Z4 2.0i M Sport Finance Deals

webuyanycar are scammers (allegedly!). they probably would knock their offer right down if you took it to them. How does the dealer quote compare to Parkers etc?

I think the current offers must be affecting used prices. My dealer have an '11 reg 23i as a demo with 7k on the clock for £25k. I wouldn't buy that when I can get a new one for not much more, but surely once the offer ends then things will settle down?
 
kevinmarkwhite said:
webuyanycar are scammers (allegedly!). they probably would knock their offer right down if you took it to them. How does the dealer quote compare to Parkers etc?

I think the current offers must be affecting used prices. My dealer have an '11 reg 23i as a demo with 7k on the clock for £25k. I wouldn't buy that when I can get a new one for not much more, but surely once the offer ends then things will settle down?
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I went in with a print-out from whatcar.com and it said around £16,100 for trade-in. They basically offered £13,900

If you look on BMW AUC site cheapest 23i around the same age and spec as mine is up for just under £20k

Remember the car has been out for nearly 3 years, and if its on a 6 year replacement cycle, at the end of these 3 and 4 year PCP deals the car will be at the end of its life... :?
 
I'm still tempted by these deals. But with the knock on effect with the second hand market I would imagine in 1 year or so the second hand value will be pretty low?

I'm also unsure with financing a car. I have always owned mine out right
 
Hello from France. Finding the talk of the deals on new z4s very intersting, bought a 2.3 last august. ,from bmw in leeds.Iam living for most of the time here now having sold my business ,and am now retired. I love the car but find the lack of torque a bit of a pain.
 
the problem with this deal is, 1st - there would be so many E89's on the road, that it won't be exclusive anymore! 2nd - the current owners used value will drop as Z4 Beemer has experienced. if it was a bigger size engine, would have considered it, but no 4 cylinder turbo, is not for me 8)
 
navid.v said:
the problem with this deal is, 1st - there would be so many E89's on the road, that it won't be exclusive anymore! 2nd - the current owners used value will drop as Z4 Beemer has experienced. if it was a bigger size engine, would have considered it, but no 4 cylinder turbo, is not for me 8)
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For me it was the choice of the new F20 1 Series or the Z4, as the 1.6 1 Series was working out more expensive it was simply a no brainer which car to go for. I don't agree with the offer of the 2.0 M Sport that there will suddenly be loads of Z4s on the road, these cars are still relatively expensive for most people to buy in the current climate and being less practicable will ensure less on the road. In the past 3 years I don't think I seen more than 3 E89s around where I live.

You will have to get used to the 4cyl motor kicking the 6cyl into touch throughout the BMW range, at least they will be providing more torque and improved mpg, so not all bad.

Tim.
 
Z4 Beemer said:
kevinmarkwhite said:
webuyanycar are scammers (allegedly!). they probably would knock their offer right down if you took it to them. How does the dealer quote compare to Parkers etc?

I think the current offers must be affecting used prices. My dealer have an '11 reg 23i as a demo with 7k on the clock for £25k. I wouldn't buy that when I can get a new one for not much more, but surely once the offer ends then things will settle down?
Click to expand...

I went in with a print-out from whatcar.com and it said around £16,100 for trade-in. They basically offered £13,900

If you look on BMW AUC site cheapest 23i around the same age and spec as mine is up for just under £20k

Remember the car has been out for nearly 3 years, and if its on a 6 year replacement cycle, at the end of these 3 and 4 year PCP deals the car will be at the end of its life... :?
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Wow maybe plan B is buy a used sdrive23i then privately! That depreciation is savage :(

Looking at the finanace quotes the Final Payments /Future values (below), theres little hope of any equity after the period is up

2 years 17741
3 years 14750
4 years 12450

Side by side the straight 6 will always be better IMO so I'd say anyone who already has one just hangs onto it and enjoys it
 
joey said:
Wow maybe plan B is buy a used sdrive23i then privately! That depreciation is savage :(

Looking at the finanace quotes the Final Payments /Future values (below), theres little hope of any equity after the period is up

2 years 17741
3 years 14750
4 years 12450

Side by side the straight 6 will always be better IMO so I'd say anyone who already has one just hangs onto it and enjoys it
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Ideally you want to have little or no equity in a PCP car. If you have a ton of equity, you've been paying too much for the car. Negative equity means you can return the car and let BMW FS take the loss.


