Probably coming back to a BMW

Carrera RSR · 11-10-2011, 03:44 PM

Having changed jobs earlier this year and having to give up my fantastic 320d M Sport for a dull as dishwater A4 Avant SE 130bhp! I am about to change jobs again. However instead of a fully expensed company car of choice I now have to fund my own car, maintenance, insurance and fuel with car allowance and mileage expenses.

This is all new to me and I'm swatting up on the pros, cons and pitfalls. The nice bit is going shopping for a car this weekend and don't know whether to buy a new or used 3 or 5 M Sport Touring, which engine, dealer finance or bank loan.

I need the car ideally by Christmas and considering the Country and car sales is on its ass I'm ready to 'drive the deal'.

I've got £600ish net per month to spend and minimal deposit to put down of up to £5k, ideally less.

Any advice, any deals I should be looking out for, what finance % rates are available?

pjs · 11-10-2011, 04:03 PM

Too much choice - that's a decent enough budget to get a very tasty car. Lombard recently quoted me 6.5% apr on a 3 year no deposit balloon. For a Â£31k car with a Â£12k balloon in 3 years = Â£634/month.

Carrera RSR · 11-10-2011, 04:11 PM

A 320d Sport Plus is coming out at £39k !!! Too many toys? I'll also be doing circa 25,000 miles per year minimum. Both add heavily to monthly figure.

Or I smoke around in the 924 turbo, but it will need £500 per month to maintain it with that mileage. Bloody expensive little thing!!

pjs · 11-10-2011, 04:15 PM

We are in a very similar situation- but I've just chosen to lease a merc . Probably only to be recommended if you are confident of staying in the job for 2 years.

Carrera RSR · 11-10-2011, 04:19 PM

Quote:

Originally Posted by pjs

We are in a very similar situation- but I've just chosen to lease a merc . Probably only to be recommended if you are confident of staying in the job for 2 years.

I hear there are some good rates for Merc C Class at the minute, but the dealer I visited last week was keeping them close to his chest! Suggested £375/month with £5k down on a £30k car, but only 12,000 mile pa. iirc.

pjs · 11-10-2011, 04:24 PM

The merc dealers can't touch the rates offered by the lease companies. Bizarrely though, once I had placed the order via a lease co, the actual contract and supply is by mercedes corporate. New nov offers are due to be released in the next few days according to my supplier.

Carrera RSR · 11-10-2011, 04:28 PM

Any favourable lease companies I should be sending my specs/talking to?

pjs · 11-10-2011, 04:32 PM

Quote:

Originally Posted by Carrera RSR

Any favourable lease companies I should be sending my specs/talking to?

Will drop you a pm.

Andrew@DTUK · 11-10-2011, 04:37 PM

Quote:

Originally Posted by Carrera RSR

Any favourable lease companies I should be sending my specs/talking to?

As pjs has mentioned there are some cracking deals on Merck at present and a new bat h of c class estates, saloons and coupes have just been released by MBUK

Check out www.contracthireandleasing.com

I've just been offered a 250cdi coupe amg 125 on 6 plus 23 on 20k pa for £342 plus vat per month

F31-340i · 11-10-2011, 04:41 PM

Quote:

Originally Posted by Andrew@DTUK

As pjs has mentioned there are some cracking deals on Merck at present and a new bat h of c class estates, saloons and coupes have just been released by MBUK

Check out www.contracthireandleasing.com

I've just been offered a 250cdi coupe amg 125 on 6 plus 23 on 20k pa for £342 plus vat per month

Insane - SLK200 from £199+VAT

http://www.contracthireandleasing.co...edes-benz/slk/

pjs · 11-10-2011, 04:49 PM

Guess some of us prefer a 'deal' to a 'bmw' right now. OP will have plenty of choice whichever route he goes down. Paying more interest than you need to on a traditional deal is something i'm sure none of us want to do.

jimmylad · 11-10-2011, 04:51 PM

Quote:

Originally Posted by ///ajd

Insane - SLK200 from £199+VAT

http://www.contracthireandleasing.co...edes-benz/slk/

That is bloody cheap!! whats the catcH?

Will lose that everymonth on my car & got to maintain it too if it breaks etc...

F31-340i · 11-10-2011, 05:05 PM

Quote:

Originally Posted by jimmylad

That is bloody cheap!! whats the catcH?

Will lose that everymonth on my car & got to maintain it too if it breaks etc...

Not sure there is one.

Bit off topic, but same site.....

