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PCP Interest rates
| 02-14-2019, 04:25 AM | #1 |
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PCP Interest rates
Thinking of doing pcp for the first time on an ex demonstrator - always bought cars with bank loan - so bmw site quotes 12.4% apr
 - so question - is this rate negotiable ? |
| 02-14-2019, 04:33 AM | #2 | |
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| 02-14-2019, 05:04 AM | #3 |
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I got 5.9% on a used BMW in December
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| 02-14-2019, 05:06 AM | #4 |
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When looking at Ex demo cars, it is worth also considering looking at new as they often have better margins on new cars and able to offer much better discounts / apr rates.
New can sometimes work out about the same as used when factoring in the extra cost of interest on used. |
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| 02-14-2019, 06:05 AM | #5 |
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On a related note....how much can you haggle on the price of a used car?
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| 02-14-2019, 06:16 AM | #6 |
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I got 6.9% on a demo with 40 miles on the clock back in August.
Along with a £3k deposit contribution.
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| 02-14-2019, 06:38 AM | #7 | |
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Typical discounts on new 3/4 series is 20-23% with contributions from dealer and BMW finance, often at new car APR of max 3.9% ish, if not lower watch for the quarter by quarter changes...
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| 02-14-2019, 06:55 AM | #8 |
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I got 0% on the 4 series offer in December
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| 02-14-2019, 07:01 AM | #9 | |
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| 02-14-2019, 08:28 AM | #10 |
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I had a 0% one last May.. £70/month saving equivalent....
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| 02-14-2019, 08:44 AM | #11 | |
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I was told that they can’t go below 7.8% if the car is over 6 months old and that it’s possible to get as low as 3.9 if the qualifies as being new enough (I seem to recall this meaning less than 6 months and 1k miles). Anyone know about this detail? |
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| 02-14-2019, 09:30 AM | #12 | |
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| 02-14-2019, 01:14 PM | #13 | |
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