Bit of a decision as to what to do here, so seeking the ever useful forum advice. This may be a good thing or a bad thing!
My M has almost done 19k, and toying with the idea of keeping it as a weekend toy & getting another daily. Spent the weekend starting to get the garage cleared, so that in any case I can tuck it away each night regardless. I know if the daily car doesn't have enough poke, I will continue to pull the M out of the garage & use it more often, so have ended up considering an M135i or M235i - most probably the 135i as it will be our only practical car (wife has an E89). I've also looked at the cost of a Fiesta ST-3, but seems to only be £40 more per month to get the 135i and seems a hell of a lot more car for the extra outlay.
At the end of the year, my new commute will be significantly shorter than my current 60 mile round trip, but unfortunately short enough that the M will not get up to running temperature & will only hit the first marker on the oil temp before getting switched off after less than 8 miles. If another move happens, I could find myself only commuting for a 2 mile journey which will certainly not do the engine any good in the long term. With the possibility of a short commute, I am considering leasing the 135i for 2 years as (bad as this sounds) I don't have any ownership issues of a 'short commuting car' in the future. Ideally I would walk to work, but need something for the blustery days.
I know the M is not a common car, and therefore wont lose a massive amount of value. However, looking at lease prices it certainly will not be appreciating at that level either! The lease will cost me roughly an average of £4,400 per year over the 2 years, plus insurance etc on a 10k pa lease. Mileage wise, it might not require a service in this time or just the cost of an oil service. I have a company car opt out which will cover this, and the insurance but cannot decide if it is the right way to go. Effectively leasing another car is a bit of a luxury that we can afford & I get pleasure like everyone on here from driving and owning cars. Just not really 'needed' as there are only the 2 of us and no children.
I would rather not tie up capital in the purchase of another car as my returns are stronger elsewhere, but have never leased a car before as always been brought up to buy things outright. The £4,400 could do other things for us, although it isn't cash we've ever 'seen' as the company car opt out payment is always replenishing the savings of the latest car purchase
It would probably be an easier car to keep as a weekend toy if my wife didn't also have a Z4, seems strange to keep 2, but she has only just got hers, and I wont want to sell mine
A nice decision to be making, but not one I want to go into lightly - so thought what better than to ask a bunch of strangers :lol: (well some of you I have met!)
Cheers
PS other cars I should consider? I am not a VAG or Merc fan, and also never fallen in love with French cars. Sort of limits my choices I know! Looked briefly at the Mustang lease, but it was madness on the monthly costs! Remember, I want to lease given the short nature of commute, and not tying capital up in a depreciating asset.
My M has almost done 19k, and toying with the idea of keeping it as a weekend toy & getting another daily. Spent the weekend starting to get the garage cleared, so that in any case I can tuck it away each night regardless. I know if the daily car doesn't have enough poke, I will continue to pull the M out of the garage & use it more often, so have ended up considering an M135i or M235i - most probably the 135i as it will be our only practical car (wife has an E89). I've also looked at the cost of a Fiesta ST-3, but seems to only be £40 more per month to get the 135i and seems a hell of a lot more car for the extra outlay.
At the end of the year, my new commute will be significantly shorter than my current 60 mile round trip, but unfortunately short enough that the M will not get up to running temperature & will only hit the first marker on the oil temp before getting switched off after less than 8 miles. If another move happens, I could find myself only commuting for a 2 mile journey which will certainly not do the engine any good in the long term. With the possibility of a short commute, I am considering leasing the 135i for 2 years as (bad as this sounds) I don't have any ownership issues of a 'short commuting car' in the future. Ideally I would walk to work, but need something for the blustery days.
I know the M is not a common car, and therefore wont lose a massive amount of value. However, looking at lease prices it certainly will not be appreciating at that level either! The lease will cost me roughly an average of £4,400 per year over the 2 years, plus insurance etc on a 10k pa lease. Mileage wise, it might not require a service in this time or just the cost of an oil service. I have a company car opt out which will cover this, and the insurance but cannot decide if it is the right way to go. Effectively leasing another car is a bit of a luxury that we can afford & I get pleasure like everyone on here from driving and owning cars. Just not really 'needed' as there are only the 2 of us and no children.
I would rather not tie up capital in the purchase of another car as my returns are stronger elsewhere, but have never leased a car before as always been brought up to buy things outright. The £4,400 could do other things for us, although it isn't cash we've ever 'seen' as the company car opt out payment is always replenishing the savings of the latest car purchase
It would probably be an easier car to keep as a weekend toy if my wife didn't also have a Z4, seems strange to keep 2, but she has only just got hers, and I wont want to sell mine
A nice decision to be making, but not one I want to go into lightly - so thought what better than to ask a bunch of strangers :lol: (well some of you I have met!)
Cheers
PS other cars I should consider? I am not a VAG or Merc fan, and also never fallen in love with French cars. Sort of limits my choices I know! Looked briefly at the Mustang lease, but it was madness on the monthly costs! Remember, I want to lease given the short nature of commute, and not tying capital up in a depreciating asset.