Upgrade to M140i - thoughts please?

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qwijibo
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Upgrade to M140i - thoughts please?

Post by qwijibo » Mon Nov 20, 2017 11:14 pm

Hi All,

Im 2.5 years into a 3.5 yr pcp on a 120d, and dealer is offering a 0% offer on an M140i shadow - no deposit, 380 per month over 48 months, 12k mikeage. He suggested i look to voluntary terminate my 120d, which after the call today will be a charge of about £1160 as not quite yet reached the 50% stage, plus maybe £750 in excess mileage charge. Dealer says he will swallow this with the above deal, which expires at the end of November.

Im in no rush to change car as was expecting to change in another year, but i think its a good deal which deserves considering. Just wondered what you guys thought - is it a good deal? Any experience with VT and getting straight back into another BMW?

Thanks for your input.

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Re: Upgrade to M140i - thoughts please?

Post by sootyvrs » Tue Nov 21, 2017 1:22 pm

I saw that some dealers are offering 0% PCP with zero deposit and £339 a month x48 (may have been less mileage though?) and I think that might have been auto too..

I think they were only on stock cars registered end of this month though
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Re: Upgrade to M140i - thoughts please?

Post by GingerOtter » Tue Nov 21, 2017 1:59 pm

It doesn’t sound that good. 0% APR means little or no discounts so you’re basically paying full price for a car that has around 20% discount available. It’s not just the monthlies you need to consider it’s the price you actually pay inc GFV. With VT cost and mileage sounds like a really bad deal. And trust me the dealer isn’t doing you a favour or swallowing your mileage - just be added somewhere in the finance.

Search for TRL calculator on here or via google (TRL babybmw) which will give you a good idea of what a very good deal looks like.
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Re: Upgrade to M140i - thoughts please?

Post by OneTwenty » Tue Nov 21, 2017 2:12 pm

That's expensive IMO, as above contact TRL and he will give you the best deal possible.

I would also wait until VT threshold so you have no penalties.
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Re: Upgrade to M140i - thoughts please?

Post by qwijibo » Tue Nov 21, 2017 7:38 pm

Thanks for your comments guys, i have had a look at the calculator and have PM'd TRL.

Ive seen the zero deposit, 339 a month offer but its just for 8k mileage. Im waiting to hear if dealer can even find me a car left in stock so maybe a no go anyway.

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Re: Upgrade to M140i - thoughts please?

Post by ClaretFozzy » Wed Nov 22, 2017 7:15 am

Are you planning on keeping the car after 4 years or handing it back/trading it in?

It seems like a good deal to me, considering it’s for 12k miles and the negative equity in your current car is being factored into the payments.
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Re: Upgrade to M140i - thoughts please?

Post by qwijibo » Wed Nov 22, 2017 5:39 pm

I would hand back/trade in so not too concerned about the GFV. Heard back from dealer today though and they have forgotten to include the neg equity wheb quotingthe above figures! Looks like i will be givig this one a miss.

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