Latest LCI leak

[Argyll Andy]

9.9% APR!!!! You sure? BMW usually discount theirs a lot. I thought maybe 6.9 at worst!

9.9% compared to 2.9% means that a £400 a month would be £1200!!!!
Not gonna lie, that’s me out.

I’ve just gone on for a look, prices like for like have gone from £254 to £900, 9.9% same with me, unless I’m buying outright, no chance :thumbsdown:

That’s with a 9k deposit. Just ran it myself.
Think I’ll stick to my faster blue. )))

£18.25k deposit

 

[sars]

That’s because our glorious leader has had the mad idea of giving tax cuts while the BoE are trying to stop spiralling inflation and therefore it is predicted that interest rates will have to rise three fold to 6%

Utter madness

 

[pvr]

Still a bargain compared to the 15% I used to pay for my first house

 

[MrLatte]

I’m hoping it’s a mistake, I was already shopping for a matching purple T-shirt!

 

[tiglon]

Still a bargain compared to the 15% I used to pay for my first house

Except back then house price to earnings ratio was about a third of what it is now!

 

[ori]

That’s because our glorious leader has had the mad idea of giving tax cuts while the BoE are trying to stop spiralling inflation and therefore it is predicted that interest rates will have to rise three fold to 6%

Utter madness

While I partially agree with you, the tax carts equate to a few billion at worst assuming it doesn’t actually increase tax revenue. The energy cap is 60 billion in spending and Covid cost us 400 billion. Everyone was crying out for something to be done about energy costs and they did……hence inflation.
Who knew printing money gives inflation? Whole world is a mess.

Furthermore, BMW had already started to increase interest rates well before this.

 

[ori]

Still a bargain compared to the 15% I used to pay for my first house

Except back then house price to earnings ratio was about a third of what it is now!

Yeah, but that’s the rub isn’t it. We have got used to money being so cheap that we rely on it being in constant supply to get and do the things we want.

Yeah house prices were cheaper, but the cost of a mortgage was in the high teens.
Also banks have made a killing with low interest rates. Leaning people money on credit cards around 20% while interest rates were around 0.5%
Developers loans which small developers rely on ran at about 9% a year. Huge margins for lenders.
On the flip side of that, car manufactures like BMW used low interest rates to make their cars artificially affordable to more people.

Reality is 9.9% is high, but there are still pcp deals out there on 6.9 and 7.9% if you are desperate to get a new car.

Back to point, while I could probably stretch to a new car, now is not the time to leave myself stretched! So I’ll stick to my faster blue m40i.

 

[MrLatte]

While I partially agree with you, the tax carts equate to a few billion at worst assuming it doesn’t actually increase tax revenue. The energy cap is 60 billion in spending and Covid cost us 400 billion. Everyone was crying out for something to be done about energy costs and they did……hence inflation.
Who knew printing money gives inflation? Whole world is a mess.

Furthermore, BMW had already started to increase interest rates well before this.

:roll:

 

[ori]

Back on topic. What do we think of the newer mesh grille on the front? Surely not too expensive to replace if we wanted?

 

[Russ Z4]

I’m surprised it isn’t higher than 9.9. APR wise… Only gonna get worse from this point… for the time being at least. Would imagine it will impact the sales of the Z quite significantly.

 

[ori]

I’m surprised it isn’t higher than 9.9. APR wise… Only gonna get worse from this point… for the time being at least. Would imagine it will impact the sales of the Z quite significantly.

On a low volume car like the zed, this could certainly mean any chance of extending or a new model in 2025 are out of the window.

 

[Russ Z4]

I suspect you are right.

 

[john-e89]

Back on topic. What do we think of the newer mesh grille on the front? Surely not too expensive to replace if we wanted?

Fab....really like it Ori...

 

[BeardyJon]

New grill is definitely an improvement.

 

[ori]

New grill is definitely an improvement.

Like all these things, I need to see it in the metal, but surely that’s not an expensive part to retrofit our current cars?

 

[SHIFTY]

Looks similar to the attached link:-

https://www.diversionstores.co.uk/products/bmw-z4-g29-strip-front-grille-pair-gloss-black-2019

 

[Scubaregs]

Shows three pieces, but says two pieces included.

 

[sars]

That’s because our glorious leader has had the mad idea of giving tax cuts while the BoE are trying to stop spiralling inflation and therefore it is predicted that interest rates will have to rise three fold to 6%

Utter madness

While I partially agree with you, the tax carts equate to a few billion at worst assuming it doesn’t actually increase tax revenue. The energy cap is 60 billion in spending and Covid cost us 400 billion. Everyone was crying out for something to be done about energy costs and they did……hence inflation.
Who knew printing money gives inflation? Whole world is a mess.

Furthermore, BMW had already started to increase interest rates well before this.

Er the £2.0bn was the low estimate for the cost of just the 5% drop for the high earners, with the high estimate being nearer £6.0bn. No the real cost was the 1% drop for basic rate, NI reduction and the stamp duty reduction, though the latter’s not going to be significant as no one’s offering mortgages! Total tax cuts was around £45.0bn, the biggest tax giveaway in 50 years and all with borrowed money.

Anyway have now completed spot the difference, not sure about the new front side vents, but the new grill looks okay

 

[john-e89]

That’s because our glorious leader has had the mad idea of giving tax cuts while the BoE are trying to stop spiralling inflation and therefore it is predicted that interest rates will have to rise three fold to 6%

Utter madness

While I partially agree with you, the tax carts equate to a few billion at worst assuming it doesn’t actually increase tax revenue. The energy cap is 60 billion in spending and Covid cost us 400 billion. Everyone was crying out for something to be done about energy costs and they did……hence inflation.
Who knew printing money gives inflation? Whole world is a mess.

Furthermore, BMW had already started to increase interest rates well before this.

Er the £2.0bn was the low estimate for the cost of just the 5% drop for the high earners, with the high estimate being nearer £6.0bn. No the real cost was the 1% drop for basic rate, NI reduction and the stamp duty reduction, though the latter’s not going to be significant as no one’s offering mortgages! Total tax cuts was around £45.0bn, the biggest tax giveaway in 50 years and all with borrowed money.

Anyway have now completed spot the difference, not sure about the new front side vents, but the new grill looks okay

I'll never understand how the critics with such a good idea of how the govt' are doing such a crap job aren't the ones with all the answers of what they'd do as PM, cherry picking is easy, pleasing everyone isn't, balance is surely the thing, give it chance.

 

[Z4monster]

I've no idea why BMW have singled out the Z4 update for 9.9% apr. Lots of other models at much lower rates. Maybe they really don't want to sell them :lol:
I've just changed mine thankfully so I'm hoping that it comes back down again before the End of Production so I can get a late model swap.