BMW Dealer Finance Good or Bad ?

[mickys]

Hi guys - just trying to get an feel of what a good to reasonable deal would be on PCP for a £25K car - so far the dealer has offered me a deal over 4 years at what seems to be an apr of 13.8% which I think is high ?

Is this negotiable or a fixed rate at any BMW dealer ? the total deal would cost me an extra £7K at the end of four years which again I think this is alot ?

As you can tell, Ive always paid in cash for my cars so have never had finance at all. What I would like to do is buy a car on PCP have it for say 2 years and then swap it so I've always got a reasonably new car.

Could any of you give me some pointers to how this is done and what a descent apr is - the dealer is just trying to confuse me with figures I think..

thanks in advance,

micky

[mickys]

having a look at a couple of x5's tomorrow

thanks

[mickys]

my main reason for finance is that I don't want £25K sat on my drive..

so after all this, what is a descent APR rate ?

10%... 12% ??

it is now been done over 2 years instead of 4

thanks

mickys