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      04-03-2013, 05:18 PM   #1
Banksy
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Q2 Finance Rate

Does anyone know what the PCP rate is for this quarter?
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      04-03-2013, 05:32 PM   #2
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Quote:
Originally Posted by Banksy View Post
Does anyone know what the PCP rate is for this quarter?
I spoke to a dealer today on new 1 series told upto 5.9% apr know
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      04-03-2013, 05:34 PM   #3
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For the F30 it is 3.9% annoyingly (it was 4.9% in Q1 and I took out my agreement last week - Q1!)
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      04-03-2013, 05:50 PM   #4
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Originally Posted by joe_hall View Post
For the F30 it is 3.9% annoyingly (it was 4.9% in Q1 and I took out my agreement last week - Q1!)
I wonder if they will give me the lower rate of 3.9% mY order went in 20th feb worth a phone call as contract not started
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      04-03-2013, 06:37 PM   #5
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I was thinking you get the rate at time of signing contracts. I was told that if my car came in too late, it may have been subject to whatever the new rate would have been.
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      04-03-2013, 08:36 PM   #6
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Wow, hope its not dropped to 3.9%, only had the car 2 weeks and the first payments not due out till end of this month. Maybe worth a phone call!?
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      04-04-2013, 01:53 AM   #7
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Quote:
Originally Posted by MRPoisson View Post
Wow, hope its not dropped to 3.9%, only had the car 2 weeks and the first payments not due out till end of this month. Maybe worth a phone call!?
Same here but I think unfortunately for us the contract has been signed at 4.9 so 4.9 it is.
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      04-04-2013, 02:40 AM   #8
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Dealer (Sytner) told me rate is 4.9% on F31 330d if order confirmed in April. I would be pleased if I could get 3.9% though. No rates / offers seem to be published on the various dealer websites at the moment.
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      04-04-2013, 03:06 AM   #9
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Hi all...new to this forum, but would like to pick the brains of you seasoned users/buyers!

My story is that I have been in a lease deal with my E90 330d m sport which I got new in Sep 10. It's been brilliant until Nov 12...when it all went horribly wrong. Nine times it was recovered with the same electrical fault and finally, when I was left stranded on my wife's birthday last Friday the lease company and BMW UK finally came round to my way of thinking in that the car was not fit for purpose! They officially take it back this coming Friday.

So, since Nov 12, I have driven 9 different F30's...from a 320d se manual to a 330d m sport with more toys than Hamleys. (All hire cars provided via BMW whilst they 'fix' my car...)

So, now I am without wheels and am looking to get into a 330d m sport via a personal lease deal. (I hope I am correct with this thread being on pcp rates that I am in the right place..)

So, my questione to you knowledgeable folks, is simply 'who is currently offering the best personal lease deals'?

I have been in touch with probably 10 diff companies (Freedom, Gateway, Synergy etc etc) and all have amazing deals on their websites, but when you get in touch, the costs seem to spiral!

If someone can give me some ball parks as to what they are paying (3+35, 15k mpa, 330d m sport prof nav and heated seats pls!) and where the best current deals are, I'd much appreciate it.

Then I can get ordered and get back on here posting about how good the car is!!

Many thanks all, appreciate any advice you can give me
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      04-04-2013, 03:19 AM   #10
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Quote:
Originally Posted by NISFAN View Post
I was thinking you get the rate at time of signing contracts. I was told that if my car came in too late, it may have been subject to whatever the new rate would have been.
That will be the case for sure as rates could have gone up, if the f31 is 3.9% still only costs a phone call and a no never hurts anyone
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      04-04-2013, 04:29 AM   #11
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Quote:
Originally Posted by MRPoisson View Post
Wow, hope its not dropped to 3.9%, only had the car 2 weeks and the first payments not due out till end of this month. Maybe worth a phone call!?
I'm in same boat, agreed a deal at 4.9% in January, collected car 1st March and first payment not due until 10th April and now I see the rate is 3.9%. It's not a HUGE difference though and I see it as the "total" deal you get anyway (finance, discount, part-ex etc) so I won't be contacting the dealer.
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      04-04-2013, 05:09 AM   #12
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You may be told you got a bigger discount for ordering end of quarter 1 which more than outweighs the lowering of the rate and this is more than likely true as if targets are needing met by quarter end the discount will ramp up to get the deal.

