I ordered mine in December 2017, and it was registered 1st March 2018. Mine is on a 48 month PCP 8000m/pa. I put down £1000 deposit and paying £406 per month. After discounts it was around £32800

 

Interesting, sounds like you got a better APR % than me, probably because you ordered it new

Anyone here buy there's with a lease deal?

Intersted to see who has the lowest monthly repayment

 

Oh I should say, mine is 10,000 miles a year max

 

I think I've seen some good lease deals but with leasing it's only a good deal if you take the car as is. The options put the price up pretty quickly.

 

OP - I hope as yours was new you didn't get it on 11.9%. Your payments seem pretty high to me, hopefully the car is fully loaded

Mine is 300pm but I put in around 6k.some may think this is stupid but I prefer lower monthlies and my deposit was some of the return from my sale from the previous car

 

March 2017, Manual 5dr, heated seats, sun protection, comfort pack. 4 year PCP, 8k miles pa, £1000 down and £320 a month.

 

I paid cash and got the same level of discount from TRL. Great deals.

 

It has pro media, HK, electric seats, cruise and Park sensor front rear, heated seats. It is quite a high spec

I think I had 6.9% apr. Car was 31,500 reduced from 33,000. I was first owner but it had 2200 miles when I picked it up as it was used as demo car

 

It has pro media, HK, electric seats, cruise and Park sensor front rear, heated seats. It is quite a high spec

I think I had 6.9% apr. Car was 31,500 reduced from 33,000. I was first owner but it had 2200 miles when I picked it up as it was used as demo car

The shadow edition comes with HK, cruise, rear sensors, sun pro glass. So the options you have is pro Media, electric seats, heated seats and front sensors plus any others you may not have mentioned

 

Is 6.9% apr too high then?

 

Bought 1 year old back in March with only 3K miles from main dealer.
Bank loan £370/month for 5 years, put down £3K deposit.
Can pay off loan with only 1 months interest.
Of course no balloon payment.
Presently outstanding loan is roughly in line with 'we buy any car' valuation and should swing so value of car is greater over time.
No negative equity, total flexibility.

 

Nov 2017, new M140i Shadow 5 dr auto, Melbourne Red, adaptive, heated seats, pro nav, dimming mirrors. Run craps (!!!!)

PCP 0% APR £500 deposit, £355 per month, 10,000 per annum 48 months.

Very happy with that!

Sent from my iPhone using Tapatalk

 

TRL from Berry Heathrow BMW is a forum sponsor and will be as cheap as you find for a PCP deal. I've pasted his latest Q3 deals below, or visit his forum page.

"Here our the latest figures for the M140 shadow edition model, for orders placed from 1st July 2018 to 30th September 2018 and registered by 29th December 2018. Available only through me online - not from the showroom.
The Figures have been updated to show the new Road Tax costs from 1st July 2018.
The figures below are a typical example. Should you wish to vary your deposit or annual mileage then apply the following.
For every £1000 of deposit reduce the monthly payment by £22pm.
For every extra 1000 miles per annum required, add £6pm. The minimum mileage allowance is 8000 miles pa.

Please use the information below to work out your own spec/figures as I am unable to reply to every single email as I work alone.
Contact me on my usual email address if you need further details or wish to place an order.
TRLdeals@outlook.com
Lead time is usually 12 weeks though we do sometimes carry some stock which could arrive sooner."

----------------------------------------------------------------------------------------------------
BMW M140 Shadow Edition 3 door Automatic
List price £36,890 OTR
Dealer contribution £4390
BMW contribution £4000
customer balance £28,500
Customer deposit £1500 then 47 x £370.32 plus optional final payment of £13,513.33.
-----------------------------------------------------------------------------------------------------
BMW M140 Shadow Edition 5 door Automatic
List Price £37,440 OTR
Dealer contribution £4475
BMW contribution £4000
Customer balance £28,965.
Customer deposit £1500 then 47 x £374.23 plus optional final payment of £13,873.61.

(All of the above based on 8000 miles PA and 4.9% APR). Terms and conditions apply. Subject to status.)

Here are a list of the current FACTORY COST OPTIONS and the monthly payment to add to the above base price
all figures included dealers contribution and based on a 4 year PCP.

