12-20-2015, 02:44 AM | #45 |
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So if you plan on keeping the car after the agreement the deal doesn't do anything because increase mileage just effects whatever value you have in your car one the deal is complete?
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12-20-2015, 02:59 AM | #46 | |
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Though if you went way over your mileage and decided to just keep a car to save paying the excess mileage charge then this might avoid that need.
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12-20-2015, 03:41 AM | #47 | |
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When they assess it at the end of the deal and I've only done 8k a year rather than the 16k I said, does that mean I will get charged on a higher GFV than the one linked to the lower mileage? |
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12-20-2015, 03:45 AM | #48 | ||
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12-20-2015, 04:05 AM | #49 | |
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The excess mileage charges are to offset the cars net book value with a higher than agreed mileage against the original GFV. |
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12-20-2015, 04:39 AM | #51 | ||
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The X4 looks ok but no more special than a 3 and less space - no point. The ideal would be a new 5 but for additional space (flat floor) and practicality I'm thinking a 4x4 platform - not had one for years. The 6 would be my number 1 choice if I hade no kids but the 4 seat format doesn't suit us theses days and they are tiny in the back. Best looking BMW by far though.
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12-20-2015, 05:01 AM | #52 | |
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12-20-2015, 07:48 AM | #53 | ||
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12-20-2015, 08:59 AM | #54 | |
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So basically if your car goes over the mileage then it's probably better to hand or trade in because if you pay the lump sum that was calculated initially will be higher than the value of the car |
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12-20-2015, 10:04 AM | #55 | ||
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Disco is WAY more refined than F30 so I'm happy with getting M3 for moment as if we all do a long trip, it's in the Disco. Very nearly pushed the button on a 740d though before ordered M3. Deals aren't good enough. Reckon I'll keep the M3 until I can get a deal on new M5 xDrive.
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12-20-2015, 10:49 AM | #56 |
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Mmmm M5 xDrive....
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12-20-2015, 04:20 PM | #57 | |
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I had 2 E92's and they cut costs between the 2 cars in the same generation. Look at what the sun blinds are made of. They took out sound proofing out the engine bays. They took away the can cooler out of the arm rest. Those savings went in to the F30. The F10 BMW doesnt have any cost cutting. I buy my cars under 10k miles and i often see very little cost difference between the 3,4,5 series. You only get raped if you buy the car new. I had a 335 for 2 weeks and i hated it. Halogen lights, wobbly suspension, road noise sucked. handling wasnt great like the coupe/vert. 3 years time i will get me a 540d with M Adaptive Suspension. This will have the handling the comfort the refinement and cabin and above all the engine hopefully without shitty xdrive. |
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12-20-2015, 05:03 PM | #58 | |
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Okay you did not like the 2nd hand car you bought, fair enough, handling yeah you likely would not know, however BMW halogens have always been shit, you knowing bought a 2nd hand car with halogens..... The 5 series will have cost cutting, every design and development process does. You design and build prototypes and pre production builds against a BOM. Then finance etc step in and say, right do the same car to these costs. Also buying new does not always rape you. If you get a good discount, it alleviates that initial new drop. For example E91 320d £21k new Mondeo £15k (£23k without discounts). BMW have the problem of remaining cost effective and still produce cars in Germany with its high wage bills. |
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12-20-2015, 05:13 PM | #59 | |
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5 series definitely does have cost cutting! The M Sport seats have no width adjustment like the F30 so slim guys like me rattle about in the seats! Bonnet has old school release catch that you have to feel around with your hand under the bonnet to find, getting your hands dirty in the process, the interior dome, reading & vanity lights are all incandescent filament bulbs, not LED like the F30. And most shockingly of all, brand new 5 series still have the old NBT pro media system, not the newer NBT EVO that the F30 has! |
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12-20-2015, 06:29 PM | #60 | |
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Also dont forget that the F10 is older so the newer features are not in the car like the F30. They didnt take things off the car like they did with the 3 series variants. Downgrading items in the car from one model year to another. Oh and lets not forget that most things are standard on a 530 and the 335 comes with halogens until recently... |
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12-21-2015, 03:15 AM | #61 | |
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12-21-2015, 03:19 AM | #62 |
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12-21-2015, 03:48 AM | #63 |
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Could we go back for some On Topic
Could anyone who calls up in the next few days ask if there is any minimum period that needs to have run on the PCP deal before taking this up? I'm in the dangerous position of about to sign finance docs etc. If I can I will go 8k/10k mpa then call the next week once paperwork has gone through to up it to 25k mpa! If there's a risk that will cost more than making the original deal at 20k mpa I will just sign up when collecting the car to the 20k mpa. It feels like they're going to close this loophole any minute!
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12-21-2015, 06:21 AM | #64 |
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OK, so, I am reading these posts about changing the mileage allowance on your agreement, but I am not really understanding them in so far as how it changes the "optional final payment" (OFP)...
When we all set up our PCP's, the OFP was set as a function of, basically, the length of term, annual estimated mileage and the spec of car... If you want to purchase at the end of the term, that's the figure you will pay to own the car... It is part of the credit agreement we signed and forms part of the "total amount payable"... What they do, if you hand the car back, is to waive the OFP in lieu of their taking the car back... Ok, so, am I reading the above posts correctly, if you get a concessionary change in mileage, it is being suggested that they will (consequently) lower the "Guaranteed Future Value" (GFV) (I cannot see that term in my finance agreement)... What I do not understand is how this affects the OFP... Are we saying, in these posts, that OFP and GFV are interchangeable terms..? To be honest, I cannot see the OFP changing... I mean, why would it..? Why would they ask for less at the end of the term than we agreed to pay..? My guess is that they are offering a concessionary waiving of the excess mileage charges... Which is still worth having, of course.... Be interested to hear more...
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12-21-2015, 06:32 AM | #65 | |
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12-21-2015, 06:39 AM | #66 | |
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I thought I was going daft, when reading through, but it makes sense now... So, the advice is, if you are creeping over, is simply to call them and ask for the concessionary change in mileage allowance so you can avoid the excess charges at the end of the term (or if you VT beforehand..)...
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