BMW 520d finance offer 2.9% apr - is it good/bad?

[beemer85]

Hey Guys,

is this a good deal for a new 520d saloon m sport lci. Has metallic paint and sun protection glass:

Cash price: £36,035.00
Deposit: £1,000.00
Interest: £2,997.42
2.9 % APR
£446.62 x 47
Balloon payment £17,041.28

Many thanks for looking in, think I posted this in wrong section before.

[Jamescrs]

I would say 2.9% is probably as low as you are going to find anywhere currently unless some manufacturers start doing 0% deals again but that seems unlikely in the current market.

[Welshbeef]

You know what every car be one live bought or general quotes from BMW the PCM price is always around the number you have here.

Coincidence....

[anonymous-user]

Looks like they’re getting creative with the “cash price” - BWM are giving basically that discount as a finance contribution on PCP at the moment.

Have you tried brokers or carwow?

[beemer85]

thanks guys the quote was from carwow, can you let me know some brokers to go after?

[Deep Thought]

beemer85 said:

thanks guys the quote was from carwow, can you let me know some brokers to go after?

Broadspeed and DriveTheDeal are worth checking too.

[Welshbeef]

Plus worth going back to the dealership (your local one) with those quotes to see if they want to match or beat it.

[nickfrog]

beemer85 said:

thanks guys the quote was from carwow, can you let me know some brokers to go after?

You could try Coast to Coast Cars too.

[Jag_NE]

Personally I’d have a look at the 2020 520d at bmw Huddersfield.3k miles on it. £26450, put a 1450 deposit down, 5 year bank loan on 25k (3%) will be the same monthly. One more year of payments but no balloon at the end, car is all yours to keep or sell.

[beemer85]

jag_ne I've been doing maths all day looking at exactly that a bank loan on a used thanks for sharing

[Justin Case]

£3k interest to have the use of a new BMW for four years and only having to find £1k deposit seems a good deal to me. £19k depreciation for the same car for the same period of time and deposit does not seem a good deal to me. Interest payments are generally not the most significant costs in running a new or expensive car, look at the total cost of owning and running it.

[Stophe]

Assuming you don’t want to pay the ballon at the end you could lease the same vehicle for about £60 less per month with a similar deposit on around 10k miles.

Otherwise it looks about standard.