[pmheadwired]

Right guys, This is getting close to being a reality now.

I have a quote that is taking my PX in to account and the negative equity its going like this.

2600 Deposit. 1600 clears my shortfall 1500 goes down as deposit the 330D is coming out cheaper than the 320 with the following figures and spec

330d M Sport
Auto
M Sport +
Service Pack

£436.21 pm over 4 years
£12,374.55 GMFV
16K Miles p/a


Any opinions on this deal?

When I look at the same on a lease the PCP is coming out better for me and its also getting me out of the current car.

This is significantly the best offer I have had considering one dealer was offering £580 pm for a 318D M Sport with no extras.

[NISFAN]

Sounds like a good price for a 330d

One question....is the PX on a PCP? Why not VT it and put the full £2,600 down as a deposit?

[nordberg]

If it was PCP there wouldn't be a shortfall (unless it was ended early in which case VT is the way to go...).

Deal seems OK, I wouldn't say it was brilliant.... Have you contacted TRL?

[pmheadwired]

I am not half way through the term so I can not VT yet

[nordberg]

Actually, is that Pro/Bus or no Nav?

On reflection, I actually think that's quite expensive. What APR are they quoting?

[NISFAN]

Originally Posted by pmheadwired

I am not half way through the term so I can not VT yet

It is not term that matters, it is 50% of total value. Might be similar though.

[nordberg]

Ah, crumbs... So you are on a PCP but not yet half way through and want to change... Negative Equity Grand Central.... ouch

[pmheadwired]

I have been talking to TRL, waiting to see if he can better this offer. Currently this deal is winning

[pmheadwired]

Originally Posted by nordberg

Ah, crumbs... So you are on a PCP but not yet half way through and want to change... Negative Equity Grand Central.... ouch

Bingo!

Lesson learned.... Get what you want the first time round.

[nordberg]

Do you know the cash price of the vehicle? You need to know the cash price and the APR really....

[pmheadwired]

Settlement for March when I would be taking delivery is 15,600
Best PX offer so far is 14,500.

The sweet point for my PCP was not until June 2015 for VT so unless I hold off until then or wait for equity to balance out i am always going to be paying to get out of it.

[NISFAN]

Originally Posted by pmheadwired

I have been talking to TRL, waiting to see if he can better this offer. Currently this deal is winning

It is a very good deal for 16k miles a year.

Here is the maths:

Car value from configurator £38,875 + Service Pack £425 = £39,300

FV = £12,374

Difference £39,300 - £12,374 = £26,501 less £1,600 deposit = £24,901

Divided by 48 = £518 per month @ 0% finance

£432 per month is only 83% of £518, so he is getting a minimum of 20% discount in my calcs, which is a cracking deal on a limited option 330d

EDIT: Missed some steps out so working backwards:

£432 x 48 months = £20,706 + £12,374 (FV) = £33,110 + £1,600 deposit = £34,710

At 4.9% there will be at least £3,500 finance charges in there, so he is effectively paying something like £31,210 for a £39,300 List car.

Well bargained that man

[pmheadwired]

So it looks good to you guys!! .. Its knocking the socks off most other quotes.

[nordberg]

I'm just surprised how low the GMFV is. That's some depreciation you're paying for....

[nordberg]

Originally Posted by NISFAN

It is a very good deal for 16k miles a year.

Here is the maths:

Car value from configurator £38,875 + Service Pack £425 = £39,300

FV = £12,374

Difference £39,300 - £12,374 = £26,501 less £1,600 deposit = £24,901

Divided by 48 = £518 per month @ 0% finance

£432 per month is only 83% of £518, so he is getting a minimum of 20% discount in my calcs, which is a cracking deal on a limited option 330d

EDIT: Missed some steps out so working backwards:

£432 x 48 months = £20,706 + £12,374 (FV) = £33,110 + £1,600 deposit = £34,710

At 4.9% there will be at least £3,500 finance charges in there, so he is effectively paying something like £31,210 for a £39,300 List car.

Well bargained that man

That looks more like my maths

Still surprised at the GMFV though...

[nordberg]

Also.. Are we looking at the right vehicle?? NO Nav??

[NISFAN]

Originally Posted by pmheadwired

So it looks good to you guys!! .. Its knocking the socks off most other quotes.

Yes bite their hand off before they change their mind

[Irnbrukid]

Sounds like a good deal based on the maths above, which dealer is it? local

[pmheadwired]

TRL is looking to see if he can compete so is a local dealer, I will name them when the deal is done

[Wo-Wo]

Check what a car with bus' Nav is, albeit on contract hire mine came out better per month with Nav than without it. It's all about residual I guess.

[pmheadwired]

Originally Posted by BigNPT

Check what a car with bus' Nav is, albeit on contract hire mine came out better per month with Nav than without it. It's all about residual I guess.

Also I believe I should check adding the Vis Pack in conjunction with M Sport + correct?

[Tengocity]

Originally Posted by pmheadwired

Also I believe I should check adding the Vis Pack in conjunction with M Sport + correct?

If you can afford it then definitely!