Where would you go next...

MarkN

bazz26 wrote: »

Unfortunately it may all come down to timing. You could have interest in your car now and sell it but end up in the wrong car for the sake of it. Or else turn away the interest because there is nothing really out there to properly replace it only for when something pops up then the interest in your own car falls off a cliff meaning your stuck or take the hit on the trade in. The other possibility is to go ahead with the sale of the 640d and buy a cheap runaround car to see you over until the next right car turns up?

If you can sell your own here is going to the UK an option Mark, Bavaria in Belfast also take southern trade-ins. You will probably get less for your car but overall the deal might be still better than down here.

Just browsing autotrader there and this stunning 540i popped up. I'd say it must have been a BMW UK car given the spec on it:

https://www.autotrader.co.uk/classified/advert/201806197637673?aggregatedTrim=540i&radius=1500&onesearchad=Used&advertising-location=at_cars&exclude-writeoff-categories=on&sort=price-asc&year-from=2017&make=BMW&postcode=ln12na&model=5%20SERIES&page=1

I’d manage to get by if I sold my own so not too bothered about that. The U.K. could be an option, I’d have to give BOI everything including the colour of my socks for a personal loan, I wasn’t prepared to do that when I got the 6 series as I just wanted it so went with Close Brothers but BOI were looking for tax returns etc and I just thought I’m not going to that hassle for them - BOI finance were happy to hand out €50,000 no questions asked though, simply as they had the car as security.

Agree on the chrome trim, probably options to cover it though. But yeah, easier buying a car that has the stuff you want. I’d happily live with the 19s but when I see one with the 20s they’re nice to have wheels.

Wailin

VRT on that 540i works out at just under €15,000. So with exchange rate plus vrt you're looking at roughly €57,000. Compared to €90,000 for the one in Quinns, which is better specced, believe it or not, and only 8,500 miles vs 26,000 on the UK car. Savage price difference.

James Bond Junior

Wailin wrote: »

VRT on that 540i works out at just under €15,000. So with exchange rate plus vrt you're looking at roughly €57,000. Compared to €90,000 for the one in Quinns, which is better specced, believe it or not, and only 8,500 miles vs 26,000 on the UK car. Savage price difference.

An eyewatering difference.

MarkN

UK V Irish price for a 530d while not as extreme is also huge.

carsfan2

I would think in Ireland that a 530d will still be more saleable in the next 5 years than 540i. I know diesel is not flavor of the month but I think in our market it will be years before it’s not the more popular choice in this class of car.

MarkN

carsfan2 wrote: »

I would think in Ireland that a 530d will still be more saleable in the next 5 years than 540i. I know diesel is not flavor of the month but I think in our market it will be years before it’s not the more popular choice in this class of car.

I’d be inclined to agree. BMW have some of the lowest emission diesels going also.

mickdw

I guess you are self employed Mark?

MarkN

Mooooo wrote: »

Would an Audi a6 Quattro 3.0 be worth a testdrive. I think the estate are good looking cars, altho they are rare enough nearly new

I’d prefer the A7 but new model out and I’ve driven it so the old model would feel fairly dated inside anyway.

mickdw wrote: »

I guess you are self employed Mark?

Not fully but some of my work is.

carsfan2

mickdw wrote: »

I guess you are self employed Mark?

How'd you work that out?

If so, could you buy a Tesla S new or secondhand and put it through your business as a company car. No BIK now. I know of a couple of people going down this route.

mickdw

carsfan2 wrote: »

mickdw wrote: »

I guess you are self employed Mark?

How'd you work that out?

.

just what he said re bank requirements

drunkmonkey

carsfan2 wrote: »

How'd you work that out?

If so, could you buy a Tesla S new or secondhand and put it through your business as a company car. No BIK now. I know of a couple of people going down this route.

The business still needs to pay for the car though even if there's no bik ok if you don't own the business but not seeing any major advantage if it's your own business paying for the car. I just charge myself milage as the cars I've had would have attracted savage bik as it's based on the new price of the car. That 87k new 530d above is a perfect example.
I know a few people with deposits on Tesla 3's, always get a giggle out of asking them when it's arriving.

No major advantage?
With no BIK it's effectively like the bike to work scheme except it's a Tesla. Not a fan of Tesla myself and wouldn't buy a second hand model s in a fit.
If you are doing no or little business miles a no BIK car is seriously tax friendly.

carsfan2

Have to agree re a second hand Tesla.
Wouldn’t be for me. I think the interior quality is poor enough for what you pay but some people love them.
The bik thing works out for some though and makes them more attractive.

carsfan2

Can I ask, pm if you prefer what sort of numbers the 530i works out at? Are they giving you reasonable trade in on your 640?

drunkmonkey

Augeo wrote: »

No major advantage?
With no BIK it's effectively like the bike to work scheme except it's a Tesla. Not a fan of Tesla myself and wouldn't buy a second hand model s in a fit.
If you are doing no or little business miles a no BIK car is seriously tax friendly.

