DaveA
Boy Racer
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- Drives
- BMW M135i xDrive
Just looking at the current state of the car market and I am thanking my lucky stars that I decided to swap the Golf GTI 245 for the M135i when I did, last year…
A combination of price rises on new cars, discounts being harder to find (especially on cars built to order), APR rates on finance going up and the trade-in market softening slightly, mean that, to buy the same car, today, I would likely be looking at the following:
In all, to buy the same car, today (on the presently advertised figures/rates) using a BMW PCP (like-for-like) would cost me a whopping £13,250 or so more over the full term of the finance…. Which works out at about £282/month extra…
To put it another way, an overall uplift of something between 30% and 35% over the full finance term…
OK, there may be a possibility of taking a stock car and doing some sort of deal for a quick sale, but I very much doubt you could get even close to the deals that were available in April 21…
The other problem is that there are still problems specifying some options. Right now, it looks like BMW are having trouble sourcing the bits that will allow you to add Driving Assistant option (that includes the active cruise) as I cannot seem to select that option in the configurator…
Interesting times indeed…
A combination of price rises on new cars, discounts being harder to find (especially on cars built to order), APR rates on finance going up and the trade-in market softening slightly, mean that, to buy the same car, today, I would likely be looking at the following:
- A list price that, on my spec, has gone up about 7%.
- There are no BMW/dealer contributions being readily advertised.
- BMW Finance rate is up from 2.9% to 6.9%.
- The GFV is higher, adding to the total cost of finance.
In all, to buy the same car, today (on the presently advertised figures/rates) using a BMW PCP (like-for-like) would cost me a whopping £13,250 or so more over the full term of the finance…. Which works out at about £282/month extra…
To put it another way, an overall uplift of something between 30% and 35% over the full finance term…
OK, there may be a possibility of taking a stock car and doing some sort of deal for a quick sale, but I very much doubt you could get even close to the deals that were available in April 21…
The other problem is that there are still problems specifying some options. Right now, it looks like BMW are having trouble sourcing the bits that will allow you to add Driving Assistant option (that includes the active cruise) as I cannot seem to select that option in the configurator…
Interesting times indeed…