[FSE23]

Reading forum one can have an impression about wonderful discounts everyone in here got for their BMW. It resulted that some people including me had probably over expectation what could be achieved.
But now there is a wonderful retail tool on BMW website which gives all the possible financial otpions including BMW contribution, monthly payments etc.
So configuring 340i pretty basic with media package only I can see a discount of £7644 of £40875 which is about 18%. The same almost fully loaded 340i discount is £8121 of £48815 which is 16%. Similar loded 335d has a discount of £8664 which is 17,5%.
So without leaving your home not even talking to anyone such discounts as above are available for everyone.
Unfortynately high %rates causes monthly payment nowhere near what I have now with probably less discounted car. Example 340i on 12k miles with £2500 deposit in 48 months contract comes with £627/month. This is more what I have on 36months contract with identical amount of credit.
So I need to cool down and think everything over before making my decision of changing my car now.
What do you think about it?

[Thehoss]

Isn't the rate still 4.9%?

Think my spec was around the 50 all told but I'm paying around 180 less than the figure you have

[Thehoss]

That was only 8000 miles tho

[FSE23]

It is 5.9% I think. Mileage does make some differences

[teaston]

Originally Posted by piono

It is 5.9% I think. Mileage does make some differences

Depends on the model, but yes it's 5.9% on 3 series currently, and 4.9% on 4 series.

[Thehoss]

Originally Posted by piono

It is 5.9% I think. So your discounts or deposit must have been a bit higher

My deposit was 2.5k higher but yeah bigger discounts are available.

There's a PCP calculator online that you can play about with to see where your numbers need to be for affordability etc.

[Thehoss]

Originally Posted by piono

It is 5.9% I think. Mileage does make some differences

Affects the GFV a little which in turn effects the monthlies.

[tinytrevor]

Well, I'm looking into getting myself into a 340I Touring and can say the discounts are anything between £8500 and £10300. As I'll be p/x my m135i I need to find a dealer that provides the best overall package and not only the best available discount. Or if it's not a sensible idea, scrap it altogether (which it is not indeed).
The rate is now 5.9%. Just for the talking sake, with a £1000 deposit, with no more than £2500 worth of options you could expect £485 p/month (that's just an indication). Hope this helps a bit.

[Mark1966]

Originally Posted by tinytrevor

Well, I'm looking into getting myself into a 340I Touring and can say the discounts are anything between £8500 and £10300. As I'll be p/x my m135i I need to find a dealer that provides the best overall package and not only the best available discount. Or if it's not a sensible idea, scrap it altogether (which it is not indeed).
The rate is now 5.9%. Just for the talking sake, with a £1000 deposit, with no more than £2500 worth of options you could expect £485 p/month (that's just an indication). Hope this helps a bit.

On the figures you have quoted there I would say on 10k miles per annum and over 48 months you should be aiming to pay no more than £440 pm.

[dangerous_al]

I have no idea what discounts are available for finance options, but I got 19.5% discount against a cash purchase of a 330i in July from my local dealer, so with finance deposit contribution I would expect over 20% is achievable

[tinytrevor]

Originally Posted by Mark1966

On the figures you have quoted there I would say on 10k miles per annum and over 48 months you should be aiming to pay no more than £440 pm.

It's 10k miles per annum over 48 months indeed, but how did you come up to that figure? What's the GFV? Mine seems to be £14900 - £15135, so however I try, I cannot make it work £440 in Excel. The lowest I have ever seen was £479ish.

[Mark1966]

Originally Posted by tinytrevor

It's 10k miles per annum over 48 months indeed, but how did you come up to that figure? What's the GFV? Mine seems to be £14900 - £15135, so however I try, I cannot make it work £440 in Excel. The lowest I have ever seen was £479ish.

Just by working on the deal I have got and I suspect I could have probably improved on that given the time and inclination. I did purchase a 35is for the Wife earlier in the year though so maybe that had something to do with it.

[Vomit Hero]

Apply the ointment progressively around the affected area then wait approximately 8 hours before penetration of the onion.

[tinytrevor]

Originally Posted by Mark1966

Just by working on the deal I have got and I suspect I could have probably improved on that given the time and inclination. I did purchase a 35is for the Wife earlier in the year though so maybe that had something to do with it.

It kind of works on a basic car with no options and £1000 deposit and the maximum allowance from a dealer, given that the residuals after 4 years are sitting at £14990, the payment is around £396. Throw in £3k worth of options and it goes up to £475 (best case scenario: max discount and no p/x). If I may ask, who's your dealer?

[Mark1966]

Originally Posted by tinytrevor

It kind of works on a basic car with no options and £1000 deposit and the maximum allowance from a dealer, given that the residuals after 4 years are sitting at £14990, the payment is around £396. Throw in £3k worth of options and it goes up to £475 (best case scenario: max discount and no p/x). If I may ask, who's your dealer?

I wont disclose the dealer until I pick the car up but my deal is £1000 deposit, list price £46000 and £480 pm over 48 months with 10000 miles per annum.