Options List;

Metallic Paint.................. +£11.35 pm (GFV inc £0)
Heated Steering Wheel........+£3.25 pm (GFV inc £0)
Adaptive M Suspension........+£7.88 pm (GFV inc £132)
Comfort Access.................+£7.10 pm (GFV inc £0)
Reverse Assist Camera........+£4.13 pm (GFV inc £132)
Grey Shade band top tint.....+£1.40 pm (GFV inc £0)
Glass Sunroof...................+£15.57 pm (GFV inc £132)
Luggage Net.....................+£1.95 pm (GFV inc £0)
Ext Electric Folding Mirrors...+£2.75 pm (GFV inc £0)
Electric Memory Seats........+£13.16pm (GFV inc £0)
Lumber for front seats........+£3.61pm (GFV inc £0)
Heated Front Seats...........+£3.83 pm (GFV inc £132)
Split Fold Rear Seat...........+£3.25 pm (GFV inc £0)
Headlight Washers.............+£3.61 pm (GFV inc £0)
Adaptive LED Headlights.....+£4.92 pm (GFV inc £264)
Front PDC ......................+£3.43 pm (GFV inc £132)
Park Assist.......................+£4.72pm (GFV inc £0)
EBT with Wifi & wireless chg +£5.42 pm (GFV inc £132)
Apple Carplay..................+£4.76 pm (GFV inc £0)
Driving Assistant............... +£7.90 pm (GFV inc £0)
Speed Limit Display........... +£4.12 pm (GFV inc £0)
Microsoft Office ............... +£2.76 pm (GFV inc £0)
Professional Media Pack.......+£13.14 PM (GFV inc £132)

 

Many thanks for that,

Looks like I missed out on the dealer and bmw contributions on new car orders, my list price was 3k higher than those above

Not too bothered though, happy with my deal. Thanks all

 

PCP from TRL to get the best discount.

I then took a personal loan and cleared the PCP finance within 14 days, paying about £5 in interest to BMW.

Overall this will save £ thousands in interest over PCP as a method of buying a car.

 

PCP from TRL to get the best discount.

I then took a personal loan and cleared the PCP finance within 14 days, paying about £5 in interest to BMW.

Overall this will save £ thousands in interest over PCP as a method of buying a car.

What are your monthly payments to the bank though? More or less than the pcp?

 

PCP from TRL to get the best discount.

I then took a personal loan and cleared the PCP finance within 14 days, paying about £5 in interest to BMW.

Overall this will save £ thousands in interest over PCP as a method of buying a car.

I did part cash, part loan (about half and half). Lowest rates on personal loans are about 3% (and often greater if borrowing more than 15K), so I can't see how a car entirely financed on a personal loan can 'save thousands'. Maybe about 1500 max?

 

Why is there no one leasing rather than PCP?

I am led to believe leasing gives lower monthly payments? Am I wrong?

Sorry, quite new to car finance

 

never seen cheap leases on the 135/140s

you must be gettin mixed up with VW

 

Why is there no one leasing rather than PCP?

I am led to believe leasing gives lower monthly payments? Am I wrong?

Sorry, quite new to car finance

Probably because of the high deposit and it's only usually a good price if your taking the car standard. Once you start adding options the prices go up quickly

 

Why is there no one leasing rather than PCP?

I am led to believe leasing gives lower monthly payments? Am I wrong?

Sorry, quite new to car finance

Yeah, as above. Also with leasing, you have to find the full deposit every time you take out a new lease as well as being tied in for the full term of the agreement.
Although with PCP you may generally have slightly higher monthly payments, the benefit is that you can part exchange the car at any point after the halfway mark in the agreement (if it's worth more than the outstanding finance). That way you can 'cash in' when there is most equity in your car and cut down your next deposit.

There's also the added bonus of having the option to pay off the remaining balance at the end of the agreement to own the car outright.

 

There were some amazing 2 year lease deals on the M135i a few years back, those days are long gone but to put into perspective a base spec 3 door manual could be had for £1.5k initial and £249 per month.

There hasn't been anything near those figures since so pcp seems to be the way to go.

 

Can someone explain how the positive equity works at the of pcp term?

If I want to use it towards a deposit for new pcp do I have to stay with the same dealer or if I go elsewhere will they give me the money to take away for another deal?

 

Can someone explain how the positive equity works at the of pcp term?

If I want to use it towards a deposit for new pcp do I have to stay with the same dealer or if I go elsewhere will they give me the money to take away for another deal?

If you have positive equity in your car, you can use it to trade in against a new car at any dealership, you just take the car and part ex it for any new car. They won't hand you cash. The rules are that at the end of your PCP term, you can part ex the car for something else or hand it back and walk away with nothing or pay off what's left on the finance and then you own the car. With a PCP it's like a long term rental because you're not financing the whole car like you would with a Hire Purchase, you're only financing a percentage of the car. That's how there is such good deals and low monthly payments to be had.

 

I saw a few good lease deals on the 140 a few months back, they were posted on here a few times but haven't seen any recently and they're usually on stock vehicles so base spec. They're usually cheaper but I personally prefer the flexibility of a PCP so am happy to pay a bit more for that.