Brand New 17 Plate BMW 116d for 18 Year Old

Find out more about the BMW 1 Series F20, F21, F22 & F23
Manufactured from end of 2011

Moderators: babybmwadmin, marco_polo, Producethis, Lambster, Rich196

User avatar
Meerkat
Knowledgeable Member
Knowledgeable Member
Posts: 73
Joined: Fri Mar 24, 2017 3:16 pm
Location: The Hot Seat

Re: Brand New 17 Plate BMW 116d for 18 Year Old

Post by Meerkat » Mon Aug 28, 2017 11:23 am

Congrats on your new purchase. :fest:
Insurance is eye watering these days! I'm paying £550 this year for my 118i. I did a quote for a M140 and the cheapest quote from my comparison site wanted to stick a 1 in front of the £550! I've been driving since 2009 my first car was a 55 plate 1.4 Pug 206 and that was £2000 a year. I traded her in March 2014 for a brand new Pug 208. Then in April traded her in for my 1 series. I'm not looking back either.

When it comes to picking the car up the dealer may try and sell you GAP insurance - GAP insurance is certainly well worth having! But don't get it from the dealer have a look in this part of the forum http://www.babybmw.net/viewforum.php?f=84 very competitive rates and lots of positive reviews from everyone on here, including myself!

Looking forward to the pics!

stirkee
Knowledgeable Member
Knowledgeable Member
Posts: 64
Joined: Fri Jul 07, 2017 8:16 pm
Location: Newcastle upon Tyne

Re: Brand New 17 Plate BMW 116d for 18 Year Old

Post by stirkee » Mon Aug 28, 2017 12:25 pm

Stegosaurus wrote:
Mon Aug 28, 2017 10:35 am
stirkee wrote:
Fri Aug 25, 2017 9:24 pm
enjoy your car!

but jesus christ, £2,500 for your insurance... Your money I guess :lol:

My M140i insurance is about £1,500 and I nearly let out a tear when I had to pay it haha

i'm 21, 2 years NCB and had my license for 4 years if you're interested
In all fairness, insurances for youngsters is a total joke these days, no matter what you drive. 5 years ago, it cost me £3k to insure a 1L Corsa C, 5 years on, and it's costing me £600 a years for an M140i :lol:
Completely agree mate!

I hate being that guy who says that the OP should have gotten a more 'normal' car for an 18 year old (given people could probably say i should have gotten a more 'normal' car for a 21 year old) but I do think that as a 116d is hardly the most exciting car anyway perhaps it would have been better to have saved a grand on insurance and got something else?

not trying to sh*t on your parade though OP, if you want the car and can afford it then no-one can tell you that you made the wrong choice. Enjoy it!

User avatar
NISFAN
Experienced Member
Experienced Member
Posts: 424
Joined: Sun Apr 02, 2017 12:46 pm

Re: Brand New 17 Plate BMW 116d for 18 Year Old

Post by NISFAN » Mon Aug 28, 2017 1:46 pm

I guess my advice would be to not buy a new car on PCP at your age.

You will be paying for a car for 4 years, and have nothing left at the end. At 18 years of age, a used car is perfectly fine....once you start buying new you set yourself up to that for the rest of your life....which is a ridiculously expensive habit.
You also want to be modifying cars at that age, not recommended on a PCP, as the car must go back and must be in original condition.

Financially you'd be much better off buying a car on an HP agreement, it will be your car and free for you to do what you want with (within reason, as the car still belongs to the finance co. until payed off). At the end of the payments on HP you have an asset to trade in / use as house deposit, etc.

Just saying.

User avatar
Ezzra
Experienced Member
Experienced Member
Posts: 353
Joined: Sat Apr 08, 2017 3:54 pm

Re: Brand New 17 Plate BMW 116d for 18 Year Old

Post by Ezzra » Mon Aug 28, 2017 2:45 pm

Christ! Go easy on him chaps. You're only Young once.

Great car. Enjoy!

:band:
"You cannot sedate, all that you hate".

