The M3cutters - UK BMW M3 Group Forum
 

Go Back   The M3cutters - UK BMW M3 Group Forum > General and Forum stuff > General Discussion



Reply
 
Thread Tools Display Modes
Old 12th August 2017, 07:15 PM   #1
topham
Achieved official socks
 
topham's Avatar
 
Join Date: Oct 2009
Posts: 832
Car: E46 M3 CAB
Default Help guys.....getting back into an M.....advise

So, I chopped my last m4 CP into get a 530d. Now I'm missing an m.

I've seen one I want. It's currently up at 60K pre reg 17 plate convertible, LCI CP in mineral white.

I've got 4k cash deposit.

Payments are based at 5.9%

And working out at 893 a month.

I'm trading in the 530d, settlement is 25. And there offering 22k. So 3k is being swallowed up with the 530d so I'm going into the m4 with 1k.

Does this sound a good deal or should I push for more of a deal. I can't get better on finance the only deal I can get is the car lowered which the said to deal this weekend they would do the car at 59.5k or I try ask more for the 530d?
topham is offline   Reply With Quote
Sponsored links
Old 12th August 2017, 07:40 PM   #2
Zee
Achieved official socks
 
Zee's Avatar
 
Join Date: Feb 2014
Location: Bradford
Posts: 2,072
Car: Alpine White F80 M3
Default

Is the car really worth 900 per month mate?

I would be pushing for a much better deal.
Zee is offline   Reply With Quote
Old 12th August 2017, 07:55 PM   #3
Tankclark
Achieved official socks
 
Tankclark's Avatar
 
Join Date: Feb 2013
Location: Ashford, kent
Posts: 3,548
Car: M3, M135i, A45 AMG, RS3 8v, C63pp, E63
Default

So I'm right in saying they are offering 500 discount on a pre reg but otherwise new car?
Also at 60k list price for a new car what is the spec it must be poor? I'd go elsewhere and order a factory build and get a much better deal, I know the deposit is very low but as said above 900 for an M4 isn't worth it
Tankclark is offline   Reply With Quote
Old 12th August 2017, 08:16 PM   #4
Rick M3
Achieved official socks
 
Rick M3's Avatar
 
Join Date: Apr 2013
Location: Preston
Posts: 8,204
Car: 2002 M3 Convertible
Default

Drive away in an M4 for 1,000... sounds like a fantastic deal to me
Rick M3 is offline   Reply With Quote
Old 12th August 2017, 08:22 PM   #5
topham
Achieved official socks
 
topham's Avatar
 
Join Date: Oct 2009
Posts: 832
Car: E46 M3 CAB
Default

I think my problem is the 530d otherwise I may have got a better deal. Figures prob would have been low 8's. Yes car has 10 miles on. Seems spec' up. Car is meant to be 68k new
topham is offline   Reply With Quote
Old 12th August 2017, 08:41 PM   #6
0asis2007
Achieved official socks
 
0asis2007's Avatar
 
Join Date: May 2010
Location: NE London
Posts: 4,337
Car: 2003 M3 SMG Coupe
Colour Combo: Individual Aegean Blue/Light Silver Grey Nappa
Default

Quote:
Originally Posted by topham View Post
So, I chopped my last m4 CP into get a 530d. Now I'm missing an m.

I've seen one I want. It's currently up at 60K pre reg 17 plate convertible, LCI CP in mineral white.

I've got 4k cash deposit.

Payments are based at 5.9%

And working out at 893 a month.

I'm trading in the 530d, settlement is 25. And there offering 22k. So 3k is being swallowed up with the 530d so I'm going into the m4 with 1k.

Does this sound a good deal or should I push for more of a deal. I can't get better on finance the only deal I can get is the car lowered which the said to deal this weekend they would do the car at 59.5k or I try ask more for the 530d?
I'm not an expert on PCP deals, but from what I do understand, this doesn't seem to be a very good deal at all??!!! Which dealer is this with?

1. 893 a month is crazy money, especially if you're putting 4k in
2. 60k for a pre-reg sounds pricey.... I'm sure I've heard of others find deals for similar pre-reg cars in the mid-50s
3. Trade-in values for your 530d can vary quite a bit from one dealer to the next. TBH, the trade value is a bit academic.... it's more about the "cost to change". Depending on how badly they want your business, I'd expect them to massage the figures a little more, to make it worth your while.
4. Better deals are sometimes available at the end of a month or even better at the end of a quarter, when salespeople are more keen to hit targets.... I'd wait till then if not in a big hurry.

