UK Build Slot April

Gee-klaw · 03-01-2011, 06:47 AM

Just after some advice.
My dealer called me this morning. My build slot is in April and I will have the car in May. He wants me to finalise the spec tomorrow.

I'm having 2nd thoughts! Only because I'm not sure I want to commit so much to finance. I had an expensive year last year (I bought an aeroplane) and my cash reserves are depleted - so I would have to buy the 1M on finance.

My question is this ..

Will the 1M hold its value well for the first year or will it depreciate like most normal cars?

If I felt I could get out of the car in a year without losing too much I would go ahead with it but if I think it will cost me £10-15 thousand in depreciation plus interest I will pull the plug.

Finally - any comments on my spec if I do go ahead with it!

Oh and my registration is lined up too!

PP11 RAT

Alpine White.
Sun protection
Ext mirrors folding/dimming
Front seat heating
Lumber support
Navigation with all the bits that come with that
DAB
HK speakers
USB audio interface
Telephone USB interface
Service pack
£45,865!!!

as7920 · 03-01-2011, 07:07 AM

Well I'd say keep your money, after all you don't want too much debt.

Once you cancel your order you can sell me your license plate and hopefully it will push my build date (20th June) up the queue a bit!

Cheers,

Mark.

BTW your spec is very similar to mine except for lumbar and colour!

eeghie · 03-01-2011, 07:09 AM

based on your spec, I would certainly buy that car second hand after a year for 3-5k off !

as7920 · 03-01-2011, 07:14 AM

Based on 4 years, non-maintained, 10k miles per annum my final optional payment is £14,527.68.

Just hoping it won't plummet like a stone like the Z4M did.

Looks obviously divide opinion but this has classic and special written all over it. Then again I am biased.

Gee-klaw · 03-01-2011, 07:34 AM

Thanks for the input guys.
Mark - the lumbar would be my first option to drop off the list but it is only c.£200!
eeghie - are you serious? If so let's talk!
as7920 - what APR did you get? The best i've been offered is 9.9% but when I called BMWFS direct they said they could do 7.9% so I am going to try and bully the dealer into that!

eeghie · 03-01-2011, 08:02 AM

Quote:

Originally Posted by Gee-klaw

Thanks for the input guys.
Mark - the lumbar would be my first option to drop off the list but it is only c.£200!
eeghie - are you serious? If so let's talk!
as7920 - what APR did you get? The best i've been offered is 9.9% but when I called BMWFS direct they said they could do 7.9% so I am going to try and bully the dealer into that!

If you have the car for sale a year after delivery, please do PM me first. To manage expectations: I may have succeeded to buy a new one myself by then!

Until then, do put on some warm clothes, you look way under dressed for this time of year.

as7920 · 03-01-2011, 08:03 AM

Quote:

Originally Posted by Gee-klaw

as7920 - what APR did you get? The best i've been offered is 9.9% but when I called BMWFS direct they said they could do 7.9% so I am going to try and bully the dealer into that!

BMWFS through dealer 8.6%

If BMWFS themselves can do 7.9% then I may give my dealer a nudge too!

Schnorbitz · 03-01-2011, 08:23 AM

Quote:

Originally Posted by as7920

Based on 4 years, non-maintained, 10k miles per annum my final optional payment is Â£14,527.68.

Interesting, I've not got as far as discussing the finance with them yet. By any chance did they quote you any figures for a 3 year deal, would be interesting to know what their GFV is for that, above 50% would be good.

Cheers.

heli_ben · 03-01-2011, 08:27 AM

Quote:

Originally Posted by Gee-klaw

Thanks for the input guys.
Mark - the lumbar would be my first option to drop off the list but it is only c.£200!
eeghie - are you serious? If so let's talk!
as7920 - what APR did you get? The best i've been offered is 9.9% but when I called BMWFS direct they said they could do 7.9% so I am going to try and bully the dealer into that!

Give me a shout ben at scammell dot com and I'll sort you out with better finance than that!

as7920 · 03-01-2011, 01:28 PM

Quote:

Originally Posted by heli_ben

Give me a shout ben at scammell dot com and I'll sort you out with better finance than that!

Hey Ben, that apply to me to?

What are we talking here, 5%?

