Colin
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Registered: 4th Apr 02
User status: Offline
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http://www.easternmpower.co.uk/new-bmw/BMW_M3_DCT_Coupe_Contract_Hire_Offer/41/
Brand new ///M3 for 550 a month inc Road Tax.
Tempting, as ive been looking at leasing & this is only £200 a month more than something boring & shit!!
Im pretty certain the depreciation of this car will be more than that of the lease!!
Food for thought!
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Ben G
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Registered: 12th Jan 07
Location: Essex
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good deal that. get one.
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gez bay
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Registered: 14th Feb 08
Location: South Wales drives: Vxr
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will you do under 8k a year? thats not much these days
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Colin
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Registered: 4th Apr 02
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Im going back to work today Benjamin so, just showing my find. No cars to be bought for a wee while yet.......these are for March delivery though!!
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Colin
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Registered: 4th Apr 02
User status: Offline
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quote:
Originally posted by gez bay
will you do under 8k a year? thats not much these days
I do 5/6k a year social miles only.
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gez bay
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Registered: 14th Feb 08
Location: South Wales drives: Vxr
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happy days then 
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Ben G
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Registered: 12th Jan 07
Location: Essex
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my focus cost me £414 a month over 2 years (£250 deposit though). so when you consider that, it's a fantastic deal.
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3CorsaMeal
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Registered: 11th Apr 02
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£550 a month  i know you have a good job, but its still a lot of money to be throwing anyway. Just to be driving a new M3, and i bet you will hardly drive it.
10 months of that and you could have £5500 to spend on a car
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James
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Registered: 1st Jun 02
Location: Surrey
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Without looking at the link, I assume that's £550 a month and then at the end of it you give the car back and have nothing?
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Colin
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Registered: 4th Apr 02
User status: Offline
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quote:
Originally posted by James
Without looking at the link, I assume that's £550 a month and then at the end of it you give the car back and have nothing?
Depreciation James, thats all your paying for.
Which IMO is a shortfall on the rent in this case.
If you buy, you can come worse off.
Bloke on the M3 forum 'bought' a brand new M3 (fully spec'd) for 70k 18 months ago & just traded it in for 44k against a new M5!! Thats hardcore!!
Like I said, just looking around / window shopping!!
[Edited on 23-01-2012 by Colin]
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Ben J
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Registered: 31st Jan 05
Location: Cheshire
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If you'll lose more than £16k depreciation over 2 years then its a no brainer.
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Hammer
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Registered: 11th Feb 04
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16.5 grand to hire an M3 for 2 years?
No thanks.
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Colin
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Registered: 4th Apr 02
User status: Offline
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Buy a 5yr old one for £25k cash....
MOT - ££
Road tax - £££
Warranty or repairs - ££££
Depreciation - £££
Cost of a loan should you need one - ££
I reckon there wouldnt be much in it....IF you want to be in an M3. Thats all.
[Edited on 23-01-2012 by Colin]
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Ben J
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Registered: 31st Jan 05
Location: Cheshire
User status: Offline
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quote:
Originally posted by Hammer
16.5 grand to hire an M3 for 2 years?
No thanks.
Or buy a brand new one, sell after 2 years and lose £25k in depreciation. I know which i'd rather do.
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3CorsaMeal
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Registered: 11th Apr 02
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i see what you mean about it being a good choice when compared to depreciation.
I think you should do it, i want to see pictures of your rented M3 in your garage, just sat there like a trophy. You could show all the other M3 owners in the same situation as you and share the joy of the experience
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Tom
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Registered: 3rd Apr 02
Location: Wirral, Merseyside
User status: Offline
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Nothing wrong with leasing imo, especially something like that.
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Colin
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Registered: 4th Apr 02
User status: Offline
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Yep I should just get 12yr old 150k mile cat C repaired nail of a E46 M3 for 6k cash & get battered financially month on month with the expensive upkeep & have it in my garage when it breaks down like an ornament to show all the other M3 owners in the same position that could have had a brand new one 
Cash flow - options, you pay your money you make your choice. 
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3CorsaMeal
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Registered: 11th Apr 02
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you won't be allowed to paint anything black if you rent it.
Major downside imo
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Colin
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Registered: 4th Apr 02
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Buying used can have its pitfalls, set of brakes, tyres & the major service will see you to the tune of four thousand pounds easily.
New one wont need much doing in 24 months, so taking that into account is a simple way into ownership with no scary bills I guess.
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Hammer
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Registered: 11th Feb 04
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quote:
Originally posted by Ben J
quote:
Originally posted by Hammer
16.5 grand to hire an M3 for 2 years?
No thanks.
Or buy a brand new one, sell after 2 years and lose £25k in depreciation. I know which i'd rather do.
Figures plucked from thin air?
I'd rather own my own car personally. If I had to get a new M3.
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3CorsaMeal
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Registered: 11th Apr 02
User status: Offline
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Its just buying a car, handing over money, getting in the car, driving it, parking it, driving it. All those pitfalls are the fun of owning and maintaining a car.
don't see the hobby side of it there.
tbh a bit sick of joining car forums, only to find people are posting pictures of car they bought on finance or rent. All the hobby is about is how much money this will cost or what might that cost if that happens.
its killed the car scene for people like me, may as well be looking at my dads company cars and telling him well done.
I do still love you though mate and hope my mini rage makes sense without me looking mad or jealous
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Jake
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Registered: 24th Jan 05
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quote:
Originally posted by 3CorsaMeal
may as well be looking at my dads company cars and telling him well done.
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James
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Registered: 1st Jun 02
Location: Surrey
User status: Offline
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quote:
Originally posted by 3CorsaMeal
may as well be looking at my dads company cars and telling him well done.
So true.
I can't really argue as my next car will probably be partially financed. The things I don't really agree with are people going out and buying 90%+ of a car on finance and then making out they are some big player as they have an expensive car. I guess the same could be said of this leasing rubbish, although if someone wants to spend £16.5k over 2 years and have nothing to show for it then be my guest.
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Colin
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Registered: 4th Apr 02
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No not at all, you have a valid point. Im past the point of caring about rolling about in puddles and getting cold / scrapped knuckles......I get my fill of that at work fixing scapheap challenge in the North Sea for weeks at a time. A get in & drive luxury car appeals for my down time.
[Edited on 23-01-2012 by Colin]
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Russ
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Registered: 14th Mar 04
Location: Armchair
User status: Offline
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16k not to have a car, tempting... 
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