Help guys.....getting back into an M.....advise

Discussion in 'General Discussion' started by topham, Aug 12, 2017.

  1. 12 Aug 2017 at 8:15 PM #1
    topham

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    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?
     
  2. 12 Aug 2017 at 8:40 PM #2
    Zee

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    Is the car really worth £900 per month mate?

    I would be pushing for a much better deal.
     
  3. 12 Aug 2017 at 8:55 PM #3
    Tankclark

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    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
     
  4. 12 Aug 2017 at 9:16 PM #4
    Rick M3

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    Drive away in an M4 for £1,000... sounds like a fantastic deal to me
     
  5. 12 Aug 2017 at 9:22 PM #5
    topham

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    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
     
  6. 12 Aug 2017 at 9:41 PM #6
    0asis2007

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    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 :eek:
    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 :thumbsup:
     
    Last edited: Aug 12, 2017
  7. 12 Aug 2017 at 10:00 PM #7
    topham

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    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
     
  8. 12 Aug 2017 at 10:13 PM #8
    0asis2007

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

    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!! :)
     
  9. 12 Aug 2017 at 10:21 PM #9
    topham

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    Aye I hear you mate that's why I was asking what people thought :):thumbsup:
     
  10. 12 Aug 2017 at 10:22 PM #10
    topham

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    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?
     
  11. 12 Aug 2017 at 10:26 PM #11
    mark1alpha

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    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?
     
  12. 12 Aug 2017 at 10:27 PM #12
    0asis2007

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    I've heard of deals at £8-10k off list price :thumbsup:

    Also check out this thread for more examples: http://forums.m3cutters.co.uk/showthread.php?t=179900
     
  13. 12 Aug 2017 at 10:31 PM #13
    topham

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    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?
     
  14. 12 Aug 2017 at 10:56 PM #14
    mark1alpha

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  15. 12 Aug 2017 at 11:00 PM #15
    mark1alpha

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    Actually, looking closer perhaps not, it has xenon not LED.
     
  16. 12 Aug 2017 at 11:01 PM #16
    topham

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    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
     
  17. 12 Aug 2017 at 11:02 PM #17
    topham

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    It's also a coupe and I'm after a convertible
     
  18. 12 Aug 2017 at 11:04 PM #18
    mark1alpha

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    Sorry! Note to self - read thread properly.
     
  19. 12 Aug 2017 at 11:08 PM #19
    topham

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    Ha it is late at night mate :muttley:
     
  20. 13 Aug 2017 at 1:13 AM #20
    NBB

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    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.
     

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