Where would you go next...

Wailin

bazz26 wrote: »

Just the one ****ty photograph for a car asking 37k.

BTW I see Colm Quinn have a brand new red M135i in stock too. Still not gone on the looks of the 1 Series

The front has a cartoonish look about it with the lower grill and the kidney grills. Like something from the movie Cars. It's mind boggling how the designers got away with that. Black is probably the safest option to pick.

Leonard Hofstadter

bazz26 wrote: »

Just the one ****ty photograph for a car asking 37k.

BTW I see Colm Quinn have a brand new red M135i in stock too. Still not gone on the looks of the 1 Series.

The lack of rear wheel drive or six cylinder engine, never mind a DCT let alone a proper manual gearbox in a hot hatchback (from not just any old car company, but BMW) like you got in the old car are far worse crimes than the looks (which I agree are not great)...

There is literally no reason to buy this over one of its rivals - at least they all have manuals or DCT gearboxes as standard for added driver engagement. The whole point of a fast 1 series was because it had RWD, 50:50 weight distribution, not to mention the straight six.

maddness

bazz26 wrote: »

https://www.youtube.com/watch?v=iYwvvkbUv3Q

Sickening that you can have cars like that with a small deposit and monthlies of 399 in the UK. As usual we get rode here.

Looks are subjective but that’s bite your arm off ugly.

frozenfrozen

Whats the 40,000 tax threshold he was talking about there?

I've all the original paperwork for my car which was UK and its around 39k with dealer contributions bringing it below 40k and then on separate invoices about 8-9k for different extra charges to bring it back up

Is it higher tax if its bought over 40k?

fletch

Zurbaran wrote: »

It’s so frustrating. Think you only need to put down 2k as well.

£399 a month with £399 deposit

hooch-85

frozenfrozen wrote: »

Whats the 40,000 tax threshold he was talking about there?

I've all the original paperwork for my car which was UK and its around 39k with dealer contributions bringing it below 40k and then on separate invoices about 8-9k for different extra charges to bring it back up

Is it higher tax if its bought over 40k?

Yes there is a luxury car tax if it costs over £40k.

frozenfrozen

Its only an extra 335 pounds a year for 5 years says google... they don't know how good they have it for cars over there.

hooch-85

fletch wrote: »

£399 a month with £399 deposit

I checked the configurator on this over the weekend, for a car with metallic and the tech pack it was around €53k, these start at €50k now since the WLTP VRT hikes.

BMW offer 4 year PCP at 1.9% with deposits as low as 5%, payments on that were €714. A long way off the £399 across the water. To get repayments of €484 you'd need a 25% deposit, approx €13.3k.

digiman

hooch-85 wrote: »

I checked the configurator on this over the weekend, for a car with metallic and the tech pack it was around €53k, these start at €50k now since the WLTP VRT hikes.

BMW offer 4 year PCP at 1.9% with deposits as low as 5%, payments on that were €714. A long way off the £399 across the water. To get repayments of €484 you'd need a 25% deposit, approx €13.3k.

Is there GMFVs much higher or BMW are contributing to the deposit in the UK.

hooch-85

Its €19k on the 128ti after 4 years.

bazz26

Looking at the bmw.ie website for a base 128ti with metallic paint on PCP, BMW offer it @ 1.9% over 4 years @ €391 a month with a 15k deposit and GMFV of just under 19k:

https://configure.bmw.ie/en_IE/configure/F40/1STI/FKFL3,P0475,S01AG,S01CB,S01DF,S01N4,S0230,S0249,S02PA,S02TB,S02VB,S02VC,S0302,S0313,S03M2,S0418,S0423,S0428,S0430,S0431,S0470,S0481,S0493,S0494,S04GQ,S04P2,S0508,S0534,S0544,S0563,S05A2,S05AQ,S0654,S06AE,S06AF,S06AK,S06C4,S06U3,S0704,S0715,S0754,S0760,S0775,S07M9,S0812,S0850,S0853,S0877,S0880,S08KA,S08R9,S08S2,S08S3,S08SM,S08TF,S08TG,S0925,S09QX,S0ZTI

I wouldn't fancy putting 30% deposit into any PCP deal.

