mikedav said:Woots & Blueflash said:When i got my zed i was trading in a 116i and was in a siilar state, owned the car for 6 months, owed more than it was worth and as part of the "deal" the salesman said he'd settle the finance deal and literally just start afresh.
...95% certain he didn't add your shortfall to your new loan though. He has used the profit margin in the Z to subsidise your trade in and get a deal closed. My guess is on your invoice, either they paid more for your 116i or the Z is discounted by the amount you needed. As long as they make a decent profit overall, he's happy. Plus BMW dealers, in my experience, always, always, always try and bend you over with a laughable opening offer for your car. I guess a fair number of people just accept it?
Example: I was offered £17,000 for my E46 M3 against this Z. They wouldn't budge past £19,000. I sold it for £23,500.![]()
Don't forget if you do use car finance, shop around and perhaps use a broker. Failing that, remember BMW standard rates are hilarious and come down through negotiating.
yeh mate they offered me the 11k for my 116i which was exactly what i owed, so rather than haggling 2k off the zed they gave me more for the 116i and just fettled around with the zed price. The dealer i went to didnt reaalllyy rip me off anyways cos my dads spent so much with them they dont usually take the piss
Ill just hafta see really....2.0's arent really gettin much private anyways and so i'll just hafta see what i can do come sep reallyyy....