Is there a better way to spend £380 a month?

[Stu-nph26]

Is there a better allrounder for 4k deposit and £370 a month than the F80 M4? (4 year PCP) I've looked at most things but kep coming back to this. Cheap tax, awesome performance, 4 doors, I don't think I can get a better allrounder for my money but willing to be proved wrong before I buy one?

This is the car in question https://usedcars.bmw.co.uk/vehicle/201909021758138...

[krisdelta]

Bank loan at < 4% and you own the car outright at the end would be a cheaper way of doing it.

Illustration on the site is £480p/m + £4,600 deposit + final payment. If you handed it back after 4 years, it's £577 a month amortised.

[deebs]

As krisdelta says, the total cost of PCP assuming handing it back after 4 years would be: £27,666.16. considering it's 30k to buy it outright the PCP deal here doesn't seem that great?

[Stu-nph26]

Interesting I did think of a personal loan at 2.9% so that may be an option I have been quoted 5.9% which makes it a little easier to take on a PCP

[StuTheGrouch]

Stu-nph26 said:

Is there a better allrounder for 4k deposit and £370 a month than the F80 M4? (4 year PCP) I've looked at most things but kep coming back to this. Cheap tax, awesome performance, 4 doors, I don't think I can get a better allrounder for my money but willing to be proved wrong before I buy one?

This is the car in question https://usedcars.bmw.co.uk/vehicle/201909021758138...

That car is an M3. It's also £4,600 for the deposit and £479 a month.

Has there been a correction on that website?

[Stu-nph26]

StuTheGrouch said:

That car is an M3. It's also £4,600 for the deposit and £479 a month.

Has there been a correction on that website?

No, I meant M3 not M4 the quote I've had is a personalized quote a cheaper APR with 4k in.

[Muzzer79]

For reference

I bought at £31k (not an M3, but irrelevant)

£6k cash deposit

Bank loan for the £25k.

I pay just under £500 a month and own the car outright after 4.5 years.

[Pistonheader101]

Ah the infamous pcp

[krisdelta]

Muzzer79 said:

For reference

I bought at £31k (not an M3, but irrelevant)

£6k cash deposit

Bank loan for the £25k.

I pay just under £500 a month and own the car outright after 4.5 years.

Get you!

I like your style

This is playing it smart IMHO - unsecured loan means you've got flexibility too

[Barry Homo]

Out of interest can you roll a PCP? Like if you like the car but don't have the balloon, can you re-PCP until the balloon comes down to an acceptable level?

[Stu-nph26]

Muzzer79 said:

For reference

I bought at £31k (not an M3, but irrelevant)

£6k cash deposit

Bank loan for the £25k.

I pay just under £500 a month and own the car outright after 4.5 years.

That could be an option how are you finding the car?

[Muzzer79]

Stu-nph26 said:

Muzzer79 said:

For reference

I bought at £31k (not an M3, but irrelevant)

£6k cash deposit

Bank loan for the £25k.

I pay just under £500 a month and own the car outright after 4.5 years.

That could be an option how are you finding the car?

It’s not an M3, it’s a 5 series touring.

But it’s lovely thank you

Even if the dealers are st

My point was about financing £31k, not about the car itself.