Good deals therefore to be had end of June this year.
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      04-04-2013, 05:40 AM   #13
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Quote:
Originally Posted by davyk31 View Post
You may be told you got a bigger discount for ordering end of quarter 1 which more than outweighs the lowering of the rate and this is more than likely true as if targets are needing met by quarter end the discount will ramp up to get the deal.

Good deals therefore to be had end of June this year.
Interesting though as I was informed when I looked to do a deal late December that it wasn't to point of order that mattered but delivery when it counted in the system so they were relaxed about not doing a deal until early January as it would show up in the figures at the same time (early March).
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      04-04-2013, 01:08 PM   #14
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Not sure where this suggested 3.9% APR rate on PCP is coming from? I have looked on quite a few dealers websites now and the only rate I can find is the recently updated one on the main BMW website, indicating 4.9%.

Therefore I don't think there is anything to worry about.

Edit: My major error - 3.9% on the saloon and 4.9% on the tourer. Sorry - I was looking at the tourer only which Banksy (OP) has on order

Last edited by gadgetboy; 04-04-2013 at 01:21 PM. Reason: Error in accruracy of post
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      04-04-2013, 01:34 PM   #15
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I personally much prefer BMW PCP compare to any other lease as you not locked into your contract means you can actually sell the car any time before your time is up and just pay off the finance unlike other leases where you have to complete the time you sign for no matter what. It's handy when you can't afford your lease anymore for whatever reason or just want a different car after a while.
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      04-04-2013, 01:50 PM   #16
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This will be salesman speak no doubt but when the rates temporarily shot up to the default 8% between the old Q4 campaign and the new Q1 2013 rate my dealer assured me that was I to place an order @ 8 and then the rates dropped to 4.9 (as they did) he would be obliged to pass on the rate cut in full. He claimed that it was a BMW rule to stop dealers creaming off the excess between customer and finance house.

Of course he would say that wouldn't he and as it happened it didn't feel right so I waited until the rates actually dropped

Shame the f31 rates haven't dropped for q2 as I would have loved to remind him of his words, particularly as my car was supposed to have been delivered in Q1
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      04-04-2013, 02:31 PM   #17
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Quote:
Originally Posted by gavmobile View Post
This will be salesman speak no doubt but when the rates temporarily shot up to the default 8% between the old Q4 campaign and the new Q1 2013 rate my dealer assured me that was I to place an order @ 8 and then the rates dropped to 4.9 (as they did) he would be obliged to pass on the rate cut in full. He claimed that it was a BMW rule to stop dealers creaming off the excess between customer and finance house.

Of course he would say that wouldn't he and as it happened it didn't feel right so I waited until the rates actually dropped

Shame the f31 rates haven't dropped for q2 as I would have loved to remind him of his words, particularly as my car was supposed to have been delivered in Q1
I don't understand this. The rate has absolutely nothing to do with your dealer, he never sees a penny of your payments directly, so how can there be any 'creaming'?
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      04-04-2013, 03:31 PM   #18
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Quote:
Originally Posted by NISFAN View Post
I don't understand this. The rate has absolutely nothing to do with your dealer, he never sees a penny of your payments directly, so how can there be any 'creaming'?
The only thing the dealer can set is the fee's set up between 0 and 275 and end Fee BMW finance 10 plus dealer can add between 0 and 275 told by good source average 175 each end to the dealer nice earner, all done by BMW know
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      04-04-2013, 03:52 PM   #19
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Quote:
Originally Posted by NISFAN View Post
I don't understand this. The rate has absolutely nothing to do with your dealer, he never sees a penny of your payments directly, so how can there be any 'creaming'?
Well quite. It was a bit of salesmanship. Might be something in it though in the sense that BMW FS insist rate cuts are passed on. Doubt you'll get anywhere if finance papers have been signed though
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      04-05-2013, 02:09 PM   #20
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According to the Sytner website there aren't any current finance offers on F31 Tourings
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      04-05-2013, 02:26 PM   #21
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And just to confirm, I definitely got a rate of 3.9% on my F30 when I put my order in on Tues.
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      04-05-2013, 02:33 PM   #22
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Its on the UK website now on the finance calulator when you build your model. Not happy, two weeks and I would have got an extra 1% off Grrr...
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