That end of a PCP feeling

[Z4M-2006]

I just dont get how thats a good deal.

I can see the reasoning for it.....

And if it was an 1M,M2 or M4 i could understand it even more.

A 140i though..

The 140 I reckon is much more useable, just as quick in everyday use at a fraction of costs, just in my case it's not everyday use :lol:

But then if I was in the market for an M car it wouldn't be at the top of the tree at its pricepoint.

Tim.

I dunno how much that 140 has cost you,but a brand new M4 comp is now £49k...I dare say you was into the £30k's ? I know my friend bought a 240i last year and it was £40k.....

So i dont see the huge value saving to a non M car.

BMW drivers are fickle creatures and that M just means everything doesnt it especially on resale.

Anyway.... Its your dollars and you do what you want...Im all for that,but its just cost thousands to 5 miles a week..


I just dont get it.

 

[john-e89]

Tim said it’s his retirement car......maybe he wants frugal-ish comfort rather than a harsh thirsty money drainer. :wink:

 

[M1k3yC]

Looking at it another way, at least I'm not Schmee, I was thinking how much he must lose on his cars compared to mileage and use but I guess all relative. There must be more expensive hobbies than cars

Tim Burton's cars help him generate an income via social media so a lot of his "loss" is a cost of doing business. I hear that yachting is pretty expensive. :wink:

Apologies if it's been covered, but why hasn't it done a few more miles? It's a lovely car (I have an M135i) and I'd have thought you would have covered at least 1,000 miles a year just enjoying it on nice days.

Congrats on buying it out, though, it's a nice feeling owning it outright. I remember doing that with my M-lite.

 

[Z4M-2006]

Tim said it’s his retirement car......maybe he wants frugal-ish comfort rather than a harsh thirsty money drainer. :wink:

Nowt frugal in paying/servicing/maintaining a car your not using...

I guess using a tank of fuel a year is pretty good going though..

 

[TitanTim]

Tim said it’s his retirement car......maybe he wants frugal-ish comfort rather than a harsh thirsty money drainer. :wink:

All things considered, pretty chuffed with 16mpg to Bingo and back and plenty of room in the back for the wheelchair :lol:

Tim.

 

[JoshsZ4M]

Fair play Tim, it’s a gorgeous colour combination! I don’t do quite such a low mileage in my MR but to be honest it wouldn’t bother me if I did. Enjoy my friend

 

[TitanTim]

Fair play Tim, it’s a gorgeous colour combination! I don’t do quite such a low mileage in my MR but to be honest it wouldn’t bother me if I did. Enjoy my friend

Fair play Tim, it’s a gorgeous colour combination! I don’t do quite such a low mileage in my MR but to be honest it wouldn’t bother me if I did. Enjoy my friend

Thanks Josh

Tim.

 

[pvr]

Some cars are like paintings, great just to look at. I am doing similar type of mileage in the Golf, and it is always a great pleasure to drive it.

If invested in a pension fund, you would have lost the same amount of money and had nothing to show for it ...

 

[TitanTim]

Some cars are like paintings, great just to look at. I am doing similar type of mileage in the Golf, and it is always a great pleasure to drive it.

If invested in a pension fund, you would have lost the same amount of money and had nothing to show for it ...

I guess different folks derive different pleasures so in car ownership that might be a wash and polish, for another its the driiving, if we were all the same it would be a dull old world

Tim.

 

[ronk]

Ive just picked up this thead Tim after a bellyache on another post about only having done 1364 miles since my last MOT in 2019.
Got to say that it now feels like Ive piled on the miles
As others have said, do as you want with your dosh - you can't really justify what is spent on cars.

Look at the classic car market and there are cars that you wouldn't give houseroom to in the 60's etc that are worth a fortune now, even more than their new price. There are also cars such as the RS2000 that are worth £30k - Oh how I regret selling mine for peanuts

 

[TitanTim]

Ive just picked up this thead Tim after a bellyache on another post about only having done 1364 miles since my last MOT in 2019.
Got to say that it now feels like Ive piled on the miles
As others have said, do as you want with your dosh - you can't really justify what is spent on cars.

Look at the classic car market and there are cars that you wouldn't give houseroom to in the 60's etc that are worth a fortune now, even more than their new price. There are also cars such as the RS2000 that are worth £30k - Oh how I regret selling mine for peanuts

Thanks Ron, its a strange one when discussing the use of a car and mileage etc, some people seem to get quite upset when they see others using a car so little, unsure why really.

I know a chap who bought an Escort RS Cosworth 4x4 back in 1995 and still has it, with original tyres still on the car, he never uses it and it just sits in his garage, the car is still immaculate but just not used. I'm unsure he knows what its worth now, must be over 30k but even I think if he never uses it at all, its kinda pointless owning it.

Have to say I keep looking at Lancia Fulvias at the moment, I see to have developed a real urge to go have a look at one and see if I like them :? Prices of nice exampes ae creeping up though.

https://www.carandclassic.co.uk/car/C1254860

Tim.

 

[ronk]

Its all about big boys toys!

 

[Anonymous]

It's kinda pointless owning it

..

I disagree. He'll have his reasons for keeping it, much like you have your reasons for not using a car much and cherishing it.

As Ronk said previously, you're money and do what the hell you want with it.

