Hi all!
This is my first post on the forum (after having used it a lot over the past few months!). This year marks the year that I’ll be purchasing an M140i Shadow Edition, and the TLDR is that I’d welcome absolutely any advice. I’ll give some info about myself and my situation below - I would hugely appreciate advice/tips on anything from the buying process to must-have options to how to handle the horsepower increase etc. Thank you!
Feel free to ignore everything below, but I thought I’d write a little about me to contextualise the situation:
• I’m 21 (will be 22 at the time of purchasing in around October/November this year). Now I know that your immediate reaction would be ‘DON’T BUY AN M140i AT 22!” for numerous reasons; however, I’ve made the decision to buy it after taking a lot into account, and I’ll be starting a graduate job with a salary that will allow me to purchase the car whilst saving for a house deposit, various other savings etc (plus zero rent as I’m living at home for a couple of years). The only reason I’m mentioning all of this is because I’ve previously seen young prospective BMW buyers asking for advice on the forum, and the discussion inevitably becomes about why they shouldn’t buy one etc.
• This leads me to mention the form of purchase (HP, PCP, etc). My current thinking - and I’d welcome any advice on this - is to go with a personal loan with a low interest rate (around 5% or so), rather than a finance deal with a crazily high %. Prices for the type of M140i I’m looking at (which I’ll mention in a sec) hover around £25k, so my thinking is a personal loan of around £20k. I plan on having the car for a few years, so I reckon I’ll go for a 48-60 month repayment to keep the monthly costs down, and can always repay it quicker.
• Next up: options/spec. I’m only looking at a black Shadow Edition. These are my two non-negotiables. As for everything else, this is where I would really appreciate input. It’ll also almost definitely be an automatic (which is a shame as I wasn’t expecting to give up manual driving just five years after passing my test, but an automatic makes the most sense). I’m thinking that pro-nav and heated seats should also be must-haves. I’ve heard very mixed views about the necessity of adaptive suspension (especially as models for sale rarely have this ticked). Do you have any other must-have recommendations? And what are some other options that you’d class as ‘would be very nice to have but not 100% essential’?
• My current car is a 2013 FWD <100hp 1.2 Vauxhall Agila SE - a car that is dramatically different to the 2017-19 RWD 340hp 3.0 6-cylinder BMW M140i. Do you have any advice for making the change between the two? Of course, take it easy until I’m comfortable etc, but do you have any more specific tips as to how to make the change from FWD to RWD, for example? As this will also be the first time I’ll be selling a car, do you have any advice for selling to get the best price?
• A questions about mileage: what would you recommend as the maximum to go for? I’ve been looking at sub-30k miles. I’m also a novice when it comes to knowing about servicing/service history.
• Finally, insurance…the dreaded word for someone of my age buying a car as powerful as an M140i, as it’s going to cost a pretty penny. I know that insurance costs are incredibly subjective, but do you have any tips on reducing the premium?
That seems to be all the info I can think of at the moment. I’m aware that there was a lot of info and rambling there - I just thought it best to be exhaustive. I’d appreciate absolutely any advice whatsoever, as it’s a rather daunting process buying (and selling) a car with zero experience.
Thank you ever so much!
This is my first post on the forum (after having used it a lot over the past few months!). This year marks the year that I’ll be purchasing an M140i Shadow Edition, and the TLDR is that I’d welcome absolutely any advice. I’ll give some info about myself and my situation below - I would hugely appreciate advice/tips on anything from the buying process to must-have options to how to handle the horsepower increase etc. Thank you!
Feel free to ignore everything below, but I thought I’d write a little about me to contextualise the situation:
• I’m 21 (will be 22 at the time of purchasing in around October/November this year). Now I know that your immediate reaction would be ‘DON’T BUY AN M140i AT 22!” for numerous reasons; however, I’ve made the decision to buy it after taking a lot into account, and I’ll be starting a graduate job with a salary that will allow me to purchase the car whilst saving for a house deposit, various other savings etc (plus zero rent as I’m living at home for a couple of years). The only reason I’m mentioning all of this is because I’ve previously seen young prospective BMW buyers asking for advice on the forum, and the discussion inevitably becomes about why they shouldn’t buy one etc.
• This leads me to mention the form of purchase (HP, PCP, etc). My current thinking - and I’d welcome any advice on this - is to go with a personal loan with a low interest rate (around 5% or so), rather than a finance deal with a crazily high %. Prices for the type of M140i I’m looking at (which I’ll mention in a sec) hover around £25k, so my thinking is a personal loan of around £20k. I plan on having the car for a few years, so I reckon I’ll go for a 48-60 month repayment to keep the monthly costs down, and can always repay it quicker.
• Next up: options/spec. I’m only looking at a black Shadow Edition. These are my two non-negotiables. As for everything else, this is where I would really appreciate input. It’ll also almost definitely be an automatic (which is a shame as I wasn’t expecting to give up manual driving just five years after passing my test, but an automatic makes the most sense). I’m thinking that pro-nav and heated seats should also be must-haves. I’ve heard very mixed views about the necessity of adaptive suspension (especially as models for sale rarely have this ticked). Do you have any other must-have recommendations? And what are some other options that you’d class as ‘would be very nice to have but not 100% essential’?
• My current car is a 2013 FWD <100hp 1.2 Vauxhall Agila SE - a car that is dramatically different to the 2017-19 RWD 340hp 3.0 6-cylinder BMW M140i. Do you have any advice for making the change between the two? Of course, take it easy until I’m comfortable etc, but do you have any more specific tips as to how to make the change from FWD to RWD, for example? As this will also be the first time I’ll be selling a car, do you have any advice for selling to get the best price?
• A questions about mileage: what would you recommend as the maximum to go for? I’ve been looking at sub-30k miles. I’m also a novice when it comes to knowing about servicing/service history.
• Finally, insurance…the dreaded word for someone of my age buying a car as powerful as an M140i, as it’s going to cost a pretty penny. I know that insurance costs are incredibly subjective, but do you have any tips on reducing the premium?
That seems to be all the info I can think of at the moment. I’m aware that there was a lot of info and rambling there - I just thought it best to be exhaustive. I’d appreciate absolutely any advice whatsoever, as it’s a rather daunting process buying (and selling) a car with zero experience.
Thank you ever so much!