Maybe you should shop around a bit and remember some options actually increase the GFV.

[tinytrevor]

Originally Posted by Mark1966

I wont disclose the dealer until I pick the car up but my deal is £1000 deposit, list price £46000 and £480 pm over 48 months with 10000 miles per annum.

Maybe you should shop around a bit and remember some options actually increase the GFV.

Fair enough, don't know how you've done it, but you probably got a really massive support and a high residuals, by a great margin. I spoke to 6 dealers and the only difference between figures was their support towards the car. Run o few formulas based on your deal and it actually looks improbable. I tried adding pro nav and the hud as a pack (it's called Pro Nav + and costs £1490), but it only increased the residulas by £300. Don't think there are many options apart from those I mentioned in my thread and the pro nav +, that actually increase the value. Now you got me rethinking my next conversation with a dealer.

[Mark1966]

Originally Posted by tinytrevor

Fair enough, don't know how you've done it, but you probably got a really massive support and a high residuals, by a great margin. I spoke to 6 dealers and the only difference between figures was their support towards the car. Run o few formulas based on your deal and it actually looks improbable. I tried adding pro nav and the hud as a pack (it's called Pro Nav + and costs £1490), but it only increased the residulas by £300. Don't think there are many options apart from those I mentioned in my thread and the pro nav +, that actually increase the value. Now you got me rethinking my next conversation with a dealer.

A lot of the guys on here swear by TRL, I tried him for the 35iS and he was quite a bit off but I believe he is shit hot on 1 and 3 series. Not sure of his details nowadays but I am sure someone will wade in and tell you.

The deal you have been quoting is OK and I am not sure what you mean by running formulas but you will with a bit of leg work get it quite a bit cheaper than you have already been quoted.

I will mention as a caveat that I have purchased many BMWs from my dealer over many years and he knows that I don't mess about. On a final note don't beat yourself up too much if you cant get the deal that someone else has got, as long as you are happy with the deal that is all that matters, someone will always get better that's the nature of the beast.

I am sure some of the other 340i guys on here have got even better deals than me and may be prepared to let you know. Just realised mine is a touring and maybe better deals are available on them, not sure what you are after.

[....,,,,..,,..]

Originally Posted by Mark1966

A lot of the guys on here swear by TRL, I tried him for the 35iS and he was quite a bit off but I believe he is shit hot on 1 and 3 series. Not sure of his details nowadays but I am sure someone will wade in and tell you.

The deal you have been quoting is OK and I am not sure what you mean by running formulas but you will with a bit of leg work get it quite a bit cheaper than you have already been quoted.

I will mention as a caveat that I have purchased many BMWs from my dealer over many years and he knows that I don't mess about. On a final note don't beat yourself up too much if you cant get the deal that someone else has got, as long as you are happy with the deal that is all that matters, someone will always get better that's the nature of the beast.

I am sure some of the other 340i guys on here have got even better deals than me and may be prepared to let you know. Just realised mine is a touring and maybe better deals are available on them, not sure what you are after.

Deals are also very much linked in to each dealers financial year and their in year performance.

Certain areas of the country also just plain suck on car deals full stop, I don't know why, they just do.

[Englishbloke]

It's a real shame. I got my 320d on 3.9%. The quotes have for a 335d with higher spec is at 5.9%. The 335 would have actually been cheaper if it wasn't for APR.

[FSE23]

Well, it is going up north I suppose, we'll see 6.9% soon, time to think about Skoda or Mazda at 0% APR

[Proftinkerpot]

Some of the options on the old configurator when it was on the bmw site, used to add about half of their retail value to the future value of the car which assisted things on the pcp deals too.

[tinytrevor]

Originally Posted by Mark1966

A lot of the guys on here swear by TRL, I tried him for the 35iS and he was quite a bit off but I believe he is shit hot on 1 and 3 series. Not sure of his details nowadays but I am sure someone will wade in and tell you.

The deal you have been quoting is OK and I am not sure what you mean by running formulas but you will with a bit of leg work get it quite a bit cheaper than you have already been quoted.

I will mention as a caveat that I have purchased many BMWs from my dealer over many years and he knows that I don't mess about. On a final note don't beat yourself up too much if you cant get the deal that someone else has got, as long as you are happy with the deal that is all that matters, someone will always get better that's the nature of the beast.

I am sure some of the other 340i guys on here have got even better deals than me and may be prepared to let you know. Just realised mine is a touring and maybe better deals are available on them, not sure what you are after.

Thanks for your insight mate, there are definately deals to be had. Unfortunately up here in Glasgow it requires even more effort to find a sensible dealer. Oh, and I have been in touch with one of TRL's assistant and can confirm he is offering a good value, however as I'll probably be p/x I need to look at the overall package.
See, one day I was getting bored at work and build a calculation document in Excel to see by how much I'd increase my mortgage's LTV by making regular overpayments. Then I realised that I could do the same to see the figures behind any given Pcp scenario, so by playing with different deposits and Gfv I can roughly see what to expect in terms of monthlies. Also, it gives me an indication of the outstanding finance at any given point.