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      08-08-2010, 06:12 PM   #1
Voodooking
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Best Way To Finance An E90 M3...?

I've got an E46 M3 at the moment, and after a couple of test drives, I've decided that an E90 M3 will be my next car.

I realise this maybe isn't something that people normally discuss on forums. I'm just wondering what the best option is to finance something like this?

I've specced up my car on the bmw uk configurator, E90 Interlagos Blue saloon (Dct, edc, 19" wheels, bluetooth, logic 7 etc.) by the time I'd finished it came out at 62,500.

My E46 is probably worth about 12,500. So that leaves about 50k to finance. In the past I've only ever taken out a straightforward bank loan on my cars. I've liked the fact that I owned the car once I had paid it off. I think I would keep the car for at least 5 years, possibly longer.

I noticed that Nationwide personal loans came out top in the comparison tables but the maximum amount available was 25k.

Never really got involved with leases, hire purchases, etc. so don't really know anything about them. I'll be doing about 25k miles a year in it anyway. This is not related to business, so I can't put anything through in order to save VAT or anything.

I was curious to find out what other people would recommend, and what my options are. I would consider a used one if I could get a year or two old one with most of my options, but even then, it would be at least 35k, so I'm looking at getting finance for between 22,500 and 50,000. What is the best way to go about this?
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      08-09-2010, 11:03 AM   #2
Richbe
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6k of fuel a year! Ouch

335d perhaps a better choice both from a residuals and running cost perspective?

Otherwise, seek a second hand car, low miles and save a good 20k of list, you'll just stretch to a personal loan in the process
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      08-09-2010, 11:33 AM   #3
Hayzi
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If you haggle with your dealer you should get a 8%-9% discount off a new car.

How about a personal contract plan which is a personal lease
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      08-09-2010, 11:55 AM   #4
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Hope you get friendlier responses here compared to pistonheads
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      08-09-2010, 12:03 PM   #5
KadeSdad
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Quote:
Originally Posted by Voodooking View Post
I'll be doing about 25k miles a year in it anyway. This is not related to business, so I can't put anything through in order to save VAT or anything. ?
Nice though they are but if you are thinking of funding that much and doing 25K plus miles a year I would steer clear mate. Not only have you got repayments, fuel costs and don't forget the running costs, that would be a another 2k to 3k a year on top (tyres etc)

Go for the 335D like Rich says or better still the 535D is an awesome machine that will not disappoint in performance, MPG or running costs.

But hey, who I am to argue if you want an M3, if you got the dosh and can afford then go for it.
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      08-10-2010, 03:44 PM   #6
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Originally Posted by KadeSdad View Post
But hey, who I am to argue if you want an M3, if you got the dosh and can afford then go for it.
my thought exactly .......if you can afford the running cost plus the finance cost , just get it as "you" only live once !!!

just my 2p worth

ps if yr buying new you "should" get a few k off one , i got 6K off my list price @64,500
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      08-11-2010, 04:39 PM   #7
Ant Man
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Call me old fashioned but I say, if you haven't got the cash, then you can't afford it. In these economically uncertain times, if I was in your shoes, I'd take the conservative approach, err on the side of caution and get a 335d or 535d. Or save up the money and then buy, in the interim you might even change your mind
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      08-12-2010, 11:40 AM   #8
Neil McRae
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buy a nearly new, it will save you a packet. I would have done this apart from the fact that I couldn't find the spec I wanted.

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      08-15-2010, 12:28 AM   #9
HDB
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Quote:
If you haggle with your dealer you should get a 8%-9% discount off a new car.
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ps if yr buying new you "should" get a few k off one , i got 6K off my list price @64,50
Thats around 5000 quid off?

Im looking to buy a new M3 soon around the same price.

Which dealers did you guys go through so I know who to approach.

Did you buy the latest model year m3 at the time or was there another model year m3 just about to be released. eg. the 2011 coming out - did you by the 2010? I know dealers will save you money if you by a 2010 instead of 2011?

How did you guys get that much off - what did you say

Let me know so I can use your tactics

Last edited by HDB; 08-15-2010 at 12:45 AM.
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      08-16-2010, 01:38 PM   #10
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Originally Posted by HDB View Post
Thats around 5000 quid off?

Im looking to buy a new M3 soon around the same price.

Which dealers did you guys go through so I know who to approach.

Did you buy the latest model year m3 at the time or was there another model year m3 just about to be released. eg. the 2011 coming out - did you by the 2010? I know dealers will save you money if you by a 2010 instead of 2011?

How did you guys get that much off - what did you say

Let me know so I can use your tactics
well bought mine in dec 09 (current model year ...the one with the lcd rear lights)got a good discount because its the second car i had bought of them in 3 months ...also there are right next door to my place of work and i treat the salesman and his sales manager to freebies now and then
Its Williams BMW in Manchester ....ask for Adrian Flood and tell him that Mike from Tai-pan sent you
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      08-17-2010, 03:00 AM   #11
HDB
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Great - thanks for the tip - Will get in touch with the dealership soon.

Much appreciated!
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      08-17-2010, 10:36 AM   #12
Bolt
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did i read that right, recommending a 330d on an M3 forum ?

Your a long time dead ! Go for the M3 .... i do 25k miles a year in mine and grin for every one of em - that V8 is an engineering masterpiece !

I got approx 10% off list from Sytners (but was over 12 months ago in the middle of the recession) ... not sure what deals they are doing now, but with cash in hand, i'd expect a good deal.
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