I haven't done the math on it but buying a new car or even a good used one doesn't seem to make sense going down the bik route for me due to it being based on the new cost of the car. I find it easier just charge the milage and I've it set up in such a way I also get some vat back on the diesel, can depreciate the car, the servicing and tyres etc are all tax write off's and also get the vat back on those costs as well.

Mooooo

drunkmonkey wrote: »

I haven't done the math on it but buying a new car or even a good used one doesn't seem to make sense going down the bik route for me due to it being based on the new cost of the car. I find it easier just charge the milage and I've it set up in such a way I also get some vat back on the diesel, can depreciate the car, the servicing and tyres etc are all tax write off's and also get the vat back on those costs as well.

Can you depreciate a non commercial?

mickdw

A co2 band abc can be claimed at 3k per year for 8 years.
The way I operate it is input that 3k plus all motoring expenses then claim for the business portion of my overall mileage.
So if 25 percent business use, 25 percent of all expenses go forward as a business cost.

MarkN

carsfan2 wrote: »

Can I ask, pm if you prefer what sort of numbers the 530i works out at? Are they giving you reasonable trade in on your 640?

Giving €25500 for my 640 on first round figures, there would be more in it, by more maybe €500, maybe €1,000 if I pushed. I’ll still have to come up with cash but a good bit less cash than Spirit were looking for to get into a 520d.

Selling mine privately is the only way I feel, if it doesn’t go that way I’ll keep her until 2019 and keep chipping away at the payments while I’m waiting.

drunkmonkey

drunkmonkey wrote: »

I haven't done the math on it but buying a new car or even a good used one doesn't seem to make sense going down the bik route for me due to it being based on the new cost of the car. I find it easier just charge the milage and I've it set up in such a way I also get some vat back on the diesel, can depreciate the car, the servicing and tyres etc are all tax write off's and also get the vat back on those costs as well.

Well do the math on a 0% BIK car. That's what was mentioned.

Your "such a way" seems strange. You can't claim mileage and get VAT back etc unless you are doing something very very strange that isn't audit friendly. You can do whatever you want until caught of course.

There are plenty paying no or 5% BIK on 5 seat yokes.

carsfan2

MarkN wrote: »

Giving €25500 for my 640 on first round figures, there would be more in it, by more maybe €500, maybe €1,000 if I pushed. I’ll still have to come up with cash but a good bit less cash than Spirit were looking for to get into a 520d.

Selling mine privately is the only way I feel, if it doesn’t go that way I’ll keep her until 2019 and keep chipping away at the payments while I’m waiting.

That is a better offer than I expected and fair enough for a trade in.
Your car looks fab on carzone so I have a feeling it will sell.

MarkN

It’s only sole trader stuff I do so it’s minimal enough, I’m not registered for VAT even, as I said for the majority I’m an employee.

Is 0% BIK applicable for second hand vehicles too? I agree on the interior though, not a fan.

Cheers @Carsfan - met someone this morning but as is the case, you’re competing with dealers and there’s a car in Lewis Motors albeit it with higher miles for less money plus the warranty option. Don’t know what level of warranty somewhere like that would give but it’s early days.

James Bond Junior

Go into Lewis motors and throw a €100 deposit on their one.. might be the cheapest €100 you spend!!

mickdw

Mark,
Could you get a car specific quote from BMW for their warranty on your car and include the cost of 1 year on your sale price.
If that was possible, it would imo make your car more attractive than any from independent trade.

MarkN

mickdw wrote: »

Mark,
Could you get a car specific quote from BMW for their warranty on your car and include the cost of 1 year on your sale price.
If that was possible, it would imo make your car more attractive than any from independent trade.

That’s a great idea. Think it’s €700 fully comp, would be a lot more substantial than any independent dealer.

MarkN

MarkN wrote: »

....
Is 0% BIK applicable for second hand vehicles too?
...

Yup

drunkmonkey

Augeo wrote: »

Well do the math on a 0% BIK car. That's what was mentioned.

Your "such a way" seems strange. You can't claim mileage and get VAT back etc unless you are doing something very very strange that isn't audit friendly. You can do whatever you want until caught of course.

There are plenty paying no or 5% BIK on 5 seat yokes.

Self employed but also an employee in a company.

MarkN

640D sold!

The search starts right now...,

bazz26

Good man. Now the fun bit.

Heres Johnny

Good luck. Still think you're mad but good luck in the search. Early 640d GC very much on my radar now I've nearly enough money for one!!

James Bond Junior

https://m.carsireland.ie/detail.php?ad_id=2027615&r=s.php%3Fm%3D10%26f%3D1%26yn%3D2017%26g%3D0


640i. An i not a d. And very imporantly, rear doors.