[bob mushroom]

I am looking to change my car for a convertible - before I go see the $tealer I wonder if any of you can give a little advice.

I will be looking to spend approx £40k before haggling and will put down approx £7k. What finance options are available through BMW at the mo and what should I push for....

Mileage per annum will be approx 15k and happy to pay a balloon after a period.

Thanks in advance

Bob

[flyfs6]

Hi Bob

Are you looking for new or used?

The amount of discount will also depend on the margins and incentives (these change) available to the selling dealer. You're more likely to gain a higher discount on a new car which has already been built compared to an Approved Used Car. As for finance I think the typical rate is currently 7% APR possibly higher due to the mileage you anticipate doing.

You would be better off selling your current car privately because you're less likely to get top part exchange and maximum discount.

[Boyd1963]

Bob,

I've heard that the convertibles are very unreliable. Probably the roof mechanism and rubber seals.Have you checked this out?

Cheers

[flyfs6]

Those issues were mainly associated with the earlier cars.

Colleagues also have later E93's, but have not experienced any such issues.

[bob mushroom]

thanks for the responses.

I am toying between a 4 month used fully specced or ordering a new not o specced.

I agree px not most effective and if I go new then I will probably sell privately but if used will bite the bullet and for ease px.

I was aware of the early models having issues however I too believed these were sorted - I will discuss terms for roof mechanism issues on ownership and also try to negotiate a set of winter rubber also.

I am really trying to get a heads up on the finance route as to whether to get a loan outright or do a pcp.

Cheers

Bob

[SteveF1]

Go with the fully specced slightly used car over one without toys. You'll regret it 6 months down the line.

[bob mushroom]

Thats what I am thinking... just better discounts on the new

[creepy coupe]

So are you looking to finance £33K?

[bob mushroom]

Originally Posted by creepy coupe

So are you looking to finance £33K?

yeah thats the idea - but on a pcp type deal or something similar rather than a full bank loan

[E90jonno]

See if its cheaper getting a personal loan or to take finance first.

[creepy coupe]

Originally Posted by bob mushroom

yeah thats the idea - but on a pcp type deal or something similar rather than a full bank loan

How often do you change your cars?

[bob mushroom]

I'll be looking to keep for 2 -3 years. Had Company Cars prior so been a long time since been buying privately

[Irnbrukid]

There is a £2.5k bonus on new 6cyl E93's i think well there certainly is on E92's, so you should be able to get that on top of any discount you can haggle.

[creepy coupe]

Originally Posted by bob mushroom

I'll be looking to keep for 2 -3 years. Had Company Cars prior so been a long time since been buying privately

Might be worth looking a PCP as your depo sounds spot on for PCP on a car of that value.

Most dealers will match or better bank interest rates.

Might be worth looking on the BMW AUC site, where you can coose a car worth £40k and enter a £7 depo, then it works out your payment plan.

[urfankhaliq]

Originally Posted by creepy coupe

..Might be worth looking on the BMW AUC site, where you can coose a car worth £33 and enter a £7 depo, then it works out your payment plan.

wow £33 for a car is cheap!!? is that a toy car?

[Sukey]

Originally Posted by creepy coupe

Might be worth looking a PCP as your depo sounds spot on for PCP on a car of that value.

Most dealers will match or better bank interest rates.

Might be worth looking on the BMW AUC site, where you can coose a car worth £40k and enter a £7 depo, then it works out your payment plan.

Depending on the spec you want, you can try for competition quotes from other PCP providers. I did this and got a better quote from BMW as a result.. astonishing how they are prepared to sharpen pencils against the competition - or perhaps it was only the dealership I went to.

I have had an E93 for about 4 months and haven't had any issues - indeed, I've been very pleased with the car, which feels like a go kart and has been a hoot in the fine weather, so I hope you enjoy yours.

Good luck haggling.

[rogerxp]

I'd go down the used with all the toys personally. I've just been comparing similar specced used & new cars (touring) as the new car boys said that 'should' be able to compete due to better residuals (and discounts) but, when you're talking a 'specced up' car it goes tits up. All the toys on a new car does nothing for the residual value (i.e. they instantly lose their value) so the monthly figures don't work out very competitive. I should say, this is in my case, could be different for different models & different ticks-in-boxes...