I think a Golf GTi Clubsport would have more equity in it at the same age.

vintagevrs

frozenfrozen wrote: »

Its only an extra 335 pounds a year for 5 years says google... they don't know how good they have it for cars over there.

Problem is though people give the cost of tax too much bearing on purchase decisions, and that's true for UK and Ireland.

So a new buyer will prob only keep the car two or three years so maybe an extra grand in tax, but also the extra worry that it will effect resale etc.

hooch-85

bazz26 wrote: »

Looking at the bmw.ie website for a base 128ti with metallic paint on PCP, BMW offer it @ 1.9% over 4 years @ €391 a month with a 15k deposit and GMFV of just under 19k:

https://configure.bmw.ie/en_IE/configure/F40/1STI/FKFL3,P0475,S01AG,S01CB,S01DF,S01N4,S0230,S0249,S02PA,S02TB,S02VB,S02VC,S0302,S0313,S03M2,S0418,S0423,S0428,S0430,S0431,S0470,S0481,S0493,S0494,S04GQ,S04P2,S0508,S0534,S0544,S0563,S05A2,S05AQ,S0654,S06AE,S06AF,S06AK,S06C4,S06U3,S0704,S0715,S0754,S0760,S0775,S07M9,S0812,S0850,S0853,S0877,S0880,S08KA,S08R9,S08S2,S08S3,S08SM,S08TF,S08TG,S0925,S09QX,S0ZTI

I wouldn't fancy putting 30% deposit into any PCP deal.

I think a Golf GTi Clubsport would have more equity in it at the same age.

I think if I had the money for either it would be the Clubsport. New car prices are just at ridiculous levels now.

JoeA3

Having being on the end of BMW residuals, yeah, I agree the Clubsport is the safer bet in terms of residuals. I can't see residuals in the 1-series being good at all.

However, the VW's GFV is higher (22.5k) and VW do not offer a 4 year PCP, so on paper, the BMW may seem the more affordable option if you strictly focus on the monthly cost!

vintagevrs

bazz26 wrote: »

I wouldn't fancy putting 30% deposit into any PCP deal.

Whys that?

digiman

I sold the Tesla M3P recently as I wasn't using it due to Covid restrictions, WFH etc. But have been thinking about what I will buy to replace it near the end of the year, really keen on the X5 45e as I mentioned here before, so the repayments on it are very interesting I think. Top of the range spec model is the following, 10% deposit with 5k of that being the SEAI grant here are the figures:

Price: 107,700
SEAI: 5,000
10% - SEAI: 5,770
Finance amount: 96,930
GMFV: 53,415
Monthly: €1,576.
Interest: 4.9%
What they don't show you though is the interest repayments in the PCP figures they give you, if I'm calculating it correctly it will be the:
((36*1576) + 53415) - 96930 = 13221.

The killer here is your always paying interest on the GMFV which for some reason I feel hard done by

Have been trying to convince myself that this wouldn't be the worst deal in the world given that the govt is basically discounting the car by about €25k between the VRT and SEAI grant (which will eventually go away) the at the moment and the depreciation on it shouldn't be too bad, but that 13k of interest is killing me. If this was 0% interest or even a bit lower I would buy it, BMW of course are screwing the customer on the interest rate as they have the 4.9% on EVs and only 2.9% on the diesels, so the gov give on one hand BMW take away on the other.

hooch-85

Jesus..€1,576 a month would pay my mortgage nearly three times over.

I know its all relative to everyone's circumstances but that kind of money sounds absolutely ludicrous to me.