User avatar
Peter.V
Enthusiastic Member
Enthusiastic Member
Posts: 1317
Joined: Sat Jun 13, 2015 9:12 am
Location: Manchester

Re: Brand New 17 Plate BMW 116d for 18 Year Old

Post by Peter.V » Mon Aug 28, 2017 3:15 pm

NISFAN wrote:
Mon Aug 28, 2017 1:46 pm
I guess my advice would be to not buy a new car on PCP at your age.

You will be paying for a car for 4 years, and have nothing left at the end. At 18 years of age, a used car is perfectly fine....once you start buying new you set yourself up to that for the rest of your life....which is a ridiculously expensive habit.
You also want to be modifying cars at that age, not recommended on a PCP, as the car must go back and must be in original condition.

Financially you'd be much better off buying a car on an HP agreement, it will be your car and free for you to do what you want with (within reason, as the car still belongs to the finance co. until payed off). At the end of the payments on HP you have an asset to trade in / use as house deposit, etc.

Just saying.
I think what you meant to say is: Financially, you COULD be better off buying a car on an HP agreement. Or not, if it needs repairing a couple of times, plus MOTs, brakes, tyres and other bits... I had a 4 years old 325i I owned when I was 19 and I can assure you, the brand new M140i is not going to work out much more expensive to own in the first 3 years.

Also, why would you set yourself up to buying new for the rest of your life? Because of one new car purchase at 18? Come on!

OP: I had a 116d, lovely car, enjoy it! Just make sure you keep it until you break even on the PCP. (Usually 3 years)
Without massive financial reserves ,due to your age, buying new is a good way to enjoy worry free motoring, keep tabs on your spendings and as long as the monthly payments for the car don't stop you saving up for a property everyone is happy in my opinion. :fest:
Peter
M140i 5-door, Auto, MG with oyster and fineline

sparkie1984
Enthusiastic Member
Enthusiastic Member
Posts: 467
Joined: Sun Jan 03, 2016 9:04 am

Re: Brand New 17 Plate BMW 116d for 18 Year Old

Post by sparkie1984 » Mon Aug 28, 2017 4:53 pm

I’m in the boat of if you can afford it comfortably enough then enjoy it!

Look forward to some pictures :)
2014 125D, pronav, electric seats, folding mirrors, adaptive xenons, auto high beam,

Gone - 2013 120D, 3 door, xenons, red leather etc

jimBabyBMW
Experienced Member
Experienced Member
Posts: 246
Joined: Sun Jun 04, 2017 8:34 pm

Re: Brand New 17 Plate BMW 116d for 18 Year Old

Post by jimBabyBMW » Mon Aug 28, 2017 6:25 pm

big rob wrote:
Fri Aug 25, 2017 4:29 pm
Enjoy
With ya insurance,for your occupation put down manager of some sort or superviser n 9000 a year milage (thay never chq unless you av a box fitted)(not advised).that will reduce ya cost abit :lol:
They will ask to see your last MOT, it will have the mileage recorded, so not difficult to work out your average. Also, the OP has bought new, so even less difficult.

Billy1mate
Junior Member
Junior Member
Posts: 19
Joined: Tue Jul 04, 2017 10:46 pm

Re: Brand New 17 Plate BMW 116d for 18 Year Old

Post by Billy1mate » Mon Aug 28, 2017 6:49 pm

Brandonclifford wrote: Enjoy the car and congrats on it. Just be careful with RWD, it can catch you out sometimes aha
Sent from my iPhone using Tapatalk
Kids and rear wheel drive, makes me chuckle. Apart from an original mini followed much later by VW Golf, Peugeot, Renault, Fiesta, Mk3 Escort, pretty much every car was rwd. My point is people of a certain age cut their teeth in rwd cars and they were and still are the most fun.

User avatar
NISFAN
Experienced Member
Experienced Member
Posts: 424
Joined: Sun Apr 02, 2017 12:46 pm

Re: Brand New 17 Plate BMW 116d for 18 Year Old

Post by NISFAN » Mon Aug 28, 2017 8:45 pm

Peter.V wrote:
I think what you meant to say is: Financially, you COULD be better off buying a car on an HP agreement. Or not, if it needs repairing a couple of times, plus MOTs, brakes, tyres and other bits... I had a 4 years old 325i I owned when I was 19 and I can assure you, the brand new M140i is not going to work out much more expensive to own in the first 3 years.

