Dealer visit realise I will never get into a new BMW again

Dealer visit realise I will never get into a new BMW again

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smashy

Original Poster:

3,076 posts

163 months

Tuesday 3rd September
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Took my 2018 335d to have a service today.Walking round looking at the new cars in there with with no numberplate. I said to the Service Reception girl I could not believe the prices and that they are nuts.She agreed ,what else could she do. M240i £56k M440i £76k 7 series a 6.0 or something like that £140k . etc etc..........I was lucky enough to buy a new 330d 10 years ago on PCP it was doable .I am in the same situation financially but I could never justify those prices. When the time comes I will need to drop down a Marque or two.

MrBig

3,046 posts

134 months

Tuesday 3rd September
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I suspect you aren't the only one! As the era of cheap money ends and the costs of everything goes up, there will be more and more people in the situation that they cant or simply don't want to spend that much money on a car.

AB

17,246 posts

200 months

Tuesday 3rd September
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Suppose it'll go back to the olden days of people in a nice car actually having money.

Funk

26,498 posts

214 months

Tuesday 3rd September
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I thought this was going to be about how fugly the new ranges are..! hehe

But yes, prices have gone nuts - and for that enormous expense you get the joys of nannying 'safety' aids with plenty of binging and bonging and trying to wrestle the steering wheel to prevent the car putting itself in a ditch because it's decided it knows better than you do about the road markings...

Dog Star

16,355 posts

173 months

Tuesday 3rd September
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This is what I don’t get about everyone on here moaning about how expensive EVs are - errrrr….. everything is expensive. Even a base Fiesta must be not far off £20k now. Bonkers money.

“Luckily” I’m 56 now, and I reckon if I can get myself an SL400 R231 in the new year and look after it then that will probably see me into the 2040s and I’ll be done.

smashy

Original Poster:

3,076 posts

163 months

Tuesday 3rd September
quotequote all
Funk said:
I thought this was going to be about how fugly the new ranges are..! hehe

But yes, prices have gone nuts - and for that enormous expense you get the joys of nannying 'safety' aids with plenty of binging and bonging and trying to wrestle the steering wheel to prevent the car putting itself in a ditch because it's decided it knows better than you do about the road markings...
Funny you should say that,bearing in mind I am a 10 year old when it comes to cars I did not even bother to walk round their used cars,blandness to the max.....also had a curtesy new 320i...I would give my F30 335d an 8 maybe 9 I love it.That new 320i probably a 4 for so many reasons and they wanted £40k plus for it

Mr E

22,041 posts

264 months

Tuesday 3rd September
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Dog Star said:
. Even a base Fiesta must be not far off £20k now. Bonkers money.

I think the base fiesta is no longer a thing. Or any sort of fiesta I’m afraid. You can have a small SUV thing I think.

mmm-five

11,384 posts

289 months

Tuesday 3rd September
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smashy said:
Took my 2018 335d to have a service today.Walking round looking at the new cars in there with with no numberplate. I said to the Service Reception girl I could not believe the prices and that they are nuts.She agreed ,what else could she do. M240i £56k M440i £76k 7 series a 6.0 or something like that £140k . etc etc..........I was lucky enough to buy a new 330d 10 years ago on PCP it was doable .I am in the same situation financially but I could never justify those prices. When the time comes I will need to drop down a Marque or two.
A 330D SE listed at £36k in 2014, and a 320i Sport at £29k in 2014.

There's current no G3x 3-series diesels to compare the 330D price to, but the current 320i Sport is £40k - a 38% increase in 10 years - which is not much more than the UK inflation over that period of 34%.

Even if the 320i Sport price only increased in line with inflation, then it would still be £37.5k.



Edited by mmm-five on Tuesday 3rd September 19:48

MrBig

3,046 posts

134 months

Tuesday 3rd September
quotequote all
mmm-five said:
A 330D SE listed at £36k in 2014, and a 320i Sport at £29k in 2014.

There's current no G3x 3-series diesels to compare the 330D price to, but the current 320i Sport is £40k - a 38% increase in 10 years - which is not much more than the UK inflation over that period of 34%.

Even if the 320i Sport price only increased in line with inflation, then it would still be £37.5k.



Edited by mmm-five on Tuesday 3rd September 19:48
Have wages increased by the same amount? Interest rate changes certainly make a big difference to affordability.

smashy

Original Poster:

3,076 posts

163 months

Tuesday 3rd September
quotequote all
mmm-five said:
A 330D SE listed at £36k in 2014, and a 320i Sport at £29k in 2014.