Unless you're desperate for this particular car, I'd walk away from the deal. I'm certain you can do much better.
I'm sure somebody else will chime in soon, with specifics of better deals that are out there

Last edited by 0asis2007; 12th August 2017 at 08:44 PM.
0asis2007 is offline   Reply With Quote
Old 12th August 2017, 09:00 PM   #7
topham
Achieved official socks
 
topham's Avatar
 
Join Date: Oct 2009
Posts: 832
Car: E46 M3 CAB
Default

I'm putting 4K in, but 3k is being swallowed up cos of negative equity I have in the 530dz so essentially I'm going into an m4 with 1k deposit. If I didn't have the 530d then I would be looking at 830 a month with 4K in.

And it's a pre reg lci version registered June 17. Dealers is vines in Redhill.

It is a CP version. I have seen mid-50 normal pre-reg m4's, and hi 50 CP versions. I think this is the cheapest LCI I have seen. Essentially at 59.5k
topham is offline   Reply With Quote
Old 12th August 2017, 09:13 PM   #8
0asis2007
Achieved official socks
 
0asis2007's Avatar
 
Join Date: May 2010
Location: NE London
Posts: 4,337
Car: 2003 M3 SMG Coupe
Colour Combo: Individual Aegean Blue/Light Silver Grey Nappa
Default

My point is that with a 4K deposit, even 830 is too much!

The only thing that's non-negotiable in your situation is the 25k settlement on your 530d.... If another dealer offers you, say 23-24k for your car, that's reduced your "negative equity" before you even start negotiating on the new car...

Plus, at 60k you're not far off the price of a brand new (with good discount, i.e. 10-15%) CP car, so a pre-reg shouldn't be much more than mid-50s. And the finance % rate on a brand new car will be better than that on a pre-reg too...

I'm simply saying in your shoes I'd shop around and haggle some more, before jumping into this deal!!
0asis2007 is offline   Reply With Quote
Old 12th August 2017, 09:21 PM   #9
topham
Achieved official socks
 
topham's Avatar
 
Join Date: Oct 2009
Posts: 832
Car: E46 M3 CAB
Default

Quote:
Originally Posted by 0asis2007 View Post
My point is that with a 4K deposit, even 830 is too much!

The only thing that's non-negotiable in your situation is the 25k settlement on your 530d.... If another dealer offers you, say 23-24k for your car, that's reduced your "negative equity" before you even start negotiating on the new car...

Plus, at 60k you're not far off the price of a brand new (with good discount, i.e. 10-15%) CP car, so a pre-reg shouldn't be much more than mid-50s. And the finance % rate on a brand new car will be better than that on a pre-reg too...

I'm simply saying in your shoes I'd shop around and haggle some more, before jumping into this deal!!
Aye I hear you mate that's why I was asking what people thought
topham is offline   Reply With Quote
Old 12th August 2017, 09:22 PM   #10
topham
Achieved official socks
 
topham's Avatar
 
Join Date: Oct 2009
Posts: 832
Car: E46 M3 CAB
Default

I've got another garage to call tomorrow or Monday morning. See what they are offering.

What deals are people getting on new factory orders?
topham is offline   Reply With Quote
Old 12th August 2017, 09:26 PM   #11
mark1alpha
Wearing official robes
 
mark1alpha's Avatar
 
Join Date: Jul 2012
Posts: 337
Car: BMW i3 / BMW X3 / VW Caddy
Default

There's a decent spec 17 plate 14 miles pre reg M4 CP in Black Sapphire at Westerly Dorchester for 55k. That would bring the monthly payment down as GFV would be similar. How much do you want white?
mark1alpha is offline   Reply With Quote
Old 12th August 2017, 09:27 PM   #12
0asis2007
Achieved official socks
 
0asis2007's Avatar
 
Join Date: May 2010
Location: NE London
Posts: 4,337
Car: 2003 M3 SMG Coupe
Colour Combo: Individual Aegean Blue/Light Silver Grey Nappa
Default

Quote:
Originally Posted by topham View Post
Aye I hear you mate that's why I was asking what people thought
Quote:
Originally Posted by topham View Post
I've got another garage to call tomorrow or Monday morning. See what they are offering.