Also, why would you set yourself up to buying new for the rest of your life? Because of one new car purchase at 18? Come on!
Because in the case of the OP, he is handing in a PX worth £3200. At the end of his 116d PCP (and £17k later), unless he puts away enough each month to build up a deposit, he'll have nothing to show for it. Which pushes you into another new car. Simples.

Also you can't treat a PCP car like your own. It needs regular (preferably by a BMW dealership) services, a particular brand of tyres, etc.

All I'm saying is buying new cars is financial stupidity, made worse on PCP. When you own a home and earn good money later in life, it's ok to be stupid.


sparkie1984
Enthusiastic Member
Enthusiastic Member
Posts: 467
Joined: Sun Jan 03, 2016 9:04 am

Re: Brand New 17 Plate BMW 116d for 18 Year Old

Post by sparkie1984 » Mon Aug 28, 2017 8:53 pm

Right bunch of Barry buzzkills on this forum :D

Poor lad comes on here buzzing about getting his Beemer and is greeted with “your stupid” “buy a focus”

A Nissan micra is cheaper than a M140i but hey what’s more fun :)

When do you pick it up OP?
Last edited by sparkie1984 on Mon Aug 28, 2017 9:19 pm, edited 1 time in total.
2014 125D, pronav, electric seats, folding mirrors, adaptive xenons, auto high beam,

Gone - 2013 120D, 3 door, xenons, red leather etc

User avatar
Peter.V
Enthusiastic Member
Enthusiastic Member
Posts: 1317
Joined: Sat Jun 13, 2015 9:12 am
Location: Manchester

Re: Brand New 17 Plate BMW 116d for 18 Year Old

Post by Peter.V » Mon Aug 28, 2017 9:13 pm

NISFAN wrote:
Mon Aug 28, 2017 8:45 pm
Peter.V wrote:
I think what you meant to say is: Financially, you COULD be better off buying a car on an HP agreement. Or not, if it needs repairing a couple of times, plus MOTs, brakes, tyres and other bits... I had a 4 years old 325i I owned when I was 19 and I can assure you, the brand new M140i is not going to work out much more expensive to own in the first 3 years.

Also, why would you set yourself up to buying new for the rest of your life? Because of one new car purchase at 18? Come on!
Because in the case of the OP, he is handing in a PX worth £3200. At the end of his 116d PCP (and £17k later), unless he puts away enough each month to build up a deposit, he'll have nothing to show for it. Which pushes you into another new car. Simples.

Also you can't treat a PCP car like your own. It needs regular (preferably by a BMW dealership) services, a particular brand of tyres, etc.

All I'm saying is buying new cars is financial stupidity, made worse on PCP. When you own a home and earn good money later in life, it's ok to be stupid.
God, you sound like my old fart ex-neighbour who called me stupid for buying a new BMW instead of a 5 years old Honda HRV like his...
Peter
M140i 5-door, Auto, MG with oyster and fineline

stirkee
Knowledgeable Member
Knowledgeable Member
Posts: 64
Joined: Fri Jul 07, 2017 8:16 pm
Location: Newcastle upon Tyne

Re: Brand New 17 Plate BMW 116d for 18 Year Old

Post by stirkee » Mon Aug 28, 2017 10:30 pm

NISFAN wrote:
Mon Aug 28, 2017 8:45 pm
Peter.V wrote:
I think what you meant to say is: Financially, you COULD be better off buying a car on an HP agreement. Or not, if it needs repairing a couple of times, plus MOTs, brakes, tyres and other bits... I had a 4 years old 325i I owned when I was 19 and I can assure you, the brand new M140i is not going to work out much more expensive to own in the first 3 years.