Cheers,

Mark.

Joer · 03-01-2011, 02:18 PM

Quote:

Originally Posted by Gee-klaw

Just after some advice.
My dealer called me this morning. My build slot is in April and I will have the car in May. He wants me to finalise the spec tomorrow.

I'm having 2nd thoughts! Only because I'm not sure I want to commit so much to finance. I had an expensive year last year (I bought an aeroplane) and my cash reserves are depleted - so I would have to buy the 1M on finance.

My question is this ..

Will the 1M hold its value well for the first year or will it depreciate like most normal cars?

If I felt I could get out of the car in a year without losing too much I would go ahead with it but if I think it will cost me £10-15 thousand in depreciation plus interest I will pull the plug.

Finally - any comments on my spec if I do go ahead with it!

Oh and my registration is lined up too!

PP11 RAT

Alpine White.
Sun protection
Ext mirrors folding/dimming
Front seat heating
Lumber support
Navigation with all the bits that come with that
DAB
HK speakers
USB audio interface
Telephone USB interface
Service pack
£45,865!!!

I'm exactly in the same boat as you (well apart from the plane that is!)

I also got a call this morning and have to make a decision ASAP.

Not sure what to do, as just also just checked on insurance and best quote was £2,281!!

Joer · 03-01-2011, 02:21 PM

Quote:

Originally Posted by as7920

BMWFS through dealer 8.6%

If BMWFS themselves can do 7.9% then I may give my dealer a nudge too!

Best rate I got from my dealer was 9.8%! That's over 5 years though.

Joer · 03-01-2011, 02:24 PM

Quote:

Originally Posted by heli_ben

Give me a shout ben at scammell dot com and I'll sort you out with better finance than that!

I would also be interested Ben.

Cheers,

Joe

DiavelM3 · 03-01-2011, 02:30 PM

Quote:

Originally Posted by eeghie

based on your spec, I would certainly buy that car second hand after a year for 3-5k off !

I agree. If you can't afford to purchase this car (money is tight), wait it out. Some people want this car as a second or third car (or even a toy for the weekends). Some want it for a daily driver which is good too...
Never buy a car on initial hype and potential (assumed)collector car value. Cars shouldnt be investments (some older cars might be -50's and 60's and older - Ferrari, Porsche, Mercedes, Bugatti's etc.)..
Most car's lose their value and hype given enough time.....
Chances are this one isn't that much different...

cc3 · 03-01-2011, 02:38 PM

If they stick to their only 450 for the uk Market which they will have to now that it is in their advertising material then it should hold it's value reasonably well?

DiavelM3 · 03-01-2011, 02:41 PM

Quote:

Originally Posted by gaz26

If they stick to their only 450 for the uk Market which they will have to now that it is in their advertising material then it should hold it's value reasonably well?

Very true, but didnt the M division pres. say,"Not limited but hard to get?"
I dont think BMW know WTF they're doin....

cc3 · 03-01-2011, 02:55 PM

As they have clearly put it in their UK advertising they will have problems if they produce more than 450 for the Uk. Customers would have a reasonable claim if they produced more and it impacted on secondhand values. Before I purchased I emailed the m people and they clarified their statement by saying certain markets could limit sales.

as7920 · 03-01-2011, 02:55 PM

Quote:

Originally Posted by Joer

.......Not sure what to do, as just also just checked on insurance and best quote was £2,281!!

How old are you Joe? 13?

Or maybe 80.

That's high for sure!

as7920 · 03-01-2011, 03:04 PM

Quote:

Originally Posted by Schnorbitz

Interesting, I've not got as far as discussing the finance with them yet. By any chance did they quote you any figures for a 3 year deal, would be interesting to know what their GFV is for that, above 50% would be good.

Cheers.

Because the budget was tight I didn't even bother with 3 year figures, though Audi RS3 over 3 years was very good, but I did get 5 year GFV of £10,876

Mark.

Gee-klaw · 03-01-2011, 03:16 PM

Quote:

Originally Posted by heli_ben

Give me a shout ben at scammell dot com and I'll sort you out with better finance than that!