On the other hand, there may be a brief window of opportunity for end of contract PCP customer's to purchase their 23i's for less than the option purchase price. If the final payment is much higher than the wholesale value of a car BMW FS will entertain offers. . .
 
Andrew*Debbie" Ideally you want to have little or no equity in a PCP car. If you have a ton of equity said:
Personally I think the ideal situation is to have some equity in the car as you then have more options come end of term. The interest is calculated on the total amount of credit (include final payment) so that doesnt vary. However, considering the 3 scenarios at the end of say a 3 year term:

1) Car is worth less than final payment. You walk away having paid depost + monthly payments and possible any charges they see fit for damage/mileage..this is rare unless the residual is really low and then they would make the most out of any extra charges they can levy. If it were not for these huge deposit contributions this would be a very expensive way indeed!

2)Car is worth pretty much what the final value is. You can pay it off or walk away

3) Car is worth more. If you like the car and want to keep it, great, pay off the final amount and you have bought a car for less than it would normally cost. Or pay it off and instantly sell it to realise some extra cash ready for the next move. Thirdly part/ex it and use the equity as some of the deposit for next time

I agree if the sole intention is to walk away after the term then the higher the final payment (min future value) the better as it will cost you less for the term.

All down to personal circumstances and no one way is better.
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I'd rather have the money to save or spend. Equity at the end of a PCP contract means you gave BMW FS an interest free loan.

Negative equity means you paid less for the car than the wholesale value. BMW subvented your cost.

Also BMW FS has been known to settle a negative equity car for less then the option final price. That is possibly the case for anyone with a 23i PCP contract ending now.



http://www.investopedia.com/terms/s/subventedlease.asp
 
Andrew*Debbie said:
On the other hand, there may be a brief window of opportunity for end of contract PCP customer's to purchase their 23i's for less than the option purchase price. If the final payment is much higher than the wholesale value of a car BMW FS will entertain offers. . .
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Seriosuly? So if I phoned them up and said a dealer offered me less than the final payment/GFV they *might* lower the final payment? :?
 
Z4 Beemer said:
Andrew*Debbie said:
On the other hand, there may be a brief window of opportunity for end of contract PCP customer's to purchase their 23i's for less than the option purchase price. If the final payment is much higher than the wholesale value of a car BMW FS will entertain offers. . .
Click to expand...

Seriosuly? So if I phoned them up and said a dealer offered me less than the final payment/GFV they *might* lower the final payment? :?
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Gordon,

you can always sell the car to me less than final settlement payment :P
 
Z4 Beemer said:
Andrew*Debbie said:
On the other hand, there may be a brief window of opportunity for end of contract PCP customer's to purchase their 23i's for less than the option purchase price. If the final payment is much higher than the wholesale value of a car BMW FS will entertain offers. . .
Click to expand...

Seriosuly? So if I phoned them up and said a dealer offered me less than the final payment/GFV they *might* lower the final payment? :?
Click to expand...


If your contract is ending soon and the wholesale value of the car is less than the final payment -- YES. Phone them and see if they are willing to deal. Normally this doesn't happen as they try to make the GFV on the low side.


It depends on how soft the wholesale market really is and who you get on the phone. If BMW FS has to sell the car at a loss it might as well be to you.
 
navid.v said:
Gordon,

you can always sell the car to me less than final settlement payment :P
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:evil: How many times, the A1 is not for sale. :poke: :P

I'll maybe try and speak nicely to someone from Financial services on Monday.
 
Andrew*Debbie said:
If your contract is ending soon and the wholesale value of the car is less than the final payment -- YES. Phone them and see if they are willing to deal. Normally this doesn't happen as they try to make the GFV on the low side.

It depends on how soft the wholesale market really is and who you get on the phone. If BMW FS has to sell the car at a loss it might as well be to you.
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Ok, thanks for optimistic message. :thumbsup:

I've got Feb, Mar, Apr and May, and final big payment in June.
 
Nope, they won't budge on the final payment, but suggested I wait for a couple of months to see how values change with spring/summer approaching.

Worth a shot though! :)
 
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