Order M3 now or wait?
Discussion
Hello, just looking some advice about buying a new m3. My plan was to wait anothe year or so and buy a good second hand one but after driving a sakhir orange one this week I'm thinking of getting one ordered asap. Peter Vardy seems to be doing a good pcp deal on a dct m3. 6k down and 600 pm at 4.9% with £2200 of extras should be around 650/660pm on 48 months and 8k mileage per annum. Will there be better deals coming along or should I just go for it and have March delivery?
Not sure really - £37,200 over 4 years - I have no idea what the car will be worth then and if a low GFV would allow you to buy it and sell privately at a profit then to offset what looks to me as more than actual depreciation on 32k miles, but that could be wrong.
I am in the same boat and trying to find the most effective way of financing it. The discounts are substantial so your car should be around £50k new cash. Would it be worth as little as £12,800 in 4 years ?
I am in the same boat and trying to find the most effective way of financing it. The discounts are substantial so your car should be around £50k new cash. Would it be worth as little as £12,800 in 4 years ?
Waiting to get the gfv after the hols, thinking the car has to be worth around 25k after 4 years especially as I'll only do no more than 5k mileage per year. 8k is the minimum mileage on the pcp deal so I'm hoping I'll have equity in the car when it's time to change. Just thinking there might be better deals at end of this quarter but not sure I can wait!
By my admittedly rough calcs based on the offers on the BMW UK website you're getting around 6.5% discount which is about 4k's worth. Seeing that without even negotiating the website offers over 3k, I think you should be able to significantly better than this. Most reckon on 10-12% discount being available, and some have managed as much as 15%.
If you could get 10% your monthlies would be more like £600 with the same 6k deposit and the 2k's worth of options. Just my estimations, but I'd definitely play hard with the dealer.
If you could get 10% your monthlies would be more like £600 with the same 6k deposit and the 2k's worth of options. Just my estimations, but I'd definitely play hard with the dealer.
It always pays to shop around dealers in my experience of buying an M4 recently. I had one which wouldn't move past 9% and was trying to sell based on it being hard to get a car etc etc... I went to another dealer and asked them to do their best to beat it. They never mentioned it being hard to get me a car and I ended up with 12% discount on the same spec car! GMFV and deposit was the same so it just decreased my monthlies which was the result I was after. I did load mine up with options to be at a £66k list so this may have given them more room to discount...?! Perhaps more relevant is decide the spec you want and commit to buying the car, shop around and then make your deal. There will always be someone who gets a better deal somewhere else but as long as you get a decent price just do it, drive it and enjoy it! And do it soon as the longer you wait the longer you're missing out!
Discounts are done to the list price including options but excluding 1st registration fee, delivery and 1st years road tax, and service package if taken, as these are the bits as dealers we have no control over, or margin.
The offers for Q1 are the same as they were in Q4. 4.9% APR, with £1,000 BMW discount and a further £1,000 as finance deposit contribution.
If anyone wants any advice, PM me.
Chris
The offers for Q1 are the same as they were in Q4. 4.9% APR, with £1,000 BMW discount and a further £1,000 as finance deposit contribution.
If anyone wants any advice, PM me.
Chris
chambersc88 said:
Discounts are done to the list price including options but excluding 1st registration fee, delivery and 1st years road tax, and service package if taken, as these are the bits as dealers we have no control over, or margin.
The offers for Q1 are the same as they were in Q4. 4.9% APR, with £1,000 BMW discount and a further £1,000 as finance deposit contribution.
If anyone wants any advice, PM me.
Chris
Not entirely true, check the latest offers and there is actually £3170.41 off a new M4 at the moment.The offers for Q1 are the same as they were in Q4. 4.9% APR, with £1,000 BMW discount and a further £1,000 as finance deposit contribution.
If anyone wants any advice, PM me.
Chris
djtex said:
chambersc88 said:
Discounts are done to the list price including options but excluding 1st registration fee, delivery and 1st years road tax, and service package if taken, as these are the bits as dealers we have no control over, or margin.
The offers for Q1 are the same as they were in Q4. 4.9% APR, with £1,000 BMW discount and a further £1,000 as finance deposit contribution.
If anyone wants any advice, PM me.
Chris
Not entirely true, check the latest offers and there is actually £3170.41 off a new M4 at the moment.The offers for Q1 are the same as they were in Q4. 4.9% APR, with £1,000 BMW discount and a further £1,000 as finance deposit contribution.
If anyone wants any advice, PM me.
Chris
And we've had this quarter's offers since before Christmas.
Chris
chambersc88 said:
Trust me there is only £2,000 from BMW, any other discounts shown will be a dealer specific contribution as shown on the BMW website in the finance offers section. The offers are the same on M3, M4 and M4 convertible.
And we've had this quarter's offers since before Christmas.
Chris
Pedantic in the extreme, the BMW UK website clearly states discount in their finance examples, it's not dealer specific. Whether it's made up of BMW HQ or Dealer discount frankly who cares? It's discount nonetheless. And we've had this quarter's offers since before Christmas.
Chris
djtex said:
chambersc88 said:
Trust me there is only £2,000 from BMW, any other discounts shown will be a dealer specific contribution as shown on the BMW website in the finance offers section. The offers are the same on M3, M4 and M4 convertible.
And we've had this quarter's offers since before Christmas.
Chris
Pedantic in the extreme, the BMW UK website clearly states discount in their finance examples, it's not dealer specific. Whether it's made up of BMW HQ or Dealer discount frankly who cares? It's discount nonetheless. And we've had this quarter's offers since before Christmas.
Chris
Most people should be able to get more than 2% off an M3 or M4, but that's down to the dealer and how much they want your business.
Chris
see what http://www.coast2coastcars.co.uk/ quote comes out at.Good bargaining tool to take to your dealer!!
chambersc88 said:
I'm not being pedantic, you said there was £3,170.41 off an M4 at the moment...I was simply pointing out that there is only £2,000 from BMW UK and the rest comes from the dealer. The extra £1,170.41 is just an example figure shown on the BMW website and is 2% off the shown list price.
Most people should be able to get more than 2% off an M3 or M4, but that's down to the dealer and how much they want your business.
Chris
Clearly you don't understand the meaning of pedantic. The centre contribution is still a discount and each dealer will be obliged by BMW to give at least this much.Most people should be able to get more than 2% off an M3 or M4, but that's down to the dealer and how much they want your business.
Chris
Edited by MW-M5 on Monday 4th January 08:48
kj07dan said:
Hello, just looking some advice about buying a new m3. My plan was to wait anothe year or so and buy a good second hand one but after driving a sakhir orange one this week I'm thinking of getting one ordered asap. Peter Vardy seems to be doing a good pcp deal on a dct m3. 6k down and 600 pm at 4.9% with £2200 of extras should be around 650/660pm on 48 months and 8k mileage per annum. Will there be better deals coming along or should I just go for it and have March delivery?
My dealer just offered the same deal. Mine worked out to be with a discount of about 14% including the 2k contribution. Very tempting. Inverted said:
My dealer just offered the same deal. Mine worked out to be with a discount of about 14% including the 2k contribution. Very tempting.
I was tempted to get one instead of the m2 but the M3/4 sea much unloved chassis-wise and I am wondering if they will lot address this with a "competition" version at some point with improved spring/dampers settings. Unless you buy one and fit AC Schnitz passive set-up reviewed by PH which seems to improve things. Or perhaps Bilstein adaptive set-up as fitted on the GT-R.
Shame as I love the shape, interior and image of the thing. But having loved my V8 M3 am not sure I could settle for what will go down as one of the least loved Ms in history.
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