MINI Cooper S Convertible
1.6 [184] 2dr
3+11 10K miles p/a

£149

[ex VAT and business only though]

jimmylad · 11-10-2011, 05:12 PM

149+vat wouldnt cover the depreciation would it ? even taking into account a deposit. Things must be bad or desperate.

got the money, got a business... hmmm.....

Mrs would go mad though afterall the money & work making the 335 mint

F31-340i · 11-10-2011, 05:25 PM

Quote:

Originally Posted by jimmylad

149+vat wouldnt cover the depreciation would it ? even taking into account a deposit. Things must be bad or desperate.

got the money, got a business... hmmm.....

Mrs would go mad though afterall the money & work making the 335 mint

I think the cheapest ones are on cars that must be carrying a big discount from the manufacturer, but are also likely to retain value well. The latter assumption may prove flawed however, once we enter the dark realms of the destruction of the euro zone......

Carrera RSR · 11-11-2011, 10:22 AM

Some homework today

Lease companies contacted can't offer a car to my spec. Stock cars only and/or business only

Audi suggesting an A6 can be sought for the same money as A4, in my budget but couldn't put a car or quote in front of me!! Awaiting response

Mercedes was a waste of time probably due to the old school salesman. Kept telling me what he can't do not what can be done. Dick!

BMW got a 5 series close to my spec and very close to budget. 3 series smack on spec, smack on budget and smack on timing.

BMW are in pole position at present..........

jjbirch530d · 11-11-2011, 04:18 PM

hi m8 its james we have met on a few meets, i thought of spending 500-600 on a daily driver would get to me every night i go to sleep, yes it would be lovely to have a new car,
but this car my uncle has for sell in barnstaple its a merc c- class coupe small hatch back shape, it must be the best one of this age in the uk fully garaged and only driven to shopping trips car must of been 30k new even has a glass roof, and he wants 5k for it and its done 23k from new, someone is going to get a real bargain, buy something like this and keep the 15k saving for your kids or a second car

http://www.ebay.co.uk/itm/2003-MERCE...1#ht_500wt_949

chris_s1 · 11-11-2011, 05:06 PM

I've just arranged a contract hire car for my wife, and after going round many dealerships looking at different cars, I my experience not a single salesman or business manager knew half as much as I did about vehicle finance and contract hire in particular, and I don't claim to be an expert by any means.

If you are thinking about it, you need to speak to experts not the salesmen at dealerships. They have no interest in selling you a vehicle on contract hire and will tell you anything to persuade you that buying it is a good move.

We got a Nissan Qashqai 1.6 n-tec on a 3+23, 10K miles per yr, including full maintenance for £239/month.

I used http://www.contracthireacar.com after I saw the deal on http://www.contracthireandleasing.com. They were very good and didn't mess about. The whole thing was sorted in less than a week and delivered to my door 10 days later.

We bought her previous car new in cash 3 years ago and I am about to loose my shirt as no-one is buying private used cars. If I had contract hired that I would be about £1k-£1.5k better off at least.........
I'm never buying a car in cash again

gIzzE · 11-11-2011, 05:25 PM

I am considering swapping my E320cdi for this....

http://www.contracthireandleasing.co...class/4247350/

Just over £320 a month for a brand new £38k car.

No way I would buy a new 3 series now with the new one coming. Unless it was the new one you are considering.

Carrera RSR · 11-12-2011, 08:21 AM

Quote:

Originally Posted by jjbirch530d

hi m8 its james we have met on a few meets, i thought of spending 500-600 on a daily driver would get to me every night i go to sleep, yes it would be lovely to have a new car,
but this car my uncle has for sell in barnstaple its a merc c- class coupe small hatch back shape, it must be the best one of this age in the uk fully garaged and only driven to shopping trips car must of been 30k new even has a glass roof, and he wants 5k for it and its done 23k from new, someone is going to get a real bargain, buy something like this and keep the 15k saving for your kids or a second car

http://www.ebay.co.uk/itm/2003-MERCE...1#ht_500wt_949

Hi James, I have a second car for the wife (A Class), and a third car as my toy. This is a business tool and space is needed for kit and 25k+ miles per year. Space is also needed as a weekend family car for four. So as nice as the above is, its not for me.

The big issue with my monthly payment is the 25k+ miles per year and not wanting to keep a car for more than 3 years.

