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Anonymous
Guest
Geeman said:No deal ...
This is what I was offered... 10k for my car, offered me 2225 as part exchange allowance, wanted me to pay deposit of 3208, giving me 48 payments of 408! This is against full price of 33.5k
Ok my car has a wee bit of finance to clear and that's in the deal but in my book, that still only adds up to dealer contribution of 5.5k, nowhere near any advertised deal.
Really disappointed!
Yeah, sounds like a bad deal, although when I went into my dealer, the first set of figures missed out one of the discounts, and I just couldn't understand it...when I questioned it on the 2nd occasion, they admitted their mistake!
The £2225 is the equipment contribution from BMW, so doesn't cost the dealer anything. Also, there is the price difference between the M-Sport model and the one below (cos they are giving you the sport upgrade for free), so thats another £3000ish - again, direct from BMW. My dealer then gave me 10% off the price of the car, so another £3000ish, so over £8000 in total. Cant remember the exact figures now, but I'm sure it was more like £8500. This is all before any part ex is talked about.
Remember, you should be able to walk in off the street with £1500 in your pocket and no more, and walk out with the car and 48x£299 etc. So if you are part-exing a car, the first £1500 of its equity is the deposit, and the rest is either cash back for you, pays for more toys or reduces the payments. It seems some dealers are adjusting the offer, so this is based on my dealer, but what you say doesn't sound right. They are still working to the offer aren't they?
they said. So they gave me a lift to the bank 