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      01-14-2019, 02:32 PM   #1
Chelsea_Tractor
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Is it possible to decrease mileage on PCP?

I know people can increase mileage but can it work the opposite way if someone over estimated their mileage needs?

Curious
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      01-14-2019, 02:37 PM   #2
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Yes it was explained to me this way that you can't increase but can phone bmw finance and reduce your milage.
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      01-14-2019, 03:06 PM   #3
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They probably only allow it once. On my previous BMW, I had increased from 10k to 12k a year. If I remember the person I spoke to said you can only do it once. I wonder if that once is either way.
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      01-14-2019, 03:18 PM   #4
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I might give them a call. My mileage has gone down from 25,000 to 20,000 a year since we started doing all our family miles in the wifes car.

Overall will be 20,000 less when I get to the end of year 4. Although, I won't get that far
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      01-14-2019, 03:24 PM   #5
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Quote:
Originally Posted by Goneinsixtyseconds View Post
I might give them a call. My mileage has gone down from 25,000 to 20,000 a year since we started doing all our family miles in the wifes car.

Overall will be 20,000 less when I get to the end of year 4. Although, I won't get that far
And of course if you VT, mileage versus contracted allowance is irrelevant...
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      01-14-2019, 03:26 PM   #6
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Originally Posted by isleaiw1 View Post
And of course if you VT, mileage versus contracted allowance is irrelevant...
So says one person. I might VT, but I don't do it to steal miles, can't be bothered with the massive battle.
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      01-14-2019, 03:38 PM   #7
isleaiw1
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Originally Posted by Goneinsixtyseconds View Post
So says one person. I might VT, but I don't do it to steal miles, can't be bothered with the massive battle.
It was said very tongue in cheek...
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      01-14-2019, 04:02 PM   #8
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Supposedly decreasing miles would then affect GFV, therefore monthlies?
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      01-14-2019, 05:55 PM   #9
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Quote:
Originally Posted by Nart View Post
Supposedly decreasing miles would then affect GFV, therefore monthlies?
Similarly, leaving it as is but returning with 20k less 'should' leave the car being worth more than the original GFMV, so technically you could shop it around and get more than the GFMV even if BMW don't give it to you?

A colleague of mine only does 6k a year but has had a couple of Audi's on 8k per annum deals. He says the lower than expected mileage has helped him at switch over time. In your case I'd imagine that you should be quite a bit better off at the end...
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      01-14-2019, 05:59 PM   #10
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Quote:
Originally Posted by C320 View Post
Similarly, leaving it as is but returning with 20k less 'should' leave the car being worth more than the original GFMV, so technically you could shop it around and get more than the GFMV even if BMW don't give it to you?

A colleague of mine only does 6k a year but has had a couple of Audi's on 8k per annum deals. He says the lower than expected mileage has helped him at switch over time. In your case I'd imagine that you should be quite a bit better off at the end...
I doubt it. It's not far off the GFV now at trade value! BMW sometimes a bit ambitious with GFV to keep prices low.

I'd rather have reduced monthlies now, than something that might not exist in the future. Not sure if they even do that though. Can't hurt to ask.
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      01-14-2019, 06:01 PM   #11
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Quote:
Originally Posted by Goneinsixtyseconds View Post
I doubt it. It's not far off the GFV now at trade value! BMW sometimes a bit ambitious with GFV to keep prices low.

I'd rather have reduced monthlies now, than something that might not exist in the future. Not sure if they even do that though. Can't hurt to ask.
That's true they can be a bit off with their values! As you say, it doesn't hurt, so definitely worth asking. Who knows, they may well agree

Keep us all posted!
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      01-14-2019, 06:29 PM   #12
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You say overinflated GFV?
Trade in 218d GT after 2.5yeas, GFV after 4 years was 13k on paper, not exceeded the millage, good spec, PX 15k.
Did not like the car took loss on chin.
No more "exotic" cars like that
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      01-15-2019, 05:21 AM   #13
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Quote:
Originally Posted by adam.b View Post
You say overinflated GFV?
Trade in 218d GT after 2.5yeas, GFV after 4 years was 13k on paper, not exceeded the millage, good spec, PX 15k.
Did not like the car took loss on chin.
No more "exotic" cars like that

I had similar problem with giving away to a trader my high spec 320d X-drive touring.
On the chin or in the balls it's the really of parting with your nice motor.
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