Cyrus

digiman wrote: »

I sold the Tesla M3P recently as I wasn't using it due to Covid restrictions, WFH etc. But have been thinking about what I will buy to replace it near the end of the year, really keen on the X5 45e as I mentioned here before, so the repayments on it are very interesting I think. Top of the range spec model is the following, 10% deposit with 5k of that being the SEAI grant here are the figures:

Price: 107,700
SEAI: 5,000
10% - SEAI: 5,770
Finance amount: 96,930
GMFV: 53,415
Monthly: €1,576.
Interest: 4.9%
What they don't show you though is the interest repayments in the PCP figures they give you, if I'm calculating it correctly it will be the:
((36*1576) + 53415) - 96930 = 13221.

The killer here is your always paying interest on the GMFV which for some reason I feel hard done by

Have been trying to convince myself that this wouldn't be the worst deal in the world given that the govt is basically discounting the car by about €25k between the VRT and SEAI grant (which will eventually go away) the at the moment and the depreciation on it shouldn't be too bad, but that 13k of interest is killing me. If this was 0% interest or even a bit lower I would buy it, BMW of course are screwing the customer on the interest rate as they have the 4.9% on EVs and only 2.9% on the diesels, so the gov give on one hand BMW take away on the other.

yeah you are effectively borrowing the total amount and pay interest on all if which stings.

thats a very expensive monthly but its going to be expensive however you do it given the price!

Mickiemcfist

hooch-85 wrote: »

Jesus..€1,576 a month would pay my mortgage nearly three times over.

I know its all relative to everyone's circumstances but that kind of money sounds absolutely ludicrous to me.

Whether financed or not, it'll be losing about that much in depreciation over the 3 years anyway. I nearly wince every time I see a new range rover.

mickdw

Mickiemcfist wrote: »

Whether financed or not, it'll be losing about that much in depreciation over the 3 years anyway. I nearly wince every time I see a new range rover.

Ya you basically throw 50 to 60k at those kind of cars for the 3 years driving.
Its frightening money but good luck to anyone who can afford it.

digiman

digiman wrote: »

........

Price: 107,700
SEAI: 5,000
10% - SEAI: 5,770
Finance amount: 96,930
GMFV: 53,415
Monthly: €1,576.
Interest: 4.9%
What they don't show you though is the interest repayments in the PCP figures they give you, if I'm calculating it correctly it will be the:
((36*1576) + 53415) - 96930 = 13221.

The killer here is your always paying interest on the GMFV which for some reason I feel hard done by

........

To compare to a 5 year HP.
Borrow 100k over 5 years, repayments would be approx €2k/month .

There is definitely merit in the PCP route.

carsfan2

digiman wrote: »

I sold the Tesla M3P recently as I wasn't using it due to Covid restrictions, WFH etc. But have been thinking about what I will buy to replace it near the end of the year, really keen on the X5 45e as I mentioned here before, so the repayments on it are very interesting I think. Top of the range spec model is the following, 10% deposit with 5k of that being the SEAI grant here are the figures:

Price: 107,700
SEAI: 5,000
10% - SEAI: 5,770
Finance amount: 96,930
GMFV: 53,415
Monthly: €1,576.
Interest: 4.9%
What they don't show you though is the interest repayments in the PCP figures they give you, if I'm calculating it correctly it will be the:
((36*1576) + 53415) - 96930 = 13221.

The killer here is your always paying interest on the GMFV which for some reason I feel hard done by

Have been trying to convince myself that this wouldn't be the worst deal in the world given that the govt is basically discounting the car by about €25k between the VRT and SEAI grant (which will eventually go away) the at the moment and the depreciation on it shouldn't be too bad, but that 13k of interest is killing me. If this was 0% interest or even a bit lower I would buy it, BMW of course are screwing the customer on the interest rate as they have the 4.9% on EVs and only 2.9% on the diesels, so the gov give on one hand BMW take away on the other.

You always paid interest on the gmfv with pcp!
People forget that as it is parked until the end. You are effectively borrowing almost 100k in your example. If you went for a bog standard x line 45e, I'm guessing the gmfv wouldn't be much less so the repayments would be more palatable, probably under 1k. The extras that add nothing to the resale are paid for over the three years of the pcp which really pushes up the monthlies.
I would think you would have a little equity after three years in that deal.
It's expensive motoring for sure but only you know if it is worth it to you.
A BMW sales man said to me in a moment of honesty that the more you spend on a BMW the more you will have lost when you sell and only add the extras that will bring you pleasure because they definitely won't bring you more money come trade in time.

