For all about to buy a new 1 series.
For all about to buy a new 1 series.
Author
Discussion

Buster73

Original Poster:

5,636 posts

184 months

Sunday 26th February 2012
quotequote all
A friend of mine bought a new one series 9months ago.

Best part of £33k ..........don't ask why that's a different story.

Just been back to the stealers wit h a view to changing.

The best offer is £17.5k


Now that's depreciation.

SC7

1,882 posts

212 months

Sunday 26th February 2012
quotequote all
I saw one yesterday.

Ugliest BMW I've seen for a long time.

Whilst I have sympathy for your mate, I'd imagine they're just not selling very well (although that's only an assumption).

waxaholic

374 posts

230 months

Sunday 26th February 2012
quotequote all
Buster73 said:
A friend of mine bought a new one series 9months ago.

Best part of £33k ..........don't ask why that's a different story.

Just been back to the stealers wit h a view to changing.

The best offer is £17.5k


Now that's depreciation.
Thats a kick in the goolies.

CatJ

9,586 posts

274 months

Sunday 26th February 2012
quotequote all
How much of the £33k was options?

pattyg

1,385 posts

258 months

Sunday 26th February 2012
quotequote all
Don't think its a problem with 1er residuals....just a crazy buyer who needed to step away from the options list.

theboss

7,552 posts

250 months

Sunday 26th February 2012
quotequote all
As the OP states 9 months ago this is surely a case of his mate going to town on the options list for a car that was imminently about to be superceded, as the F20 was released in September, which is only going to add to the depreciation significantly. Can the OP confirm the car is the previous generation 1er?

I've ordered quite a high spec F20 125d - I know its going to take a spanking - but hopefully not to this degree.

SC7

1,882 posts

212 months

Sunday 26th February 2012
quotequote all
Ahhh, I assumed he meant the F20.

If it was the previous generation then your mate is mental for dropping anywhere near £33k on one with the next generation imminent.

Fox-

13,575 posts

277 months

Sunday 26th February 2012
quotequote all
Buster73 said:
A friend of mine bought a new one series 9months ago.

Best part of £33k ..........don't ask why that's a different story.

Just been back to the stealers wit h a view to changing.

The best offer is £17.5k
Why would anyone with half a brain order a new 1 Series literally a few months before the all new model came out!?

M3Charlie

556 posts

189 months

Monday 27th February 2012
quotequote all
Residual value on a new F20 is nearly 50% after 3 years. Very good by today's standards!!

Frances The Mute

1,816 posts

272 months

Monday 27th February 2012
quotequote all
What model did he get? It could be a case of very poor timing or he went mental with the options list.

However, the new car is a howler (from an aesthetic perspective at least) and I'd definitely put my money into the previous generation - but not until much haggling was undertaken.

Now would really be the time to by the previous model car and haggle your way to a possible bargain.

Bodo

12,625 posts

297 months

Monday 27th February 2012
quotequote all
The best bet is to go where BMW offers a good deal on leasing. I've paid €420/month for three years and 105k km in a 123d. List new was €39k; the actual market value at the end of the leasing term was around €18k for a similar model. I wanted to lease the same car in new again (just before the F20 was released), but they wouldn't offer less than €510pcm. Needless to say I went elsewhere.

housen

2,366 posts

223 months

Monday 27th February 2012
quotequote all
Fox- said:
Buster73 said:
A friend of mine bought a new one series 9months ago.

Best part of £33k ..........don't ask why that's a different story.

Just been back to the stealers wit h a view to changing.

The best offer is £17.5k
Why would anyone with half a brain order a new 1 Series literally a few months before the all new model came out!?
why would anyone order a new 1 series or a new anything , i know it must be nice to do so but loseing £ is just silly no !? btw im not skint i just dont like loseing £ so why!?

Robsti

12,241 posts

237 months

Monday 27th February 2012
quotequote all
A BMW 120d Msport auto was about £27k new before options!

If you add met paint,leather,satnav and a few bits and bobs you will be at £33k before you know it!

A lot of people are not petrol heads and are just after a new car!
Probably that BMW was sitting in the showroom non ph dream punter walks in likes it and buys it.

Salesman still try's to sell dream punter GAP,paint protection and any other money making add on he can think of!

Result: lots of hilarity after punter has left and new blingy watch and Shinee suit ordered! wink

These are the customers salesmen want not PH'ers like us !

housen

2,366 posts

223 months

Monday 27th February 2012
quotequote all
Robsti said:
Result: lots of hilarity after punter has left and new blingy watch and Shinee suit ordered! wink

hahahahhaha


Inverness

556 posts

209 months

Monday 27th February 2012
quotequote all
Lies, damned lies, and statistics biglaugh

We only know 3 things, the price paid, the current offer trade in price and the age. There could be all sorts of reassons for what appears to be a low trade in price, but how do we know it has not got 30k on the clock now, then it has only cost them about 50p per mile.

I sold a 2 year old Kia the other day and lost over 50% but due to millage of 37K miles it works out at just 20p per mile.

There is always more than 2 ways to look at these things teacher

mercGLowner

1,668 posts

215 months

Monday 27th February 2012
quotequote all
Buster73 said:
A friend of mine bought a new one series 9months ago.

Best part of £33k ..........don't ask why that's a different story.

Just been back to the stealers wit h a view to changing.

The best offer is £17.5k


Now that's depreciation.
Sounds a bit mean, I just got £13k for my 59 plate 120d M Sport 3dr from a BMW dealer. The new F20 model has some very good finance offers on the moment and the market being very price led, probably explains the mean offer on your friends 1er. Have to say, I would never have bought a new, previous model 1er for that money though. It's a good car, but not £33k good!

roofer

5,136 posts

242 months

Monday 27th February 2012
quotequote all
Anyone who paid 33k for a 1 series should be taken around the rear of the showroom and have their brain jetwashed.

GPS M-Jet

230 posts

215 months

Friday 2nd March 2012
quotequote all
mercGLowner said:
Sounds a bit mean, I just got £13k for my 59 plate 120d M Sport 3dr from a BMW dealer. The new F20 model has some very good finance offers on the moment and the market being very price led, probably explains the mean offer on your friends 1er. Have to say, I would never have bought a new, previous model 1er for that money though. It's a good car, but not £33k good!
If you don't mind me asking, which BMW dealer was this? Looking to trade mine in and have been offered a lot less than this.

Cheers.

eastsider

1,102 posts

254 months

Friday 2nd March 2012
quotequote all
Why trade it in - sell privately.

Bubba Zanetti

740 posts

178 months

Friday 2nd March 2012
quotequote all
eastsider said:
Why trade it in - sell privately.
Ease of use I presume. Saves you having to deal with the great unwashed that is Joe Public.