you originally said, or originally proposed. If that was the case, I'm guessing the scenario would be different.

[Derek 911]

ThousandYardStare said:

Derek 911 said:

Something about trading cars in on the day and the dealership settling finance & taking the keys off you prevents the ‘ill sell it in a month guv’ scenario.

And as mentioned to help those who may be in a similar situation never trust the dealership to be sending all details through correctly to the underwriters as in my case they didn’t seem to know or grasp the Porsche loan was being settled to buy/lease the M3.

But that's not what you originally said, or originally proposed. If that was the case, I'm guessing the scenario would be different.

How many times do I need to correct what everyone else can see in black and white?

It was never a scenario that the Porsche was staying the M3 was always replacing it, in new car form at around 50kish after discounts or secondhand at 35k.

Option 1 was RSJ Specialist Sports cars buying it, they had made an offer by email which is as good as a written or legally binding form of communication in the year 2018 & I was assured this email was presented to underwriters I’m not so sure it was.

Option 2 was the trade at the dealers

[ThousandYardStare]

Derek 911 said:

How many times do I need to correct what everyone else can see in black and white?

It was never a scenario that the Porsche was staying the M3 was always replacing it, in new car form at around 50kish after discounts or secondhand at 35k.

Option 1 was RSJ Specialist Sports cars buying it, they had made an offer by email which is as good as a written or legally binding form of communication in the year 2018 & I was assured this email was presented to underwriters I’m not so sure it was.

Option 2 was the trade at the dealers

Option 1 means nothing to the finance company, as you could decide not to sell, leaving you with a debt they considered to be beyond your means.

Option 2 was only brought into the thread when everyone pointed out the problem with option 1.

Anyway, I don't see the attraction in the M3. That shape 3 series is built down to a price, and it would constantly bug me that a lot of the stuff you touch and feel is no different to that in a poverty spec. 114i.

The F10 M5 is in another class, and would be where my money went.

[irish boy]

Derek 911 said:

How many times do I need to correct what everyone else can see in black and white?

It was never a scenario that the Porsche was staying the M3 was always replacing it, in new car form at around 50kish after discounts or secondhand at 35k.

Option 1 was RSJ Specialist Sports cars buying it, they had made an offer by email which is as good as a written or legally binding form of communication in the year 2018 & I was assured this email was presented to underwriters I’m not so sure it was.

Option 2 was the trade at the dealers

Rsj are decent guys and good buyers, provided the car is as described you’ll have no issues.

[Derek 911]

ThousandYardStare said:

Derek 911 said:

How many times do I need to correct what everyone else can see in black and white?

It was never a scenario that the Porsche was staying the M3 was always replacing it, in new car form at around 50kish after discounts or secondhand at 35k.

Option 1 was RSJ Specialist Sports cars buying it, they had made an offer by email which is as good as a written or legally binding form of communication in the year 2018 & I was assured this email was presented to underwriters I’m not so sure it was.

Option 2 was the trade at the dealers

Option 1 means nothing to the finance company, as you could decide not to sell, leaving you with a debt they considered to be beyond your means.

Option 2 was only brought into the thread when everyone pointed out the problem with option 1.

Anyway, I don't see the attraction in the M3. That shape 3 series is built down to a price, and it would constantly bug me that a lot of the stuff you touch and feel is no different to that in a poverty spec. 114i.

The F10 M5 is in another class, and would be where my money went.

Ok dhead your right and I’m wrong as usual but before you go and crack one out thinking how you got one up on some stranger on an Internet forum why don’t you go back and read the bit about how I put forward an application for a contra deal with the Porsche 911 trading in against the bmw m3 of similar value and Clydesdale finance would have been the ones seeing the loan was settled at the dealer as they would have been paid on the day.

Again I was there I know I considered a trade in at a dealership for you to fken argue with me about what I actually done shows how stupid or pathetic you actually are so go troll someone else the st gets boring

[Chestrockwell]

[nct001]

Derek 911 said:

Ok dhead your right and I’m wrong as usual but before you go and crack one out thinking how you got one up on some stranger on an Internet forum why don’t you go back and read the bit about how I put forward an application for a contra deal with the Porsche 911 trading in against the bmw m3 of similar value and Clydesdale finance would have been the ones seeing the loan was settled at the dealer as they would have been paid on the day.

Again I was there I know I considered a trade in at a dealership for you to fken argue with me about what I actually done shows how stupid or pathetic you actually are so go troll someone else the st gets boring

Then you should have made it a qualification of the loan that the 911 debt would be paid before taking new debt on. Or put it another way the salesman would have / really should have said is this a replacement loan?

Either way making it clear to finance company this was not in addition to Porsche loan.

From about page 5 you started mentioning about your bank balance and considerable income. To a finance company being self employed and having very little show for such an income materially makes this suspect.

[Derek 911]

nct001 said:

Derek 911 said:

Ok dhead your right and I’m wrong as usual but before you go and crack one out thinking how you got one up on some stranger on an Internet forum why don’t you go back and read the bit about how I put forward an application for a contra deal with the Porsche 911 trading in against the bmw m3 of similar value and Clydesdale finance would have been the ones seeing the loan was settled at the dealer as they would have been paid on the day.

Again I was there I know I considered a trade in at a dealership for you to fken argue with me about what I actually done shows how stupid or pathetic you actually are so go troll someone else the st gets boring

Then you should have made it a qualification of the loan that the 911 debt would be paid before taking new debt on. Or put it another way the salesman would have / really should have said is this a replacement loan?

Either way making it clear to finance company this was not in addition to Porsche loan.

From about page 5 you started mentioning about your bank balance and considerable income. To a finance company being self employed and having very little show for such an income materially makes this suspect.

i spent it all on hookers and cocaine, sounds like you need to lighten up and do the same

[nct001]

Derek 911 said:

i spent it all on hookers and cocaine, sounds like you need to lighten up and do the same

Difference is had you made the 911 debt a qualification of the loan you’d be in the bmw you wanted. The new debt questionnaire would have stated is this a replacement loan, it would appear you did not apply for the loan as a replacement but in addition to existing finance.

It’s not a case of lightening up it’s industry lending practise.

[FN2TypeR]

I can't believe that this is still going

[Camelot1971]

TwinExit said:

Any one with a modicum of sense would simply take on board how much he can leverage himself thru debt, just sell the 911 and get the M3 if you really one one, and spare readers the pollution of forum rambling and counter-rambling about how hard done by he was by credit underwriters.

Do you not realise how much of a tt you sound?

[Julian Thompson]

In defence of the M3/4 I have to say that I absolutely love mine. I’ve had 2 of them now and I don’t find the interior to be poverty spec. I also don’t find it dull to drive at all - the turbo character is lots of fun and I think it steers well and has lovely balance. It replaces a 991.1 gts in its role as a 4 seat summer “let’s go for dinner” type car and it does that extremely well - I prefer it very much to the GTS, especially for the price. I plan to keep mine for a long time. It might even be my favourite car of the current ones I have, by a whisker.