BTW the apr on the website shows 5.9% which is more than your quote so could be more expensive again.

carsfan2

Leonard Hofstadter wrote: »

The lack of rear wheel drive or six cylinder engine, never mind a DCT let alone a proper manual gearbox in a hot hatchback (from not just any old car company, but BMW) like you got in the old car are far worse crimes than the looks (which I agree are not great)...

There is literally no reason to buy this over one of its rivals - at least they all have manuals or DCT gearboxes as standard for added driver engagement. The whole point of a fast 1 series was because it had RWD, 50:50 weight distribution, not to mention the straight six.

I think it was really only BMW fans that rave about the straight six and rear wheel drive. Vast majority of punters don't care a lot about these things and a new m135i would cover ground quicker than the old model in most drivers hands.
I bet the new model is cheaper to build than the previous.
BMW have to answer to their shareholders and create profits as they are essentially a premium main stream manufacturer.
Unfortunately the halo cars like the M models are priced out of our reach generally thanks to a motorist unfriendly government and the small size of our market meaning we don't do the volume for them to give us similar deals to the UK.

digiman

I asked them to price up the top spec version and then decided what I would cut back on. But really can’t justify spending that amount on it, The Tesla cost me about €8k in 1 year for running costs and depreciation, which I think is excellent when you take into consideration that first year depreciation is usually the worst. If I sold that BMW after 1 year I’d hate to see what the trade in offer would be, I’d imagine it wouldn’t be much mor me than €75k.

I always realised the interest cost so much, but don’t think I ever priced a car so expensive in the past. There is basically €366/month of the €1500 odd in just interest.

Anyway, won’t be rushing into anything at the moment. Happily saving the money rather than spending it on a depreciating car for another while yet!

MarkN

Interesting car. A much better offering to the previous 3 in my opinion and even more so in the 330e. 49k for an M-Sport.

mickdw

Augeo wrote: »

To compare to a 5 year HP.
Borrow 100k over 5 years, repayments would be approx €2k/month .

There is definitely merit in the PCP route.

Ya 100k over 5 years would be 2k per m onth but it would be paid at end of year 5.
The pcp is near 1600 for 3 years and then 53k still owed. For someone who might want to keep the car a few years, the hp looks cheaper.

carsfan2

digiman wrote: »

I asked them to price up the top spec version and then decided what I would cut back on. But really can’t justify spending that amount on it, The Tesla cost me about €8k in 1 year for running costs and depreciation, which I think is excellent when you take into consideration that first year depreciation is usually the worst. If I sold that BMW after 1 year I’d hate to see what the trade in offer would be, I’d imagine it wouldn’t be much mor me than €75k.

I always realised the interest cost so much, but don’t think I ever priced a car so expensive in the past. There is basically €366/month of the €1500 odd in just interest.

Anyway, won’t be rushing into anything at the moment. Happily saving the money rather than spending it on a depreciating car for another while yet!

I think you were fortunate with the Tesla with regards to the fact you had no problems with it and you got out of it at a good time before they became more commonplace in Ireland which along with increased competition will make the depreciation curve steeper I reckon.

You would be better off buying a one year old 45e x5 maybe.

carsfan2

MarkN wrote: »

Interesting car. A much better offering to the previous 3 in my opinion and even more so in the 330e. 49k for an M-Sport.”

I think they’re night and day to the previous model.

Give it a glowing review Mark.
I’ve mine coming next month and I don’t want to be regretting my order before I get it!

Greenlights16

€2K a month repayments, Some money in this thread!! $$$$

User1998

Mickiemcfist wrote: »

Whether financed or not, it'll be losing about that much in depreciation over the 3 years anyway. I nearly wince every time I see a new range rover.

I’ve been looking at Range Rovers lately and even 6 year old ones are still depreciating €10k a year