 

[Anonymous]

He should be changing those tyres though!

 

[TitanTim]

He should be changing those tyres though!

I guess no point though if never used at all :lol:

Tim.

 

[Anonymous]

He should be changing those tyres though!

I guess no point though if never used at all :lol:

Tim.

Damn. Can't argue with that!

 

[ronk]

I’ve never got my head around seeing the advantages of pcp. I think it’s probably because I tend to keep my cars longer than four years?

In your situation Tim, if you knew this was to be a keeper/investment would it not have been more financially efficient to buy on a good rate HP or Bank loan? The way I see PCP is that the depreciation is built into the monthly payments - but as you are not selling you would not have suffered those costs and you still have to throw another £13k at it.

Have you done your sums? I’d be genuinely interested in knowing how they stack up in real life rather than what the salesman’s bonus induced argument is.

 

[john-e89]

Ive just picked up this thead Tim after a bellyache on another post about only having done 1364 miles since my last MOT in 2019.
Got to say that it now feels like Ive piled on the miles
As others have said, do as you want with your dosh - you can't really justify what is spent on cars.

Look at the classic car market and there are cars that you wouldn't give houseroom to in the 60's etc that are worth a fortune now, even more than their new price. There are also cars such as the RS2000 that are worth £30k - Oh how I regret selling mine for peanuts

Thanks Ron, its a strange one when discussing the use of a car and mileage etc, some people seem to get quite upset when they see others using a car so little, unsure why really.

I know a chap who bought an Escort RS Cosworth 4x4 back in 1995 and still has it, with original tyres still on the car, he never uses it and it just sits in his garage, the car is still immaculate but just not used. I'm unsure he knows what its worth now, must be over 30k but even I think if he never uses it at all, its kinda pointless owning it.

Have to say I keep looking at Lancia Fulvias at the moment, I see to have developed a real urge to go have a look at one and see if I like them :? Prices of nice exampes ae creeping up though.

https://www.carandclassic.co.uk/car/C1254860

Tim.

If that Cosworth is still on original tyres then the mileage must be under 10k Tim as they chew fronts like an F1 car.... :roll: So if it’s that kind of mileage one owner minter you’re looking at £70-80k easily, the price of RS fords in mint nick are off the scale.

 

[TitanTim]

I’ve never got my head around seeing the advantages of pcp. I think it’s probably because I tend to keep my cars longer than four years?

In your situation Tim, if you knew this was to be a keeper/investment would it not have been more financially efficient to buy on a good rate HP or Bank loan? The way I see PCP is that the depreciation is built into the monthly payments - but as you are not selling you would not have suffered those costs and you still have to throw another £13k at it.

Have you done your sums? I’d be genuinely interested in knowing how they stack up in real life rather than what the salesman’s bonus induced argument is.

Reason I went for a PCP Ron was purely for the flexibility, I wasn't 100% sure I was going to keep the car after 4 years so had that option to give it back or trade it in or pay the balloon. I think the on the road price was 38K so say a bankloan of 34k (after including a small deposit) at around 5.9% would be over 700 quid a month against the full cost of the car. The PCP was 4.9% at 338 quid a month over 4 years. Add into the equation the dealer discount of 8k which I wouldn't have got if I handn't gone with BMWs PCP, I probably would have got 2k off at the most using my own finance then it was more of an incentive taking out a PCP.

Probably the last time I will be doing it this way though, I have a PCP on the Hyundai, whilst its great having a new car every few years end of the day you may as well lease really instead if not planning on keeping a car long term.

Of course the depreciation is the biggest killer.

Tim.

 

[TitanTim]

Ive just picked up this thead Tim after a bellyache on another post about only having done 1364 miles since my last MOT in 2019.
Got to say that it now feels like Ive piled on the miles
As others have said, do as you want with your dosh - you can't really justify what is spent on cars.

Look at the classic car market and there are cars that you wouldn't give houseroom to in the 60's etc that are worth a fortune now, even more than their new price. There are also cars such as the RS2000 that are worth £30k - Oh how I regret selling mine for peanuts

Thanks Ron, its a strange one when discussing the use of a car and mileage etc, some people seem to get quite upset when they see others using a car so little, unsure why really.

I know a chap who bought an Escort RS Cosworth 4x4 back in 1995 and still has it, with original tyres still on the car, he never uses it and it just sits in his garage, the car is still immaculate but just not used. I'm unsure he knows what its worth now, must be over 30k but even I think if he never uses it at all, its kinda pointless owning it.

Have to say I keep looking at Lancia Fulvias at the moment, I see to have developed a real urge to go have a look at one and see if I like them :? Prices of nice exampes ae creeping up though.

https://www.carandclassic.co.uk/car/C1254860

Tim.

If that Cosworth is still on original tyres then the mileage must be under 10k Tim as they chew fronts like an F1 car.... :roll: So if it’s that kind of mileage one owner minter you’re looking at £70-80k easily, the price of RS fords in mint nick are off the scale.

I did look at prices around 2 years ago and the RS Escort Cosworths were going for around 35/40K so at 70/80k I wished I'd bought one back then

Not really appealed to me that much though, nice if you had bought one at the time and kept it but I couldn't bring myself to spend todays monies on one.

Tim.