Thoughts and opinions please

MB London · 02-02-2011, 06:38 AM

All

I am currently struggling to justify the repayments and running cost of my car, I am not struggling to pay them, but struggling to justify them as I have a mahoosive mortgage and a recent 2nd child. The early redemption figure on the car is £17K and that would leave circa 1K equity in the vehicle.

As I requested an early redemption figure I naturally received a call from the dealer I purchased the car from, asking what my plans were. I explained that I am looking to reduce my monthly cost and was seeing what options I had.

My current car has good spec (leather, auto, heated F seats, pro nav etc) and I have stuck 19's on and done the Alpine stereo upgrade, and has just under 20K on the clock (07/57) - I pay £400 p/m and a mega insurance premium.

The BMW sales guy has offered to take my car and replace it with a similar spec'd 520d M, same age about 50K on the clock. This would in turn reduce my monthly repayment £300 (a saving of £100) and would reduce the overall monthly costs - fuel, insurance etc considerably.

Thoughts anyone

edowen · 02-02-2011, 06:48 AM

wouldnt bother myself.

Sell the car and buy a snotter for a while.

creepy coupe · 02-02-2011, 06:56 AM

Has the warranty expired on your car MB?

MB London · 02-02-2011, 06:59 AM

Quote:

Originally Posted by creepy coupe

Has the warranty expired on your car MB?

A couple of months ago

creepy coupe · 02-02-2011, 07:04 AM

Quote:

Originally Posted by MB London

A couple of months ago

Well if it were mine, I defo be looking at extended warranty, which is going to add another £10 pw to your out goings.

But based on the dealer offer, it's only £23.00 a week and as you said you're not struggling to pay it, either get shot altogether and run a cheaper run about, or keep it and get extended warranty, after all a blokes got to have something to get him up in the mornings.

FieldingMellish · 02-02-2011, 07:04 AM

FWIW I had a 525i M SPort as a courtesy car once, and although it had many good points, I found the handling to be nowhere near as involving as a 3 Series. A work colleague of mine was thinking of replacing his old (E46) 330i with a 5 Series, but when he tried one he had the same reaction as me. He ended up buying a Porsche!

Maybe you should try a One Series? I've been impressed by them lately.

creepy coupe · 02-02-2011, 07:28 AM

We have a 520d M sport company car and although it's a nice motorway mile cruncher, it's still very dated IMO. It's even the last of the old shape 5's.

Things I found lacking

No ambient lighting
No duel zone climate
No digital display to the heating controls, they a cheap and nasty knob with numbers printed around it
No LED's in the door handle outside

These are just what I can remember

kaishang · 02-02-2011, 07:50 AM

Really depends on how much you like your current car, how much you need more space since the 5-series is larger and how much you like the idea of more spare money - only you can answer that. The car itself will be a step down however

The difference may be £200/month. You will be trading a high performance medium size car for a lower performance large car with higher mileage, which means the new car will reach the end of its useful life before your current car.

In 1-2 years when the 50,000 mile car has 80,000 miles on it, what would you do then?

If you are looking at changing and are considering a 520d then you should be looking at ALL other similarly sized cars like a Honda Accord etc etc.

02-02-2011, 06:38 AM	#1
MB London Come as you are 136 Rep 1,404 Posts Drives: M4 SSll Join Date: Mar 2009 Location: London iTrader: (0)	Thoughts and opinions please All I am currently struggling to justify the repayments and running cost of my car, I am not struggling to pay them, but struggling to justify them as I have a mahoosive mortgage and a recent 2nd child. The early redemption figure on the car is £17K and that would leave circa 1K equity in the vehicle. As I requested an early redemption figure I naturally received a call from the dealer I purchased the car from, asking what my plans were. I explained that I am looking to reduce my monthly cost and was seeing what options I had. My current car has good spec (leather, auto, heated F seats, pro nav etc) and I have stuck 19's on and done the Alpine stereo upgrade, and has just under 20K on the clock (07/57) - I pay £400 p/m and a mega insurance premium. The BMW sales guy has offered to take my car and replace it with a similar spec'd 520d M, same age about 50K on the clock. This would in turn reduce my monthly repayment £300 (a saving of £100) and would reduce the overall monthly costs - fuel, insurance etc considerably. Thoughts anyone
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02-02-2011, 06:48 AM	#2
edowen Major 39 Rep 1,194 Posts Drives: E90 330i, 991 GTS, Cayenne S D Join Date: Nov 2008 Location: Uk iTrader: (0)	wouldnt bother myself. Sell the car and buy a snotter for a while.
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02-02-2011, 06:56 AM	#3
creepy coupe Lieutenant General 1867 Rep 13,043 Posts Drives: BMW M340I G20 Join Date: Aug 2007 Location: UK iTrader: (2) Garage List 2015 BMW 435d [0.00] 2009 335i [0.00]	Has the warranty expired on your car MB?
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02-02-2011, 07:04 AM	#6
FieldingMellish Captain 171 Rep 981 Posts Drives: F30 330D M Sport auto Join Date: Jan 2008 Location: Manchester iTrader: (0)	FWIW I had a 525i M SPort as a courtesy car once, and although it had many good points, I found the handling to be nowhere near as involving as a 3 Series. A work colleague of mine was thinking of replacing his old (E46) 330i with a 5 Series, but when he tried one he had the same reaction as me. He ended up buying a Porsche! Maybe you should try a One Series? I've been impressed by them lately.
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02-02-2011, 07:28 AM	#7
creepy coupe Lieutenant General 1867 Rep 13,043 Posts Drives: BMW M340I G20 Join Date: Aug 2007 Location: UK iTrader: (2) Garage List 2015 BMW 435d [0.00] 2009 335i [0.00]	We have a 520d M sport company car and although it's a nice motorway mile cruncher, it's still very dated IMO. It's even the last of the old shape 5's. Things I found lacking No ambient lighting No duel zone climate No digital display to the heating controls, they a cheap and nasty knob with numbers printed around it No LED's in the door handle outside These are just what I can remember
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02-02-2011, 07:50 AM	#8
kaishang Colonel 54 Rep 2,197 Posts Drives: 2010 E90 330d Join Date: Jul 2010 Location: London iTrader: (0)	Really depends on how much you like your current car, how much you need more space since the 5-series is larger and how much you like the idea of more spare money - only you can answer that. The car itself will be a step down however The difference may be £200/month. You will be trading a high performance medium size car for a lower performance large car with higher mileage, which means the new car will reach the end of its useful life before your current car. In 1-2 years when the 50,000 mile car has 80,000 miles on it, what would you do then? If you are looking at changing and are considering a 520d then you should be looking at ALL other similarly sized cars like a Honda Accord etc etc.
	Appreciate 0 Quote