Also, why would you set yourself up to buying new for the rest of your life? Because of one new car purchase at 18? Come on!
Because in the case of the OP, he is handing in a PX worth £3200. At the end of his 116d PCP (and £17k later), unless he puts away enough each month to build up a deposit, he'll have nothing to show for it. Which pushes you into another new car. Simples.

Also you can't treat a PCP car like your own. It needs regular (preferably by a BMW dealership) services, a particular brand of tyres, etc.

All I'm saying is buying new cars is financial stupidity, made worse on PCP. When you own a home and earn good money later in life, it's ok to be stupid.
you know nothing about his financial situation, if he can afford it then let him spend his money how he wishes

stirkee
Knowledgeable Member
Knowledgeable Member
Posts: 64
Joined: Fri Jul 07, 2017 8:16 pm
Location: Newcastle upon Tyne

Re: Brand New 17 Plate BMW 116d for 18 Year Old

Post by stirkee » Mon Aug 28, 2017 10:31 pm

Peter.V wrote:
Mon Aug 28, 2017 9:13 pm
NISFAN wrote:
Mon Aug 28, 2017 8:45 pm
Peter.V wrote:
I think what you meant to say is: Financially, you COULD be better off buying a car on an HP agreement. Or not, if it needs repairing a couple of times, plus MOTs, brakes, tyres and other bits... I had a 4 years old 325i I owned when I was 19 and I can assure you, the brand new M140i is not going to work out much more expensive to own in the first 3 years.

Also, why would you set yourself up to buying new for the rest of your life? Because of one new car purchase at 18? Come on!
Because in the case of the OP, he is handing in a PX worth £3200. At the end of his 116d PCP (and £17k later), unless he puts away enough each month to build up a deposit, he'll have nothing to show for it. Which pushes you into another new car. Simples.

Also you can't treat a PCP car like your own. It needs regular (preferably by a BMW dealership) services, a particular brand of tyres, etc.

All I'm saying is buying new cars is financial stupidity, made worse on PCP. When you own a home and earn good money later in life, it's ok to be stupid.
God, you sound like my old fart ex-neighbour who called me stupid for buying a new BMW instead of a 5 years old Honda HRV like his...
he was probably just upset about the cold starts :lol:

User avatar
NISFAN
Experienced Member
Experienced Member
Posts: 424
Joined: Sun Apr 02, 2017 12:46 pm

Re: Brand New 17 Plate BMW 116d for 18 Year Old

Post by NISFAN » Mon Aug 28, 2017 11:28 pm

Peter.V wrote:
NISFAN wrote:
Mon Aug 28, 2017 8:45 pm
Peter.V wrote:
I think what you meant to say is: Financially, you COULD be better off buying a car on an HP agreement. Or not, if it needs repairing a couple of times, plus MOTs, brakes, tyres and other bits... I had a 4 years old 325i I owned when I was 19 and I can assure you, the brand new M140i is not going to work out much more expensive to own in the first 3 years.

Also, why would you set yourself up to buying new for the rest of your life? Because of one new car purchase at 18? Come on!
Because in the case of the OP, he is handing in a PX worth £3200. At the end of his 116d PCP (and £17k later), unless he puts away enough each month to build up a deposit, he'll have nothing to show for it. Which pushes you into another new car. Simples.

Also you can't treat a PCP car like your own. It needs regular (preferably by a BMW dealership) services, a particular brand of tyres, etc.

All I'm saying is buying new cars is financial stupidity, made worse on PCP. When you own a home and earn good money later in life, it's ok to be stupid.
God, you sound like my old fart ex-neighbour who called me stupid for buying a new BMW instead of a 5 years old Honda HRV like his...
Honda HRV? Nice.....beige interior?


Sent from my iPhone using Tapatalk

deanw
Experienced Member
Experienced Member
Posts: 267
Joined: Sat Feb 13, 2016 8:56 pm

Re: Brand New 17 Plate BMW 116d for 18 Year Old

Post by deanw » Mon Aug 28, 2017 11:41 pm

Enjoy the car! It just means you can't ever use the phrase "I Can't afford to get on the housing ladder"

Post Reply

Return to “F20, F21, F22, F23 (2011 - tbd)”