What deals are people getting on new factory orders?
I've heard of deals at 8-10k off list price

Also check out this thread for more examples: http://forums.m3cutters.co.uk/showthread.php?t=179900
0asis2007 is offline   Reply With Quote
Old 12th August 2017, 09:31 PM   #13
topham
Achieved official socks
 
topham's Avatar
 
Join Date: Oct 2009
Posts: 832
Car: E46 M3 CAB
Default

Quote:
Originally Posted by mark1alpha View Post
There's a decent spec 17 plate 14 miles pre reg M4 CP in Black Sapphire at Westerly Dorchester for 55k. That would bring the monthly payment down as GFV would be similar. How much do you want white?
I've had black cars before and it's a personnel preference to having white. I seen a java green coupe looks nice but I would dread keeping it clean. Is that one at 55k an LCI version?
topham is offline   Reply With Quote
Old 12th August 2017, 09:56 PM   #14
mark1alpha
Wearing official robes
 
mark1alpha's Avatar
 
Join Date: Jul 2012
Posts: 337
Car: BMW i3 / BMW X3 / VW Caddy
Default

Not sure if it's LCI, it may be.

Link here:
http://usedcars.westerlydorchesterbm...6-3497145.aspx
mark1alpha is offline   Reply With Quote
Old 12th August 2017, 10:00 PM   #15
mark1alpha
Wearing official robes
 
mark1alpha's Avatar
 
Join Date: Jul 2012
Posts: 337
Car: BMW i3 / BMW X3 / VW Caddy
Default

Actually, looking closer perhaps not, it has xenon not LED.
mark1alpha is offline   Reply With Quote
Old 12th August 2017, 10:01 PM   #16
topham
Achieved official socks
 
topham's Avatar
 
Join Date: Oct 2009
Posts: 832
Car: E46 M3 CAB
Default

Can someone get me the build spec without the vin from the reg?

I don't have a normal computer so struggling using a few of the sites.

Vehicle reg is gv17rhy
topham is offline   Reply With Quote
Old 12th August 2017, 10:02 PM   #17
topham
Achieved official socks
 
topham's Avatar
 
Join Date: Oct 2009
Posts: 832
Car: E46 M3 CAB
Default

Quote:
Originally Posted by mark1alpha View Post
Actually, looking closer perhaps not, it has xenon not LED.


It's also a coupe and I'm after a convertible
topham is offline   Reply With Quote
Old 12th August 2017, 10:04 PM   #18
mark1alpha
Wearing official robes
 
mark1alpha's Avatar
 
Join Date: Jul 2012
Posts: 337
Car: BMW i3 / BMW X3 / VW Caddy
Default

Quote:
Originally Posted by topham View Post
It's also a coupe and I'm after a convertible
Sorry! Note to self - read thread properly.
mark1alpha is offline   Reply With Quote
Old 12th August 2017, 10:08 PM   #19
topham
Achieved official socks
 
topham's Avatar
 
Join Date: Oct 2009
Posts: 832
Car: E46 M3 CAB
Default

Quote:
Originally Posted by mark1alpha View Post
Sorry! Note to self - read thread properly.


Ha it is late at night mate
topham is offline   Reply With Quote
Old 13th August 2017, 12:13 AM   #20
NBB
Achieved official socks
 
NBB's Avatar
 
Join Date: Dec 2012
Posts: 737
Car: M2 LCi, 335d xdrive
Default

Walk away mate.
I've just traded my X5 for a new M2.
They said I was in negative equity on the X5, so I told them to stop there and I'll come back in 6 months when I'm in positive equity.
2 hours later I was in positive equity, I didn't put a penny into the deal and my monthly payment went up by 7p a month in the end.
Took 4 hours in total to do the deal but I got the car I wanted without it costing me anything really.

Startstone Leeds. They've got a new CP convertible in the showroom now. Call and speak to Daniel Robson and I bet they could put you a deal together.
NBB is offline   Reply With Quote
Reply

Bookmarks


Thread Tools
Display Modes



All times are GMT. The time now is 05:52 PM.


This website uses cookies. By continuing to use the site you are agreeing to our use of cookies. To find out more about the cookies this website uses, click here.

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
Copyright © 2007 - 2018 M3cutters. All Rights Reserved.