M3 PCP Deals

[Hydraulicwave]

Hi there,

Do people think this is a good deal?

New BMW M3 with comfort and visibility pack, black

Cash price £71740
Optional final payment £31092
Deposit £16723
48 months
10k miles
£650per month
APR 3.9%

Thanks

[Gnevans]

Not really.

I’m sure there are better deals out there for better cars. My taycan 4s deal looks better to me.

9k and 1k pm three years.

Depends what you want though.

[djc206]

It’s ok for a £70k car. Why 4 years out of curiosity? What difference does dropping to 3 years to avoid being out of warranty make to the figures?

[ollieM2C]

Have you spoken with TRL (Tony Lewis or David King).

https://www.babybmw.net/forum/viewforum.php?f=80&a...

[Hydraulicwave]

Probably it will increase the monthlies, depends on optional final payment I think

[Hydraulicwave]

ollieM2C said:

Have you spoken with TRL (Tony Lewis or David King).

https://www.babybmw.net/forum/viewforum.php?f=80&a...

No I haven't. Who are TRL?

[ollieM2C]

Check out their page on baby bmw and drop him an email. They sell heavily discounted new BMWs.

[djc206]

Hydraulicwave said:

Probably it will increase the monthlies, depends on optional final payment I think

It almost certainly will but amortised you’re already paying a grand a month for the car so might not work out much more and see you in positive equity earlier which would facilitate an earlier change if you wanted to move on before the 4 years is up.

[a_dreamer]

I looked at a M3 but wanted the carbon pack so by the time you add that you may as well add the ultimate and then by that point giving the poor gfv you may as well get a nicer car (in my case 911) or go for a Alfa quadrafolio which you will likely get a better deal on too?

At end of day, if it's the car you want and the payments for your lifestyle. Go for it.

[Panthro]

ollieM2C said:

Check out their page on baby bmw and drop him an email. They sell heavily discounted new BMWs.

They're no more discounted than most other dealers, they just have a good social media presence to get their deals out there.

[dogz]

Best deal I’ve seen is park lane on the NHS / forces discount

If you are a member of the IAM you still qualify

https://www.bmw-ukforces.co.uk/pcp-cars/bmw/3-seri...

This deal is still too expensive in my opinion as I think these cars will drop much further. There are now a number on the AUC locator which will erode values. I’m waiting to see what happens with x-drive models towards Christmas and may jump in if they get to sensible money

[worsy]

Hydraulicwave said:

Hi there,

Do people think this is a good deal?

New BMW M3 with comfort and visibility pack, black

Cash price £71740
Optional final payment £31092
Deposit £16723
48 months
10k miles
£650per month
APR 3.9%

Thanks

Who is paying the Deposit? If it's you, then no it is a crap deal. If it is the dealership, then it's not bad at all on current numbers.

[a_dreamer]

If the dealer is paying the deposit then 650 a month is a great deal

[daviekiwi]

so your paying £47,923 to rent a Bmw M3 for four years. then your left with Zero??
Try a used f80 m3 or m2.
15k deposit, 15k loan over 4years £331, then its yours?
It will probably be worth at least 20k in four years so 10k hit as opposed to 47k?

[a_dreamer]

daviekiwi said:

so your paying £47,923 to rent a Bmw M3 for four years. then your left with Zero??
Try a used f80 m3 or m2.
15k deposit, 15k loan over 4years £331, then its yours?
It will probably be worth at least 20k in four years so 10k hit as opposed to 47k?

Yep they would be but it's effectively the same that someone buying one in cash and then selling it after four years would pay, without the extra expense leaving their bank (assuming they have it)

Personally I think £50k for a M3 is a bit high when most the time you will drove it like a 330i which you can get considerably cheaper but it depends on how you drive it, if you track it and how you get a kick out of your money.

The armed forces deal someone posted is a belter. Some decent deals on other cars too on there.

[djc206]

daviekiwi said:

so your paying £47,923 to rent a Bmw M3 for four years. then your left with Zero??
Try a used f80 m3 or m2.
15k deposit, 15k loan over 4years £331, then its yours?
It will probably be worth at least 20k in four years so 10k hit as opposed to 47k?

Not really. With a PCP especially on a decent car you would reasonably expect to be left with some equity at the end. Leasing is renting, PCP can be but it is also protection against excessive depreciation and would normally see you with some equity at the end to use as a deposit on your next vehicle.

With all due respect his question wasn’t regarding second hand vehicles so it’s pretty pointless mentioning them. We all know you can buy second hand vehicles cheaper, that’s not news.

[docdale]

Gnevans said:

Not really.

I’m sure there are better deals out there for better cars. My taycan 4s deal looks better to me.

9k and 1k pm three years.

Depends what you want though.

Hi
Would you mind sharing details of that deal. I am looking at taycan 4s as well. Dealer specced an example at nearly £100k and costs £10k deposit plus £1400/m over 36m at 10k miles/yr
Thanks

[Hydraulicwave]

Thanks for all the comments. I've opted for an RS5 instead.