Currently a 3 series touring deal isn't cheap enough as an outgoing model (£39k @ £625). The A6 is a good price but I'm hoping to get it cheaper (£39k @ £622). The 5 series is too expensive v's the A6 (£40k @ £670). Need to revisit another Merc dealer as the first was shit.

willhollin · 11-12-2011, 08:26 AM

Who you going to work for now?

gIzzE · 11-12-2011, 08:35 AM

I wouldn't be doing any of these deals through the dealers, they just can't compete.
Some of the contract hire places are getting up to 28% off new cars through Mercedes and Audi UK, the dealers are struggling to get 15%.

You can hire an E250cdi sport estate Edition 125 over 2 years for £2k deposit and just over £500 a month, that is doing 20k miles a year.
Going to 25K miles will add around £30 a month.

You can be into a C250cdi Sport estate edition 125 for £450 a month doing 25k miles a year.

These cars come with everything you need including comand and bluetooth and the prices are including vat.

You simply can't buy one cash and loose less than that.

11-10-2011, 03:44 PM	#1
Carrera RSR Colonel 75 Rep 2,937 Posts Drives: BMW Join Date: Apr 2008 Location: Location: Location: iTrader: (1)	Probably coming back to a BMW Having changed jobs earlier this year and having to give up my fantastic 320d M Sport for a dull as dishwater A4 Avant SE 130bhp! I am about to change jobs again. However instead of a fully expensed company car of choice I now have to fund my own car, maintenance, insurance and fuel with car allowance and mileage expenses. This is all new to me and I'm swatting up on the pros, cons and pitfalls. The nice bit is going shopping for a car this weekend and don't know whether to buy a new or used 3 or 5 M Sport Touring, which engine, dealer finance or bank loan. I need the car ideally by Christmas and considering the Country and car sales is on its ass I'm ready to 'drive the deal'. I've got £600ish net per month to spend and minimal deposit to put down of up to £5k, ideally less. Any advice, any deals I should be looking out for, what finance % rates are available?
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11-10-2011, 04:03 PM	#2
pjs Colonel 275 Rep 2,774 Posts Drives: i8 Join Date: Oct 2008 Location: NORTH iTrader: (1)	Too much choice - that's a decent enough budget to get a very tasty car. Lombard recently quoted me 6.5% apr on a 3 year no deposit balloon. For a Â£31k car with a Â£12k balloon in 3 years = Â£634/month.
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11-10-2011, 04:11 PM	#3
Carrera RSR Colonel 75 Rep 2,937 Posts Drives: BMW Join Date: Apr 2008 Location: Location: Location: iTrader: (1)	A 320d Sport Plus is coming out at £39k !!! Too many toys? I'll also be doing circa 25,000 miles per year minimum. Both add heavily to monthly figure. Or I smoke around in the 924 turbo, but it will need £500 per month to maintain it with that mileage. Bloody expensive little thing!!
	Appreciate 0 Quote

11-10-2011, 04:15 PM	#4
pjs Colonel 275 Rep 2,774 Posts Drives: i8 Join Date: Oct 2008 Location: NORTH iTrader: (1)	We are in a very similar situation- but I've just chosen to lease a merc . Probably only to be recommended if you are confident of staying in the job for 2 years.
	Appreciate 0 Quote

11-10-2011, 04:24 PM	#6
pjs Colonel 275 Rep 2,774 Posts Drives: i8 Join Date: Oct 2008 Location: NORTH iTrader: (1)	The merc dealers can't touch the rates offered by the lease companies. Bizarrely though, once I had placed the order via a lease co, the actual contract and supply is by mercedes corporate. New nov offers are due to be released in the next few days according to my supplier.
	Appreciate 0 Quote

11-10-2011, 04:28 PM	#7
Carrera RSR Colonel 75 Rep 2,937 Posts Drives: BMW Join Date: Apr 2008 Location: Location: Location: iTrader: (1)	Any favourable lease companies I should be sending my specs/talking to?
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11-10-2011, 04:49 PM	#11
pjs Colonel 275 Rep 2,774 Posts Drives: i8 Join Date: Oct 2008 Location: NORTH iTrader: (1)	Guess some of us prefer a 'deal' to a 'bmw' right now. OP will have plenty of choice whichever route he goes down. Paying more interest than you need to on a traditional deal is something i'm sure none of us want to do.
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11-10-2011, 05:12 PM	#14
jimmylad Lieutenant 44 Rep 565 Posts Drives: e92 335d sapphire black Join Date: Nov 2010 Location: DERBY iTrader: (1)	149+vat wouldnt cover the depreciation would it ? even taking into account a deposit. Things must be bad or desperate. got the money, got a business... hmmm..... Mrs would go mad though afterall the money & work making the 335 mint
	Appreciate 0 Quote

