10-12-2019, 07:51 AM | #67 | |
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If you know in advance that you're going to VT, it isn't really sensible to put your own deposit in as that is spread over the whole length of the deal. Eg, if you VT 2/3 of the way through, you've poured 1/3 of your deposit down the drain. A deposit only saves you interest on the £4K anyway, nothing else, which with low interest rates, is minimal. I guess it does give a placebo effect, making the monthly payment look about a hundred pounds less. Back on topic, the touring M340i looks fantastic, but I doubt the deals will ever be as good as the old F31 340i now that they've made them M light cars and pushed up the list price before you get started. |
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10-12-2019, 08:08 AM | #68 | |
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10-12-2019, 08:29 AM | #69 | |
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Given the high teens percentage discounting available from day one, I imagine a year from now they'll be falling over themselves to try and shift them. |
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10-12-2019, 08:56 AM | #70 | |
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10-12-2019, 04:48 PM | #71 | ||
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Therefore, while time might prove me wrong, if discounts of 20% are available now I think it's quite possible closer to 25% will be achievable 12 months hence (and that's pretty much what I got on my F31 about a year after the 335d derivative was launched). Obviously given the higher list price the G21 M340i will still be more expensive than the F31 340i for a given level of discount; however, once the higher spec is taken into account the difference may be justifiable/palatable? |
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11-02-2019, 07:47 AM | #72 | |
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I have a question on how Dealer Contribution is factored in to the VT calculation; they put in £3K on top of my £4K, so is the VT point 50% of the total to pay minus £4K or £7K? Makes a material difference to the VT point by about 6 months... According to the figure on the Termination rights of the agreement, the 50% figure excludes the Dealer Contribution but I’ve read elsewhere that it should only be the Manufacturer contribution that’s discounted from the calculation. On the agreement it states “advance payment” is £7K... Last edited by Blacktemplar; 11-02-2019 at 08:09 AM.. |
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11-02-2019, 08:06 AM | #73 | |
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11-02-2019, 08:11 AM | #74 | |
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In that case I hit VT in mid December so as long as I’m not changing before then should be ok |
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11-02-2019, 08:15 AM | #75 | |
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BMW let me delay my first payment by a month on my new one so I didn't have to wait as long. All I was bothered about was not having 2 payments in the same month. If you are serious about VTing phone them up and double check your date, they'll tell you over the phone |
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11-07-2019, 01:02 PM | #76 |
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Touring has made it into the visualiser also. M Perf kit etc all available in there.
Mexico Blue on M Perf Black Wheels https://visualizer.bmw-individual.co...ang=en&dc=1-4#
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11-07-2019, 01:06 PM | #77 | |
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And that's ok, plenty do, (Chris), but tricking yourself by putting in a deposit doesn't make it any cheaper. |
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11-07-2019, 01:08 PM | #78 | |
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11-07-2019, 03:34 PM | #79 |
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I think I would like to go for something different.
Maybe a dark green or red with extended cognac leather. Last edited by gIzzE; 11-08-2019 at 06:32 AM.. |
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11-07-2019, 04:39 PM | #80 | |
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So whilst it doesn’t make the car any cheaper, apart from a couple of hundred quid in interest, it does add to flexibility and work for me. That is what I am saying.... |
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11-08-2019, 05:18 AM | #83 |
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I do quite fancy one of these in spite of the ugly front end and crappy cerium stuff - although I also fancy a 5 again, for luxury and comfort.
Will hold out until more details of the 5 LCI are available. I suspect that discounts on the 5 will be a more generous than on the 3 next year
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11-08-2019, 06:48 AM | #84 | |
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For those that do though, it does matter. I'm not talking emotion, or writing something off on your head, I'm talking logic and facts and figures. If someone puts in a typical deposit it might save say £1000 in interest charges over the full term, probably less though, depending on rate. Say that deposit for ease is £4800 over 48 months. That deposit is spread evenly over all 48 months reducing your payment, so costing you a £100 per month. If you VT at 30 months, you've used £3,000 of that benefit, but wasted the remaining £1800 that you didn't get the benefit of. That is more than the interest you have saved by putting it in in the first place. If you think you might VT it is logically better to not put a deposit in unless the interest rates are stupidly high. |
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11-08-2019, 06:55 AM | #85 | |
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And unless I run into financial difficulties I wont. If I put a deposit in I am reducing the amount I owe and saving interest. If you set out with the intention to VT at earliest available point then you wouldnt put a deposit in, agreed. I dont. In fact, I am currently planning on buying this one out at some stage... but then I think I said that with the last one. The bit I find amusing of course is that we are talking about saving a few quid and best financial sense - in the same breath as talking about buying £50k to £60k cars. I think that might be the definition of irony! |
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11-08-2019, 07:40 AM | #86 | |
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I cant afford a £50-60k car, I can afford the £44k car I've just bought, but only if I manage those smaller amounts on other things well. It might not be a lot to you here and there, but to keep dismissing it as trivial to others is viewing their financial situations as being similar to yours. Mine certainly isn't. We've spoken face to face, and yes I earn a good salary, and yes I get good bonuses. But they are taken care of by family life in lots of different ways. If I manage the many small costs well, that makes me financially comfortable. If I ignore all of them and just shrug, it will all catch up with me eventually. |
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11-08-2019, 07:55 AM | #87 | |
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But yes, being older, having grown up kids and no one else to spend my money on helps. I'd swap it all in an instant of course. But if you really want to look after your money, buy something cheaper. It is only a car after all.... |
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11-08-2019, 08:03 AM | #88 | |
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Plus, in my life and in my job it just seems to make sense to control costs if you can. It's not hardship to do it. In fact if I'm negotiating something down I enjoy the process. I understand that others don't. |
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