There's current no G3x 3-series diesels to compare the 330D price to, but the current 320i Sport is £40k - a 38% increase in 10 years - which is not much more than the UK inflation over that period of 34%.

Even if the 320i Sport price only increased in line with inflation, then it would still be £37.5k.



Edited by mmm-five on Tuesday 3rd September 19:48
I knew someone would come on and do that, should have had a bet on it ,fair enough, I get it. My answer is wages are way behind unless you are a train driver. In 2004 I drove a new Alpina B3S Convertible over the summer Cherry Red ,Cream interior I was in heaven ,it was not mine but it was £40k now they are £89k non convertible level with inflation would be £69k. Whatever is the reality the fact is I will not be in a new BMW anytime soon.Plus actually there is nothing that takes my fancy.

DJMC

3,490 posts

108 months

Tuesday 3rd September
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OP you shot yourself, and everyone else, in the foot by taking PCP.

Screen prices are irrelevant to most buyers nowadays, it's the monthly payment that needs to be affordable.

A few years back with 1%-ish base rate a PCP buyers mortgage might be £500/mth and so they'd happily pay £1,000 for PCP as they could "afford" it. So the abundance of cheap mortgage and PCP rates meant the sticker price crept up and up. Manufacturers cashing in.

Of course Putin and the lack of parts has further pushed up prices but as interest rates have shot up the manufacturers have to increase prices further to make up for falling sales due to PCP payers mortgages suddenly tripling in cost and reality setting in.

Now, add in the consumer's (not company car drivers) hatred and loathing for EVs, the reluctance of manufacturers to make ICE cars for fear they overtake their ever increasing, year on year, liability to have to hit their EV % target, and you'll see popular used ICE car prices spiralling up in the next few years.

What's the solution? I don't see one.

Mr E

22,041 posts

264 months

Tuesday 3rd September
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DJMC. said:
What's the solution? I don't see one.
Drive a used car.

Terminator X

15,902 posts

209 months

Tuesday 3rd September
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Prices and tech no wants wants or asked for. I'm the same, usually a new car every 2 years but now never again.

TX.

Court_S

13,800 posts

182 months

Wednesday 4th September
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I agree; despite the ugliness of the current range, the insane pricing kill any chance of me buying one.

The M3 has always felt obtainable but the current prices are insane versus my wages. Hell, even the PCP payment looks nuts versus my mortgage payment.

The days of cheap cars are long gone. My M140i was zero deposit and £402 a month (covered by my car allowance).

Jasey_

5,174 posts

183 months

Wednesday 4th September
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The future is cheap Chinese tat.

Arrivalist

419 posts

4 months

Wednesday 4th September
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Mr E said:
DJMC. said:
What's the solution? I don't see one.
Drive a used car.
Or keep your existing for a long time.

Arrivalist

419 posts

4 months

Wednesday 4th September
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Just to add …

I have a 2019 Volvo XC40 that I purchased new. After a visit to the dealer last week looking at another, I decided to keep mine and run it into the ground over the next 10 plus years. It does everything I need.

Fusion777

2,322 posts

53 months

Wednesday 4th September
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smashy said:
I knew someone would come on and do that, should have had a bet on it ,fair enough, I get it. My answer is wages are way behind unless you are a train driver. In 2004 I drove a new Alpina B3S Convertible over the summer Cherry Red ,Cream interior I was in heaven ,it was not mine but it was £40k now they are £89k non convertible level with inflation would be £69k. Whatever is the reality the fact is I will not be in a new BMW anytime soon.Plus actually there is nothing that takes my fancy.
Are you sure the Alpina was only £40k in 2004? I remember the E46 M3 being £42/43k new.

I don’t think luxury/performance cars have ever been “cheap”.

croyde

23,648 posts

235 months

Wednesday 4th September
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Over the past 20 years I've seen cars go from almost within my grasp to being as impossible for me to own as a Bugatti/Ferrari/Lamborghini.

Things like M3s and Alfa Giulia Quadrafolio have shot up crazily in price even just over the past 5 years.

I nearly bought a new Veloce a couple of years back for £35k, now they are over £50k.

Meanwhile I earn around the same money that I was on 20 years ago when I bought a new Boxster 987 for £36k, are they not double that now?

MrBig

3,046 posts

134 months

Wednesday 4th September
quotequote all
Jasey_ said:
The future is cheap Chinese tat.
Unlikely. We will probably follow in the US and probably Europe with prohibitive tariffs on Chinese EVs so they wont be an option either.