11-11-2011, 10:22 AM	#16
Carrera RSR Colonel 75 Rep 2,937 Posts Drives: BMW Join Date: Apr 2008 Location: Location: Location: iTrader: (1)	Some homework today Lease companies contacted can't offer a car to my spec. Stock cars only and/or business only Audi suggesting an A6 can be sought for the same money as A4, in my budget but couldn't put a car or quote in front of me!! Awaiting response Mercedes was a waste of time probably due to the old school salesman. Kept telling me what he can't do not what can be done. Dick! BMW got a 5 series close to my spec and very close to budget. 3 series smack on spec, smack on budget and smack on timing. BMW are in pole position at present..........
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11-11-2011, 04:18 PM	#17
jjbirch530d Banned 2 Rep 103 Posts Drives: bmw 5 series Join Date: Nov 2011 Location: n devon iTrader: (0)	hi m8 its james we have met on a few meets, i thought of spending 500-600 on a daily driver would get to me every night i go to sleep, yes it would be lovely to have a new car, but this car my uncle has for sell in barnstaple its a merc c- class coupe small hatch back shape, it must be the best one of this age in the uk fully garaged and only driven to shopping trips car must of been 30k new even has a glass roof, and he wants 5k for it and its done 23k from new, someone is going to get a real bargain, buy something like this and keep the 15k saving for your kids or a second car http://www.ebay.co.uk/itm/2003-MERCE...1#ht_500wt_949
	Appreciate 0 Quote

11-11-2011, 05:06 PM	#18
chris_s1 Major 36 Rep 1,113 Posts Drives: M235i 6MT Join Date: Jun 2009 Location: Ontario, Canada iTrader: (0) Garage List 2012 E92 335d [8.66]	I've just arranged a contract hire car for my wife, and after going round many dealerships looking at different cars, I my experience not a single salesman or business manager knew half as much as I did about vehicle finance and contract hire in particular, and I don't claim to be an expert by any means. If you are thinking about it, you need to speak to experts not the salesmen at dealerships. They have no interest in selling you a vehicle on contract hire and will tell you anything to persuade you that buying it is a good move. We got a Nissan Qashqai 1.6 n-tec on a 3+23, 10K miles per yr, including full maintenance for £239/month. I used http://www.contracthireacar.com after I saw the deal on http://www.contracthireandleasing.com. They were very good and didn't mess about. The whole thing was sorted in less than a week and delivered to my door 10 days later. We bought her previous car new in cash 3 years ago and I am about to loose my shirt as no-one is buying private used cars. If I had contract hired that I would be about £1k-£1.5k better off at least......... I'm never buying a car in cash again
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11-11-2011, 05:25 PM	#19
gIzzE Major General 363 Rep 5,984 Posts Drives: F11 + 911 C4 Join Date: Apr 2006 Location: Norfolk, UK. iTrader: (2)	I am considering swapping my E320cdi for this.... http://www.contracthireandleasing.co...class/4247350/ Just over £320 a month for a brand new £38k car. No way I would buy a new 3 series now with the new one coming. Unless it was the new one you are considering.
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11-12-2011, 08:26 AM	#21
willhollin Major General 268 Rep 9,915 Posts Drives: VW T5 Join Date: Apr 2008 Location: Worcestershire iTrader: (1) Garage List 2007 BMW E92 330d SE [10.00] 2010 Transporter T5 ... [0.00]	Who you going to work for now? __________________
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11-12-2011, 08:35 AM	#22
gIzzE Major General 363 Rep 5,984 Posts Drives: F11 + 911 C4 Join Date: Apr 2006 Location: Norfolk, UK. iTrader: (2)	I wouldn't be doing any of these deals through the dealers, they just can't compete. Some of the contract hire places are getting up to 28% off new cars through Mercedes and Audi UK, the dealers are struggling to get 15%. You can hire an E250cdi sport estate Edition 125 over 2 years for £2k deposit and just over £500 a month, that is doing 20k miles a year. Going to 25K miles will add around £30 a month. You can be into a C250cdi Sport estate edition 125 for £450 a month doing 25k miles a year. These cars come with everything you need including comand and bluetooth and the prices are including vat. You simply can't buy one cash and loose less than that.
	Appreciate 0 Quote