I have PM'd you!

edwardio · 03-01-2011, 03:54 PM

Quote:

Originally Posted by ferrari4evr1

Very true, but didnt the M division pres. say,"Not limited but hard to get?"
I dont think BMW know WTF they're doin....

true say mate

Joer · 03-01-2011, 03:54 PM

Quote:

Originally Posted by as7920

How old are you Joe? 13?

Or maybe 80.

That's high for sure!

27! However made a claim a couple of years ago.

Don;t know how accurate that is though as only 4 insurance companies have it, down as a 2011 M1 though.

135i and M3 by comparison are £1429 and £1610 respectively.

03-01-2011, 06:47 AM	#1
Gee-klaw Private First Class 18 Rep 110 Posts Drives: GT4 and M2 on order Join Date: Oct 2010 Location: Midlands UK iTrader: (0)	UK Build Slot April - shall I do it? Just after some advice. My dealer called me this morning. My build slot is in April and I will have the car in May. He wants me to finalise the spec tomorrow. I'm having 2nd thoughts! Only because I'm not sure I want to commit so much to finance. I had an expensive year last year (I bought an aeroplane) and my cash reserves are depleted - so I would have to buy the 1M on finance. My question is this .. Will the 1M hold its value well for the first year or will it depreciate like most normal cars? If I felt I could get out of the car in a year without losing too much I would go ahead with it but if I think it will cost me £10-15 thousand in depreciation plus interest I will pull the plug. Finally - any comments on my spec if I do go ahead with it! Oh and my registration is lined up too! PP11 RAT Alpine White. Sun protection Ext mirrors folding/dimming Front seat heating Lumber support Navigation with all the bits that come with that DAB HK speakers USB audio interface Telephone USB interface Service pack £45,865!!! __________________ Cayman R
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03-01-2011, 07:07 AM	#2
as7920 Colonel 597 Rep 2,375 Posts Drives: 2023 SG/FR M4 xDrive Competiti Join Date: Jul 2006 Location: UK iTrader: (0)	Well I'd say keep your money, after all you don't want too much debt. Once you cancel your order you can sell me your license plate and hopefully it will push my build date (20th June) up the queue a bit! Cheers, Mark. BTW your spec is very similar to mine except for lumbar and colour!
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03-01-2011, 07:09 AM	#3
eeghie Kind of a big deal 300 Rep 1,674 Posts Drives: an 1M not often enough Join Date: Jan 2011 Location: between Unlimited and Hard to Get iTrader: (0)	based on your spec, I would certainly buy that car second hand after a year for 3-5k off !
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03-01-2011, 07:14 AM	#4
as7920 Colonel 597 Rep 2,375 Posts Drives: 2023 SG/FR M4 xDrive Competiti Join Date: Jul 2006 Location: UK iTrader: (0)	Based on 4 years, non-maintained, 10k miles per annum my final optional payment is £14,527.68. Just hoping it won't plummet like a stone like the Z4M did. Looks obviously divide opinion but this has classic and special written all over it. Then again I am biased.
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03-01-2011, 07:34 AM	#5
Gee-klaw Private First Class 18 Rep 110 Posts Drives: GT4 and M2 on order Join Date: Oct 2010 Location: Midlands UK iTrader: (0)	Thanks for the input guys. Mark - the lumbar would be my first option to drop off the list but it is only c.£200! eeghie - are you serious? If so let's talk! as7920 - what APR did you get? The best i've been offered is 9.9% but when I called BMWFS direct they said they could do 7.9% so I am going to try and bully the dealer into that! __________________ Cayman R
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03-01-2011, 02:38 PM	#15
cc3 Major 625 Rep 1,333 Posts Drives: 1M, GT4, M2 M140i G40 Join Date: Mar 2011 Location: .UK iTrader: (0)	If they stick to their only 450 for the uk Market which they will have to now that it is in their advertising material then it should hold it's value reasonably well?
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03-01-2011, 02:55 PM	#17
cc3 Major 625 Rep 1,333 Posts Drives: 1M, GT4, M2 M140i G40 Join Date: Mar 2011 Location: .UK iTrader: (0)	As they have clearly put it in their UK advertising they will have problems if they produce more than 450 for the Uk. Customers would have a reasonable claim if they produced more and it impacted on secondhand values. Before I purchased I emailed the m people and they clarified their statement by saying certain markets could limit sales.
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